An overhaul of your IT governance framework can be fun and profitable. This may sound a little far-fetched, but bear with me.
IT leaders, including chief information officers (CIOs), must ensure proper governance over all aspects of the IT estate. IT governance focuses on five core principles, according to theISACA’s COBIT 5 framework:
- Meeting stakeholders’ needs
- Covering the enterprise end-to-end
- Applying a single integrated framework
- Enabling a holistic approach
- Separating IT governance from management
The problem with the IT governance model is that the first principle is often a victim of the requisite processes and policies for the other four. This focus on how to implement the governance framework to control and reduce risk has a problem — it makes IT unwieldy and unable to meet the needs of stakeholders.
The governance of IT investments is a mess, and IT governance is killing enterprise innovation, according to a Harvard Business Review report. That’s a bit heavy-handed, but the core premise of the article is correct: Far too many IT investments are tactical and not driven by value creation for the business.
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John Treadway 