Another role that a systems analyst occupies is financial budgeting. It is the responsibility of the analyst to make sure that budgets and spending are adhered to. As for any business activity or strategy it is important to prepare a budget. A systems analyst should have the necessary skills to create one and to be able to estimate the cost of building and implementing different types of information systems. Budgeting skills are keenly sought in today’s job market. Even before the recession hit a majority of systems would come in over budget with a sometimes worrying culture of spending developing.
Hence financial forecasting and good planning are all desirable traits in a systems analyst. It is the role of a systems analyst to examine past budgets in order to get a clearer insight on how costs can be managed. A systems analyst should also analyse accounting records to determine the financial resources required to implement a program or new system. The analyst should also submit budget recommendations as to where funding should be allocated in the implementation of the system. A systems analyst also researches, analyzes, and selects appropriate equipment and construction systems which meet the system requirements