ERIC Number: EJ799793
Record Type: Journal
Publication Date: 2007
Reference Count: 0
Preparing the Next IT Leaders: Financial Management
Goldstein, Karen L.
EDUCAUSE Quarterly, v30 n2 p61-63 2007
The next generation of IT leaders must learn to navigate the complexities of higher education financial planning and negotiation. Technology infrastructure, hardware, software, and services are very expensive to provide and will continue to be so for some time to come. Most CIOs have learned about complex IT finances the hard way--they were handed the budget along with the new job. The first step to financial success for IT leaders is to understand clearly the organization, financial structure, and processes of the institution. In this article, the author discusses the important institutional factors that IT leaders will need to understand. These factors include: (1) Revenues or the sources of funding for institutions; (2) Expenses or the cost for running institutions; (3) The economic environment; and (4) The political environment.
Descriptors: Educational Finance, Money Management, Information Technology, Higher Education, Community Colleges
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Two Year Colleges
Authoring Institution: N/A