Cost-Reduction Planning for IT Vendors Storyboard

Author(s): Steve Jeffery , Phil Bode

Use this Executive Brief to achieve immediate, mid-term, and long-term cost reductions and budget preservation initiative. The storyboard includes the following sections:

  • Introduction
  • IT-Contract Cost-Cutting Framework
  • Assess Your Current Situation
  • Gather Spend Data
  • Classify and Prioritize Opportunities
  • Develop a Plan for Each Opportunity
  • Identify the Appropriate Negotiation Style
  • Guiding Principles

Formulating a tactical and strategic approach to IT expense reductions will provide immediate cost reductions while creating a foundation for sustainable long-term cost control.