How CIOs Can Do IT Financial Management Without an IT CFO

Published: 29 November 2018 ID: G00373207


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While every organization needs effective IT financial management practices, small and midsize enterprises unable to employ IT CFOs are at a disadvantage. This research provides guidelines on how CIOs can achieve the most from ITFM practices without a dedicated IT financial management role.

Table of Contents

  • Introduction
    • Requisites to Effective ITFM in a Small IT Organization
  • Analysis
    • Understand Your Existing ITFM Capabilities and Major Gaps
    • Build a Solid Set of Financial Reports
    • Improve Your Investment Planning Process
    • Build a List of IT Services in Client Terms
    • Benchmark IT Spend Using the Gartner ITBudget Assessment
      • Optimize Cost and Value
      • Show IT’s Contribution via a CIO Scorecard
    • Conclusion
  • Gartner Recommended Reading
© 2018 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Reproduction and distribution of this publication in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartners research may discuss legal issues related to the information technology business, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The opinions expressed herein are subject to change without notice.

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