understand the IT budgeting process, analyze the result and explain the variance between the budget and the actual results.
Review the "IT Budget" Excel spreadsheet to complete the assignment.
Part 1: Existing IT Budget
Review the existing IT budget presented on the "IT Budget" spreadsheet and answer the following questions in an outline:
Why is it important to prepare an IT budget?
What are some key takeaways from this budget example?
What types of details seem to be missing from this budget?
What is the purpose of the internal charge-back and how would you communicate this to those receiving the charge?
If your leadership team asked you to cut your budget by 5%, what steps would you take?
What types of backup information you would need to support your budget process?