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CIO Wisdom: Best Practices from Silicon Valley's Leading IT Experts by Dean Lane

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Chapter 13. Budgeting

by Bob Denis, Maureen Vavra, John Dick

Bob Denis introduces us to the perils of budgeting:

Hi, my name is Bob and I am a budgetholic (this word can be found in the dictionary of “Bobisms”). I have been clean for nine months but lately have fallen; this time of year is very difficult and emotional for me.

Most managers go through this for the three months or so prior to the next fiscal year. I remember my first promotion to management level as if it were yesterday. “Congratulations on your promotion, Bob,” said my boss, Guy, as he walked me to the new office on Wednesday morning. “Bob, this may seem a bit unfair, but I need a first-pass budget for your department by Friday,” Guy went on, to which I replied, as we ...

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