7 Tips for Understanding the Total Cost of Ownership When Acquiring Applications

Other internal expenses to consider budgeting for include:
* an increase in payroll or overtime to complete the project;
* the hiring of temporary labor or outside resources, such as consultants or programmers; and
* upgrades to other network hardware or the rewiring of the internal network.

Formalize a full budget before proceeding, being sure to build in sufficient dollars for items such as services, programming and training that may not have been sufficiently budgeted for by the vendor. By clearly defining your budget, you can avoid being one of the 49 percent who exceed their IT budgets.