Learning Objectives:
- Gain insights into the advantages and disadvantages of usage and activity-based costing methods
- Understand the role of ITIL in facilitating IT costs
- Discover how an integrated costing method can give you a clearer understanding of the IT process and costs
Program content
In public sector organizations the infrastructure of Information Technology (IT) is a capital-intensive production facility that produces information. Sid Finehirsh, an expert in IT costing systems, will explore the concept of a public sector organization's IT department as an information factory. This seminar will provide the opportunity for government organizations to learn best practices and proven methods for measuring the value of IT and associated costs. In addition, he'll address the role of the Information Technology Infrastructure Library (ITIL) as a financial management processing standard to facilitate IT costing.
The information factory metaphor allows us to go beyond simply making the case against simple allocations and begin to analyze costing methodologies. This seminar will examine the advantages and disadvantages of several IT costing methods used by public sector organizations including simple allocations, usage-costing, and activity-based costing. Do these methods give a true picture of the costs of producing information in the organization's information factory?
Finehirsh will describe how integrating usage-based and activity-based costing can provide government departments and agencies with a powerful analytic solution for understanding the IT process, its value and the way IT can deliver cost effective services.
Participant level of understanding
This program is intended for participants with a basic or intermediate level of understanding on the topic.
Prerequisites:
There are no prerequisites for this seminar.
Advance Preparation
There is no advanced preparation required for this seminar.
Who Should Attend?
Executives, Directors, Managers, and Analysts responsible for financial management of their IT environments, interested in implementing or modifying an IT Costing and Chargeback system, and/or want a better understanding of the IT Costing discipline.
About Sid Finehirsh
Sid Finehirsh, president and founder of the CMX Group, is a recognized authority on IT measurement, cost allocation, and chargeback. Sid is ITIL certified and regularly conducts seminars and presents at numerous industry conferences. He has published articles and columns in various journals and conference proceedings. His recent efforts have targeted strategies for the application of IT Costing & Chargeback methodologies to on-demand computing, server consolidation, and Web Services.
