IT Governance Framework

The establishment of IT Governance closely follows the reasons that a formal body of corporate governance is created. For one, corporate governance seeks to make the company more appealing to both stakeholders and shareholders by adding to its transparency and social responsibilities and management ethics. IT Governance adds to standard corporate governance by introducing decision-making processes about how IT performance is measured and how investments will be made in IT infrastructure. This is often done by a governance committee who has authority over implementation. That's why IT governance should sit at the highest level of the organisation. There is room for IT governance wherever there are decisions to be made regarding how to utilise technology resources to make a unit function better. In order to attain the optimal results, the IT governance body should be responsible for the following:

• Establishing and communicating an organisation-wide IT vision that supports the mission and goals
• Establishing IT policies that support strategic & IT priorities
• Establish and control the overall budget for total spend
• Suggesting or recommending technical architecture and standards
• Establishing best practices and processes