Gartner Research

Run IT as a Business Using Six Pillars of Effective IT Financial Transparency

Published: 09 April 2013

ID: G00238696

Analyst(s): Jim McGittigan

Summary

IT financial management initially focused primarily on managing the IT budget. The six pillars presented here extend the focus of IT financial management beyond budgeting to enable the CIO and IT leaders to effectively run IT as a business and provide effective financial transparency.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Review the Six Pillars and Assess Where Your IT Organization Is Doing Well and Where It Needs to Improve
    • Pillar 1: IT Budgeting — Managing Multiple Views
    • Pillar 2: Investment Planning — Effective Project Financial Management
    • Pillar 3: Chargeback/Showback
    • Pillar 4: Benchmarking IT Costs
    • Pillar 5: IT Cost Optimization
  • Assess Your Performance in Each Pillar by Asking Key Questions
    • Pillar 1: IT Budgeting — Managing Multiple Views
    • Pillar 2: Investment Planning — Effective Project Financial Management
    • Pillar 3: Chargeback/Showback

Recommended Reading

©2020 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Purchase this Document

To purchase this document, you will need to register or sign in above

Become a client

Learn how to access this content as a Gartner client.