User Rating: / 0
PoorBest 

Show me the money! Where an organization spends its funds reveals quite a bit. Budgets convey priorities, and areas that will be neglected. Investing in IT and network infrastructure is easy when budgets increase every year. Learn some ways to think about budgets and self funding strategies to do more with less in 2009.   While 66% of enterprises indicate that they expect their bandwidth requirements to increase in 2009, many organizations have mandates to cut their spending on voice, data, wireless, and conferencing by more than 10%. Conflicting demands for more bandwidth and reductions in spending require new strategies. Failure to make sound investment in IT and network infrastructure during tough times will leave companies behind.

 

 

Strategy #1 - Zero Based Budgeting 

Budget season is a great time to reassess all expenses. Zero-based budgeting requires every expense to be justified from a "zero base" regardless of prior spending. Previous assumptions about are replaced with a healthy dose of skepticism. There are a number of positives and negatives to consider before launching this approach. On the positive side of the ledger, it will reduce entitlement mentality, increase restraint in future spending and make the budgeting review process more meaningful. There may also be some liabilities to consider. Zero-based budgeting favors areas that contribute directly to revenues.

 

Strategy # 2 - Validate and Reconcile Your Inventory of Services

Create an inventory of services. Use the information to target quick savings. For example look at things like the most expensive circuits and longest calls. If you switched technology, do a search for all circuits or equipment installed prior to the date when you changed your technology. Look for closed locations and opportunities to "right-size" services for the new environment.  

Visit again more strategies are coming.

 

 

Next >