Deciphering the Buzz About IT Cost Visibility

Anyone who works in IT financial management for more than two weeks has come across the phrase, "Transparency through cost visibility." It's more or less a buzzword -- or a buzz phrase, as the case may be. But how do you implement a cost visibility project that reinforces accountability?

Actionable Data

The story has been well-told in the book "Moneyball," with the movie of the same name. By looking at data in a different way -- by digging for information on players that others missed, searching for details in the numbers that can be quantified -- foregoing the hunches and the guesswork -- the A's continue to build a winning team year after year.

Managed Services for IT Financial Management

When a meeting with a prospective client starts with an apology, it's a little disheartening. Thankfully, this trip was not in vain. The gentleman whom we met with did not know the myriad of services Nicus offers. In preparation for our meeting, he determined his company was too small to benefit from an implementation of M-PWR and he did not have the personnel to manage the practice.

What’s the Forecast?

While speaking to a college class last week, I asked the students a question : What profession needs to make an accurate forecast? The usual answer is weather. Students often think quite literally when the question is posed. But last week I had a surprise. A young man who plays on the college's football team said sports requires accurate forecasting.

Avoid the Pitfalls of Benchmarking

When done correctly, benchmarking can be a useful practice. Benchmarking can lead to performance improvement and can help an organization take a new approach to goal setting. However, the benchmarking process is often flawed in many organizations.