Technology Business Management Council is a Washington-based non-profit organization with the goal of creating and promoting “best practices for running IT as a business.” As of January 2018, the TBM Council has about 5,100 CIO, CTO, & CFO members who are advancing technology business management standards and education across all industries. Its current board of directors includes executives from AIG, Aflac, Apptio, Cisco, Dollar General, First American, Intuit, Great West Life, MasterCard, Micron, Nationwide, Red Ventures, Stanley Black & Decker, SunTrust, Tyson Foods, and the University of Pennsylvania. History The TBM Council began as a biannual executive summit for CIOs sponsored by Apptio, which develops technology business management software as a service applications. In 2012, Apptio founded the TBM Council as a non-profit organization with a mission to identify and promote industry best practices for running technology organizations like a business. Upon incorporation, Apptio's Chief Marketing Officer (Chris Pick) became the president, and Chief Information Officers from Cisco (Rebecca Jacoby) and First American (Larry Godec) became co-chairs of the board of directors. In 2013, the Council held its first industry conference in Seattle and expanded its program into Europe in 2014. In 2015, the Council appointed Mike Brown, Vice President, Global Information Technology at ExxonMobil as its chairman of the board, created industry workgroups to define standards and launched a private and public sector IT COST Commission with the United States Federal Government. In 2016, the Council released their book and concluded the year-long IT COST Commission by making 21 recommendations to improve transparency, reduce waste and increase the efficiency of IT spending within the US Government. TBM Framework and Index The TBM Framework for “running IT with greater business acumen” is designed to provide “a shared decision-making model for technology and business leaders” and a structure for IT executives to have “conversations with the CEO and the board of directors about the value of IT investments.” The TBM Council publishes an agreed-upon set of TBM best practices with the goal of helping business technology leaders benchmark their success in those practices using the TBM Index. The index follows the structure of the TBM Framework. It is an interactive survey with open participation and is published in the TBM Council's iPad ebook, Technology Business Management: How Innovative Technology Leaders Apply Business Acumen to Drive Value, and on the TBM Council's website. The goal of the TBM Index is to provide