Governance gets those who demand IT services deeply involved in decision making – how IT decisions are made, who gets to make them and who’s accountable for what. The decisions and accountabilities made become transparent and trustworthy. It takes IT strategies and business strategies and ties them together as well as keeping them in-sync.
Good governance helps companies make better and faster IT related decision. This ultimately means better delivery of IT projects since they have already been approved and seen as important business successes. The hallmark of good governance revolves around six key markers:
- Differentiated business strategies
- Clear business objectives for IT investments
- Senior executive participation
- Stability with few changes in the process
- Well-functioning disagreement process
- Consistent methods of communication
Governance creates a solid foundation for ensuring that IT strategy is perpetually synchronized with business strategy, no matter how it changes or how frequently.
As the volatility of the economy continues, a new climate of business accountability is now emerging. This” climate change” is evidenced by the rising number of both regulatory and risk management measures being adopted by companies. These clearly provide IT leaders with a greater role and a unique position to lead the improvement of business predictability and the curbing of business excess.
There has never been a better time to tackle governance and help transform the business. Keeping with my last post on fundamentals and lists, I have compiled another important one that will hit home with many.
- Set clear goals
- Get buy-in
- Establish decisive policies
- Secure everything
- Manage data carefully