GRCLibrary.ai

Standard

IT Financial Management Standard

This standard defines how IT expenditure is planned, allocated, monitored, attributed, and optimized. It expresses outcomes and governance expectations, not a specific accounting policy. The standard supports the capacity and performance management standard, the AI inference cost governance standard, and the supplier and third-party risk management policy by providing the financial discipline within which those operate.

Type
Standard
Version
1.0.8
Date
2026-10-27
Owner
Chief Information Officer
Approving authority
Governance Library Maintainer
Classification
Public
Confidentiality
Public
Category
IT Operations
Review frequency
Annual and upon material change to financial reporting, cloud commitment posture, or AI cost profile
Licence
CC BY-SA 4.0

Read the full text on GitHub (opens in a new tab)

Outline

  • 1. Purpose
  • 2. Scope
  • 3. Principles
  • 4. Cost taxonomy
  • 5. Attribution
  • 6. Budgeting
  • 7. Monitoring and forecasting
  • 8. Optimization
  • 9. Vendor commitment management
  • 10. AI cost governance
  • 11. Green and sustainability considerations
  • 12. Governance
  • 13. Integration with related programmes
  • 14. Financial reporting and compliance
  • 15. Operating expectations
  • 16. Framework alignment
  • 17. Limitations

Frameworks it maps to

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