COBIT
IT governance processes
Corporations are striving to create value from IT processes. Managers have acknowledged that IT-oriented behaviors and decisions must conform to the organizational performance goals. However, most people within organizations are making decisions that influence the value of IT. IT governance refers to the process whereby businesses align their IT activities with their performance objectives. Therefore, IT Governance is the accountability and decision frameworks to encourage desirable activities and behavior in the IT use (Brand & Boonen, 2007). It mirrors the principles of broader corporate governance and focuses on the use and management of IT in achieving organizational performance goals. IT outcomes are difficult to measure hence companies must assign responsibility to assess achievement of the desired outcomes. IT governance cannot be applied in isolation as it is connected to various key enterprise assets such as intellectual property and human resources. Hence, IT governance shares mechanisms like budget processed with various governance processes. It thus coordinates corporate wide decision-making procedure.
Studies indicate that firms founded on effective IT governance generate 30% profits compared to firms pursuing other strategies (Selig, 2008). This is supported...
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