Page 165 - ITIL® Foundation 3.15

Financial Management Process Objectives
The objectives of Financial Management include ensuring that the service provider has the needed funding for continued operations. Without adequate funding the operation would shut down. By understanding the
Based on AXELOS (ITIL®) material. Reproduced under license from AXELOS Limited. All rights reserved.
cost to deliver services and which customers create the need to spend that money, financial management can advise the organization in how to best meet their funding needs. They also look to help make the correct strategic decisions by quantifying the value of IT services, and the underlying assets required to deliver those services. These financial control mechanisms help to ensure that the cost of running IT is appropriate to the value of the services being delivered. A service provider should always look to be the best low-cost provider among all of the competing alternatives to which their customer may have access.
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