In: Accounting
Please answer the question below and clearly explain..........Describe how IT performance reports are important in IT governance.
In today’s ever changing business environment, it is not enough to have an IT systems but to place a mechanism which will regulate, monitor and govern the contribution of IT systems in an organization. The governance mechanism, for IT systems evaluates the performance and risk management of the IT systems through which value can be created for the organization and ensures that the systems and organizational objectives are aligned.
Therefore, IT governance helps the organizations to align their objectives with the system, helps in risk management by overviewing whether the procedures are carried out and are being controlled and in performance management by conforming the strategic compliance of strategic IT objectives. it is a key aspect of an organization, as it provides the clear view of IT governance effectiveness and added business value.
Hence, regular follow up of IT systems are necessary so that the objectives and performance are achieved as expected. Regular reporting provided the smooth working of systems.