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Thursday, September 17, 2009

Changing Jobs in Difficult Financial Times

This concise set of processes is written as though for a CIO, but you can replace "CIO" with your new title, and "IT" with whatever your work will be, and it still provides solid advice:
It may sound rudimentary, but scrutinize the budget. A new CIO role requires a thorough review of the technology department budget. Reviewing the last three years of budgets and "actuals" against budget may produce insights into budgeting and spending habits. For example, as a new CIO at one institution, I found $80,000 in a part-time temporary employment budget line which had not been spent in the previous three years. We were able to repurpose those funds and provide a real impact for the institution. The budget and "actual" information can also highlight items where unspecified "contingency funds" are stored. These funds may be an unofficial contingency fund or they may be funds that have been forgotten over time. Identifying these funds and putting them to good use would be a welcome move in tough economic times.

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