Post-COVID-19: A CIO Recovery Guide — Creating a New Digital Business Budget

Post-COVID-19: A CIO Recovery Guide — Creating a New Digital Business Budget

This IDC Perspective discusses the critical budgeting challenge faced by CIOs and business leaders — balancing the tension of longer-term technology projects with the short-term imperatives confronting the business. New customer requirements, likely requiring new IT capabilities, are manifesting themselves and will impact the organization's ability to stay in sync with evolving market opportunities. Deciding which longer-term projects may be de-emphasized to enable these new requirements — while working within the new financial constraints faced by many organizations —will separate organizations that thrive 24 months in the future."The IT budget is a robust tool that many organizations use to facilitate their decision-making around spending priorities and needed outcomes," says Joe Pucciarelli, group vice president of IDC's IT Executive Programs (IEP). "CIOs and technology leaders who embrace the broader context of these 'budget' negotiations have the opportunity to deliver outsized contributions to their organizations."

Please Note: Extended description available upon request.

Executive Snapshot
Situation Overview
Steps for IT Post-COVID-19 Budgeting: Remaining Competitive in Times of Uncertainty
Step 1 — Empower the Leadership Team to Steer the Budgetary Course
Step 2 — Initiate an Agile Digital Business Playbook Around Each Phase of the Journey to Recovery
Step 3 — Adopt a Multidisciplinary, Flexible, and Short Cycle Time Decision-Making Process
Step 4 — Establish Greater IT Cost Transparency and the Ability to Forecast IT Service Portfolio Scenarios
Budget Leadership Through the Five Phases of Post-COVID-19 Recovery
Phase 1: Crisis — Business Continuity
Phase 2: Slowdown — ROI Focus
Phase 3: Recession — Operational Resiliency
Phase 4: Investment — Acceleration
Phase 5: Recovery — Innovation
Delivering the Post-COVID-19 Recovery Budget
Scenario Planning — Place Your Bets
Advice for the Technology leader
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