Written three-year plan . Three-year budget . Technology budgeting in the past was included in an organization s capital budget. The advancement of technology and rapid development dictate a separate budgeting process. Systems now last for 2 to 3 years rather than 5 to 10 years.
Software is updated at least annually.
Accountability and outcome assessment . This prevents management from obtaining a complete picture of the total cost of technology. Organizations should budget and account for technology expenditures for the entire organization. These numbers should then be compared to industry benchmarks. Technology management must and will continue to improve.