[Your Company Name]

[Your Name]

[Date]

Thoroughly document all software licensing costs, including renewals and updates.

Account for hardware maintenance costs, covering repairs, upgrades, and replacements.

Track costs associated with IT consulting and external services, ensuring comprehensive expenditure transparency.

List IT staff salaries and benefits, capturing the full scope of personnel-related expenses.

Determine the percentage of revenue dedicated to IT, aligning with organizational goals.

Divide the IT budget into operating and capital expenses, providing clarity in financial allocation.

Designate funds for upcoming IT projects, fostering innovation and proactive planning.

Identify IT initiatives critical to business operations, emphasizing strategic significance.

Rank projects according to their strategic importance, ensuring resource allocation aligns with business objectives.

Decide on a timeline for project implementation, balancing urgency and thorough planning.

Assess IT resource requirements, considering current and future needs for optimal performance.

Evaluate the efficiency of the current IT infrastructure, identifying areas for improvement.

Identify opportunities for IT optimization to save costs, fostering resource efficiency.