CIOs: Build credibility by budgeting effectively

This comprehensive download explains how to define your budget and use it in balance with the other successful aspects of IT management, including internal and external relationships, organization, and technology.

Your budget is a significant aspect of managing for success, and it's one of the most important facets of your career. This in-depth article from The Enterprise Computing Institute looks at a variety of key aspects of the process, including:

• Developing a budget philosophy
• How to approach budgeting for success
• How to break down the elements of a solid budget
• The role of relationships in budgeting
• Useful budgeting metrics
• The budget toolbox
• A simple budget process flow

As the authors point out, budgeting is an exercise in common sense. Adjusting IT expenses to revenues, buying off-the-shelf if product provides the required functionality, keeping an eye on the critical influencing factors, keeping the executive team involved and informed, and treating the budget as a change agent all help you successfully manage the IT shop to be viewed as a solid piece of the foundation from which the company pursues its goals.Join the discussion of this download.

This download is also available as a TechRepublic article in HTML form.