People-Centric Planning in Technology Funding

This white paper discusses the evolution of technology funding approaches, emphasizing the need for a shift from traditional project-based funding to people-centric planning. It outlines the challenges organizations face with legacy funding models that create inefficiencies and hinder agility. The paper explains that as technology becomes increasingly integrated with business operations, the funding strategies must adapt to support ongoing application development and enhancement rather than treating them as one-time projects. Key principles for successful people-centric planning are presented, including the importance of persistent funding, organizing teams around products, and aligning objectives with business goals. The document also addresses obstacles to implementing this approach, such as outdated accounting standards, reliance on manual data collection, and the necessity of trust between leaders and technology teams. By adopting a people-centric planning model, organizations can better navigate the complexities of modern technology demands and improve their overall effectiveness.