Highlights from CXO’s IT Spending and Lessons Learned Survey

1 Was your 2001 IT budget increased, decreased or did it remain the same as your 2000 IT budget?

29.3%kept the same IT budgetin 2001

20.9% decreasedtheir IT budgetin 2001

49.8%increasedtheir ITbudgetin 2001

2 How are you reducing IT expenses?3

Postponing IT projects 40.1%

Tougher vendor negotiations 38.4%

Consolidating vendors 35.7%

Hiring freeze 26.2%

Reducing head count 25.2%

4 In your opinion, during a slowing economy, should companies reduce or increase IT spending?5

13.8%reduceIT spending

24.5%increaseIT spending

61.7%thought companies should maintainIT spending

6 In your opinion, during a slowing economy, should companies reduce IT spending? (percentage answering affirmatively by title)7

CFOs 26%

CIOs 15%

CEOs 6%

COOs 6%