10 TIPS

With the start of the new financial year just around

the corner it’s time to prepare or fine-tune your

IT budget. Besides helping to keep IT spending

costs under control over the upcoming year, the

budgeting process can be valuable as a method

for identifying areas where more investment may be

needed. Below are 10 tips to help the process go

as smoothly as possible.

FOR PREPARING YOUR IT BUDGET

Investm

ent

Expense

Baseline against previous budgets

Budget with strategic goals in mind

Allocate funds for product updates & upgrades

Invest some serious time in the process

Leave some wiggle room for unexpected items

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Dedicate funding for IT training

Benchmark your IT spending against industry averages

Survey your employees on spending priorities

Include IT security measures

Treat IT cost as both an investment and a expense

Investm

ent

Expense

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