PO5.1:

PO 5.1 Financial Management Framework

Control Objective:

Establish a financial framework for IT that drives budgeting and cost/benefit analysis, based on investment, service and asset portfolios. Maintain the portfolios of IT-enabled investment programs, IT services and IT assets, which form the basis for the current IT budget. Provide input to business cases for new investments, taking into account current IT asset and service portfolios. New investments and maintenance to service and asset portfolios will influence the future IT budget. Communicate the cost and benefit aspects of these portfolios to the budget prioritization, cost management and benefit management processes.

Applicability:

Sarbanes-Oxley

HIPAA

GLBA

PCI

FISMA

NIST SP 800-66

Ditscap

Control Exception

User Defined

Risk Association Control Activities:

Implementation Guide:

Process Narrative
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Process Illustration
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Control Commentary
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Control Exception Commentary
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Evidence Archive Location
Insert Evidence Description Here.

Control Status and Auditors Commentary
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Remediation Plan
Insert remediation plan, applicability, or any information that indicates what needs to be done.

Supplemental Information:
ITIL Service Delivery, Financial Management for IT Services, 5.2 Budgeting.

ISO 17799 3.1 Information security policy 6.3 Responding to security incidents and malfunctions.

Implementation guidance
Insert guidance in this section if it helps to elaborate upon the subject matter. Examples of evidence that would help guide the end user is desirable.