Information Technology (IT) Governance
IT Governance is a structure of relationships with those processes to direct and control the enterprise to achieve the enterprise’s goals by adding value while balancing risk versus return over IT and its processes. Successful organizations understand the benefits of information technology and use this knowledge to drive their shareholders’ value. They recognize the critical dependence of many business processes on IT, the need to comply with increasing regulatory compliance demands and the benefits of managing risk effectively. Governance practices help ensure IT is aligned with the business, delivers value, its performance is measured, its resources properly allocated and its risks mitigated.
IBD follows the ITGI’s Information Technology Governance Institute COBIT Control Objectives for Information and related Technology recommendations for an IT governance framework and supporting tool set (when appropriate) to allow business to bridge the gap between control requirements, technical issues and business risks. This framework enables clear policy development and good practice for IT control throughout organizations.
ITIL is a widely accepted approach to IT service management. Whereas, COBIT emphasizes regulatory compliance, helps organizations to increase the value attained from IT, enables alignment and simplifies implementation of the COBIT framework.
To learn more about IT Governance, contact us.