This course is designed to provide participants with a detailed and up-to-date overview of Financial Management in IT. It covers the IT costs, capital versus operational expenses and budgeting for IT; the financial statements, financial planning, forecasting and budgeting processes specific to IT projects; the cost-benefit analysis for IT investments and the different sources of funding; the cost management strategies in IT, project financial management and financial risk management; the return on investment for IT initiatives considering both financial and non-financial benefits; and the pricing strategies, break-even analysis, key financial metrics and KPIs to track the financial performance of IT departments.
During this interactive course, participants will learn the value chain and activity-based costing to IT services for more accurate cost management including financial statements analysis; the IT governance frameworks and the compliance with financial regulations; managing financial audits in IT environments; the methods to achieve cost transparency and the role of CIOs and IT leaders in financial management; the IT governance and financial performance including the financial implications of emerging IT trends; the IT financial management with long-term business strategies and innovation funding in IT; and the sustainability, financial management, digital transformation and financial models.