In all but the smallest organizations, standardize approaches for submitting and presenting budgets are mandated. These approaches may include spreadsheets, online tools, and presentation templates.
A common goal is to produce submissions that are consistent with respect to organization and content. They also provide a way to ensure critical issues are addressed. For example, how each group will manage / be impacted by growth, potential reductions, or other significant events.
Show Time Presenting an Information Technology (IT) budget can be challenging. The forces driving IT costs are not always understood, and even more fundamentally, the very essence of IT is often unclear to executives.
Other factors can complicate the effort. As previously discussed, costs might be held by organizations outside of IT. This can make it difficult to calculate the organi…