Skip to Content
Practical IT Service Management, 2nd Edition
book

Practical IT Service Management, 2nd Edition

by Thejandra BS
February 2014
Intermediate to advanced
279 pages
4h 47m
English
IT Governance Publishing
Content preview from Practical IT Service Management, 2nd Edition

CHAPTER 18: FINANCIAL MANAGEMENT FOR IT SERVICES

‘When I had youth I had no money; now I have the money I have no time; and when I get the time, if I ever do, I shall have no health to enjoy life.’

Louisa May Alcott

What is IT financial management?

Financial management is the process of budgeting, accounting and charging for IT services. The objective of the IT financial management process is the proper management of monetary resources to support the organisation’s IT goals. Financial management ensures that any solution proposed by IT services to meet the requirements defined in service level management, is justified from a cost and budget standpoint. Financial data provides the costs associated with the business to make decisions regarding ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

A Practical Guide to Service Management

A Practical Guide to Service Management

Keith D. Sutherland, Lawrence J. Butch Sheets

Publisher Resources

ISBN: 9781849285476