Service portfolio management
Financial management is concerned with business case development, assessment of investment opportunities, evaluation of different service options, the evaluation of financial risks and the determination of service value. All these are central
to decisions about what should be included in the service portfolio or removed from it. Financial management is able to contribute to decisions on how best to provision a given service, whether this should be through the in-house IT service provider or a third-party provider. Financial management is also responsible for ensuring that funding is available to support the delivery of the service portfolio and for ensuring budget allocations align with it.