The key objectives are to ensure that:
• there is an effective system for financial planning and budgeting;
• financial plans and budget allocations are aligned with the service portfolio;
• all proposed investments have a business case that meets the standards of the organisation;
• all significant financial risks are identified and fully managed;
• there is an appropriate governance framework in place with clear accountabilities and all those who need to be are properly trained in relation to it;
• all financial expenditure is properly accounted for and there is an audit process to ensure proper stewardship of financial resources;
• the costs and value of all IT services, processes and activities are monitored, measured and understood and appropriate actions are taken on the basis of their financial performance.