Analytical Diaries

It’s going to be the same again. The project manager’s year-end rallies have begun. Usually in October cost saving and “meet-the-annual-budget” frenzy are on the top of every banker’s agenda. While the overall spend for information technology in banks amounts to large numbers, the effort and energy to manage these large amounts is equally fascinating. And also regularly the budget barrier will not just be met, but with over- and out-performers at the helm it will be way underused. But beware – that is not ideal for next year’s budget – so we have to enter the second phase of our annual year-end-rally: It’s spend-to-protect-next-year-status time and all the remaining money needs to find some proper use – and guess what – IT projects often are the perfect target for this phase.

So let’s scrape it up and look forward to this annual rule of large companies and their fickle little service providers. We’re here to help, at your service, and we are sure to advise a good strategy to take care of your financial left-overs.