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Preparing a Technology Budget
Written by: Steven G. AtkinsonArticle Overview: When preparing a budget on new technology its important to look at everything that is needed within the project. Sometimes the proposal that is received from a vendor is only one small piece of the entire project. When looking over the total cost of a project, those cost can be put into one of three categories. Those are One-time cost, Annual operation expense, and additional support services. The following are some of the things to consider when putting together a technology budget.
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Preparing a Technology Budget
When preparing a budget on new technology its important to look at everything that is needed within the project. Sometimes the proposal that is received from a vendor is only one piece of the entire project. It may even be just a small part of the overall budgetary amount.
When looking over the total cost of a project, those cost can be put into one of three categories. Those are one-time cost, annual operation expense, and additional support services.
The following are some things to consider when putting together a technology budget.
Hardware
If purchasing new software is the current hardware adequate or is will new hardware need to be acquired?
Integration
Is the new technology a stand-alone item?
Will it need to be integrated into other current installed hardware or with existing software?
Even its not being integrated into existing hardware or software, it is being incorporated in the way the company does business.
Who is going to be doing the integration and what is that cost?
Site Preparation
Are changes going to be needed in the physical location of the new technology?
Is new or additional furniture needed?
Is the electrical or telecommunication infrastructure adequate?
Is the environmental system?
Training
What is included in the training package?
Who gets trained?
How many?
How much time will be allocated?
Where will the training take place?
Documentation
Are you getting any?
What is included? Installation manuals? Operational manuals? User guides?
It may be of benefit to have a user guide created specifically for the company and those costs would need to be included.
Additional required products
Are any pre-existing hardware or software needed prior to installation?
Does pre-existing hardware meet the new software requirements?
Are upgrades or current hardware or software needed?
Installation
Who is doing the installation?
Are the costs in the proposal?
Cost for after installation changes and modifications?
Are other support people needed? Do they need to be on-site or on-call or would telephone support be enough?
After Installation Support
What kind of support is offered after installation?
When is the support available? 24/7? 40/5?
Response time?
How much free support, how long and how much?
Annual fees
Are there recurring annual software licensing or maintenance fees?
Is there a termination policy on maintenance contracts with an out clause?
Who can cancel contracts and time frame to do so?
These are just some of many items that may need to be evaluated when doing a technology budget.
© 2007 Steven G. Atkinson All Rights Reserved
Article Tags: annual software, entire project, new technology, technology budget, technology budget, total cost, When preparing a budget
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About the Author: Steven G. Atkinson RSS for Steven's articles - Visit Steven's website Steven G. Atkinson is a Technology Consultant based on Maryland's Eastern Shore. His goals are to assist the Small Business Owner and Office Manager in getting the correct technology for their business needs. He has written and self-published a book - Technology Tips for Small Business - to assist small businesses to better understand their technology. Technology Tips for Small Business - Website for the Book Click here to visit Steven's website Preparing a Technology Budget Do You Have a Bad Technology Habit Misconceptions About VoIP EMail Etiquette New Gadget Things You Should Do |
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