Gartner Research

Top 10 Guidelines for IT Budgeting

Published: 27 June 2012

ID: G00232995

Analyst(s): Jim McGittigan

Summary

IT budgeting is both art and science, combining financial management expertise and executive judgment. Every organization will require a different approach to budgeting; however, Gartner's top 10 guidelines can assist in preparing as well as communicating a more accurate and effective IT budget.

Table Of Contents
  • Key Challenges

Analysis

  • 1. Develop a Baseline Budget Prior to Material Changes
  • 3. Slice and Dice — Prepare for Multiple Views of Budgets
  • 4. Benchmark Your IT Spending
  • 5. Budget by Services
  • 6. Drive a Common View of Value With Business Leaders
  • 7. Enlist the Business Stakeholder
  • 8. Create Detailed Opex and Capex Budgets
  • 9. Ensure All Known IT Costs Are Budgeted
  • 10. Understand the Politics

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