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Title: IT-Budgeting processes in Swiss banks and how they are influenced by rapidly changing regulatory requirements
Authors : Hitz, Christian
Krey, Mike
Albath, Marius
Wyss, Robin
Thoma, Per
Published in : Journal of EU Research in Business
Volume(Issue) : 2018
Issue : 785563
Publisher / Ed. Institution : Ibima Publishing
Issue Date: 2018
License (according to publishing contract) : CC BY 4.0: Attribution 4.0 International
Type of review: Peer review (publication)
Language : English
Subjects : IT-Budgeting; Swiss bank
Subject (DDC) : 004: Computer science
332.1: Banks
658.1: Organization and finance
Abstract: The budgeting processes for IT projects in Swiss banks is a subject which has remained almost unexplored to date. For the purpose of this paper, a thorough literature review was conducted to gather information on different budgeting methods and identify the current challenges that banks are facing. To find out how the various budgeting processes of banks support their ability to react to fast-changing market conditions, how they differ from each other, and to identify the main problems of individual budgeting processes, interviews with five banks were conducted. While, on the whole, Swiss banks were found to be well-prepared for fast changes in the markets, a strong link to their IT project budget processes could not be confirmed. In addition, Swiss banks use traditional budgeting methods in combination with improved budgeting methods. A number of problem areas were identified for current budgeting processes; these include planning accuracy as well as implementation and business IT alignment.
Departement: School of Management and Law
Organisational Unit: Institute of Business Information Technology (IWI)
Publication type: Article in scientific journal
DOI : 10.21256/zhaw-3396
ISSN: 2165-9990
Appears in Collections:Publikationen School of Management and Law

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