Click Fraud Protection

Connecting...

Protect IT investment funding, firms urged

News | Investment funding | Organisations | Tips

W1siziisijiwmtcvmduvmdkvmtevntkvmzqvndyyl3byb3rly3qtaxqtaw52zxn0bwvudc1mdw5kaw5nlwzpcm1zlxvyz2vklmpwzyjdlfsiccisinrodw1iiiwimtawmhg0mdajil1d

Businesses and organisations have been offered a number of tips to help protect IT investment funding.

IT analyst Gartner noted that almost every chief information officer (CIO) sees reducing operational expenditure and increasing the amount spent on IT as a top priority.

But many are failing to properly manage the operational costs of IT investment in new programs, which can erode funding, the firm warned.

"Organisations that overspend on operational activity have little money left to invest in new projects," said Stewart Buchanan, research vice-president at Gartner.

"Without reinvestment, organisations cannot restructure and optimise their operational spending.

This results in rising non-discretionary costs, which in turn leads to further underinvestment, lack of competitiveness, failing client service and loss of revenue, he said.

"This makes future spending even less affordable and even less avoidable," Mr Buchanan added.

"Program and project managers need to break their organisation out of this spiral of terminal decline."

In order to avoid this situation, Gartner has called on CIOs and IT professionals to diagnose the investment challenges faced and change governance to improve the way they are managed.

IT should also keep a log of "nasty surprises" the organisation has faced in budget management, allowing the department to plan ways to detect and avoid similar events in future.

Another tip is to create a single portfolio view of assets, services and project spending, while Gartner said IT should plan asset and service lifecycles to identify when investment is needed.

Finally, the analyst said firms should plan for success by agreeing how wider deployments will be paid for.


Posted by Jon Aspinell on 15th June 2012

SHARE

RECENT CONTENT
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

IT Trainer

City of London, London

Up to £45000 per annum

A well-established law firm is looking to add an IT Trainer to their IT team. They'll be based in London and will pro...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Web Developer - Sheffield- £55,000

Sheffield, South Yorkshire

£50000 - £55000 per annum

Web Developer (Node.js, JavaScript) - Sheffield. This is a home based role, but you will very occasionally be require...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmzmvndavnty5l21hcmsxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Marketing Executive - Growing Global ...

Hammersmith and Fulham, London

Up to £30000 per annum

Located in the Hammersmith area, West London (commutable from parts of Middlesex and Berkshire) Paying up to £30,000 ...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Systems Developer - Tunbridge Wells

Tunbridge Wells, Kent

£35000 - £37500 per annum

Systems Developer - Tunbridge Wells Systems Developer; Microsoft Business Solutions (MS Dynamics, SharePoint), C#, SQ...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

IT Support Technician (With C# / Scri...

London, England

Up to £30000 per annum

A growing financial services company based near to Bank Station in the City is looking for an IT Support Analyst to j...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmzmvndavnty5l21hcmsxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Head of Marketing (Gaming/Entertainment)

City of London

£140,000

My client is a multi billion pound, market leading gaming and entertainment group, who offer a dynamic, fast paced, c...

READ MORE
W1siziisijiwmtgvmdevmjqvmdgvntkvmtavndyyl2ltywdlmtqtbwlulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mcnuzsjdxq
Insight

Can HR tech ease workplace conflict?

Workplace conflict is mostly unavoidable - particularly when businesses hire strong-minded talent with big ideas. Ego...

READ STORY

W1siziisijiwmtgvmdevmtyvmdgvntcvmzcvmtk5l1dlbgwxyi1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Insight

What to prioritise in your employee experience

The candidate experience has long been valued by employers looking to attract fresh talent. Now, however, companies a...

READ STORY

W1siziisijiwmtgvmdevmtavmtyvmdavntmvmtyzl0ltywdlntatbwluicgxks5wbmcixsxbinailcj0ahvtyiisijmznxgxnzajbmuixv0
Insight

What can HR expect in 2018?

HR departments are set to face many new challenges in 2018, from the technological to the traditional. Among the most...

READ STORY

W1siziisijiwmtcvmtevmjgvmtcvmdevndqvnzivaw1hz2uyni1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Advice

From communication to drive: The importance of soft skills

Soft skills are often difficult to quantify, yet they can become an absolute necessity for your business to reach its...

READ STORY

W1siziisijiwmtcvmtevmdgvmtavntqvmzivotuvaw1hz2uxns1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
News

Only one in three workers say their employers offer training

Just one-third of workers report that their employer offers regular training opportunities, a new poll by the Trades ...

READ STORY

W1siziisijiwmtcvmtevmdgvmtavmzivntuvndgzl0ryaw5rlw1pbi5qcgcixsxbinailcj0ahvtyiisijmznxgxnzajbmuixv0
Advice

How can you encourage an inclusive work environment?

Inclusivity in the workplace is an ideal most astute businesses strive for. Making employees feel comfortable and val...

READ STORY