What's Happening - March 2016

What Value Does Your IT Organization Bring

Posted on 03/02/2016

Activity-Based Costing (ABC)  is a costing model that manages costs or expenses by identifying activities used to support services. In 2013, AITS implemented an activity based costing budget tool to provide a more systematic approach to the budget justification process, provide ongoing in-depth financial analysis, and better financial transparency. By identifying the cost of doing business, we can better measure and communicate the value of IT.

To learn more about how Activity-Based Costing is utilized by AITS for strategic planning and the annual budgeting process, visit the AITS website here or contact Karen Greenwalt at greenwlt@uillinois.edu.

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