Overview: When you talk with most IT Organizations about Financial Management, the discussion quickly turns into one of budgets and cost-cutting. But that is not the way it should be. I have seen an IT Organization receive approval for a $50M increase in the middle of a corporate wide expense reduction. How? Simple, they were able to clearly demonstrate how their IT budget was being spent in support of specific Business Initiatives. When a new Business Initiative arose that required funding, IT let the Business decide where to cut. Instead IT received additional funds to support the new Business.
You will learn the basics on creating a Financial Management system that links IT spending directly to approved Business Initiatives. It will also teach you how to change the discussion from cost-cutting to business functional support.
Areas Covered in the Session:
Who Will Benefit:
You will learn the basics on creating a Financial Management system that links IT spending directly to approved Business Initiatives. It will also teach you how to change the discussion from cost-cutting to business functional support.
Areas Covered in the Session:
- Create a Financial Management System based on business initiatives
- Conduct discussions with Business Units based on business requirements and priorities and not just total IT spending.
- Ensure your Organization understands the necessity of accurately recording and categorizing expenses.
- To move from just Cost Cutting to true Financial Management.
Who Will Benefit:
- Directors
- Senior Managers
- Program Managers
- Project Managers
