Basic business skills include simple tasks such as learning to use Excel to build a basic budget and navigating internal business systems such as procurement, capital expenditures (CapEx) and contracts. Some skills are the same everywhere (e.g. Excel) and some require study of the internal organization (e.g. procurement). Understanding CapEx means being able to understand what is or isn’t a capital expenditure (e.g. some hardware purchases may be) within your organization and knowledge of your organization’s depreciation process.
Statistics for IT Budgeting and Financial Skills In IT Operations Capital Expenditure (CapEx)