IT Governance and Policy Solutions
IT governance is a part of corporate governance initiatives, and is managed directly by the Board of Directors and Executive Management. By implementing well-thought out organizational structures and processes, the IT organization can align itself with company strategies and objectives.
The IT governance group can provide guidance, structures, and processes by implementing IT policy, risk, compliance, and audit functions. Policy management can set the overall direction for strategic alignment, value delivery, risk management, and performance management. The IT risk management function can identify critical risks in the IT governance process. Similarly the IT compliance and audit functions can enforce the necessary controls and procedures to mitigate IT risks and achieve IT governance maturity.
Benefits of the MetricStream IT Governance Framework
- Helps create, manage, and publish IT governance policies to the right audience in the organization
- Enables online policy maturity assessments to develop IT governance scorecards
- Allows the implementation of popular IT governance frameworks such as COBIT, ITIL, ISO 38500, and ISO 27002
- Adopts a risk based approach to managing IT governance risks
- Integrates risks at the policy, chapter, and sub section levels
- Enables effective control management to mitigate IT policy and governance risks
- Adopts a closed loop process to resolve risk and compliance issues through audit and issue management functions
- Integrates the IT BCP and DR process with IT governance Initiatives
- Provides real-time dashboard reports and scorecards to identify critical domains and sub-domains of IT governance processes
