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Subject: Information Technology Budgeting

Tutorial: What Every Manager Needs To Know About Budgeting


Five Common Misconceptions

One of the reasons budgeting is difficult for information technology professionals is that they share some misconceptions about budgets and budgeting. The consequence is that they are unwilling or unable to effectively participate in a decision-making process that can make, or break, an IT organization. Here are five of the most common misconceptions:

  1. It’s not my job.
  2. The work is too important not to be funded.
  3. Budgeting is just a numbers game.
  4. Budgeting is just accounting by another name.
  5. Senior management doesn’t care what we have to say.

The next pages briefly address each of the misconceptions.

What Every Manager Needs To Know About Budgeting, Lesson 1 of 14

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