How do you manage your IT budget effectively?

I build it as a portfolio, in one hand to define several tracks/domains where all activities fit into, then associate budget from all budget section per activity and aggregate into a domain/track, this macro view help in understanding if actual effort is in correlation to CIO strategy and company priorities and if actual ratio's are as planned. quarterly review of plan vs actual is in place including budget review.

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#budgeting,#management
Yossi Amara

Yossi Amara, CIO

I build it as a portfolio, in one hand to define several tracks/domains where all activities fit into, then associate budget from all budget section per activity and aggregate into a domain/track, this macro view help in understanding if actual effort is in correlation to CIO strategy and company priorities and if actual ratio's are as planned. quarterly review of plan vs actual is in place including budget review.