Cost & Budget Management

Cost & Budget Management
What is your take on this article by Joe Peppard about the need to get rid of IT Departments? https://www.wsj.com/articles/get-rid-of-the-it-department-11637605133?mod=djemCIO

Top Answer : I like the idea that IT is the business, but pushing out the team to be decentralized scares me a little. It might work in a smaller org, but in larger organisations I think you would lose some of the advantages of scale and end up solving the same issues multiple times.

SD-WANSD-WAN

What's the business case for SD-WAN? What do digital leaders want to see from vendors?

What is a good IT budget/revenue relation in percentage?

Top Answer : I would say about 3 to 5%.

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Are you facing any new budgeting challenges this year due to the pandemic?

Top Answer : Right now it's a dicey situation due to the kind of product we are trying to build, which requires reduced development time. Currently, if we are developing any kind of a connector for a client, it takes around 24-26 days for a single connector. We are trying to reduce that to six days, so the platform we are trying to build requires people who have an understanding of the software as well as the infrastructure. Given the current situation here in India, salaries are skyrocketing because of this pandemic remote work. We are budgeting between the minimum and maximum salaries we can offer for the kind of experience that people are coming in with. I am trying to make proposals depending on how many years of experience the person has, how much salary I expect will be required, and what kind of work I expect from the person. Previously, it was easy because I was sure about the kind of work that needed to be done and the salaries were quite affordable. Now, it's difficult.

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What strategies have been effective for you when doing IT and security budgets?

Top Answer : A lot of it is about reading the room, and then clearly articulating your needs and the reasons why. Because most of the time, our audience does not know exactly what we need or understand it from the level of detail that we do.

Do you have a structured process for yearly IT budgeting?

Top Answer : My responsibilities for requesting and forecasting resources are primarily people-oriented. We're doing growth analysis and what we have people-wise in different geographies is a bit less important with remote work. In our budgeting process, we submit the Professional Services Group. I take input from all the other partners and managers; we roll up a number of people and have a plan by region, practice, specialty area, etc. The number of people we think we need to hire and that staffing forecast has to balance against the sales forecast and that's how it's presented to our president, finance team and so on.

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If you have implemented an unlimited PTO benefit in your company, how did you roll it out? I am hearing more and more companies that advertise this to attract talent.

Top Answer : This question intrigued me so I decided to do a quick search on which companies offer unlimited PTO.  These companies are almost exclusively in the tech industry or are industry disruptors. Reading through some of the policies, this policy from Roku resonates most with me.  TL;DR "Get your job done and we don't care how much time you take off." “We believe you can be highly productive at work and still have plenty of time for life outside of the office. That's why we offer a generous time-off policy. In fact, for salaried employees, we don't track vacation or have official holidays. Instead, you can take as much vacation as you think is appropriate, as long as you get your job done and don't impact the team's work.”

What are your thoughts on SaaS management platforms (SMP)?

Top Answer :

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