TBM helps CIOs translate tech spending to business outcomes

“IT spending has grown faster than any other corporate function for the last 20 to 30 years,” says Matt Guarini, executive director of the advocacy and education group, the TBM Council. “IT is getting more complex than ever. There’s more emerging technology coming in.” Membership in the TBM Council has also grown by about 9% in the last six months, Guarini adds.

TBM is a discipline designed to provide an IT spending and value framework for CIOs, CTOs, and CFOs. The goal is to give such leaders widespread visibility into planning, benchmarking, and optimization of their IT investments, according to the TBM Council. Cost transparency and accurate budget forecasting are two major parts of the TBM framework, Guarini says.

While many organizations have turned to FinOps to monitor cloud spending, TBM focuses on it more broadly, but may include FinOps as a piece of the puzzle, he says.