Workflow Templates: IT Budgeting Checklist

Review current hardware costs

Evaluate software licensing fees

Analyze cloud service subscriptions

Assess employee training and certification expenses

Calculate maintenance and support costs

Predict hardware upgrades and replacements

Estimate new software and tools required

Anticipate changes in cloud services usage

Plan for employee growth and associated IT costs

Consider potential cybersecurity investments

Prioritize IT projects and initiatives

Draft a detailed IT budget proposal

Obtain feedback from key stakeholders

Adjust the budget based on feedback

Secure final approval from management

Set up regular budget review meetings

Monitor actual spending against budget

Generate monthly financial reports

Identify and address budget variances

Update stakeholders on financial status

Analyze opportunities for cost-saving

Negotiate better rates with vendors

Implement efficient resource management

Review and cancel unused subscriptions

Adopt cost-effective technology solutions

IT Budgeting Checklist