The Industry’s First Hierarchical Taxonomy of IT Services, Towers and Cost Sources
To gain alignment between IT, Finance, and Business Unit leaders, TBM provides a standard taxonomy to describe cost sources, technologies, IT resources (IT towers), applications, and services. Just as businesses rely on generally accepted accounting principles (or GAAP) to drive standard practices for financial reporting — and thus comparability between financial statements — the TBM taxonomy provides a generally accepted way of categorizing and reporting IT costs and other metrics.
The TBM Taxonomy is governed and maintained by the TBM Council Board Committee on Standards, chaired by James LaPlaine, CIO of AOL, and Rahul Auradkar, VP, Products of Apptio. The committee’s fifteen voting members include industry representatives from organizations like ADP, Aon, Arizona Public Services, Cisco, Cox Automotive, Edelman, ExxonMobil, Fannie Mae, Marriott, MasterCard, and MetLife. The committee also includes non-voting members from the US General Services Administration, KPMG, and ISG.