Published: 01 July 2020
CIOs challenged with better managing IT costs — cost cutting, asset optimization and investing in deliverables that matter most to the businesses’ mission and objectives — should apply these 12 rules to their strategic cost optimization efforts.
Many IT organizations lack a formal process and a common language for continuously refining costs, optimizing IT spend or programmatically investing to create business value.
Cost cutting is a reactive exercise and fails to consider the real impact to business outcomes, objectives and risk.
CIOs do not actively drive their teams to manage IT spend with a clear strategic alignment to business goals and objectives.
CIOs that desire more strategic approaches to IT cost optimization should:
Elevate the cultural focus and priority of strategic cost management by implementing a programmatic and proactive cost management approach.
Demonstrate IT stewardship of corporate funds by
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