The Financial Mythology of Information Technology: Developing a New Game Plan


New economics are driving campuses to reassess their financial strategies for managing information technology investments. Many institutions will be faced with the prospect of developing an entirely new game plan. This new plan will require collaboration among academic, financial, and technical leaders; a rejuvenation of the collective conventional wisdom on campus; a shift to life-cycle budgeting; an emphasis on technology replacement; explicit plans to recycle old technology off campus; and, most of all, a willingness to recognize and accept the significant financial challenge that evolving information technologies will bring. This article is a follow-up to "The Financial Mythology of Information Technology, the New Economics" (CEM9616).

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