IT Manager's Handbook, 3rd Edition

Chapter 6

Managing the Money

Budget: A mathematical confirmation of your suspicions.

A.A. Latimer

Chapter table of contents

6.1 The Budgeting Process

6.2 The Difference between Capital Expenditures and Operating Expense Items

6.3 Lease versus Buy: Which One Is Better?

6.4 Other Budgeting Factors to Consider

6.5 Managing Vendors

6.6 Managing the Money during Difficult Times

6.7 Outsourcing and Offshoring

6.8 Further References

As a manager, one of the things you have to manage is money and how your department spends it. Also, because IT departments often have one of the largest budgets in the organization, many eyes will be on your budget. This chapter will help you minimize, and deal with, the raised eyebrows over all those eyes. In the pages ...