Best Practices for Implementing an IT Governance Initiative

The best way to begin an IT governance initiative is to define a proven framework that will work for your organization. This will provide a starting point and guidelines throughout the process. A successful IT governance initiative requires detailed planning and begins at the top with a clear mandate and direction for IT management responsibilities. This allows for the proper implementation of processes and controls that focus on measurable costs and benefits. Governance also works toward the development of organizational trust when initiating IT projects, especially those that are cross-departmental. When governance fails, it can impact more than the bottom line. Best practices protect shareholders and stakeholders from financial or regulatory harm, as well as provide protections to mitigate the undefined costs of a lost reputation or public trust.

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