article thumbnail

What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

Information technology (IT) runs most businesses. Managing information costs and managing information security for those costs are part of making an IT budget. First, we need to understand what an IT budget is, how often they’re made and what is the best size for one. What Is an IT Budget?

Budget 338
article thumbnail

IT Service Management (ITSM): Frameworks, Processes & Phases

ProjectManager.com

Information technology (IT) involves the use of computers, digital storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange electronic data. IT service management (ITSM) is the process of how those services meet the needs of the end users who employ them.

Process 325
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IT Financial Management (ITFM) Best Practices

ProjectManager.com

Information technology (IT) has found its way into almost every aspect of our lives, both professionally and personally. IT financial management is made up of the processes and tools that are needed to manage and analyze IT costs. What we might take for granted actually involves a great deal of work and investment.

article thumbnail

What are the Risk Management Roles in Projects and Programs?

Project Risk Coach

This often comes in the form of completing the project on time, within budget, and within scope. Organizational Structure Type Project Manager’s Authority Project Manager’s Role Who Manages the Project’s Budget? Information Technology) or in a Project Management Office (PMO). That depends on the organization.

article thumbnail

How to Manage Auditability (and other non-functional, non-technical requirements)

Rebel’s Guide to PM

Consider the following attributes of a modern transaction processing system, whether located on a server in the corporate data center or delivered as Software-as-a-Service in the Cloud. Requirements associated with each of them may be a consideration for your next information technology project. Auditability.

2014 337
article thumbnail

Information Technology Risk Management

Herding Cats

Projects without risk management are late and over budget before they start. Information Technology Risk Management from Glen Alleman. Information Technology Risk Management from Glen Alleman. Information Technology Estimating Quality. Risk Management is How Adults Manage Projects - Tim Lister (IBM).

article thumbnail

Project Manager Job Description (with free copy+paste examples!)

ProjectManager.com

Project managers plan, budget, monitor and report on the project with project management tools , sometimes pitching the idea of the project or being assigned to it once it’s already been approved. A project can begin and certainly is designed to fail if there first wasn’t a plan devised to see it through, on time and within budget.