Financial Management process

Definition: The Function and Processes responsible for managing an IT Service Provider’s Budgeting, Accounting and Charging Requirements.

has evolved from	Financial Management process responsible for managing an IT Service Provider’s Budgeting, Accounting and Charging Requirements
contains	Financial Management basic concepts Like its business equivalent, IT Financial Management responsibilities and activities do not exist solely within the IT finance and accounting domain. These are important interfaces between Financial Management and other ITSM activities: - Service Valuation: quantifies, in financial terms, the funding - Demand modelling uses ... Financial Management objectives IT organizations are increasingly incorporating Financial Management in the pursuit of: - Enhanced decision making - Speed of change - Service Portfolio Management - Financial compliance and control - Operational control - Value capture and creation Financial Management roles
is referenced from	[06.4] Budgeting and accounting for IT services Objective: To budget and account for the cost of service provision. NOTE In practice, many service providers will be involved in charging for such services. However, since charging is an optional activity, it is not covered by the standard.
can be mapped from	DS06 Identify and allocate costs Finanz- und Rechnungswesen PO 05 Manage the IT investment

see publication details, table of content or references of 'Service Strategy'

Source: Service Strategy (OGC)

5.1 Financial Management

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Dies ist ein Teil des Body of Service Knowledge der Continental Software GmbH, zusammengetragen aus den Best Practices der ITIL und CobiT und PMBOK Frameworks, der ISO 20000 Norm, sowie aus eigener Erfahrung.

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