IT governance (ITG) is defined as the processes that ensure the effective and efficient use of IT in enabling an organization to achieve its goals.
IT demand governance (ITDG—what IT should work on) is the process by which organizations ensure the effective evaluation, selection, prioritization, and funding of competing IT investments; oversee their implementation; and extract (measurable) business benefits. ITDG is a business investment decision-making and oversight process, and it is a business management responsibility.
IT supply-side governance (ITSG—how IT should do what it does) is concerned with ensuring that the IT organization operates in an effective, efficient and compliant fashion, and it is primarily a CIO responsibility.
COBIT 5 is a framework from the Information Systems Audit and Control Association (ISACA) for the management and governance of information technology (IT). The goal of the COBIT frameworks is to provide a common language for business executives to communicate with each other about IT-related goals, objectives and results. COBIT is also designed to help enterprises to:
- Assure information is accurate to support business decisions
- Achieve strategic goals by using IT assistance
- Maintain operational excellence by using technology effectively
- Keep IT-related risk at an acceptable level
- Optimize IT services and technology costs
- Maintain compliance with relevant laws and regulations
The COBIT frameworks have become an industry standard for IT management and governance.
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