Minimize the Damage of IT Cost Cuts
When IT cuts costs, everyone feels it.
RETIRED CONTENT
Please note that the content on this page is retired. This content is not maintained and may contain information or links that are out of date.Without taking a value-based approach to cost cutting:
- IT can be unsure of which costs to cut first.
- IT can make the wrong cuts, resulting in backlash from the business.
- Cuts can be made by the business without IT's involvement.
Taking a value-based approach to cost cutting:
- Protects key capabilities and assets.
- Builds reputation of IT as a leader in the organization.
- Helps the company improve profitability.
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Onsite Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn’t enough, we offer low-cost onsite delivery of our Project Workshops. We take you through every phase of your project and ensure that you have a road map in place to complete your project successfully.
Module 1: Understand the Mandate and Take Immediate Action
The Purpose
- Determine your cost-optimization stance.
- Build momentum with quick wins.
Key Benefits Achieved
- Understand the internal and external drivers behind your cost-cutting mandate and the types of initiatives that align with it.
| Activities: | Outputs: | |
|---|---|---|
| 1.1 | Develop SMART project metrics. |
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| 1.2 | Dissect the mandate. |
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| 1.3 | Identify your cost-cutting stance. |
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| 1.4 | Select and implement quick wins. |
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| 1.5 | Plan to report progress to Finance. |
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Module 2: Select Cost-Cutting Initiatives
The Purpose
- Create the plan for your cost-cutting initiatives.
Key Benefits Achieved
- Choose the correct initiatives for your roadmap.
- Create a sensible and intelligent roadmap for the cost-cutting initiatives.
| Activities: | Outputs: | |
|---|---|---|
| 2.1 | Identify cost-cutting initiatives. |
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| 2.2 | Select initiatives. |
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| 2.3 | Build a roadmap. |
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Module 3: Get Approval for Your Cost-Cutting Plan and Adopt Change Management Best Practices
The Purpose
- Finalize the cost-cutting plan and present it to the business.
Key Benefits Achieved
- Attain engagement with key stakeholders.
| Activities: | Outputs: | |
|---|---|---|
| 3.1 | Customize your cost-cutting plan. |
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| 3.2 | Create stakeholder engagement plans. |
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| 3.3 | Monitor cost savings. |
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