Financial

According to ITIL, the goal of Financial Management for IT Services (ITFM) is to optimize the cost of IT Services while taking into account quality and risk factors. The analysis balances cost against quality and risk to create intelligent, metric-based cost optimization strategies.

Balancing is required since cost-cutting may not be the best strategy to deliver optimum consumer outputs.

ITFM is a discipline based on standard financial and accounting principles but addresses specific principles that are applicable to IT services, such as fixed asset management, capital management, audit, and depreciation.