Enterprise Governance
The I&T (Information and technology) infrastructure of an organization have their specific risks and requirements to provide a secured and reliable technological environment. Standards and frameworks are needed for enterprise governance and management. These standards and frameworks help organization to accomplish organizational objectives of compliance and governance.
Some standards and frameworks include COBIT, ITIL, ISO 27000, ISO 31000, Six Sigma, LEAN, the Balanced Scorecard, etc.
Enterprise Governance has gained prominence due to increased changes in IT technologies.
COBIT supports implementation of other frameworks. The implementation is effective and efficient under COBIT 2019. The implementation achieves the right business outcomes
As per the ISO/IEC 38500 standard for IT governance, defines six principles:
- Establish responsibilities
- Plan to best support the organisation
- Make acquisitions for valid reasons
- Ensure necessary levels of performance
- To ensure conformance with rules
- Ensure respect for human factors
As per Van Grembergen & De Haes, Enterprise governance of IT (EGIT) is an integral part of corporate governance and addresses the definition and implementation of processes, structures and relational mechanisms in the organisation that enable both business and IT people to execute their responsibilities in support of business/IT alignment and the creation of business value from IT-enabled business investments.
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