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متابعة

IT Financial Management: What vs. How?

<p><span>Most enterprises understand the benefits that can be derived from increasing IT cost transparency, managing IT like a business, and improving the interaction between IT and business units. Yet, despite the inherent understanding behind these admirable goals, many IT financial management initiatives and implementation projects fail to live up to expectations. They either miss their expected goals, or worse, completely fail.</span></p>

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تم إضافة السؤال من قبل Rashid Mehmood FCCA , Finance Manager , Al Ghaith Industries
تاريخ النشر: 2014/10/14
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

With reference to:Managing IT like a business, and improving the interaction between IT and business units.

Despite the inherent understanding behind these admirable goals, many IT financial management initiatives and implementation projects fail to live up to expectations. They either miss their expected goals, or worse, completely fail.

Industry analysts have substantiated this claim for years, indicating that on an IT management that there is a gap between desired goals and operational execution; expectations are not met.

Applying discipline to the IT financial management {ITFM) process is a big part of the solution to this pervasive problem.   

 

Rashid Mehmood FCCA
من قبل Rashid Mehmood FCCA , Finance Manager , Al Ghaith Industries

Applying discipline to the IT financial management {ITFM) process is a big part of the solution to this pervasive problem. In fact, a robust financial management process is the cornerstone of improving and sustaining IT management maturity. The successful implementation of any IT financial management solution requires an understanding of the difference between what you are implementing and how you and your team are going to implement it. Just as important—for everyone on your team—is to grasp which one comes first. In other words, an enterprise needs to fully understand the imperative (the “what”) versus the means (the “how”) to effectively increase maturity in IT financial management processes in order to attain a desired stage of IT maturity.

Tamer Elbeshbishy
من قبل Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

Agree with Mr VENKITARAMAN and Mr Mohammed

المزيد من الأسئلة المماثلة

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟