https://ciogrid.com/qa/how-can-you-manage-it-budgets-during-times-of-economic-uncertainty/

Rank Projects by Necessity
Prioritization is key when dealing with any budget, whether money- or time-based. Compile a list of each department’s desired IT projects, including the requested timeline, estimated cost, and their business case. Include your list of vital cybersecurity tools and IT operational must-haves. Run down the list as unbiasedly as possible and rank them by level of necessity and/or ability to move the organization forward. Keep an eye out for requests from different departments that can be supported by the implementation of a single upgrade, even if it is a larger project. This larger upgrade may cost more by itself; however, satisfying multiple objectives will save you budget in the big picture.

