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.
Book Your Workshop
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.
Book NowModule 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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