Among its advice to chief information officers for how to address these issues, META advised CIOs entering the budget battle this year to take a "categorized spending strategy," for example, by clearly delineating which projects are core, non-discretionary, discretionary, investment and "venture spending."
In addition, the analysts recommended emphasizing the enterprise's "vulnerabilities and risks to business performance" from further cost-cutting. "The most popular method to accomplish this task includes the use of risk management as a discipline to portray various levels of risk and cost to resolve/address the risk," said Boyle. "An impact discussion with the business is necessary to have rational discussions on what should be spent and where. This discussion will help users develop a deeper appreciation for the value of IT."