IT service management & procurement
Terms related to the activities and procedures necessary to acquire information technology (IT) products and services.- FinOps (FinOps Foundation) - FinOps (financial operations) is a framework for managing operating expenditures (Opex) in the cloud.
- fiscal year - A fiscal year is the twelve-month period that an organization uses for budgeting, forecasting and reporting.
- fixed price - A fixed price is a non-negotiable sum charged for a product, service or piece of work.
- fixed price contract - A fixed-price contract, also known as a lump sum contract, is an agreement between a vendor or seller and a client that stipulates goods and/or services that will be provided and the price that will be paid for them.