IT Governance is a set of processes that ensure the efficient use of IT to every organization to align IT strategy with business strategy , to track their status, to achieve their goals , to implementing their strategies and to measure IT’s performance . IT governance is focused on establishing investment descisions and oversight processes that helps the business. IT governance covers few major guidance : how IT should be used in the business , How It Deparment is functioning overall , who makes the decisions and how it represents ,what are the key management metrics are need , how much pofits did the IT is giving back to the business , concerned with business cases and investments which describes …show more content…
• to Define how the enterprise should design and implement IT investment decision-making and oversight processes.
• to Determine the approach to designing and implementing an IT management scheme. It should track investments,funding and policies, and determine the measures of success for approved investments.
• Attaining agreement on priorities .
• Contribute to performance metrics.
• To understand the resources necessary to accomplish the initiatives. Organizations , which don’t have effective governance suffer from low performance, high risk exposure, and resource allocation that may appear inappropriate. Organizations should follow four areas of governance to be effective .
1. Enterprise Architecture : It is a blueprint regarding technology , people , processes and information about the business .it will reduce the long term cost and enables the IT to be responsive to business needs .
2. Protofolio Management : It is used to balancing the needs for detailed analysis and making fast decisions . It manages high project demand with limited resources . The key is to create a process that builds a portfolio that will generate the most business
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Information risk and Security : The "consumerization" of IT and the emergence of cloud technologies means that more and more information is located outside the entreprise firewall. Governance of plans, policies and frameworks is critical as organizations experience an explosion in the number and diversity of risks. The organizations have a way to structure the information risk function and its governance mechanisms helps protect technology and information from both internal misuse and external disruptions.
Information security governance is nothing but the tools and business processes that ensure that security is carried out to meet an specific needs of an organization . It requires roles and responsibilities , organizational structure, performance measurement, defined tasks and oversight mechanisms. Implementing a risk evaluating for all information in a company is costly, time-consuming and can make pressure to the available resources . It’s is difficult to the organization to identify the right level of details which are in risk and access risk based on the business .
Few basic outcomes of information security should be included in IT governance
By revamping our perception and alignment of IT, we can change the “traditional view of IT as an expense rather than a revenue generator” (Luftman & Brier, 1999) (as cited, Danielle Lohmann, Discussion 1, 11:44 PM). As you mentioned, IT alignment is simply the confluence of organizational purpose and technology within the enterprise (John Nicolay, Discussion 1, 3:03 PM). With the integration of IT, it would seem like it would be a natural progression from one stage to the next, but changes without a strategic plan will fall short of expectation. In Discussion 1, Laxamana details the six types of enabler and inhibitors to alignment. Of the twelve total items, six directly pertains to the involvement of senior executives and/ or IT management and leadership.
They also handle all aspects of information security. This includes teaching others about computer security, inspecting for security violations,
I hope to help both individuals and small businesses in my community grow and be financially successful. I plan to add Value to the clients and communities by tailoring each individual portfolio to match the industries of interest of the client, and try to support local businesses through development opportunities and using my network to give access to essential business connections and services. 2. Please detail the types of prospective clients you believe will allow you to build your business to fulfill your vision. I plan on reaching out to young working professionals who have recently entered the workforce, using my network connections within the hospitality industry to find those who need financial guidance. I also plan to reach out to the rural communities, such as farmers and small businesses, to give opportunities for investment and growth.
Week 2: Aligning Risks, Threats, and Vulnerabilities to COBIT P09 Risk Management Controls Lab #2 Lab Report File: Risk Management – IS355 Sherry Best Nicole Goodyear January 23, 2018 Describe the primary goal of the COBIT v4.1 framework. Define COBIT. The purpose of COBIT is to provide management and business process owners with an information technology (IT) governance model that helps in delivering value from IT with understanding and managing the risks associated with IT. COBIT also bridges the gaps between control requirements, business risk, and technical issues.
The Information Security Manager reports in their capacity to the CEO. Company officers, executives, directors, employees, contractors and third party service providers cooperate and work with the Information Security Manager to ensure the protection of customer’s non-public information and Licensee’s Information Assets. Policies, such as Enterprise Antivirus Program, Network Access, Software Development Security Standards, Physical Security, Vendor Manangmenet Ativirus, Mobile Computing/Remote Access, Inromation Security Risk Assessment, Social Media, Data Loss Prevention, and Secuiryt Incident Response Policies have been implemented to protect customer’s non-public personal information and company Information
1.2.3 Strategies • Review IT organizational structure • Review IT policies and
The risk management process establishes the methodology for risk enterprises framework for the of many businesses (Fraser & Simkins, 2010). A retail business such as Target needs to do a risk assessment to establish the types of risks being faced by the organization. The risk assessment process starts with the identification and categorization of risk factors. High customer interaction of the retail businesses like Target, need to identify risk as a continuous basis effort over the lifetime of the business (Mandru, 2016). It important that the business leaders, set goals and priorities for the risk management system.
The first step that the auditor should take is to gather as much information about any security procedures and policies that may have been in use following the information collected from the records available. Since each policy may have a different aspect that it works on, the findings from the audit may present evidence that may be vital in identifying the existing procedures or the absence of any policies or procedures. The existence of policies and procedures enables a company to reduce the occurrence or the impacts of a given risk. The lack of such policies may lead to reduced risk management
Worth noting is that, IT governance and its mechanisms such as; IT organizational structure, governance committees, approvals and budgeting processes (Weill, 2004) can be found in every enterprise but the only difference is that, enterprises with an effective proactive governance also have in place active IT governance mechanisms which enables their appropriate behavioural patterns to be fitted into the organization’s goals, strategy, values, norms, mission, and culture, to crown it all successful. Therefore from the above description of IT governance one can now easily pin-point the key issues related to an effective IT governance mechanisms, highlighted in Galliers & Leidner chapter 12, (2009, p. 303-4) by Weill, (2004) as explained below:
The company could also invest on human resource by recruiting high caliber workers, training, and have attractive compensating employees to lower turnover and talents, which could be taken by its
Furthermore, the company is increasingly appealing to customers and continues to maintain more than 90% of its members year to year. With the leadership at the helm of the company and their commitment to maintaining their competitive advantage, this remains an incredibly appealing business model. However, replicating this model would be incredibly challenging for small scale
Step one is to identify all key stakeholders of the company. Step two is to work out their power, interest and influence so you know who to focus more on. Step three is to develop a good understanding of the key stakeholders so you can figure out how to win
The use of communication and unity are the key characteristics for a well- run organization. This reenterates the statement made by O’Toole and _____ involvement from managers enforces subordinates to move forward in a more suitable manner. Consequently organizational structure is necessary for a well implemented
- IT platform and core applications software support world-class SCM - Advanced decision support capabilities have the greatest impact on business performance - Data are required to manage the core business
A system to check and balances the benefit of all the board of directors and to avoid some of top management from making decisions that only benefit themselves is created and named corporate governance. Corporate governance means the system of rules, practices and processes by which a company is directed and controlled. The set of rules provided as a guidelines for the board of directors to make sure that accountability and fairness in a company’s relationship with its stakeholders such as financiers, customers, management, employees, shareholders and also society in order to achieve company’s goals and targets in a manner that add a value to the company. All of the stakeholders play an important role in corporate governance to ensure that