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Business Strategy: Crucial Collaboration — 10 Things That Boost Solid CFO-CIO Partnerships in Government

Business Strategy: Crucial Collaboration — 10 Things That Boost Solid CFO-CIO Partnerships in Government

This IDC Government Insights report examines some of the ways that chief financial officers and chief information officers can develop a cooperative environment for enhancing IT projects and project funding.

"A strong, collaborative relationship between CFOs and CIOs is an increasingly important part of IT planning at government agencies," says Shawn P. McCarthy, research director for IDC Government Insights."If the pair can work together, they can forge a highly productive relationship. But making this type of partnership work is extremely challenging. This new approach is spurred on by mounting pressures related to cost cutting, system consolidation, and the growing availability of external IT services, including cloud-based solutions."

Please Note: Extended description available upon request.


IDC Government Insights Opinion
In This Study
Background
CFO History
CIO History
Emergence of CFO-CIO Partnerships
Situation Overview
The New CFO Duties
The CFO-CIO Relationship
Reporting Structures
The Approach
A Strategic Approach to IT Budgeting
Top 10 CFO Steps Toward Building a Productive Partnership
Seek Actionable Data Versus Simple Data Reporting
Establish the CFO's Role in Agency Business Process Management
Relationships Equal Trust — Establish a CFO-CIO Friendship if Possible
Clearly Define the Duties of Both the CIO and the CFO
IT Governance Must Include Input from the CFO, the CIO, and Multiple Stakeholders While Defining the Product or Services Receiving Funding
Fully Leverage Agency CIOs to Refine into Your Capital Planning and Investment Control Process
The CFO May Need to "Have the CIO's Back" During Meetings with the Agency Secretary or Other Top Management
Work with the CIO to Put a "Stake in the Ground" for All IT Costs
CFOs Need to Be Honest About What They Do or Do Not Understand About Technology
Give CIOs and Procurement Officers the Tools They Need to Make the Right Product Choices
Future Outlook
Essential Guidance
Actions to Consider
Learn More
Related Research
Synopsis
Figure: Management Triangle: CFOs Wear Three Hats When It Comes to IT
Figure: Value Cycle for Gathering Actionable Intelligence Related to IT Spending
Figure: The CFO's Role in Business Process Management
Figure: Establishing Mature Trust and Collaborative Environments Between Departments
Figure: CFOs and CIOs: The Increasing Joint Responsibility for Some Duties
Figure: IT Governance and Financial Governance — Influenced from the Bottom Up and the Top Down
Figure: CIO's Expertise, Assurance, and Organizational Support for CFOs and Program Managers
Figure: Measuring Baseline Costs — The First Step Toward Projecting Cost Savings When New Solutions Are Proposed

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