Remove Governance Remove Infrastructure Remove Monitoring Remove Risk Management
article thumbnail

IT Financial Management (ITFM) Best Practices

ProjectManager.com

IT financial management (ITFM) covers the costs of keeping our network, servers and devices running. IT financial management is a bit more complicated than that and we’ll explain by more thoroughly defining the term. Then we’ll list the professionals who are tasked with IT financial management and their key objectives.

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 326
Insiders

Sign Up for our Newsletter

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

article thumbnail

Navigating External Factors in Small Business Risk Management

Proofhub

Small Business Risk Management If you’re thinking of starting a new business, learning how to start a t-shirt business or a marketing business is not going to be enough. Internal risk factors are those that are under a company’s control, while external risk variables are those that are beyond its control.

article thumbnail

Exploring the Benefits of an Agile Application Modernization Approach

Leading Agile

Unless you have been constantly refactoring and modernizing this asset over its history, problems begin to emerge: On-premises infrastructure costs are not competitive. You are at risk of a data breach. Assess each capability’s Business Value, Performance in Role, and Risk. Perhaps it is sold to other companies.

article thumbnail

15 Free IT Project Management Templates for Excel, Word & More

ProjectManager.com

IT teams plan hardware and software installations, upgrades and rollouts, and the tools they use are specific to working with infrastructure, information systems and computers. These IT project management templates are essential to get those jobs done properly. Try these 15 free IT project management templates today.

article thumbnail

Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

When it comes to managing them effectively, understanding the differences between projects and operations is key. Ops managers want (and seek) stability so they can manage process performance. The status quo is good but project managers keep changing things! Projects change the business. Operations run the business.

Retail 407
article thumbnail

General Conditions in Construction: Definitions & Best Practices

ProjectManager.com

If you’re a general contractor working in construction project management, you’ll need to know about general conditions. Then there are the project costs, in which general conditions offer infrastructure and resources for the general contractor and trade subcontractors to complete all project phases. We’ll get to that later.