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.
- 2Basic
- Practice
- Establish compliance/audit-orientated IT budget oversight structures, primarily driven by the Finance and/or legal functions.
- Outcome
- Some basic IT budget governance is in place.
- Metrics
- % of budget-related processes actively monitored.
- # of budget changes per quarter.
- 3Intermediate
- Practice
- Establish performance orientated IT budget governance structures, staffed by the Finance and IT functions.
- Outcome
- Reasonable governance structures exist, with IT personnel benefiting from the Finance function's budgeting expertise.
- Metrics
- % of budget-related processes actively monitored.
- # of budget changes per quarter.
- 4Advanced
- Practice
- Provide cross-functional staffing for governance of the IT budget and ensure it is fully integrated with appropriate governance functions of the wider organization.
- Outcome
- Flexible governance structures exist that facilitate changes when appropriate.
- Metrics
- % of budget-related processes actively monitored.
- # of budget changes per quarter.
- 5Optimized
- Practice
- Continually improve governance structures based on prior experience and on regular input from relevant business ecosystem partners.
- Outcome
- Robust and continually improved budget governance structures exist.
- Metrics
- % of budget-related processes actively monitored.
- # of budget changes per quarter.