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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. To accomplish this requires financial governance, creating and controlling an IT budget, tracking expenses and doing cost-benefit analysis of IT investments. It’s not limited to the IT department.

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Governance and Estimating

Herding Cats

If your business is not subject to any external governance process, you’re free to spend your money as you please. Governance includes: Responsibility for a specific duty, task, or decision. The governing of IT systems has two distinct components. Information & Technology Balance Sheet - Balanced Scorecard, Zachman .

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The Pseudo Science of No Estimates

Herding Cats

estimates are the smell of dysfunction, so let's not estimate and the dysfunction will disappear." Because "we're just developers who can't even make high level estimates how much it will cost and we work for bonehead managers who can't tell the difference between a good estimate and a bad estimate," doesn't have the same ring.

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A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Project Governance. Agile Software Development for Government Software Intensive System of Systems (SISoS) , Boulder Agile Meetup, 27 July 2016. How to Develop Credible Cost & Schedule Estimate. Estimating and Reporting Physical Percent Complete on Agile Projects , DHS Cost Analysis Stakeholder Working Group, June 26, 2017.

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IT project management explained: How to run great IT projects

Planio

In fact, the digital transformation market was estimated at a whopping $731.1 with examples of IT projects) IT project management is the process of planning, organizing, running, and managing information technology projects. Real world example: Georgia puts good governance in place to help her monitor the project.

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Risk Management Frameworks in IT: A Comparative Analysis

Wrike

These frameworks involve the use of statistical techniques, probability theory, and mathematical formulas to estimate the likelihood and impact of risks, calculate expected values, and determine risk exposure. It provides a set of control objectives, best practices, and management guidelines for effective risk management and IT governance.

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No Pain, No Gain?

MPUG

In the field of information technology (IT), most people think that performing financial analyses on new projects is hard work, but it doesn’t have to be if you know what you are doing. This scorecard has evolved over time, and the Gartner Group estimates that over half of large U.S. Introduction. “No