The support you need to make good decisions about where and how to cut costs in the short term — then optimize performance in parts of the business you want to protect, and support enterprise growth by funding the right initiatives.
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Tools to manage and fund growth
Strategic cost optimization: Decide where to cut, protect and invest
Diagnose Current State
Leaders are asking:
- How can I achieve a baseline for cost optimization?
- What benchmarks can I use to support cost management initiatives?
- How can I improve financial transparency to support cost optimization?
How Gartner helps:
Compare your function’s spend and efficiency to that of your peers with Gartner benchmarks
Assess the state of your function and processes using Gartner maturity assessments
Identify where your function’s performance matters most to your business leaders using our business alignment tools
Develop Your Plan
Leaders are asking:
- Where should I look for short-term cost reductions?
- How can I identify critical resources to protect in my budget?
- How can I identify noncritical resources to reduce or eliminate?
- How can I work across functions to identify the best approach to cost optimization?
How Gartner helps:
Learn about our proven approach to strategic cost optimization — to eliminate cost in the short term, optimize what you want to protect and support enterprise growth by funding the right initiatives.
Evaluate your cost optimization ideas using decision frameworks and maps.
Prioritize functional improvements needed to support growth and align to changes in the business.
Connect with peers to share and stress-test ideas.
Execute and Drive Change
Leaders are asking:
- How can my leadership team support each other during cost reduction efforts?
- How can I ensure I get a fair deal on critical technology investments?
- How should I communicate to stakeholders about cost optimization?
- What metrics are most important to measure cost optimization success?
How Gartner helps:
Determine what technology spend you really need to meet business outcomes. Use Gartner BuySmart to rightsize technology spend.
Leverage tools such as The CIO Roadmap to Strategic Cost Optimization to effectively implement and communicate your cost optimization initiatives.
Transform processes for more effective, quality delivery against your function’s goals. Utilize technology to automate, eliminate and rationalize routine and predictable work.
Build support for your cost optimization initiatives with our advice and tools on collaboration and communication. Use Gartner cost optimization decision framework to communicate trade-offs.
Learn more about other tools you'll need to drive growth and efficiency
Benchmark your spend, efficiency and effectiveness and plot your path to improvement path
Cost-effectively manage the performance of people, processes and technology
