Business Knowledge

IT Governance: Core Concepts

Is Your IT Working for Your Business?

IT governance ensures your technology investments align with your business goals.

The 5 Key Areas to Check:

  1. Strategic Alignment:

    • Are your IT projects directly linked to your company’s strategic goals?
    • Does IT understand the business strategy?
    • Why: No more IT projects for IT’s sake.

  2. Value Delivery:

    • Is IT delivering the promised benefits and ROI for its investments?
    • Are IT services reliable and high quality?
    • Why: Ensure IT creates tangible value.

  3. Risk Management:

    • Are IT risks (e.g., cybersecurity threats, data loss) identified and managed?
    • Does the board understand IT risks?
    • Why: Protect the business from technology-related disruptions.

  4. Resource Management:

    • Are IT personnel, software, and hardware effectively and efficiently deployed?
    • Is the IT budget optimized?
    • Why: Get the most out of your IT investments.

  5. Performance Measurement:

    • Are IT’s performance and value delivery being tracked with clear metrics?
    • Are these metrics reviewed regularly by business leaders?
    • Why: Drive continuous improvement and accountability.

Golden Rule: IT governance isn’t just for IT geeks. It’s for business leaders who want to ensure their technology is a competitive asset.