Tracking and maintaining the information security budget is a major task of the chief information security officer (CISO) within the organization. There are various financial elements that must be tracked, such as life cycle costs (cash flow, burn rate), security software tools maintenance costs, security training costs, personnel, etc.

Create a 1-page matrix of at least five financial elements corresponding to potential financial management tools used to track and manage the information security departments finances. The financial management tools are a hybrid of software applications and processes.

Write 1/2-page narrative explaining how each tool can be used for BCC.