Insights

COMPASS: Technology Business Management for Federal Agencies

September 11, 2019

LMI Staff

The first step to controlling costs is understanding how much is being spent as well as where and why—not an easy task. Federal CIOs need support in capturing the full extent of the IT footprint within their agency. To address this challenge, CIOs are turning to Technology Business Management (TBM). Just as generally accepted accounting principles enable clarity in comparisons of financial reporting, TBM helps stakeholders understand an organization’s IT portfolio, particularly in terms of cost efficiency relative to performance. LMI’s TBM expertise and innate understanding of federal agency requirements will help you chart your IT cost transparency journey.

LMI’s TBM advisory service approach, COMPASS™, blends best practices in IT financial management, governance, and management processes with lessons from our internal TBM implementation and that of customers. COMPASS™ focuses on the entire lifecycle of an IT portfolio, from data discovery and business case selection to budget execution and service delivery optimization. COMPASS™ puts leaders on the same page regarding the services provided and consumed and supports value-added management for defensible, data-driven decision-making.

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