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How is the IT budget determined compared to the previous year?

For illustrative purposes, let us establish the following assumptions.

The development of each new system requires 6,000 man hours per year, or approximately 3 full-time people.

It is estimat that maintenance on a production system albania phone number data is around 10% of the system size, so the maintenance effort is 1,200 hours per year, applying the rule of 2 hours of maintenance for every 1 hour of development.

 

Is there traceability between digital services

The system has a useful life of 6 years, for whatever reason. So at the end of this period, a specific effort will have to be made to replace or modernize the Shannon Tracey-Boggess Marketing Coordinator & Technical Writer system. Let’s assume that this requires investing the same 6,000 man hours that were us to implement the original system.

Table 1 reflects the 8-year planning exercise with the above assumptions.

 

Table 1. Budget planning

These types of exercises can help us justify the budget Denmark Telemarketing Leads requir to meet business goals from a technological perspective. We ne enough hard data so that all stakeholders – CEO, COO, CFO, CIO and others – can have a shar vision.

Self-assessment
Let’s now do a self-assessment exercise by answering the following questionnaire and adding up the points we get for each answer.

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