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IT Budgets

4 Easy Budget Cuts Every IT Manager Can Find

The IT Value Challenge’s author outlines four ways that companies can cut non-value IT spending without gutting IT’s ability to provide critical services and deliver value in new byline article on CIOUpdate.com.

To read the article click here or visit CIOUpdate.com.

Please note this is the third in a series of three articles. The first two articles may be found here and here.

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How to recapture IT spending

In a new article on CIOUpdate.com, the IT Value Challenge’s author outlines ways that companies can reclaim a portion of their non value-creating IT spending to make it available to improve company economic performance or for differential investment.

To read the article click here or visit CIOUpdate.com.

Please note this is the second in a series of three articles. The first article in the series may be found here.

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Understanding the ROI of Value Creation

In a new CIOUpdate.com article, the IT Value Challenge’s author outlines an approach both business and technology executives can take to “have their cake and eat it too” by allocating a greater share of the IT budget to activities that create value for the enterprise.

To read the article click here or visit CIOUpdate.com.

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IT’s biggest money wasters

    

The IT Value Challenge’s author shares a way executives can avoid one of several significant IT “money wasters” and reallocate scarce resources to more value-creating activities with InforWorld, CIO and ComputerWorldUK readers in this new article by master IT writer Dan Tynan.

Click here to read the article on InfoWorld.com, here to read the same article on CIO.com, or here to read the same article on ComputerWorldUK.com

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Returns on annual IT investment… the math gets even uglier

A closer look at some companies’ anticipated 2010 IT spending suggests two disturbing trends:  IT spending avoided in 2009 in response to the economic downturn is being “made up” in 2010 budgets, and much of that “make up” spending falls into non value-creating categories.  Together, this suggests returns on annual IT spending is on-track to decrease — which could have dire impacts on companies’ willingness to make strategic IT investments in 2011 and beyond. (more…)

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Returns on annual IT investment… the math isn’t pretty

Recent articles on The IT Value Challenge explored ways executives can reallocate, recapture or reduce non value-creating IT spending to increase available IT budget on the grounds that failing to do so could imperil the availability of funding for IT in the “new normal.”  The importance of increasing the return on annual IT spending becomes even more striking when two common, popular IT spending benchmarks (well known to business and IT executives alike) are combined into a single analysis. (more…)

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The “new normal” requires further IT spending cuts despite economic recovery

In previous articles, The IT Value Challenge discussed protecting IT budgets by reallocating non-value creating IT spend to efforts creating tangible business value and maximizing available IT funding by recapturing a portion of non-value creating IT spend. Even when those two approaches are implemented successfully, the “new normal” may drive still more demands to reduce IT spending.  Failing to respond to such demands strategically — even when the mandate itself is arbitrary — can put the funding for critical IT services and initiatives not recognized for creating business value at risk.  Fortunately, many IT departments will have yet-untapped non value-creating IT spending that can be eliminated. (more…)

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A CFO Speaks: Three Mistakes to Avoid When Pitching IT Spending

In a new article on CIOUpdate, Logicalis CFO Greg Baker shares three critical failings he often has encountered in a population of hundreds of IT spending requests.  Two of these, warnings about unexplained jargon and incomplete paperwork are valid points that hopefully most executives will already have learned to avoid.  The third of his points, however, is highly valid and reflects an unfortunately common occurence:

The most common mistake is when IT concentrates too much on how a project solves technical issues―things like bandwidth constraints or deployment requirements―but then fails to talk about payback; how the project can improve sales or reduce costs. (more…)

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Recapture IT spend to increase available IT funding

In a previous article, The IT Value Challenge discussed protecting IT budgets by reallocating non-value creating IT spend to efforts creating tangible business value. While that approach can protect or even expand IT budgets, it may not be enough.  A second approach — recapturing non-value creating IT spend — can also be applied to preserve funding for critical IT services and initiatives that cannot be tied directly to business value. (more…)

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Don’t let technology vendors get the upper hand

The IT Value Challenge’s author advises CIOUpdate.Com readers about some of the common challenges to keeping negotiations with technology vendors focused on maximizing the buyer’s benefit from the proposed contract and provides practical, actionable advice on how to manage the negotiation process to that end in this article by prolific IT writer Jeff Vance.

Click here to read the article or visit CIOUpdate.com.

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