Organizations that follow a structured cost optimization program are more likely to access increased funding, and demonstrate value from their investments.
The Gartner Cost Optimization Decision Framework helps you prioritize cost optimization opportunities by value, not just the potential to reduce spending.
Use this framework to:
- Create a prioritized list of your most promising cost optimization opportunities
- Assess the level of impact of your cost plans across key decision factors/criteria
- Evaluate the trade-offs between the benefits, costs, risks, and viability of different cost control initiatives
- Map cost reductions on a simple grid to show the trade-offs and help build buy-in for your cost reduction strategy.