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IT Governance and How it Helps Sustain and Extends an Organization's Strategies And Goals
IT governance refers to the accountability frameworks and decision rights used to encourage desirable conduct relating to the use of information technology. It is viewed as a system used to ensure information technology decisions take into consideration the objectives and strategies of an organization (Moeller, 2013). This aids the company to ensure that key decisions conform to corporate strategy, vision, and values. In the end, this guarantees that decisions related to information technology match organization wide objectives and strategies.
The desire to have a clear strategy of managing organizational risk and safeguarding shareholder value guides practices related to IT governance. When accountability frameworks and decision rights are emphasized, the strategic importance of IT becomes clear. This helps the company in sustaining and applying the policies that will foster its competitive advantage at all times. Therefore, IT governance ensures that the expectations are achieved and that the company mitigates the risks. IT governance is integrated in a business framework,...
Since IT governance's success is measured through its ability to carry out programs appropriately and deliver services successfully, IT auditing activities must have the competency and authority to evaluate financial and program integrity, efficiency and effectiveness (Van, 2009).
Foresight: IT auditors help IT managers and the company look ahead through identifying trends and calling attention to emerging risks and challenges before they develop into crises. IT activities might highlight future challenges like from economic conditions and demographic trends. It also identifies opportunities and risks emerging from rapidly changing technology and science and changes in the economic climate. These issues tend to be the primary sources of long-term risks likely to receive low priority in terms of attention. This is because scarce resources tend to drive short-term focus on urgent issues…
References
Moeller, R.R. (2013). Executive's guide to IT governance: Improving systems processes with service management, COBIT, and ITIL. Hoboken, N.J: Wiley.
Van, G.W. (2009). Strategies for information technology governance. Hershey: Idea Group Pub
IT Governance lays special emphasis on the system of information technology, along with the performance and risk management of the IT infrastructure in an organizational context. The primitive focus of IT Governance is the assurance of the fact that investment in the Information technology infrastructure is contributing to generate business value and at the same time lessen the potential risks pertaining to the Information Technology. This objective is attained by
The need for continually creating and updating the security techniques and technologies involved in an enterprise system is the ethical responsibility of the IT professional. In order to successfully protect the information and intellectual property assets of a firm, an IT professional also needs to make a personal commitment to stay as current as possible on existing and future technologies (Pemberton, 1998). This commitment needs to be supported by the
It is possible to avoid becoming a victim of such crimes through some basic precautionary methods. Firstly, it is essential to store or discard personal information in a careful manner. This means personal documents should not be left lying around or shared through internet. All personal information should be stored in a secure place. All sorts of old receipts, expired cards, bank statements and checks should be disposed of
Information Technology -- Annotated Bibliography Information Technology Baker, N. (2011). The Borderless Enterprise. Internal Auditor, August, 28 -- 33. This article endeavors to explain the various trends in digital media. The author contends the use of digital technology is evidence of a deeper trend and shift in global culture. The article is as philosophical as it is technical. This article could be considered a technical article or a philosophy of technology article. Durkee, D.
For example, it is no longer advisable to use a paper-based payroll, as apart from being more likely to become subject to fraud, it is an environmental hazard. Imagine the filing needs for a payroll for 100 people in one year only. Also, there's the consideration that almost everyone has and uses email. Electronic mail enables immediate correspondence between separate entities and quicker responses to urgent matters. More than this,
The company's consistent top line revenue growth also illustrates it has been successful in transforming its supplier network into one that operates more on knowledge, less on purely price or product decisions. As a result the company is capable of competing more at the process level and less at the purely price-driven one (Reese, 2007). In terms of the company's factors for success, the greater opportunities is to move into