Activity
Periodic round of negotiations
Budgeting
Description
Description
All organisations have a periodic (usually annual) round of negotiations between the business departments and the IT organisation covering expenditure plans and agreed investment programmes which ultimately sets budget for IT. There are following secondary budgets:
* Sales and marketing budget,
* Production budget,
* Administrative budget,
* Cost and investment budgets.
Organisation
Responsible role
IT Finance Manager
Input/Output
Input data
Budgeting policy
Output data
Budget requirements
Expenditure plans and agreed investment