Discussion: IT Governance (150+150 = 300 words)

Discussion 1

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IT governance creates a basis for aligning IT with business objectives. An organization can achieve its strategy and objectives by following a structured framework and producing quantifiable outcomes. The formal plan also considers the stakeholders’ interest, as well as the demands of personnel and the way they function. IT governance, in general, is an important aspect of overall corporate governance. COBIT may help a variety of businesses and functions in a variety of ways. COBIT, for example, may aid in auditing and ensuring that firms manage vulnerabilities and comply with regulations. (Haouam, 2020)

            Many firms employ T governance to assist manage risk, limit IT expenses, and guarantee that their IT activities are performing to their maximum capacity. Customers working with Managed Service Providers (MSPs) frequently desire assurance that the MSP will be able to offer them with the same benefits that large organizations receive through internal IT governance. Another governance structure is ITIL. COBIT is a collection of techniques that help senior management understand how to manage their company’s information technology. ITIL is a road map that outlines how IT personnel should structure their everyday procedures. (Percheiro et.al, 2017)

            IT governance refers to the procedures in place to assist an organization in making the most of its IT resources in order to achieve its goals. It dictates how businesses evaluate and deliver technology, as well as how they execute and utilize it to achieve quantifiable business goals. To deliver services, collect data, and engage with consumers, today’s businesses rely on their IT infrastructure. Organizations may face difficult situations if they do not have a strong IT oversight plan that includes technology needs and abilities into critical decisions. This will force them to reconsider their IT investments and make significant changes instantaneously to thus become business goals. (Solaimani et.al, 2019)

            Senior managers and operational-level managers can use the governance framework to clearly define and monitor individual objectives, goals, performance, risk appetite, and reporting requirements. These characteristics will also be successfully communicated to the appropriate persons inside the company. As a result, the governance framework is a guidance system comprised of conventional management practices tailored to the organization’s governance framework. Goals, policies, values, culture, responsibilities, and performance are all established by the corporate governance structure (Solaimani et.al, 2019). Risk management and security risk management are critical components of a successful corporate governance strategy.