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You’ve done the research on the value of ITSM, ITIL and IT Service Costing – Now what? Part II

You’ve done the research on the value of ITSM, ITIL and IT Service Costing – Now what? Part II

It’s time to evaluate yourself, other internal resources, and outside vendors to see just how exactly you are going to implement “Project Business Transparency.” Doing it in-house Since ITIL became such a commercial success, it’s ITIL® best practices are outlined in a group of training materials and books.  Although excellent training courses are available, taking all relevant courses takes time and money, and skilled certified ITIL veterans are few and far between. For a CIO or director to complete a…

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You’ve done the research on the value of ITSM, ITIL and IT Service Costing – Now what? Part I

You’ve done the research on the value of ITSM, ITIL and IT Service Costing – Now what? Part I

When asked about the current state of their IT environment, IT executives answered that they “believed that their systems did not deliver the value expected by the business.” They felt that they were “unable to provide the business with quantifiable metrics demonstrating the value of IT services and assets.” A service catalog that is properly developed and implemented is the key to unlock the value of ITSM processes to IT. Your service catalog provides full IT Transparency, and if set…

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What’s with all the talk about ITSM, ITIL and IT Service Costing?

What’s with all the talk about ITSM, ITIL and IT Service Costing?

CIOs are striving to impose formal processes on IT activities, spurred by new compliance regulations, the rise of outsourcing options, flattened budgets, a retiring SME workforce, and calls by senior management to “make IT a transparent partner to the Business – not run IT like a business.” This push has led many CIOs to begin organizing and managing IT and delivering it to the rest of the corporation in the form of well-defined, tightly-managed services. Steps to accomplish what these…

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Chargeback or Showback Benefits

Chargeback or Showback Benefits

Provide greater IT Cost Transparency to increase customer satisfaction. The concept of IT Showback or Chargeback is to provide a deeper understanding to business units of cost and their use of IT Services. Doing this enables business unit customers to effectively fund and scale IT spending to match the velocity of business change. IT Showback and IT Chargeback are two processes used by information technology (IT) organizations to allocate and/or bill the costs associated with the demand and usage of IT provided services…

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How IT Showback / Chargeback Achieves “Lean” Objectives

How IT Showback / Chargeback Achieves “Lean” Objectives

Today’s IT organizations may or may not adopt an IT Showback or IT Chargeback strategy. Regardless, they are increasingly challenged to deliver greater IT spending transparency. Such transparency allows business management to be more involved in decision making and controlling rising IT costs. The main thrusts for IT Showback and IT Chargeback can be traced to the adoption of Lean objectives. Business units are already launching internal Lean initiatives through Business Process Management (BPM) projects. From the growing knowledge and results…

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Going Beyond IT Financial Spreadsheets

Going Beyond IT Financial Spreadsheets

CIO’s must move beyond using spreadsheets to manage the business of IT. Being successful today requires IT to run like a business within a business. Why? To better meet the demands for business growth and expansive use of technology to achieve this growth. Today’s CIO must go beyond using spreadsheets and ad-hoc reports to manage finances of their organization. They must successfully transform IT into a well managed, world-class service provider. Why? — to meet head-on the demands of the…

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Gartner cites KEDARit as a top IT Financial Management Consulting Specialist

Gartner cites KEDARit as a top IT Financial Management Consulting Specialist

          We are pleased to announce that KEDARit received recognition as one of the top IT Financial Management Consulting Specialists active in the industry in Gartner’s newly released report:  “Use the Right Chargeback Formula to Keep IT Costs Competitive” In this report, Stuart Buchanan – IT Economist and Research VP for Gartner – analyzes how internal IT organizations are facing increasing competition from external providers, and why IT asset and financial managers must gather IT asset and financial data to help make IT…

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Cost Optimization Service (Cop-S™) Solution

Cost Optimization Service (Cop-S™) Solution

            Today’s CIOs are under more pressure than ever before mature their Financial Management strategy and methods to: Demonstrate IT spending value to business goals and initiatives in understandable business terms. Deliver greater cost transparency that enables line of business (LOB) owners to determine IT spending based on value and their usage of IT services and capabilities. Quickly provide cost justification and benchmarks that illustrate lower costs and IT service and capability improvements to LOB…

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Financial Management for IT Service Course

Financial Management for IT Service Course

  Today’s IT organizations require greater Financial Management for IT Service visibility and transparency about how budget dollars deliver value to line of business customers. Cost modeling approaches that are spreadsheet or project management tool based simply do not work. Today CIO’s are being required to demonstrate the value of IT spending per LOB customer. Our Cost Optimization Service Solution enables IT organizations to quickly adopt a Service Management view of IT and achieve greater alignment with LOB organizations and their…

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Six Cost Allocation Methods Every CIO Must Know

Six Cost Allocation Methods Every CIO Must Know

With today’s economic pressures, and a business philosophy of “doing more with less,” IT managers find themselves needing to communicate the value of IT and reduce costs while maintaining or increasing service levels. As a result, they need more visibility into the full costs of IT services to understand the cost burden that specific business units place on IT. There are many methods for determining this “cost allocation” — the trick is finding the best approach to provide the most…

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