| In today’s world
of renewed financial accountability no serious business
management team would ignore financial governance. Yet
IT initiatives can pose the risk of catastrophic outcomes. Good management
practice demands diligent IT Governance. |
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- Create management processes that accurately
measure risk and potential return from IT activities
- Ensure that all IT activities align completely with business
objectives
- Hold business managers responsible for IT outcomes
- Enable new business opportunities through judicious use
of IT investments
- Ensure that all current IT resources are used responsibly
Technology governance arises from the long standing
issue of aligning IT efforts with business objectives, and providing
the proper reporting and management oversight to ensure that such
an alignment remains front and center. The IT governance movement
shifts the focus of responsibility for maintaining that proper alignment
from mid level IT management, where it has historically resided,
to executive business management, specifically the CxO and board
of directors (BOD).
IT governance is just as integral a part of overall
corporate governance as audit or public financial reporting. As
with other forms of governance, the BOD has a responsibility to
shareholders and other stakeholders to ensure that IT investment
dollars are being spent wisely, and that the financial returns from
those investments is commensurate not only with the risk involved
in the investment, but also with other alternative uses for those
investment funds.
IT governance works best in an environment that
provides an effective business intelligence system for timely, meaningful
reporting to all levels of the organization, a solid portfolio management
system for understanding the full range of IT programs underway
in an enterprise as well as a complete inventory of current IT assets
(including hardware, software, and information), and a powerful
Project Management Office (PMO) for managing these efforts.
Major Scale is perfectly positioned to help your
organization realize all three components of an effective IT governance
structure:
- Business Intelligence
- Portfolio Management
- PMO set up and tuning
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