How to Strategically Plan Your IT Budget
IT Budgeting and Planning
What is the value of budgeting for IT expenses? (4:11)
The IT Budgeting Process (05:18)
What are the advantages of creating an IT budget?:
- Helps eliminate surprises pertaining to project expenses
- Allows for you to create a roadmap with achievable goals
- Gives you a clear overview of current and future IT projects
What is the Value of Prioritizing IT Projects (07:55)
How do you determine which IT projects take priority? (09:41)
How Far Ahead Should You be Budgeting? (10:45)
If you company has not yet had experience with IT budgeting, begin by budgeting for 1 year only.
How to Create an IT Roadmap (12:20)
- Having a 3-5 year plan gives your business the ability to avoid unforeseen projects
- Technology is constantly changing, therefore any planning beyond 5 years is not necessary
- After creating a 3-5 year plan, your annual planning process will become quicker and more efficient (13:42)
Audit your network infrastructure, what needs to be updated? (16:30)
- A network audit should take placed every 3-5 years
Vendors
Additionally, do not forget to review your vendors (17:02)
Warranties (19:05)
It is important to budget for server and network infrastructure warranty renewals.
Check out some of our past TechTalk Detroit episodes:
TechTalk Detroit EP 25: How to Choose the Right Electronic Devices for Your Business
