The global recession and how to cope with it will inevitably dictate the business and IT agendas during 2009. While the general consensus is that IT budgets are likely to remain relatively flat overall, circumstances will vary from industry to industry, with sectors such as financial services and travel being hardest hit. Government and utilities will see investment remain relatively buoyant.
Gartner indicates that, although 46% of CIOs believe their budget will increase, 21% expect expenditure to fall and a further 33% anticipate that there will be no change. Mark McDonald, global vice president of executive programmes at Gartner, says: “Some companies are going through large budget declines, while increases are very modest, which is holding the overall number down.”
Read this excellent article and learn the 7 means to survive the recession, pay attention to the IT Governance and Project Portfolio Management ‘PPM’, read the article here.