IT Governance

Effective IT Governance is the Need of the Hour

Every organization must have a mechanism that monitors, regulates, and governs the value creation efforts of IT systems. Governance assists organizations in ensuring the effective prioritization of IT initiatives and further help in dealing with the performance and risk management of those IT systems. Given the rapidly changing and evolving technology options that confront business leaders, effective IT governance proves to be a critical tool to align the organizations and efforts that support business strategy. In this article at Educausereview, Carlos Lobato discusses the study conducted by New Mexico State University, which investigated the need for institutional IT governance. Besides, he provides some insights into the governance improvement process.

Why is Formal IT Governance Crucial?

Implementation of formal IT governance facilitates the organizations to move towards a more holistic and proactive approach to addressing security threats and managing compliance requirements. Carlos explains, “The general purpose of IT governance is to ensure that IT resources and the information contained in those resources is deployed in a way that meets an institution’s goals. Every institution — large and small, public and private — needs a way to ensure that the IT function sustains the organization’s strategies and objectives.” 

A Roadmap for Implementing and Improving IT Governance

Effective IT governance demands a proper organizational structure, a strong business case, an appropriate culture, and the environment. Organizations must ensure that each implementation approach addresses specific challenges. Additionally, the implementation of the IT governance process must be a continuous effort.

Carlos describes that the formation of committees (executive technology committee, academic and research technology committee, institutional management technology committee, and technology infrastructure committee) will assist organizations in setting institutional policy, prioritizing opportunities, making informed decisions, and establishing well-defined roles.

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