The management of technology is a crucial aspect of running a business. It involves planning, organizing, directing and controlling different activities to achieve organizational objectives. The role requires leadership as well as effective communication and decision-making. Professionals in business management technology use their skills to oversee all aspects of an organization from operations and finance to human resources and marketing.
Technology leaders are constantly looking for new tools that will aid them in implementing their IT strategy and improve the efficiency of their tech functions. One tool that is gaining popularity is technology business management (TBM). TBM is an approach to optimize IT to help companies achieve their goals, not a solution. The ten components of TBM give executives complete visibility into their investments in technology regardless of the technology stack or delivery model.
TBM improves the visibility and aligns the technology team with the objectives of the overall company. It allows the company to respond more quickly to threats and changes on the market. It assists leaders in planning governance and day-today operations. For example, JP Morgan Chase used TBM to integrate its IT department to the company’s goals and strategies.
TBM helps IT executives to better manage costs and create value for their organizations. TBM allows IT leaders to allocate their resources based on the real-world impact of business and the desired outcomes. They can cut costs without compromising service levels. This approach moves IT from being a cost center to becoming an enabler of profit.
https://www.turbotaxsmallbusiness.com/successful-project-management-for-small-business/
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