Financial survival in times of coronavirus
Posted: Thu Dec 12, 2024 3:22 am
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CIOs will need to take a number of actions to ensure financial survival.
According to Gartner , there are several measures that these professionals must follow during the pandemic:
Establish which expenses can be deferred, eliminated or altered.
Anticipate cost increases: “Many organizations and industries that are primarily office-based use desktop computers and fixed office networks and infrastructure. truemoney phone number data To move the office to remote work, cost increases can come in the form of obtaining and financing laptops, monitors and mobile devices, increased software, VPN and hardware costs, and consumption-based communications costs, both voice and data,” notes the Project Leader website .
Reduce current spending rates: CIOs should categorize expenses into three buckets, based on whether or not they are likely to be deferred.
Evaluate all existing investments: they should be divided into two categories: non-critical and critical projects. CIOs should place particular emphasis on the latter.
Defer any new spending: “CIOs should defer or cancel all uninitiated spending on projects, staffing, assets or upgrades and release any retained third-party resources, as well as related infrastructure or service expenses,” the website cited above notes.
Put non-essential expenses on hold.
Reassess all existing expenses.
Negotiate consumption downwards.
Explore alternative financing approaches.
All those professionals who wish to expand their experience in the field of projects will be able to do so thanks to the university programs sponsored by FUNIBER . One of the courses offered is the Master's Degree in Project Design, Management and Direction .
CIOs will need to take a number of actions to ensure financial survival.
According to Gartner , there are several measures that these professionals must follow during the pandemic:
Establish which expenses can be deferred, eliminated or altered.
Anticipate cost increases: “Many organizations and industries that are primarily office-based use desktop computers and fixed office networks and infrastructure. truemoney phone number data To move the office to remote work, cost increases can come in the form of obtaining and financing laptops, monitors and mobile devices, increased software, VPN and hardware costs, and consumption-based communications costs, both voice and data,” notes the Project Leader website .
Reduce current spending rates: CIOs should categorize expenses into three buckets, based on whether or not they are likely to be deferred.
Evaluate all existing investments: they should be divided into two categories: non-critical and critical projects. CIOs should place particular emphasis on the latter.
Defer any new spending: “CIOs should defer or cancel all uninitiated spending on projects, staffing, assets or upgrades and release any retained third-party resources, as well as related infrastructure or service expenses,” the website cited above notes.
Put non-essential expenses on hold.
Reassess all existing expenses.
Negotiate consumption downwards.
Explore alternative financing approaches.
All those professionals who wish to expand their experience in the field of projects will be able to do so thanks to the university programs sponsored by FUNIBER . One of the courses offered is the Master's Degree in Project Design, Management and Direction .