Managing the IT Budget

There are many challenges associated with managing the IT budget, including, for example, unplanned cost escalation, the cost of maintaining legacy systems, and management reluctance to invest strategically in new technologies. The Managing the IT Budget macro-capability looks at the practices and tools that can be used to establish and control a sustainable economic funding model for IT services and solutions.

Critical Capabilities

BGMBudget Management: The Budget Management (BGM) capability is the ability to oversee and adjust the IT budget to ensure that it is spent effectively.
BOPBudget Oversight and Performance Analysis: The Budget Oversight and Performance Analysis (BOP) capability is the ability to compare actual IT expenditure against budgeted IT expenditure over extended time periods. Where appropriate, it offers management the opportunity to reprofile or reprioritize budget forecasts and allocations.
FFFunding and Financing: The Funding and Financing (FF) capability is the ability to determine the funding level required for IT and to allocate it appropriately.