Service Strategy, Financial Management in ITIL, ITIL Course
Service Strategy, Financial Management in ITIL, ITIL Course
Service Strategy
Financial Management
The Financial Management process provides cost effective management and control ofIT assets and financial resources used in providing IT services.
Purpose
The purpose of financial management for IT services is to secure the appropriate level of funding to design, develop and deliver services that meet the strategy of the organization.
Objectives
Financial Management generates meaningful critical performance data.
Most importantly,this gives an organization insight in the cost of IT, and the cost of a specific service. This insight will help in determining investments and possible chargeback models.
Financial Management deals with budgeting, planning, revenues, cost and market analysis. This helps in quantifying the value of IT services and value of service provisioning assets.
Scope
Financial management consists of…
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