Financial Management diagram

Provides cost details of providing services to meet business requirements

Cost analysis(IT Accounting)

Has to be simple fair and realistic

Provides details to justify the IT investments and expenditure

Influences customer behavior

Balance the quantity Services with the needs and resources of the customers

minimize the risk of overspending

IT Operational plan(incl. Budgets)

Process of ensuring the correct monies are available for the provision of IT services

Includes*budgeting guidelines*charging policies*investment guideline

Business IT requirements

Ensure the actual spends can be compared against predicted

Monitor and control performance against predefined targets

Track actual costs against budgets

Charges

Make formal evaluations of IT Services and plan for investment based on cost recovery and business benefits