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Subject: Information Technology Budgeting

Tutorial: What Every Manager Needs To Know About Budgeting


Common Misconceptions - Recap

IT professionals:

  • don’t need to become budget experts; but, budgeting is an important part of the job
  • shouldn’t assume that they can rely on others to ensure adequate IT funding; they must aggressively participate in the planning and decision-making process
  • need to understand that while budgeting involves numbers, it’s not just a numbers game - it is the lifeblood of the organization
  • can learn how to use budgeting as a management tool and place accounting in proper perspective
  • can make senior management pay attention to what they have to say; but, it needs to be said in business terms

What Every Manager Needs To Know About Budgeting, Lesson 7 of 14

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