Governance Exam Prep Flashcards
Huygh et al. Answering Key Global IT Management Concerns Through IT Governance and Management Processes: A COBIT 5 View
What is it about?
How the COBIT 5 framework can help manage governance in organizations.
The framework covers various IT areas like planning, building, and monitoring IT systems.
The most relevant COBIT 5 processes for an organization depend on its specific needs.
Bridges the gap between theory and pratice - choose the practices you need.
Manage Strategy is the most important for alignment between business and IT.
Huygh et al. Answering Key Global IT Management Concerns Through IT Governance and Management Processes: A COBIT 5 View
How do I reference other topics and Topdanmark?
Why does it makes sense that Manage Strategy is the most important for alignment between business and IT.
The most important
Governance processor er overalt, det der er vigtigt er samtidigt at skabe frihed. Og hvordan gøres det så?
- I software development gøres det ved at have autonome teams og lade management måle på hvor godt disse teams rammer deres mål.
- Think Mission not structure / metrics not directive / trust not control / Fully ressourced not matrixed / Owners not managers
At manage strategy er det vigtigste er ikke mærkeligt. At strategien er aligned har inflydelse til at det andet - referer chen
Huygh et al. Answering Key Global IT Management Concerns Through IT Governance and Management Processes: A COBIT 5 View
Critical perspective
COBIT 2019 vs COBIT 5: COBIT 5 was superseded by COBIT 2019, which focuses more on business goals and outcomes rather than specific processes. It might be interesting to see if the study’s findings hold true when applied to the updated framework.
This is like talking about ITIL v4 instead of v5
Also, see the reference to creating freedom - I think this is most important thing and with a large framework like COBIT this might collide. Especially with COBIT 5
Webb et al - attempting to define IT Governance - Wisdom or folly
What is it about?
No Single Definition: IT Governance lacks a universally agreed-upon definition, but it should encompass structures, control frameworks, and processes.
Three Components: IT Governance consists of organizational structures for IT (e.g., reporting), policies and procedures (e.g., security), and ongoing activities (e.g., budgeting, risk management).
New and Important: IT Governance is a recent field that’s increasingly crucial as businesses rely more on IT.
Webb et al - attempting to define IT Governance - Wisdom or folly
What is the proposed definition?
IT Governance is the strategic alignment of IT with the business to maximize business value through effective control, accountability, performance management, and risk management.
Webb et al - attempting to define IT Governance - Wisdom or folly
What are the implications for good vs bad IT Governance?
Good IT Governance leads to a higher return on investment in technology.
Poor IT Governance can lead to financial losses and legal issues.
Webb et al - attempting to define IT Governance - Wisdom or folly
How do I reference other topics and Topdanmark?
Topdanmark har forskellige aspekter af IT Governance. Software development - Deployment approvals (TCAB) - Styregruppe - SAFE - Legal - IT Security
Governance findes i EA og IT Sikkerhed især og er ikke som sådan influeret af den strategiske retning.
And that´s it - less is more
Webb et al - attempting to define IT Governance - Wisdom or folly
Critical perspective
What is interesting is how it is implemented, although a definition might help this.
It does not look at the power struggle which is an important aspect of IT Governance - Legal vs. business desires - IMPORTANT!
Weill & Ross - Designing IT Governance
What is it about? What are the three Governance Mechanisms?
Decision-making structures: Anarchy, Feudal, Monarchy (Federal (business or IT) or Duopoly (Both))
Alignment processes: Steps for defining reviewing and priotizing IT projects. IT Governance helps by making better decisions.
Formal communications: Well-designed, well-understood and transparent mechanisms
promote desirable IT behaviors and individual accountability
Weill & Ross - Designing IT Governance
What are the 5 major decision areas - what are they?
To decide who has the decision power in each area we ask questions.
Weill & Ross - Designing IT Governance
How top performing companies govern. The best way depends.
Weill & Ross - Designing IT Governance
Implications
Align IT governance with performance objectives: Successful companies design IT governance to achieve specific performance goals like profitability, asset utilization, or growth.
Match governance style with performance goals: Different IT governance styles are suited for different performance objectives.
Four-step design process:
1 - Identifying the company’s needs for synergy and autonomy (collaboration vs. individual unit control)
2. Establishing the role of the organizational structure
3. Defining the desired IT behaviors beyond what the structure enforces
4. Designing the IT governance plan on a single page
Governance is an ongoing process: Companies that struggle with strategic IT use may need to invest in learning and refining their IT governance over time.
Weill & Ross - Designing IT Governance
How do I bring up other topics and Topdanmark?
How it works in Topdanmark; SAFE - Streams, Styregrupper, Topledelse, EA.
Ny vinkel med eksterne kræfter - Vial og EA Jason
Weill & Ross - Designing IT Governance
Critical perspective
We look beyond the structures and processes which gets up to the actual benefits. I like the focus on accountability and decision making.
People and culture are really important factors on how to build IT Governance.
It says nothing about governance for external factors.
