The Top 3 Cost-Cutting Mistakes CIOs Make And How to Avoid Them
A recessionary economy puts pressure on companies to maintain earnings while revenues are static or shrinking. Many of the efficiencies business leaders seek to achieve depend on improved systems and streamlined processes, resulting in increased demand for IT projects at the exact moment when IT departments are most capacity constrained. At the same time, the consequences for waste, inefficiencies, and project failures have become extremely high.
In tough times, the key to improving the strategic value of IT is to resist the pressure to retreat to a “keep the lights on” defensive posture. CIOs must increase relative portfolio investments in projects that raise the impact and yield from IT. In other words, deliver more value, faster and cheaper, while ensuring troubled projects are fixed or terminated. But how is this possible?
