Cost Guide: How to Manage IT Costs Effectively
In this article, you will learn effective ways on how to manage IT costs. Recently, IT departments face increasing pressure to reduce costs while maintaining high-quality services. A McKinsey and University of Oxford study found that large IT projects, on average, run 45% over budget and 7% over time while delivering 56% less value than predicted. This alarming trend emphasizes the need for effective IT cost management strategies.