When Budgets Abate, Reassess Project Priorities

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IT application plans must occasionally be reassessed and adjusted, sometimes significantly. Budget cuts, project overruns, and unplanned initiatives can make current plans obsolete.

This note addresses the steps that IT management must follow to complete a reassessment of application project priorities. Learn how to address the following challenges:

  • Identify the size of the problem. 
  • Decide which projects should continue and which should be deferred. 
  • Get approval for recommended deferrals or cuts. 
  • Realign the application group to the revised plan.

The intelligent reprioritization of application projects ensures that the least valuable or highest risk initiatives are cancelled or postponed, while the most valuable continue.

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Search Code: 9460
Published: November 28, 2008
Last Revised: November 28, 2008

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