Financial & Business Management for IT Leaders

Available Soon!

Take the Financial & Business Management for IT Leaders (FBMIT) Course to learn the core principles and skills of financial management needed to be better stewards of their IT budgets, resources and costs. Students will learn foundational accounting principles, how to better manage their own budgets, what goes into the total cost of ownership (TCO) of their assets and services, return on investment (ROI) approaches, and the various techniques for funding IT and recovering IT costs from their business partners. By attending this course, students will become more well-rounded business leaders. 


What you will Learn: 

Upon completion of this course, you will better understand:

  • How corporate financial management works and the impact of IT spending on a company’s financial statements
  • The difference between operating expenses vs. capital expenditures (OpEx vs. CapEx) The capitalization of IT expenditures (such as software development)
  • Depreciation and amortization of IT assets such as hardware and software
  • How cloud and managed service provider costs are treated
  • How to manage the IT budget and baseline vs. zero-based budgeting
  • What goes into the total cost of ownership (TCO) of IT assets and services
  • Return on investment (ROI) and approaches for building business cases and measuring value
  • Various techniques for funding IT, pricing IT services and recovering IT costs from business partners
  • Concepts of marketing IT services to the rest of the business


Who Should Take the Course: 

The course is designed for senior IT professionals who want to improve their financial acumen and apply basic business management concepts to IT. Any IT professional wanting to be a better business leader should consider this course. You should consider this course if you are any of the following:

  • OCIO or OCOO Chief of Staff
  • TBM Program Director (and future directors)
  • Senior Business Relationship Manager (BRM)
  • IT Vice President (OCIO Staff or Senior Leaders)
  • IT Program and Portfolio Management Leaders
  • Service Management Leaders
  • IT Strategy/Transformation Leaders
  • Senior Enterprise Architect (EA) or EA Leader
  • Infrastructure Leaders / Managers
  • Budget Owners


Continuing Education Credits (CPE / CLP / CEU / CEC) 

The TBM Council provides evidence of course completion to all students who take the course. The evidence may be used to help satisfy continuing education requirements (10 hours of credit) for certifications you hold, including the Certified TBM Executive® (CTBME), Certified Public Account® (CPA®), PMI Project Management Professional (PMP)® and more.