ITIL 4 Foundation Practice Exam 2026 – 400 Free Practice Questions to Pass the Exam

The primary purpose of service financial management practice is to ensure effective use of financial resources for service management. This practice focuses on enabling organizations to effectively manage their budgeting, accounting, and charging requirements. By overseeing financial planning and monitoring services, it helps organizations to balance service costs against value and aligns their financial management strategies with overall service management objectives.

This includes understanding the costs associated with delivering services, guiding decision-making related to investments in IT service management, and ensuring that services are provided within budget while maximizing return on investment. Ultimately, service financial management is about optimizing the financial resources dedicated to service delivery and ensuring that they contribute to achieving the business outcomes effectively.