The budgeting processes for IT projects in Swiss banks is a subject which has remained\nalmost unexplored to date. For the purpose of this paper, a thorough literature review was\nconducted to gather information on different budgeting methods and identify the current\nchallenges that banks are facing. To find out how the various budgeting processes of banks\nsupport their ability to react to fast-changing market conditions, how they differ from each\nother, and to identify the main problems of individual budgeting processes, interviews with\nfive banks were conducted. While, on the whole, Swiss banks were found to be wellprepared\nfor fast changes in the markets, a strong link to their IT project budget processes\ncould not be confirmed. In addition, Swiss banks use traditional budgeting methods in\ncombination with improved budgeting methods. A number of problem areas were identified\nfor current budgeting processes; these include planning accuracy as well as implementation\nand business IT alignment.
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