This paper covers the objective of the
Financial Management in ITIL to manage the IT services effectively. Finance,
Budget, Resources plays key role in benefiting any IT service organization. For
any IT Services Organization to function with maximum ROI, it is important to
decide the budget, or the cost factor required to give out the services i.e. to
analyze the funding required. After the funding is decided the resource
allocation to deliver the best as per industry standard is a must for which the
financial management plays a vital role. Detailed cost analysis of these
various factors as well as the change in the IT services due to evolving
technologies, financial management is very important to the overall success.
This paper further discusses the sub-processes that are being part of the
Financial Management and their overall impact on service delivery with to the
end customer in the most economical way.