The TBM Council, a nonprofit professional organization dedicated to advancing the discipline of technology business management (TBM), named LMI the recipient of its excellence award for strategic planning. As a widely implemented framework, TBM helps organizations improve transparency and standardize spend taxonomy of IT infrastructure, management, and investment operations.
The strategic planning award recognizes organizations that align financial plans with business priorities and adjust plans to reflect shifting priorities, reduce risk, and capitalize on market opportunities. In its award announcement, Apptio, which serves as technical advisor to the TBM Council, noted LMI’s reduction in overall IT costs and improved budgeting and monthly forecasting efficiency, with time spent on IT billing reduced by 75%.
“Implementing TBM has benefited our financial and IT processes profoundly. We assess return on IT investments more holistically and transparently, lessening redundant or duplicative costs. Our leadership team can prioritize IT investments better, ensuring our workforce has all the tools and resources to serve our clients,” said chief performance officer Suzan Cengiz. “Congratulations to the entire team on this well-deserved recognition.”
The team—director of corporate financial planning and analysis Tom Davis, financial planning and analysis principal Dwayne Langston, project manager Jim McNabb, and enterprise architecture senior consultant Didier Perdu—was honored during a virtual ceremony on Thursday, November 12.
“The key to effective TBM adoption is securing enterprise-wide support for new processes and taxonomy. Organizational buy-in, especially from our senior leadership, made this accomplishment possible and reflects our corporate commitment to TBM,” said Jeff Zack, director of enterprise services. “We look forward to bringing lessons learned to our federal customers and guiding their TBM transformation journeys.”
LMI also was a finalist in the overall performance category. Now in its eighth year, the TBM Council Awards recognize the innovation and contributions of IT and finance leaders who generate significant value and efficiency for their organizations through TBM principles.