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Calculus of IT - Episode 11 - 2/7/2024 - "IT Survival Guide Chapters 12 & 13 - Wrapping Up the First 90 Days & Budgeting and Reforecasting"
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In Episode 11, Mike and Nate discuss Chapters 12 and 13 of the IT Survival Guide. Chapter 12 focuses on the closeout of your first 90 days, and Chapter 13 takes a deeper look at the budgeting process and reforecasting for the rest of your first year. We also spend some time discussing the moral hazard of AI and trying to answer whether it matters if "it's a human.
You can find the research appendix for the episode's discussion on moral hazard and Human-AI interactions here:
https://docs.google.com/document/d/1vJbO4UU1TDtqCmAfIHf34RC5b0O9-tuiy392dpaashk/edit?usp=sharing
Then there is the usual stuff, including Mike's new Apple VR Headset and the other shenaniganery.
Post-chapters 12/13 analysis/reflection questions:
- What budget items from your original submission could be cut or deferred during the first reforecast period?
- How do you document and defend each line item in your proposed budget, and what additional evidence could strengthen your case?
- How might you adjust your budget to accommodate another department's request for additional funding?
- What cost savings or efficiencies have you identified that could help you manage new unplanned expenses?
- How do you establish trust with finance partners to gain support for budget requests?
- What strategies could you employ to negotiate more flexible payment terms with vendors?
- How do you determine what budget flexibility to include initially to allow for adjustments at reforecast?
- How do you defend critical projects while supporting overall corporate objectives that may require budget reductions?
- What changes within your business environment should be considered in budget planning for the remainder of the year and the next year?
- How do you approach initial budgeting to ensure flexibility for future reforecasting without compromising strategic goals?
- How do you identify and prioritize potential areas for adjustment during a reforecast?
- How do you balance the need for investment in new technologies with financial constraints during budgeting and reforecasting?
- How do you defend your budget and proposed adjustments during reforecasting against skepticism or resistance?
- How do you ensure budgeting and reforecasting processes are transparent and aligned with the organization's strategic goals?
- What role does collaboration with other departments play in your budgeting and reforecasting efforts?
- How do you anticipate changes in technology or business practices impacting your budgeting and reforecasting approach?
The Calculus of IT website - https://www.thecoit.us
"The New IT Leader's Survival Guide" Book - https://www.longwalk.consulting/library
"The Calculus of IT" Book - https://www.longwalk.consulting/library
The COIT Merchandise Store - https://thecoit.myspreadshop.com
Buy us a Beer!! - https://www.buymeacoffee.com/thecalculusofit
Youtube - @thecalculusofit
Slack - Invite Link
Notta - The best audio transcriptions on the Internet
Email - nate@thecoit.us
Email - mike@thecoit.us
Kapitler
1. Introductions and General Banter (00:00:00)
2. Preamble: Moral Hazard of AI and Human-AI Interactions (00:07:56)
3. Nate Reads Chapters 12 & 13 (01:50:20)
4. Chapters 12 &13 Conclude - General Banter Continues (02:07:55)
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