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Day 5 - IT financial management

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> Aligning IT to the business
> Improving IT communication
> Managing IT teams
> Technology sourcing and negotiation
> IT financial management
> Course Outline

 

The IT Financial Management module provides the skills necessary for technology managers to build business cases and manage benefits and IT budgets.

 

Benefits management - identifying and measuring benefits

  • Identifying different types of business benefits
  • What to do with intangible benefits
  • Business benefit accuracy and sensitivity
  • Creating the business benefit case

Business cases for technology investment

  • Evaluating capital projects
  • the five steps of an investment appraisal
  • Discounted cash flows, return on investment and net present value
  • The levers that influence technology project success
  • Presenting business case results to senior management - IRR hurdle rates

Managing IT budgets

  • Setting and reviewing IT budgets
  • Managing budgets to deliver value to the business
  • Capex (capital expenditure) and opex (operational expenditure) and the link between them