Telecom lifecycle management is an important focus for any company seeking to maximize its technology investments and part of an effective telecom lifecycle management strategy is a focus on telecom expense management (TEM). To be successful, companies need to have a TEM standard so they understand where to start. They must be able to understand the important elements of a TEM solution, clearly define the scope of work for the solution, streamline the buying process when it comes to telecom solutions and maintain a benchmark by which to compare results. Most importantly, the company must be able to measure the success of the TEM solution.In basic terms, there are specific requirements for TEM standards.