Why ITFM Projects Fail, Part II: An IT Cost Modeling Deep Dive
The cost model is the heart of any ITFM program. When it’s working, it gives leaders clear direction on how to cut waste, reinvest […]
Tag: Cost Model
6 Reasons Why ITFM Projects Fail
An IT finance team once completed a prioritization exercise during the kickoff of an ITFM implementation. They identified 60 key capabilities they wanted the […]
ITFM Lessons from the CrowdStrike Outage: 3 Key Takeaways
Last month, a faulty update distributed by cybersecurity company CrowdStrike crashed millions of Microsoft Windows computers worldwide, leading to massive disruptions for businesses such […]
Have You Outgrown TBM? 4 Key Signs
The beginning of every IT financial management (ITFM) journey starts with a single question: How much does our organization spend on IT? As companies […]
4 Big Reasons Why CIOs Should Care About ITFM
Former GM chairman Roger Smith once famously said, “If I had all the money I spent on IT back, I could have bought Toyota […]
ITFM vs. FinOps Part 2: How FinOps and IT Financial Management Work Together
Analysts at McKinsey estimate that companies using FinOps, a cloud financial management discipline focused on cloud cost management, can reduce cloud costs by up […]
6 Rules for Long-term Showback or Chargeback Success
In recent weeks, we’ve covered two crucial topics around the process of building a new showback or chargeback model: the differences between showback and […]
3 Bill of IT Execution Strategies for Showback or Chargeback
There are three core phases necessary to launch a new showback or chargeback and deliver it as a bill of IT. First, the organization […]
IT Financial Management Beyond Spreadsheets
Let’s face it. As IT Finance practitioners, we love Excel. It’s flexible, familiar, predictable…it’s what we know. But as IT spend grows, so do […]