IT Financial Management: Cost Transparency and Effective IT Governance

This paper provides substantive answers to the questions, with new insights into the underlying issues and a closer examination of the opportunities inherent in effective IT Financial Management (ITFM). The paper summarises the basic requirements of ITFM, highlights some of the flawed practices that have created problems, presents best practice principles and finishes with a summary of how the HP ITFM solution can help create a mature and efficient IT organisation. A proper approach to ITFM is vital for better IT investment decisions, improved financial accounting support and better allocation of IT resources.