Question

What is IT governance referring to? Why is it important? How does one implement it? Answer these questions using a brief (two-page memo) to your boss – the president of your company.

Answer 1

Good governance is an important key to any successful business. It is essential to achieve certain objectives and tasks as well as to maintain legal and ethical standings in front of stake holders and wide community.

IT Governance or Information Technology governance defines the strategies , principles, rules and processes that are effective in decision making for business process or an organization.

IT Governance team has responsibility to achieve the goals of e-Business and make the strategies to maintain the Readiness of the business .

The two major components of IT Governance are:

1) Decision Making Authority

The IT Governance Team should have authority to take important decisions regarding the business operations, strategies to achieve the objectives and goals of the company.They have authority to take decision to meet relevant legal and regulatory obligations

2) Responsibility.

The main responsibility in IT governance is to assure the stakeholders that they can invest in your organization IT services.

IT Governance can be split into 5 domains further:

• Performance Management: Various scorecards and maturity models should be used to track and monitor the strategies of an organization.
• Risk Management: Senior employees should be well awarebof all risks and must develope strategies according to it.
• Strategic Alignment: There must be proper alignment of all projects according to plan so that all elements work together.
• Value Delivery: It ensures that the IT deliver the appropriate quality on time and with in the complete budget.
• Resource Management: It include people,process, information and infrastructure work all together and in synchronize way. It must ensure that all resources should be properly utilize without wastage.

The importance of IT governance is to achieve desired outcomes and behaviour of organization and maintain the healthy relationship between clients and enterprise by delivering quality IT services .