Business financials
Understanding the financials of a business is important for a network architect because it allows them to make informed decisions about the network infrastructure that align with the organization’s financial goals and budget allocation for IT services. The frequency of budget allocation for IT may vary depending on the organization and its budgeting process. In general, budget allocation for IT is typically done on an annual basis, as part of the organization’s overall budgeting process.
However, some organizations may allocate budgets for IT on a more frequent basis, such as quarterly or semi-annually, particularly if the organization is undergoing significant changes or growth that require additional IT resources.
The IT budget may be revised or adjusted throughout the year as needed, particularly if there are unexpected changes or events that have an impact on an organization’s financial situation or IT needs.
Several key terms are...
