"... trends underscore a central conflict of business organizations today. On the one hand, the CIO is focused on minimizing IT expense. On the other, business unit managers demand higher volumes of IT resources, and better quality of services."

CIO.com, May 12, 2003

Financial management involves all aspects of how the IT organization plans for and uses the organization’s money. The classic view of IT financial management is limited to budgeting, accounting for, and charging IT expenses. While that’s certainly true, in today’s IT organizations it also includes areas such as cost estimation and the management of IT investments – which projects have the highest return (for the lowest risk) and whether they actually meet that return as they progress. Deciding which projects to run, which vendors to select, and which architectures to pursue all have financial implications.

In most cases, the full scope of these functions is distributed across many areas of the organization such as corporate finance, IT management, and project / portfolio management. In this situation, it is very easy for the policies, procedures, and incentives of these various groups to drift out of alignment. The result is that portfolio managers, functional managers, and financial analysts take conflicting positions on critical issues.

This service area addresses these Key Issues:

Business Continuity / Disaster Recovery
IT Asset Management
Telecom Expense Management
Vendor Assessment & Management
Project Portfolio Management
Business Process Management
Server Consolidation / Virtualization

Of all of the service areas with which Ingenuity works, misalignment of financial processes can have the most detrimental effect on service delivery for the IT organization. Ingenuity can help ensure your IT finances are aligned with your architecture and process, and that all stakeholders are in accord on key decisions.