article thumbnail

The art of selling: IT budget approval made easier

CIO

Because as a young CIO, I was struggling with obtaining budget approvals for a range of IT initiatives. A majority of CIOs I speak with dread the budget approval process and breathe a welcome sigh of relief when annual budgeting comes to an end. And because of this, IT budgeters must have open ears.

Budget 264
article thumbnail

What most CIOs get wrong about strategic IT plans

CIO

It’s because any Martian business will enjoy an insurmountable advantage: With a 687 earth-days long year, Martian enterprises will go through about half the number of budgeting cycles their terrestrial competitors do. What,” I asked him, “is the ROI for budgeting?” My friend would state, in response, “Your budget is your plan!

Budget 277
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

10 digital transformation roadblocks — and 5 tips for overcoming them

CIO

Transformation efforts can be derailed for any number of reasons, but there are several common themes as to why digital initiatives fall short — and most revolve around leadership. IT leaders must work with business leadership to help establish a clear understanding of digital transformation goals and a practical roadmap for achieving them.

article thumbnail

Today’s best CIOs are strategy wranglers

CIO

And with 85% of the workforce considering changing jobs and skill sets for jobs changing 25% since 2015, you definitely need a talent and skills strategy. In the aughts (2000s), the leadership focus for IT was “strategic alignment” — that is, linking IT’s strategy to the business. IT Leadership, IT Strategy

Strategy 299
article thumbnail

Stepping up to the challenge of a global conglomerate CIO role

CIO

Urkude: The move from a promoter-led business to a one of the largest conglomerates in the world is definitely a big change. I was regularly interacting not only with the IT leadership but also with the other business teams such as SCM, HR, accounts and finance, strategy, and M&A of the Reliance Group.

article thumbnail

3 key digital transformation priorities for 2024

CIO

Luckily, many are expanding budgets to do so. “94% As every CIO can attest, the aggregate demand for IT and data capabilities is straining their IT leadership teams. Digital Transformation, Generative AI, IT Leadership, IT Strategy, IT Training

article thumbnail

Agile Portfolio Management Definition: How To Run Your Company at Its Fullest Potential

Luis Goncalves

It’s interesting that a lot of IT projects are considered as failures even though the development teams were able to submit the output on time and within budget. Prioritize Possible Projects: Companies often have to prioritise possible projects because of budget constraints. This includes the budget and personnel.

Agile 174