IT Governance Institute (ITGI).To help business leaders and information technology security and audit professionals understand their roles and responsibilities regarding IT governance Governance makes decisions that define expectations, grant power, or verify performance. It consists either of a separate process or of a specific part of management or leadership processes. Sometimes people set up a government to administer these processes and systems. , the IT Governance Institute (ITGI ITGI IT Governance Institute ITGI Iffco-Tokio General Insurance Company (India) ) has released three new tools: Board Briefing on IT Governance, 2nd Edition (available free at www.itgi.org), along with an IT Governance Implementation Guide and the IT Governance Business Game. The Board Briefing on IT Governance provides boards and executives with guidance on governing gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. IT's role in the enterprise. Starting with a background overview, the Board Briefing explains where IT governance fits in the larger context of enterprise governance. In light of recent regulations such as Sarbanes-Oxley, it provides a simple framework for IT governance and its domains, including: * Strategic alignment of IT with the business. * The value delivery of IT -- on-time and within-budget delivery of appropriate quality for achieving the promised benefits. * The management of IT risks -- ascertaining that there is transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. about the significant risks and determining the enterprise's appetite for risk. * Performance measurement of IT -- use of a balanced scorecard Balanced Scorecard A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing that goes beyond short-term financial measures. * IT resources management -- the optimal investment, use and allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as of IT resources. The IT Governance Implementation Guide provides direction for implementing or improving IT governance using Control Objectives for Information and related Technology (CobiT). First introduced in 1996, CobiT includes an internationally respected framework of generally applicable and accepted IT governance and control practices. Building extensively on all of the CobiT components, the guide provides IT stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. with a detailed road map to help organizations meet IT governance needs. The IT Governance Business Game, a day-long exercise, is geared to all levels of IT governance stakeholders. By assuming roles they do not normally hold, participants gain a global perspective on key issues. Material for the game is based on CobiT. Web: www.itgi.org. |
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