Adopt best practices to improve accountability and communication
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