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

2Basic

• Practice

  Define a basic process for monitoring IT spend across some budget categories.

  Outcome

  A basic monitoring process can be applied to compare actual spend to the budget for some budget categories.

  Metric

  % of budget categories with actual spend captured and reported.

3Intermediate

• Practice

  Adopt a standardized process for monitoring IT spend, primarily between the IT and Finance functions, and systematically report any IT budget variances.

  Outcomes

  • Monitoring processes allow budget variances to be seen and highlighted to the IT and Finance functions.
  • Actual spend can be compared with planned expenditure with increasing ease.

  Metrics

  • % of budget categories with actual spend captured and reported.
  • Size of budget variance.

4Advanced

• Practices

  • Comprehensively monitor actual IT spend and review it against planned expenditure.
  • Share the results across the organization.

  Outcomes

  • IT budget performance is proactively monitored and reported.
  • Variances are highlighted to all relevant stakeholders.

  Metrics

  • % of budget categories with actual spend captured and reported.
  • Size of budget variance.

5Optimized

• Practice

  Regularly incorporate inputs from relevant business ecosystem partners when monitoring and reviewing actual IT spend.

  Outcomes

  • All relevant inputs are captured when computing the actual IT spend.
  • Regular monitoring of the IT budget performance and active management by IT provide budget headroom for investment in innovation.

  Metrics

  • % of budget categories with actual spend captured and reported.
  • Size of budget variance.