IT governance is a subset of corporate governance which focuses on “performance” and “conformance” and establishing a balance between these two objectives. The five IT governance areas are:
- IT Business Alignment
- Risk Management
- Resource Management
- Value Delivery
- Performance Measurement
Governance of IT encompasses several initiatives for board members and executive management. They must be aware of the role and impact of IT on the enterprise, define constraints within which IT professionals should operate, measure performance, understand risk, and obtain assurance.
To implement IT governance an IT governance framework should be established as outlined below:
Eminere Group can provide assessments, guidance and advice throughout the process of implementing a strong IT governance framework for your organization. The most common approach is to start with an assessment that will provide the baseline and provide the foundation to the organizations’ implementation plan.