The document discusses various factors to consider when creating an IT budget, including the budgeting process, lease vs buy decisions, and priorities for IT investments. The budgeting process involves estimating costs, getting approval, tracking spending, and revising the budget. When deciding between leasing or buying equipment, considerations include predictable costs but also inventory management. Other factors that impact the IT budget are department growth, technology changes, staff needs, and hardware/software maintenance agreements. Priorities for IT investments include strategic systems, traditional systems, decision support, infrastructure, business process redesign, and maintaining existing systems.

1. BUDGETING MGT OF ISD (IMS452)