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Financial Management

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Management
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Minnesota College of Acupuncture and Oriental Medicine
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Financial Management Student’s Name Instructor’s Name Course Date Financial Management in Information Technology Introduction  Money is the most important aspect required to undertake different activities.  Funds have to be managed correctly so that most of these activities can be undertaken successfully.  This has led to the development of financial management areas which entails planning, organizing, directing as well as controlling various financial activities (Taipaleenmäki & Ikäheimo, 2013).  Some of these financial activities include procurement and using funds belonging to the enterprise.  Financial management is important in different areas and one of them is information and technology. Risk Planning  One of the ways that financial management is used in Information and Technology is risk planning.  Information technology involves using computers systems to store, and send information.  A lot of planning has to be done to determine the computer system that will be the best to handle a particular activity.  Acquiring some of these computer systems may be associate with certain risks.  Therefore, risk planning will help to identify a risk that may be associated with certain information and technology systems.  This risk will then be prioritized so that it can be managed effectively. Risk Identification  The other way financial management is related to information technology is through risk identifica ...
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