IT Finance Summary report (v103)

Introduction

Use the IT Finance Summary report to review cumulative spend YTD, projected annual spend, and budget variance by cost pool.

Navigation

IT Finance > Summary

Roles

This report is designed for IT Finance personnel.

Objectives

Use this report to:

• Review the spend and budget KPIs.
• Understand the cumulative spend YTD and the projected annual spend.
• Identify budget variance by cost pool.
• Identify top spend and variance by cost pool (e.g., cost category) using the Cost by Cost Pool chart and the Cost to Budget by Cost Pool table.

Questions answered

Use the information presented at the top of the report to answer the following questions:

• How is my spend tracking against budget this year?
• Am I projected to be over or under budget for the year?
• Which cost pools are over or under budget?
• How much have I spent by cost pool this year?

Use the information presented at the bottom of the report to answer the following questions:

• How much have I spent by cost pool this year?
• Where is my biggest spend?
• Where is my biggest variance, by amount and by percent?
• What amount of variance or percent variance is material compared to my overall IT spend?
• Is action required to mitigate budget risk?

Next actions

• If variance is immaterial, no concern or action is needed.
• To understand more, click on a specific cost pool in the bottom table to see what accounts are mapped to each cost pool.