23. A computer-based method for use in managing a service level associated with resources in an information technology (IT) system based on financial terms, the method comprising the steps of: automatically constructing and maintaining an electronic contract that contains information pertaining to descriptions of one or more transactions in IT terms, financial implications of one or more transaction service levels, and reporting to be performed in one or more financial terms; and automatically measuring the operation of the IT system in terms is of one or more metrics based on the electronic contract; wherein the steps are performed by a computer comprising a processor and a memory; and wherein the one or more metrics are converted to one or more financial equivalents.
23. A computer-based method for use in managing a service level associated with resources in an information technology (IT) system based on financial terms, the method comprising the steps of: automatically constructing and maintaining an electronic contract that contains information pertaining to descriptions of one or more transactions in IT terms, financial implications of one or more transaction service levels, and reporting to be performed in one or more financial terms; and automatically measuring the operation of the IT system in terms is of one or more metrics based on the electronic contract; wherein the steps are performed by a computer comprising a processor and a memory; and wherein the one or more metrics are converted to one or more financial equivalents. 31. The method of claim 23 , wherein the one or more metrics are reported to one or more parties.