IT Management Slideshow: IT Budgets Remain Stagnant for Many CIOsBy Dennis McCafferty | Posted 10-18-2010
Two thirds of CIOs and other senior IT managers say their 2010 budget is smaller or equal to that of 2009.
A sign of encouragement?
In 2009, 75 percent of IT managers reported that their budget was smaller or equal to the prior year's budget.
34 percent of respondents say their 2010 IT budget is bigger than 2009. The same was true for only one quarter of respondents in the 2009 survey.
43 percent of this year's IT budget is allocated for internal domestic staffing.
32 percent of this year's IT budget is earmarked for hardware, software, network needs and depreciation.
10 percent of the current year's tech budget is being allocated toward consulting services.
73 percent of respondents say their 2011 IT budget will either be greater than or equal to 2010. This foretells a possible rebound back to pre-recession range.
27 percent of respondents say their 2011 budget will be lower than it was in 2010.
Six in 10
More than six in 10 respondents project that IT staffing salaries in 2011 will be greater than 2010. This is a positive sign for the ability to recruit, retain talent.
Business Alignment: Three Top Priorities (percent respondents)
IT communications about business strategy/risk/opportunity (35 percent)Allocating time for IT-business partnerships (26 percent)Measuring/demonstrating IT's contribution to business (16 percent)