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Mission, Scope and Objectives of the Financial Management

            The mission of the Financial Management is to manage effectively finances of IT resources involved in running IT services. This is achieved by the management assistance in making decisions related to investments and provide detailed financial information of real or estimated costs of that decisions.
The scope of Financial Management within ITIL processes is crucial as there is no settlements conducted and no expenditure controlled without the Financial Management. This process is involved also in monitoring targets of expenses and billing customers for services provided.
According to above the objective of the Financial Management is to account for conducting IT services, to make forecasts of expenditures, to optimize costs by reducing charging clients, making capacity analysis etc.

Added: 2008-10-04