Budget Governance
Establish oversight structures and decision rights to set IT budgets and manage allocations.
Improvement Planning
Practices-Outcomes-Metrics (POM)
Representative POMs are described for Budget Governance at each level of maturity.
- 1Initial
- Practice
- Rely on the best endeavours of assigned personnel.
- 2Basic
- Practice
- Monitor key budget processes.
- Outcome
- Some basic IT budget governance is in place.
- Metric
- % of budget related processes actively monitored.
- 3Intermediate
- Practice
- Put a formal IT budget governance structure in place with Finance function support.
- Outcome
- Reasonable governance structures exist, with IT personnel benefitting from Finance budget expertise.
- Metric
- Availability of a current IT budget oversight report.
- 4Advanced
- Practice
- Develop the IT budget governance structure to facilitate managing re-assignments within budget cycles.
- Outcome
- Established flexible governance structures exist, facilitating changes when appropriate.
- Metrics
- No. of budget changes per Qtr.
- Budget oversight reports showing re-assignment where appropriate.
- 5Optimized
- Practice
- Identify and communicate budget governance improvement opportunities across the business ecosystem.
- Outcome
- Robust and continually improved budget governance structures exist.
- Metric
- Stakeholder confidence in IT ability to deliver on budgeting.