To gain alignment between IT, Finance, and Business Unit leaders, TBM (Technology Business Management) Council provides a standard taxonomy to describe cost sources, technologies, IT resources (IT towers), applications, and services
The TBM taxonomy provides the ability to compare technologies, towers, and services to peers and third-party options (e.g., public cloud). 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 reporting IT costs and other metrics
We use the TBM taxonomy to identify and assess technology costs in a standardised manner
Read more about TBM and the TBM taxonomy