IT Cost Management

“There’s a new idea called multisourcing,” he says. “You have multiple vendors who are specialized in certain areas to provide some of your niche services. It allows [the internal] IT department to focus on their core business and the things they need to help them run the company.”

5. Staging Projects

The final suggestion is not revolutionary, but it’s still a good point: Don’t cancel projects, just stretch them out over a longer time period.

“In order to continue to meet deliverables, a lot of our clients are staging projects,” Nauen says. “They’re not trying to do everything at once. There are a lot of postponed projects, a lot of slowdowns. There’s a lot of development, as opposed to deployment phases.”

While that’s not what anyone really wants to hear, it still moves businesses closer to their long-term goals—and that’s good news.

This article was published originally as “Cost Management” in the September 2009 issue ofTwin Cities Business on page 81.