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Do you find it challenging to manage your Information Technology (IT) functional spending? Is your IT spending annual growth rate too high? Does your management team question the value gained from your IT investments? Is it difficult to prioritize all of your IT requirements within an affordable budget? Do your IT projects frequently run late and over budget? These are all challenges frequently faced by companies as they manage their budget and forecasting cycles.

With the technologies that are increasingly available today, companies should look at IT as an investment for competitive advantage. By effectively managing IT spending, companies can gain an advantage in demand generation, time to market, ease of doing business, and customer service. This can directly benefit your company’s top line and bottom line financial performance, increasing shareholder value.

This course provides methods and techniques that will help you better understand, measure, and manage your IT spending while investing for competitive advantage. You learn eight specific methods that can be applied in solving common IT financial management challenges. These methods can be applied individually or collectively. This course is intended for professionals in Finance, IT, Business Transformation, Business Process owners, and General Managers interested in more effectively managing their IT spending and achieving more business value from these investments.

Learning Objectives

  • Review eight specific methods that can be applied in solving common IT financial management challenges.
  • Be able to categorize IT spend to make business measurements more meaningful and actionable.
  • Be able to place a financial value on IT investments to incent the correct management behavior.
  • Implement a framework for IT project management for prioritization of resources and provide early warning for project overruns.
Last updated/reviewed: June 02, 2018

14 Reviews (63 ratings)Reviews

4
Member's Profile
I am an IT Financial leader, so I am tough on grading this. I felt some items were not consistent or complete in presentation. E.g: no mention of facilities in categories, didn't address the depreciation on the assets, SOP 98 mentioned, but no guidance details. Otherwise, I was impressed with the organization of the topics covered in a 1.5 hour CPE session. Nice job!
5
Member's Profile
Fascinating course for any contributor to the overall success of Finance and I.T. Provides a high level explanation of the strategic challenges that leadership faces daily when attempting to evaluate the top needs of any successful organization.
4
Anonymous Author
Good content and visuals. The choppy cadence of delivery required extra effort to put three or four phrases together in my mind to make a coherent sentence, where a conversational cadence would have been automatic.
4
Member's Profile
Being new to the finance world it is great to see how leaders think about this. It gives me a better understanding of what they are looking for, how to speak their language, and how to better drive for results.
4
Anonymous Author
Great review of how IT and Finance should work together to drive efficiencies and create value for an organization.
5
Anonymous Author
Excellent course in reviewing the basics for IT Finance. Great overview of what's important for an IT organization.
5
Member's Profile
Great overview of key methodologies to keep in mind when managing IT expenses in an operational methodology
4
Member's Profile
Helps to put the connection together between the groups and how they can work together.
5
Anonymous Author
I found tools to use in management the department going forward.
4
Member's Profile
Great course in understanding the IT and Finance relationship.
4
Anonymous Author
Very good recap of learnings over many years - great content.
5
Anonymous Author
Great resource for a financial professional
5
Anonymous Author
Very informative and fairly comprehensive
Member's Profile
last half requires more explanation

Prerequisites

Course Complexity: Intermediate

Prerequisite: Exposure to information technology

 

Advanced Preparation: None

 

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
Finance Partnership with Information Technology
  9:17IT Spending Baseline
  8:01IT Project Management
  5:40Business Case Format in Excel
  3:01IRR and NPV Formulas in Excel
  7:25Can Cloud Help?
  9:36Financial Aspects of the Data Center
Recap and Conclusion
  4:59IT Value Recap
  3:14Course Summary
Continuous Play
  59:01Finance & IT: IT Investing for Competitive Advantage
SUPPORTING MATERIALS
  PDFSlides: Finance Partnership with IT
  PDFFinance Partnership with Information Technology Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM