For those interested, and especially for those attending our upcoming
Standards Open Forum on May 27, I just posted a
recording of our cost allocation best practices for business units. This is a comprehensive review of those best practices and considerations, covering:
- Why Allocate IT Costs to Your Business Units
- Modern vs. Legacy Approaches
- For What Are You Allocating Costs?
- Costing vs. Billing vs. Chargeback
- Considerations when Shaping Demand
- Introduction to Rates Management
- Types of Rates
- Accountability for Rates vs. Volumes
- How to Set Rates
- Showback (Billing) and the Bill of IT
- Cost Recovery and Variances
- Demand Levers vs Cost Structure
- Common Data Challenges
You can find the recording and the slides here: https://community.tbmcouncil.org/viewdocument/for-may-27-open-forum-cost-modelli?CommunityKey=4a425b76-7a58-4990-8bf2-1e3ea366288c
If you attended our April Open Forum, we covered about a third of this material in that meeting. Please feel free to skip over the content we've already covered.
Meanwhile, please post any questions, comments, or other feedback to that library post (with the video and slides) and we'll address them on the 27th.
Finally,
@Ed Hayman and I decided to postpone the metrics topic for the June Open Forum because we have so much to cover with the best practices topic.
See you on the 27th!
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Todd Tucker
VP, Standards and Education
TBM Council
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