Gartner Research

How CIOs Can Do IT Financial Management Without an IT CFO

Published: 29 November 2018

ID: G00373207

Analyst(s): Jim McGittigan

Summary

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
  • Key Challenges

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

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