Organizations are always seeking information to help maximize their use of resources and optimize business performance. A strong Business Information Framework or Cost Framework enables better visibility into both the fixed and variable costs associated with operations.
Transparency into the variable costs of operations helps management optimize the applications, projects, and services that have the greatest impact on achieving the organization’s mission and business objectives.
The core of our Business Information Framework service is our in-depth understanding of how to build a causality-based cost model.
Organizations are always seeking information to help maximize their use of resources and optimize business performance.
New and emerging frameworks such as Technology Business Management (TBM) seek to accomplish this by linking every dollar spent on IT to the business or the business outcomes those IT investments are intended to support.
We design an information framework and an accompanying decision support system to enable management to make critical trade-off decisions that best support objectives and maximize performance.
WE ENSURE THE DATA AND MODELS PROVIDE THE INSIGHT NEEDED FOR OUR CLIENTS TO MAKE INFORMED DECISIONS.
We do this by applying the principles of causality. To help our clients build an information framework to support decisions, we apply the principles of causality and follow practices and standards outlined in the Institute of Management Accountants' Conceptual Framework for Managerial Costing.
We build the methodology by working closely with our clients to:
01 Plan, Scope & Requirements
We hold workshops with the stakeholders and plan, scope and define the requirements of the framework.
02 Solution Design & Blueprint
Once all of the requirements are clearly defined we blueprint how the framework will be built within the systems of record.
03 System Build & Configuration
After the blueprints are accepted we work with the system owners and integrators to ensure all of the systems are built or configured to supply the framework.
04 Verification & Validation
We work with the stakeholders to verify and validate that all new systems or system changes meet the objectives.
05 End User Training
We train the users to ensure they understand the data and systems feeding the framework.
06 Deploy & Sustain
We partner with our clients to deploy and sustain the information framework to ensure they have the information to make data informed decisions.
We tailor this methodology to the client’s needs and the project scope. To readily support:
We start by establishing a common understanding of:
We leverage our client’s data and apply proven scientific methods for data modeling supporting effective management decision-making.
Whether your information framework is in support of delivering IT products and services, maximizing revenues, or simply trying to get a better sense of which investments to make, our Business Information Framework capability will ensure decision makers are presented with information that is:
- Informative – Information based on causality to illustrate how operational resources are linked with costs to help predict future performance.
- Detailed – Information that provides the level of insight required for managerial control and influence over future results.
- Transparent – Information that accurately reflects the characteristics of the operating resources and processes.
- Timely – Information is available when needed.
We’re happy to walk you through our solutions.