Press Release

TBM Council Announces Winners of the Ninth Annual TBM Council Awards

Winners are recognized in eight categories ranging from IT financial leadership and business innovation
to cloud transformation and agile evolution

BELLEVUE, Wash., October 13, 2021 –  The Technology Business Management (TBM) Council, a nonprofit organization that promotes TBM standards and practices to empower collaboration between IT leaders and business partners; and Apptio, Inc., a leading provider of TBM solutions that help organizations analyze, plan, and optimize technology spend; today announced the winners of the ninth annual TBM Council Awards.

Built on the foundation of TBM standards, the TBM Council Awards recognize global technology and business leaders for their achievements in using TBM disciplines, tools, data and processes to deliver business value and innovation. Winners represent a diverse array of companies from around the world and across industry verticals including healthcare, banking, insurance, manufacturing, logistics and government.

“The TBM Council Awards have given us a front-row seat to the rapid pace of change of technology,” said Phil Armstrong, Chairman of the Board, TBM Council. “In the past few years, we’ve seen organizations make a mass migration to the cloud, adopt agile-at-scale approaches, and increase investments in digital platforms and strategies. Technology Business Management has helped these businesses overcome challenges and innovate during trying times and I’m incredibly proud to celebrate the achievements of this year’s winners.”

Nominees are evaluated for quantitative results like cost savings, as well as other factors including the ability of teams to shift money from run-the-business to change-the-business, fund innovation programs, optimize public cloud spending, and deliver high return on investment from project and product portfolios.

Winners of the 2021 TBM Council Awards are:

Agile Evolution

A new category for the TBM Council Awards, the Agile Evolution award recognizes companies that have demonstrated the ability to shift from project- to product-centric investment models. The winner has a proven track record of using the facts, tools and process of TBM and Lean Portfolio Management (LPM) to make investment decisions, track all resources spent against investment plans, and measure the results of investments over time.

Winner: Chevron

Cloud Transformation

This award is given to an organization that has made significant strides in using public cloud infrastructures, platforms, and software to transform the way they develop and support business capabilities.

Winner: HSBC UK

Business Optimization

This category recognizes those that drive meaningful efficiencies in delivering technology to the business and helping the business be more efficient through the use of technology.

Winner: MassMutual

Service Excellence

Service Excellence celebrates teams that use TBM to support the delivery of shared technology services to line-of-business partners and customers in an efficient manner. The winner uses TBM to provide a bill of IT for services consumed, communicate the cost and value of those services, and support continued enhancements, modernization efforts and other improvements to those services.

Winner: Liberty Mutual

Business Innovation

This category highlights teams that use TBM to drive significant innovation across their business. The winner demonstrates successful use of TBM facts, tools and processes to invest in innovation and accelerate or amplify the business benefits from those investments.

Winner: Oshkosh Corporation

TBM Pacesetter

This award recognizes companies that have demonstrated significant progress and driven value through the deployment of TBM in a relatively short period of time (progress and value are defined by the reduction of technology or business costs, success in accelerating or investing in innovation, adoption of agile methodologies or public cloud services, and reaching other goals that are important to the business).

Winner: Commonwealth Bank of Australia

Public Sector Excellence

This new category was established to recognize the unique challenges that government agencies face. The winner has demonstrated success in delivering digital capabilities, modernizing technology portfolios, migrating to the public cloud, and moving to agile development models.

Winner: U.S. Customs and Border Protection

IT Financial Leadership

The winner of this category has successfully leveraged TBM to not only satisfy financial requirements for budgeting, forecasting and reporting, but also to foster business innovation, service delivery, cloud transformation and agile evolution. For the first time in the TBM Council Awards history, two finalists received the top score from our panel of judges.


To learn more about the TBM Council Awards, visit

About the Technology Business Management (TBM) Council

Founded from members of Apptio’s CIO advisory board in 2012, the Technology Business Management (TBM) Council is a nonprofit organization governed by a board of business and technology leaders from some of the world’s most innovative companies, including State Farm, Intuit, Mastercard, Tenet Health Systems, Credit Suisse, Huntington Ingalls Industries, Stride, Stanley Black & Decker, and more. The Council advances the discipline of TBM and drives standards for analyzing, planning, optimizing, controlling, and collaborating on the investments that will transform the IT operating model. Apptio, the industry’s leading provider of TBM software solutions, serves as the TBM Council’s technical advisor. Membership is open to qualified IT, finance, or business leaders and practitioners who meet applicable membership standards. For more information or to join, please visit

About Apptio

Apptio gives you the power of trusted, actionable insights to connect your technology investment decisions to drive better business outcomes. More than 60 percent of Fortune 100 enterprises trust Apptio to manage to spend across the entire IT portfolio and beyond, so they can focus on delivering innovation. Apptio automatically ingests and intelligently structures vast amounts of enterprise and technology-specific spend and operational data.  Apptio enables users across disciplines to report, analyze, plan, and govern their investments collaboratively, efficiently, and with confidence. Learn more at