Clarity PPM Fundamentals by Rama Velpuri & Arpit Das

Author:Rama Velpuri & Arpit Das [Velpuri, Rama & Das, Arpit]
Language: eng
Format: epub
Tags: Computers, Computer Science, General, Enterprise Applications, System Administration, Information Technology
ISBN: 9781430235576
Publisher: Apress
Published: 2011-12-28T05:00:00+00:00

Financial management in IT allows for better allocation of funding based on predefined parameters. There is greater transparency because executives have a view of where the money is being spent. The balance between discretionary and nondiscretionary spends is likely to be healthier if sound processes are adopted. The importance of financial management can never be overstated from a regulatory and compliance standpoint. It also provides the ability to identify loss-making projects for corrective measures to be taken. Therefore, understanding and adopting IT financial management practices ensures greater predictability in business.

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