A Holistic Approach to Managing Budgets
Cost management is still a top priority. However, making meaningful cost reduction without affecting performance is easier said than done. This article discusses "a structured and pragmatic approach to zero-basing can help achieve sustainable cost reduction while protecting key activities."
"Though world economies show some signs of emerging from recession, cost management remains a top priority and a key performance driver for most companies. Many businesses have weathered the downturn by addressing easily accessible cost reduction opportunities. However, making significant and sustainable cost reductions without threatening performance and competitiveness is more difficult because many companies are unable to systematically identify and analyze the full range of activities undertaken by the business and the associated costs and business impacts. For that reason, there is increasing interest in the concept of “zerobasing” cost and activity levels, an approach in which costs are tackled at the root by reexamining each corporate activity as if it were brand-new. Although the concept of zero-basing is understood in theory, it is often misapplied. A structured and pragmatic approach to zero-basing can help achieve sustainable cost reduction while protecting key activities."
Documents are in common file formats such as Microsoft Word (doc), Powerpoint (ppt), Excel (xls,csv,xlsx), and Adobe pdf.Download
Where is the fat? If HP has it right, then this article shows you the places where you can cut IT fat. Ever seen a blind man cross the road..? – or is that just Exco (The executive committee) trying to decide on the IT budget? Great Strategy + Lousy Execution = failure. No exceptions to this rule. Don Tapscott argues that one can have them both. If only they tried. This cost estimating guide provides a framework, based upon best practices, that can be modified to develop, evaluate and manager IT investments' cost estimates. Need a list of cost saving drivers? Read On... The pressure is on IT departments to cut costs. But if you came to me with a cost-cutting plan which includes suggestions from various IT experts of: “virtualisation, removing data duplication, WAN optimisation, installing air economisers, and using... A very good case study on running it like a business, aligning business with IT and defending the IT budget on value not cost! What is a Cost Benefit Analysis without risk? Worthless!! Read On... A recession is upon us. Are you ready? Let’s face it. An IT organization that has to justify its budget as a “cost center” has lost the respect of the business community somewhere along the line. "Evolving from a cost center, IT is taking on the character, rigor and practices of a business within a business. It won’t be easy, but for CIOs it’s a matter of survival." Of late, there is a lot of emphasis on IT ROI. While this is commendable, extending this argument to convert the IT Organization into a profit center is taking it to another extreme. For example, are HR, finance, and marketing profit centers? Why no... This paper discusses information technology cost management (IT Cost Management) from both a theoretical and practical perspective. It discusses IT cost management frameworks, and their application in industry. This presentation provides an IT cost reduction model that drives IT cost saving strategies. This cost estimation guide provides invaluable information on cost estimation - throughout a project's lifecycle and its connection to other levers of value creation such as risk. This paper discusses managing information technology as a business - not a supplier or cost center but a fully functioning business value creator. This whitepaper discusses using service resource planning to leverage IT resources for maximum business value — "both for your IT business and the wider business that IT serves." Proving IT's Value is the Achilles heel of CIOs. There are many views and more tools but the issue persists. What now? Last week, we lay the foundation for a discussion on IT Value. This week, we look at specific areas where IT creates value.
This whitepaper introduces performance budgeting and describes how to apply the "the methodologies, metrics, process, and systems used to monitor and manage the enterprise’s business performance.” Good introduction to PBB but it lacks depth. How can a CIO create value when most of the budget is spent "keeping the lights on"? Is there a way out of this dilemma? Read On... This IT Cost optimization guide provides ideas to achieve "Rapid, Radical & Sustainable IT Cost Improvements" This volume details a framework for establishing and maintaining a performance based management program. The IT function should be at the heart of an organization’s efforts to reduce the cost of conducting business. Here’s what CIOs and other business leaders should focus on.
Posted on 05/16/2011 by