<s>
Financial	B-Application
Management	I-Application
for	I-Application
IT	I-Application
Services	I-Application
is	O
a	O
Service	O
Strategy	O
element	O
of	O
the	O
ITIL	O
best	O
practice	O
framework	O
.	O
</s>
<s>
The	O
goal	O
of	O
Financial	B-Application
Management	I-Application
for	I-Application
IT	I-Application
Services	I-Application
(	O
ITFM	O
)	O
is	O
to	O
optimize	O
the	O
cost	O
of	O
IT	O
Services	O
while	O
taking	O
into	O
account	O
quality	O
and	O
risk	O
factors	O
.	O
</s>
<s>
For	O
an	O
outsourced	B-Architecture
IT	O
organization	O
or	O
an	O
IT	O
organization	O
that	O
is	O
run	O
as	O
if	O
it	O
were	O
a	O
separate	O
entity	O
(	O
i.e.	O
,	O
with	O
full	O
charging	O
)	O
the	O
goal	O
may	O
be	O
described	O
as	O
:	O
</s>
<s>
Financial	B-Application
management	I-Application
for	I-Application
IT	I-Application
services	I-Application
contains	O
3	O
sub-processes	O
:	O
budgeting	O
,	O
IT	O
accounting	O
,	O
and	O
charging	O
.	O
</s>
<s>
Given	O
that	O
the	O
aim	O
of	O
financial	O
management	O
for	O
IT	O
is	O
the	O
stewardship	O
of	O
IT	O
assets	O
and	O
resources	O
,	O
information	O
from	O
configuration	O
management	O
and	O
in	O
particular	O
from	O
the	O
CMDB	B-Application
should	O
be	O
made	O
available	O
.	O
</s>
<s>
Changes	O
are	O
often	O
linked	O
to	O
costs	O
,	O
so	O
financial	O
management	O
for	O
IT	O
is	O
therefore	O
usually	O
involved	O
in	O
the	O
change	B-Application
management	I-Application
process	O
so	O
that	O
the	O
ongoing	O
analysis	O
of	O
costs	O
can	O
take	O
place	O
.	O
</s>
<s>
In	O
order	O
to	O
assess	O
whether	O
financial	B-Application
management	I-Application
for	I-Application
IT	I-Application
services	I-Application
has	O
been	O
successfully	O
deployed	O
,	O
the	O
following	O
key	O
performance	O
indicators	O
may	O
be	O
examined	O
:	O
</s>
