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Vol. 1 No. 9 November 2002

How to make your budget case

Even before the current IT budget crunch, spending on routine upgrades and maintenance monopolized 90% of total IT spending-having just 10% of the pie for innovative, strategic projects. Getting funding on new IT initiatives is harder than ever today, when projects exceeding $100,000 routinely require CEO approval, according to a recent Ernst and Young study. Even smaller IT initiatives face intense scrutiny and head-to-head competition for dollars. That's a far cry from the unbridled budgets of just two years ago, when IT spending peaked at 46.7% of all business investments. To get their share of dollars, storage administrators need to tackle the age-old budget battles with a new blend of business savvy and financial metrics. Cost benefit analysis for storage solutions The first step in the budgeting process is to perform a cost-benefit analysis of individual storage projects, assessing the required capital and resource investment, along with the expected benefits. This analysis should be calculated over a three or five year ...

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