Creating a Network Budget Strategy

Developing and managing a network budget is hard work for network professionals, who often get hit with new projects that they know nothing about. Is there a better way to manage network spending?

Mary E. Shacklett, President of Transworld Data

September 28, 2023

1 Min Read
2024 budget goals plans
Cagkan Sayin via Alamy Stock

When annual network budget seasons start, the proverbial wisdom is that you assess all of the projects you’ll be doing for the coming year, revisit current fixed budget categories to see how they performed and what you think you’ll need to sustain them, determine whether you need to add headcount, and then set your numbers a little above what you really need in the event that something comes along later that you didn’t expect.

The reason for setting the network budget at a slightly higher level than what you need is that you want to avoid going back to the CIO or CFO to ask for extra funding.

This seems simple enough, but there are all kinds of reasons why you could be surprised by unanticipated costs that you didn’t account for.

Read the Full Article on Network Computing

About the Author(s)

Mary E. Shacklett

President of Transworld Data

Mary E. Shacklett is an internationally recognized technology commentator and President of Transworld Data, a marketing and technology services firm. Prior to founding her own company, she was Vice President of Product Research and Software Development for Summit Information Systems, a computer software company; and Vice President of Strategic Planning and Technology at FSI International, a multinational manufacturer in the semiconductor industry.

Mary has business experience in Europe, Japan, and the Pacific Rim. She has a BS degree from the University of Wisconsin and an MA from the University of Southern California, where she taught for several years. She is listed in Who's Who Worldwide and in Who's Who in the Computer Industry.

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