IT Governance
IT governance is an element of corporate governance, aimed at improving the overall management of IT and deriving improved value from investment in information and technology. IT governance frameworks enable organisations to manage their IT risks effectively and ensure that the activities associated with information and technology are aligned with their overall business objectives.
IT governance also enables an organisation to:
- Demonstrate measurable results against broader business strategies and goals.
- Meet relevant legal and regulatory obligations, such as those set out in the GDPR (General Data Protection Regulation) or the Companies Act 2006.
- Assure stakeholders they can have confidence in your organisation's IT services.
- Facilitate an increase in the return on IT investment; and
- Comply with certain corporate governance or public listing rules or requirements.
There are five domains of IT governance:
- Value delivery
- Strategic alignment
- Performance management
- Resource management
- Risk management