To facilitate communication and gain alignment between IT, Finance and Business areas we recognized a common language or taxonomy was needed. The program initially used a "custom" taxonomy to identify pools of cost and technologies which resulted in everyone speaking a common language however led to missed opportunities in executive level reporting. To close the gap on the reporting, beginning fiscal year 2017 the program moved to industry standard TBM Taxonomy that’s governed and maintained by the TBM Council Board Committee on Standards.
How We Are Mapping to Industry Standard TBM Taxonomy:
The following mapping file and template are used to support taxonomy alignment.