It Costs - Management and Monitoring Controls Structure

Abstract

IT costs (whether capex/opex/outsourced) incurred in an organisation are all pervasive in nature and hence organisations must involve cross functional teams to structure the present and future needs. It requires vast knowledge in business and market needs, visualisation of tech trends, regulatory compliance, vendor capability, cost effectiveness and user adaption. It is essential to capture requisite quantitative and financial data to monitor the metrics and continuous reporting from IT Strategy to implementation and adaption.