Managing IT Costs in a Weakened Economy - ' Finding 5'
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: Most IT Organizations Stay on Budget">
Finding 5
Most IT Organizations Stay on Budget (Slideshow)
IT executives say they have kept costs in check. More than 80 percent of respondents say they meet or exceed their organization's IT cost-cutting goals or successfully manage IT costs. Skeptical? Look at the numbers: Just 14 percent say overall IT spending is over budget, and only 17 percent say projects have come in over budget. And most CXOs in other functions would be fairly satisfied with an "unnecessary spending" rate of 8 percent, although zero, of course, is preferable. Cost-cutting is part of IT's heritage; it's always been a motivator for implementing technology. Should the economy sour, the issue isn't whether CIOs know how to cut costs but whether the methods they've used successfully in the past are still appropriate in 2007.
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