Though no organization was ready for the COVID-19 pandemic, effective IT governance can enable any firm to re-stabilize despite a crisis. Companies had to shift to the work-from-home model overnight and migrate their brick-and-mortar business online. Who could have thought about such a largescale epidemic when the year began? In this article at ISACA, Gabriel Cusu shares how IT governance supports business stability amid crisis.
IT Governance and Crisis Management
IT governance enables organizations with a business continuity plan (BCP) to stay afloat, notwithstanding the risks. The COBIT 2019 guideline explains BCP as a framework that helps ‘respond to incidents’ and ‘adapt rapidly’ to continue essential business operations and IT processes.
How to Make It Work?
You must analyze the processes and functions which help you keep the lights on. Find out how the IT teams support those operations and what you should be doing to stabilize the business amid a crisis. You should have a contingency plan in the IT governance processes to support activities once the primary operations halt. For instance, your website has stopped working. You should have a backup site with the basic features until the IT teams get the primary site back online.
Organizations are relying on cloud services to have a backup of their enterprise data. You can avail of a SaaS or PaaS service apart from having an in-house database solution. Cloud service providers offer security and accessibility. Their solutions can reduce your capital expenditure, and you no longer have to bear the cost of maintaining a highly skilled IT team. However, it depends on your IT governance protocols and the risk appetite your enterprise can tolerate.
Certified in Governance of Enterprise IT (CGEIT) is a course that IT governance professionals can utilize to respond to IT security and business continuity needs. You will get to know about the various frameworks like COBIT, PMBOK, ITIL, ISO 27xx, COSO, TOGAF, Zachman, SABSA, and Lean Six Sigma. You can customize their best practices to suit your corporate requirements.
To view the original article in full, visit the following link: https://www.isaca.org/resources/news-and-trends/isaca-now-blog/2020/it-governance-and-the-covid19-pandemic