Conversations from the Mirror42 Team

ValIT is a governance framework including generally accepted guiding principles and supporting processes related to the evaluation and selection of IT-enabled business investments, and benefit realization and delivery of value from those investments. The ValIT framework is based on the COBIT framework. To obtain a return on investment, the ValIT principles are applied to management processes including value governance, portfolio management, and investment management.

“IT governance is not about technology per se, it’s about the achievement of organizational success,” Nicholson says. “You often hear executive management complaining about expensive, disconnected, multi-platform systems, but what needs to be asked is: how did they get there in the first place? It all comes down to IT investment decisions, and the processes and responsibilities governing those decisions.”

Read more in this interview.

“In many organisations, the board has taken a hands-off approach to IT, allowing the IT department or even third parties to whom IT is outsourced to take decisions and suggest projects that might benefit the business. Such misalignment can have financial consequences and lead to events which are damaging to the reputation of an organisation.“

Article explaining the role of corporate governance over technology.

“Recent US surveys by firms Gartner and Forrester show a growing focus by CIOs on IT governance but, in the Gartner case, a “disconnect” between the CIO view and business management’s view of the role and importance of such governance.”

“Gartner says the major reported root causes of business – IT misalignment regarding IT governance include lack of commitment, accountability and full engagement by business management. Many respondents also indicated a lack of understanding and awareness by business management of the importance of IT governance.“

“CIOs did not see a distinct difference between IT governance and line operating responsibility of senior business and IT management (80% of respondents said they overlapped). In fact, IT governance was seen as a broad senior management operating responsibility.“

Read more in this article in Computerworld