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Understanding it Governance

Saturday, November 28th, 2009

 GovernanceGovernance is the buzz word these days – you hear of Enterprise Governance, IT Governance, Portfolio Governance, Program Governance, Project Governance, Data Governance, SOA Governance and the list goes on. What is Governance?There is no standard universally accepted definition for IT Governance.We would define governance as a set of protocols, procedures, best practices and guidelines that can be of assistance to make better decisions.Portfolio Governance, Program Governance, Project Governance, Data Governance, SOA Governance and other IT related frameworks are closely tied with IT Governance and IT Governance is integral part of Enterprise Governance.IT strategic governance is required to efficiently manage IT investments. IT strategic frameworks like COBIT and ITIL provide guidance to improve accountability and delivery of IT investments (Programs, Projects, Services and Resources). Strategic Governance has become more critical in the new age of globalization and corporate scandals. We need to consider business IT alignment, new regulatory requirements to support executive management and clearly connect the strategic plans to governance processes. IT departments need to create a strategic plan that describes the mission, vision, goals, priorities, strategies, measures and technologies covering all aspects of IT Department. IT strategic plan is usually derived from the supporting department’s strategic plans.Balanced Scorecard: Developed by Kaplan, a Harvard Business School professor of accounting and Norton, president of Renaissance ...

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Tags: Control Objective, Harvard Business School, Program Governance
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