After the costs are identified, school districts should benchmark against other school districts. This will help to ensure that all costs get included. Again, it is important to have the right cross-team of stakeholders, so that the team can agree on what is mission critical and what is long term. Advantages of planning and budgeting Planning and budgeting for technology are critical, because they help clarify goals and strategies for the school district, make assumptions explicit, and build consensus. One popular approach is life-cycle budgeting.
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.