All analysts currently agree that probably the biggest risk and concern to top management today is failing to align IT to real business needs, and a failure to deliver, or be seen to be delivering, value to the business. Since IT can have such a dramatic effect on business performance and competitiveness, a failure to manage IT effectively can have a very serious impact on the business as a whole. IT Governance covers this and more, and in light of recent corporate collapse, scandals and failure, enjoys a higher profile today than ever before. Back in 2003, IMPACT launched an IT Governance Specialist Development Group (SDG) to identify the issues that need to be addressed and to share and further develop the practical approaches to IT governance used in their organisations. Two years later this Best Practice Guide focuses on 12 key topics selected by the group because of their importance to effective IT governance: 1. The business case 2. Performance measurement 3. Implementation roadmap 4. Communications 5. Capability assessment 6. Risk management 7. Supplier governance 8. IT and audit working together 9. Information security 10. Legal and regulatory aspects 11. Architectures 12. Managing investment This briefing provides a high level set of business arguments for IT Governance. It also explains how an IT Governance initiative can enable business and IT executives to: Be sure that that they are aware of all IT related risks likely to have an impact on their organisation; · Know how to improve the management processes within IT to manage these risks; · Ensure there are manageable relationships with suppliers, service providers and with the business (customers); · Ensure there is a transparent and understandable communication of these IT activities and management processes to satisfy the Board and other interested stakeholders
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