Life cycles are the useful financial life of an item. For example, the useful financial life for hardware is 2-5 years. Better educates teachers, departments, and administrators. The life-cycle approach is just one approach to budgeting. Budgeting bridges the gap between the strategic plans of the school and technological side.
Budgets are the link between the plans and actions.
They translate strategic plans into the financial resources necessary to implement the plan. It is very important that a funding plan balance expenditures. It is very easy to overspend on hardware and leave too little for staff development, instructional materials, and technology support. It is important to develop a financial plan that includes a realistic amortization model for infrastructure, maintenance, and support services. After all the costs have been identified, the next step is to match the costs with an appropriate funding stream.