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Smart Enterprise: Greater Expectations

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Smart Management t's the season of IT budgeting, and CIOs are facing a number of pressures — not the least of which is the perennial need for greater efficiency in IT. An improving economy, however, is also spurring enterprises to begin embracing a growth agenda, funding strategic IT initiatives that can drive business innovation and support expansion. "Companies have a brighter outlook for what's coming up," says Randy Roth, a Partner at Corporate Contracts, an IT sourcing consultancy. "It seems they're starting to loosen up, planning to spend a little more money for next year, rather than being flat or decreasing the budgets as they've done over the last few years." That sounds right to Jose Mora, Senior Director of Product Marketing at CA Technologies. He says that as organizations position themselves for growth, they're being cautiously optimistic about their IT spending. "They're working to balance fiscal discipline with the need to be more agile and innovative in how they operate and deliver value to the business," Mora adds. Given these pressures, how can CIOs best devise a budget that minimizes the expense of operations — keeping the lights on — while providing adequate fund- ing for new initiatives that can enhance the business and improve the bottom line? The most successful CIOs work to garner business sponsorship for proposed expenditures, and then clearly communicate business value at the executive table. IT To balance efficiency with business value, CIOs turn to dynamic funding. | By Tom Farre I Budgeting The New World of 18 SMARTENTERPRISEMAG.COM

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