IT Planning & Budgeting
The old adage states, “Fail to plan – plan to fail” and this has never been truer than planning IT budgets.
Think about it, if your IT equipment is neglected, there is by default, a greater risk of things going wrong, equipment failing. And if your business relies heavily upon IT systems to operate efficiently, then neglect can very quickly prove false economy, that can have devastating impacts.
Planning and budgeting for known IT expense well in advance can make a huge difference, not only to the performance of your systems, but also to your overall business efficiency.
Shackleton’s account managers meet clients regularly to conduct IT planning sessions and budgetary planning, quite often several years in advance of any anticipated expenditure. We meet with key decision makers and discuss IT resources and the state of their IT infrastructure. We discuss their short and medium-term business objectives and ask the question, “is your current IT infrastructure, realistically capable of supporting these objectives?” And if we agree that it’s not, then start the planning process to improve, upgrade or replace the infrastructure, so that it is ready to support their objectives.
We’ll work with the client to develop a short-term (1-3 years) IT budget plan and then encourage them to think much further ahead and look at where the business is going over the next 3-5 years and again agree and prepare a budget plan well in advance.
At each account management meeting we review previous notes and keep the budget at the forefront of their minds, so that with 2 years, 1 year, or even 6 months to go, there are no nasty surprises and they rest easy knowing that the budget for any upcoming expense has been catered for.
Effectively, we encourage our clients to incorporate IT budget planning into their overall financial planning and where necessary, we help and advise them, every step of the way.
Regular investment in IT actually saves cost over the medium-to-long-term and managing their expectation in this way means Shackleton’s clients suffer less down time.
The fact is, that failure to plan IT budgets effectively can have a seriously detrimental impact on a business’s ability to operate efficiently and can even create unexpected burdens that impact upon cash reserves.
Planning for IT investment, should be at the core of yearly budget planning and it’s essential that the key decision makers all understand and agree, that it’s an investment in your business and not a cost.
Contact Shackleton today to arrange an informal chat and review of how effective IT budget planning can save your business from downtime and unexpected costs.
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