Archive | January 25, 2009

Cost Management Is Top 2009 Priority For IT Decision Makers

Companies are making announcements left and right about their plans of downsizing their operations and cutting their labor force as well. All leading to one thing during an economical slowdown — cost cutting. Companies are cutting their budgets from all sides, in the hope that saving more money will keep their company afloat during this condition.

There’s nothing wrong in cutting cost, but I think it would be better if we can concentrate on cost management than cutting cost. What’s the difference you might ask? Cost cutting is simply lowering corporate operation expenses while cost management is determining the areas where we can save, and put that savings into a more productive use within the company. You can cut your expenditures in one area, and relocate the budget to a revenue producing projects.
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