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IT Governance is defined as the process or series of processes that ensures technical teams manage risks and operate in alliance with the organizations business objectives, thus providing value to stakeholders and generating a return on investment.
IT Governance is essential for organizational purposes. Companies face immense pressure to comply with stakeholders needs and associate with their shareholders. This context requires performing well, ensuring operational efficiency, and sound resource management.
IT Governance needs to obtain a few following objectives:
1. Strategic Alignment with Business:
All elements of a business, including the market strategy and the way the company itself is organized, are arranged in such a way as to best support the fulfillment of its long-term purpose.
Strategic planning plus implementation excellence equals strategic alignment, which can positively influence your organizational alignment.
IT Governance with strategic Alignment in Business is achieved in the following ways:
Aligning and uniting leadership teams
Develop and deliver the strategic guide
Bring the deliverers and designers with cross-functional collaboration.
2. Value Delivery :
The core objective of IT Governance must follow value delivery. IT assets must follow the value propositions across the software delivery life cycle.
An essential pillar of this criterion is optimizing costs and showcasing how valuable IT efforts and investments are during all stages of the delivery cycle.
3. Resource management:
IT Governance can ensure resource management while trying to deliver software for an organization. All the teams get on the same page and go through the guide to accomplish the business goals.
IT helps engineering executives understand how well IT assets are allocated and how to optimize team dynamics to improve software quality and delivery velocity.
4. Performance measurement:
A well-established IT governance enables Engineering Managers to measure software delivery velocity and the throughput for their respective teams, generate reports with actionable insights, and determine improvement opportunities. In doing so, they assess software development performance and align delivery velocity with quality and business needs.
Week 3 Discussion
IT governance, a part of corporate governance, is crucial for both management and engineers. It influences IT-related strategic choices by considering their effects and ramifications on business value (Ebert et al., 2020). Adding value to the business using information technologies and reducing the risks connected with them should be the two critical goals of business-oriented IT governance.
Inside IT governance are four key areas: strategic planning, value delivery, resource management, and performance measurement (Ebert et al., 2020). These four factors ensure IT projects can align with the strategic goals. The alignment of corporate governance and IT governance results are now measurable and monitorable. In addition, management entails behaviors and commitments aimed at effective company administration.
Under different global environments, the strategic goals and available resources may change. For example, a multinational corporation must adopt local resources and regulations when operating overseas. Resource management also needs to align with existing local recourses and do a cost-benefit analysis to evaluate the level of localization.
Another critical factor in global operation is compliance. Businesses should be aware of the regulation difference and comply with local regulations. Violating these laws will lead to unpredictable losses. Cross-border operations need to plan their IT projects and understand business tradeoffs strategically. For example, Europe and the United States have different privacy regulations. Companies operating in Europe need to follow their rules as well. Even in the US, each state has its state laws, like Colorado requires companies to keep transparency in pay and opportunities for promotion and advancement.
Ebert, Vizcaino, A., & Manjavacas, A. (2020). IT Governance. IEEE Software, 37(6), 1320.