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March 12, 2009
 A Model for Calculating Your Return-on-Investment
When Investing in Technology
Presenting at the 2009 Best Management Practices
Institute in Clearwater Beach, Florida, OPEN MINDS senior
associate, Joe Naughton-Travers, led the attendees through a model for
calculating return-on-investment beginning with establishing the basic
components of an information technology (IT) budget. Typical on-going
information technology budget components include:
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IT staff and benefits
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Software and software upgrade costs
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Hardware and networks and upgrade costs
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Telecommunication/connectivity costs
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Internet access costs
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OPEN MINDS