The Gartner decision framework for prioritizing cost optimization initiatives considers not only the potential benefits (in terms of cash savings), but the impact on the business, time requirements, degree of organizational and technical risk, and investment required.
The objective is quality decision making: “The decision framework equips leaders to pick the best ideas, instead of just focusing on those that come to mind first,” says Sanil Solanki, Managing Vice President, Gartner.
Gartner decision frameworks enable you, through a combination of scoring and executive judgment, to identify key cost optimization initiatives to implement over time.
- Assess the level of impact across six decision factors/criteria (e.g., financial impact, risk).
- Evaluate the trade-offs between the benefits, costs, risk and viability of cost optimization initiatives.
- Map your cost optimization initiatives on a simple grid to show the trade-offs and build buy-in.
Urgent budget pressure is real, but the goal remains to make short- and midterm cost decisions that enable you to adjust to and sustain through unknown scenarios — and don’t jeopardize your long-term health and strategic objectives.
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For questions – Please Contact Susan Buytenhuys, Gartner State of CA - Managing Client Director - 916.281.5145 - Susan.Buytenhuys@gartner.com