The goal of Financial Management is to ensure proper funding for the delivery and consumption of services through cost effective stewardship of the Service Assets and Resources used in providing IT Services, fully accounting for the Total Cost of Utilization for those IT Services, and attributing these costs for the services delivered across the organization’s Customers.
To achieve this goal the Office of the CIO aims to pursue the following objectives:
- Provide operational visibility, insight, and superior decision making to the enterprise
- Provide the Business and IT with the quantification, in financial terms, of the value of IT Services, the value of the Assets underpinning the provisioning of those services and the qualification of Operational Forecasting
- Provide a central point for monitoring and collecting data associated with actual expenditures versus budget
- Generate meaningful critical performance data used to support strategic decision making within the organization
Financial Management Process Owner: Clay Michalowski (michalowski.1)
Access the following link for the high level Financial Management Process Document or use the Process Portal resource to see the OCIO Process Documentation repository.