Budget your way to better returns from technology. (Boomer's Blueprint)

Accounting Today,  May, 2002  by L. Gary Boomer

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Why budget for technology? This sounds like a simple question, yet most firms and businesses try to make it very complex and confusing.

Most technology people don't help this situation with their technical jargon, either. The simple answer to the question of why firms should budget for technology is "focus."

Some projects should be fully funded while others should not be funded at all. In most firms, the important projects -- where there is the high potential of a huge return -- are only given partial funding and commitment from the partners in a firm.

For example, every firm is talking ...