How to Budget for the Care and Feeding of Apps
As the demand for more IT-enabled capabilities increases and the expectation that IT will become more of a strategic partner to the business grows along with it, organizations will face more critical decisions than ever when it comes to accounting for application development and maintenance (ADM) in their budgets. With that in mind, software analysis vendor Cast Software asked Saad Ayub, a former CIO for companies such as Scholastic, the Hartford and Aetna, to craft an approach to ADM budgeting that would help companies craft budgets geared toward ensuring their applications are delivering the desired business outcomes. As Ayub made clear in the summary of the resulting nine-step process he created, budgeting for the care and feeding of applications is a delicate balancing act. "The easy part is around defining what new capabilities need to be built," Ayub wrote. "The hard part is getting an agreement on appropriate investments for improving the application landscape, which will ensure that the company is positioned for long-term growth." Ayub hopes that his methodology can help organizations achieve the right mix of collaboration and metrics needed to make the most of an application portfolio.