Proposed role. Comprehensive and the most accurate cost analysis

Proposed paper covers the objectives and
role of a Financial Management in ITIL framework to govern the IT services
effectively. Proper allocation of Finance, Budget, Resources are critical
factors contributing towards the profit of any IT service organization. For IT Services
Organization to operate with highest ROI, it is crucial to finalize on  the budget, or the cost factor required to deliver
the services i.e. to analyze the funding required. Once 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. Comprehensive and the
most accurate cost analysis of these factors to avoid the financial risks, as
well as, the change in the IT services due to evolving technologies, financial
management is very crucial 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 to the end customer in the most economical
way.