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Introduction

This report looks at how the VMware vRealize Business suite has been developed to help organizations realize value from an IT financial management initiative.

Highlights

  • The VMware vRealize Business suite has been developed to help organizations realize quick time to value from an IT financial management initiative.

Features and Benefits

  • Learn about some IT financial management best practices and how technology such as vRealize can help in aligning with them.
  • Analyzes how the VMware vRealize Business solution can help organizations improve the value delivered from an ITFM initiative.

Key questions answered

  • Why is IT financial management becoming an increasingly important practice?
  • What are the important capabilities technology must offer in supporting an ITFM initiative?
  • What are the important considerations that must be made when embarking on an ITFM initiative?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Recommendations

  • Recommendations for enterprises

VMware vRealize Business has been developed to help organizations realize quick time to value

  • VMware vRealize Business can be utilized by organizations at varying levels of IT financial management maturity
  • Private cloud hosting edition aims to help organizations to quickly obtain value
  • A “big bang” approach to ITBM is not always the most appropriate
  • Adopting an infrastructure-first approach to ITBM
  • Advanced ITBM maturity is achieved by developing a more comprehensive understanding of IT costs
  • Managing the full IT services stack
  • Developing a showback or chargeback capability
  • Dashboards delivering insight specific to a defined role

Effective service-level management improves understanding of the value delivered by IT

  • Building a business-centric view of IT service value
  • Improving service-level management

Appendix

  • Further reading
  • Author

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