Do you find it challenging to manage your Information Technology (IT) functional spending? Is your IT spending annual growth rate too high? Does your management team question the value gained from your IT investments? Is it difficult to prioritize all of your IT requirements within an affordable budget? Do your IT projects frequently run late and over budget? These are all challenges frequently faced by companies as they manage their budget and forecasting cycles.
With the technologies that are increasingly available today, companies should look at IT as an investment for competitive advantage. By effectively managing IT spending, companies can gain an advantage in demand generation, time to market, ease of doing business, and customer service. This can directly benefit your company’s top line and bottom line financial performance, increasing shareholder value.
This course provides methods and techniques that will help you better understand, measure, and manage your IT spending while investing for competitive advantage. You learn eight specific methods that can be applied in solving common IT financial management challenges. These methods can be applied individually or collectively. This course is intended for professionals in Finance, IT, Business Transformation, Business Process owners, and General Managers interested in more effectively managing their IT spending and achieving more business value from these investments.
Learning Objectives
- Review eight specific methods that can be applied in solving common IT financial management challenges.
- Be able to categorize IT spend to make business measurements more meaningful and actionable.
- Be able to place a financial value on IT investments to incent the correct management behavior.
- Implement a framework for IT project management for prioritization of resources and provide early warning for project overruns.
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Prerequisites
Prerequisite: Exposure to information technology
Advanced Preparation: None