Budgeting a digital transformation project feels like a wild guess these days, . Isn’t it?
You choose a technology consulting vendor, provide requirements and expect a quote.(OR) You hire an inhouse team, prepare roadmaps and count on their expenses. More often than not, expectations go unmet when the budget is exhausted. Common budgeting mistakes like below can be a root cause of so called failures.🚫

1️⃣. Budgeting only for product development services not for digital transformation- Missing out on adoption and awareness creation aspects to different teams.

2️⃣. Budgeting only on comparisons not with business cases- Missing out on pilot/prototype to foresee how to align on business objectives.

3️⃣. Budgeting on the GO without any right metrics in place- Missing metrics on revenue, expense, customer reviews and employee efficiency.

Add your comments on any such project budgeting experiences.📝

DM if you are stuck in budgeting a digital transformation journey.