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Information Technology

IT Cost Reduction

Reduce IT spending while simultaneously increasing the value IT delivers to the organization. Theory ZYX provides a disciplined framework for achieving cost reduction without sacrificing innovation, talent, or strategic alignment.

The IT Cost Reduction Challenge

In many organizations, IT budgets have become larger than necessary. Cost reduction is a major change initiative, and change is rarely easy, especially when dealing with highly skilled knowledge workers and mission-critical technology investments.

The challenge is not simply reducing spending. The challenge is making meaningful cuts while retaining top talent, maintaining support from business units, preserving critical capabilities, and continuing to increase the benefits IT provides to the organization.

To successfully meet this challenge, apply Theory ZYX to cost reduction in Information Technology.

Multiple Views Of IT Spending

Theory ZYX examines IT spending from multiple perspectives to uncover opportunities that traditional cost-cutting efforts often miss.

Projects
Software
Hardware
Salaries
Consultants
Outsourced Services

Theory ZYX Change Audit

The starting point is typically a Change Audit utilizing Theory ZYX methodology. The audit helps answer critical questions including:

  • Are procurement practices world class and delivering the best pricing?
  • Is Total Cost of Ownership embedded in decision making?
  • Is the Project Management Office operating effectively?
  • Does IT have a cost-effective strategy that maximizes business value?
  • Are strategic projects being held hostage by specific business units?
  • Can consultant spending be significantly reduced?
  • Can maintenance contract costs be lowered?
  • Can hardware and software be further standardized?
  • Should selected functions be outsourced?
  • Should IT staffing levels be adjusted?
  • Are there hidden inefficiencies reducing productivity?
  • Are resources aligned with strategic priorities?

Reduce Costs And Increase Results

Cost reduction should not weaken IT. Properly executed, it can strengthen strategic alignment, improve efficiency, increase responsiveness, and maximize the value technology delivers to the organization.

Contact Change Management Center to learn how Theory ZYX can help reduce IT spending while simultaneously increasing business benefits.

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