2-Positioning GEIT Flashcards
What are the typical external factors that affect GEIT implementation?
• The community’s ethics and culture
• Ruling laws, regulations and policies
• International standards
• Industry practices
• The competitive environment
What are the typical examples for internal factors that affect GEIT implementation?
The enterprise’s:
– Mission, vision, goals and values
– Governance policies and practices
– Culture and management style
– Models for roles and responsibilities
– Business plans and strategic intentions – Operating model and level of maturity
What are the simplest meaning of the word “Governance”?
To steer
What is the difference between “Enterprise Governance” and GEIT?
GEIT is a part of enterprise governance
What is the definition of governance in COBIT 5?
Governance ensures that stakeholder needs, conditions and options are evaluated to determine balanced, agreed-on enterprise objectives to be achieved; setting direction through prioritisation and decision making; and monitoring performance and compliance against agreed-on direction and objectives
What is the required balance when considering GEIT implementation?
Balancing the required significant investment with the expected results form business transformation
What are the major two section of the GEIT cost structure?
- Transformation and innovation initiatives
- Post-implementation maintenance and optional costs (Keeping the light on)
Why many GEIT initiatives fail?
Because it fails to demonstrate the added value form the initiatives in comparison to the costs
What are the typical spectrum of IT-Related risks in the age of the (Networked Economy)?
- The non-availability of customer-facing business systems
- The disclosure of customer or proprietary data
- The missed business opportunities due to an inflexible IT architecture
What is the major influencing factor that raised the need of GEIT?
The increasing of the complex regulatory environments that face the organisations?
What are the most evident examples of complex regulatory environments that face organisations?
- Financial institutions
- Banking sectors
What are the currently examples of nation wide GEIT initiatives?
- Banking Regulation and Supervision Agency (BRSA) of Turkey
- Corporate Governance in South Africa—King III—includes, for the first time in a national governance code
What GEIT should deliver (its added value)?
- Benefits realisation
- Resource optimisation
- Risk optimisation
What GEIT should be aligned and in harmony with (amongst others) the?
• Enterprise policies, strategies, governance and business plans, and audit approaches
• Enterprise risk management (ERM) framework
• Existing enterprise governance organisation, structures and processes
What are the expected business benefits form GEIT implementation?
- Increased value creation from use of IT
- user satisfaction with IT engagement and services
- reduced IT-related risk and compliance with laws, regulations and contractual requirements
- The development of more business-focussed IT solutions and services
- Increased enterprisewide involvement in IT-related activities
