Parent Process Reference Framework: ITIL
Parent Life Cycle: Service Strategy
Financial Management for IT Services
Financial management for IT services is the process responsible for managing an IT Service provider’s accounting, budgeting and charging requirements. It is also the process that is used to quantify the value that IT Services contribute to the business.
IT Financial Management will be a sub-set of organisational level Financial Management practices. The Financial Management will be governed by Regulatory requirements and Enterprise policies.
Cost model –Direct cost, Indirect cost
Cost types: Hardware, software, people, facilities
Cost classification: Capital and Operational costs,
Analysis of previous budget
Cost and revenue estimation
Short term courses on “Finance for non-finance personal”
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