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Budget Processes

A2

Develop processes to manage budget planning and expenditure (such as processes to manage stakeholder involvement, processes to align the budget planning with business planning cycles, processes to manage payments, and so on).

Improvement Planning

Practices-Outcomes-Metrics (POM)

Representative POMs are described for Budget Processes at each level of maturity.

1Initial
  • Practice
    Rely on the best endeavours of assigned personnel.
2Basic
  • Practice
    Define a budget creating process.
    Outcome
    The budget creation process is available and can be applied in IT.
    Metric
    % of Stakeholders involved in process definition.
3Intermediate
  • Practice
    Engage with some stakeholders from other parts of the business in the IT budget process.
    Outcome
    The budget process is improved due to external stakeholder input.
    Metric
    % of budget categories engaging with external stakeholders.
4Advanced
  • Practice
    Involve all stakeholders in IT budget planning and align the cycle with business planning cycles.
    Outcome
    The budget process includes broad IT engagement, and input from the rest of the business.
    Metric
    % of budget categories implementing a budget process in alignment with business planning cycles.
5Optimized
  • Practice
    Continually refine the budget management process in response to feedback.
    Outcome
    Senior stakeholders can rely on the budget management process to jointly manage the budget as part of the normal business planning process.
    Metric
    % of stakeholders satisfied with the budget management process