Group reporting requirements. To help with this process a

Group Assignment 1

 

IT
Governance:  Organizational
changes which help in gaining
visibility into the demands and requirements for the IT project and rollout of
strategic on an enterprise level which help companies to reduce cost of
operations on a day to day basis and improve overall operation efficiency
helping to free resources for strategic initiatives to improve competitiveness
and time efficiency.  This process
requires few questions to be asked

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·       
What decisions must be made to ensure
effective management

·       
Who should make these decisions

·       
How will these decisions be monitored?

Generally, every management in the
world has encounter employees resistance from practicing the new ways and stick
to the old once even though the new ways of business in universally accepted. Because
of these scenarios It is necessary CIOs must be willing to take a lead in the
search of value creating IT processes. If they are not, other managers and real
experts are glad take a chance, in language that resonates with CEOs. For
example, companies talk of “IT value creation levers” and the amount each can
contribute to earnings per share. They also include “reduce IT cost base and
enhance IT effectiveness,” “improve current business model and processes
through IT,” and “grow top line with new IT-enabled products and enhanced
capabilities.” It is known that When CIOs discussion this model with CEOs and
CFOs in this manner, they tend to give attention.

According to 2005 IT productivity
survey by Accenture 54 percent of all IT projects are challenged to be
completed and 18 percent fail completely. Further, 56 percent of business
executives surveyed, along with 38 percent of IT executives, felt that IT
delivery standards are not meeting investment that business makes in it.

In a book “IT
Governance: How Top Performers Manage IT Decision Rights for Superior Results”
by Peter Weill And Jeanne Ross, they emphasize that today success of business
depend on its IT-department and that IT governance is now inextricably linked
with business governance, both because of IT’s critical business role and
because of regulations such as the Sarbanes-Oxley Act, as well as other
industry specific reporting requirements. To help with this process a new
process called Information Technology Infrastructure Library(ITIL) was developed in UK,
which is a library of best-practice IT processes to improve the
efficiency and effectiveness of IT operations. ITIL helps associations in all industries and sectors solve
business issues as well as improving IT capability. To make the improvements in
business value associations are using ITIL as a mentor. There are some benefits
using ITIL as a mentor to associations. ITIL provide better service scenario to
help in the business growth, risk management techniques, same line of business,
one-time investment can say it as cost reduction. ITIL reduces the work load
and it will be helpful in documenting, providing the details of the project at
a correct time. ITIL is helping the network-based providers by cutting their
budget. Apart from all these ITIL is providing the main inputs and statistical
assumptions that can lead the business growth in future. ITIL gives a structure
that affiliations can adjust to address their own issues. Affiliations require
not understand each procedure, simply those that look great and fit into the
way the association needs to participate later.

The first step in achieving effective
IT governance is making a hard-nosed assessment of where you are. One of the
most common pitfalls in implementing IT governance is trying to run before you
can walk. The well-known CMMi (Capability Maturity Model) is widely used to
measure overall levels of IT maturity within organizations. Another key tenet
of successful IT governance implementation is phased deployment. The temptation
is to try to tackle everything at once and “get it over with.” This is
generally a ticket to failure. Embedded habits take time to break, as even
Larry Ellison found out. There are two basic ways toward effective phased
deployment: pilot projects and pilot groups.