My School

In: Historical Events

Submitted By mymind
Words 295
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What is transparency in the context of IT governance, and why is it important?

The transparency of IT Governance is that it covers the culture, organization, policies and practices. According to the consulting portal in Necessary Frameworks for IT Governance; The Definition IT Governance directs and controls how an IT organization administers necessary IT services to its clients. IT Governance specifies the rights and responsibilities of the parties involved, such as customers, regulators and stakeholders. It defines the policies and procedures under which an IT organization functions, as well as the mechanism to ensure compliance with those rules and regulations. IT Governance also provides the structure through which the IT Organization’s objectives are set, and the means of attaining those objectives and monitoring its performance IT governance is important simple because it guarantees value and eliminate majority of risks and limits future risk. IT determines how well services are provided and how well the company is reaching its customers. Providing service can also expose the business to risk that can interfere with daily operations. Management must be able to make good decision that will minimalize risk. IT governance has the management’s ability to organize, control and direct the company’s IT activities and its objectives. In IT governance organizational structure, leadership and processes are utilized to control the resources and align IT. This also includes management risk, handling of resources and maintaining the performance of management. This challenge the expectations of stakeholders particularly when business components use similar services and applications are held by specific business units that organize and control the budget to support, create new developments and designs. This method needs the assessment of…...

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