IT Governance Framework - Revision history

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 == What is an IT Governance Framework? ==
-'''Information Technology Governance Framework''' or '''IT Governance Framework''' is a type of framework that defines the ways and methods through which an organization can implement, manage and monitor IT Governance within an organization. It provides guidelines and measures to effectively utilize IT resources and processes within an organization.<ref>[https://www.techopedia.com/definition/30607/it-governance-framework What is IT Governance Framework?-Techopedia]</ref>
+'''Information Technology Governance Framework''' or '''IT Governance Framework''' is a type of framework that defines the ways and methods through which an organization can implement, manage and monitor [[IT Governance]] within an organization. It provides guidelines and measures to effectively utilize IT resources and processes within an organization.<ref>[https://www.techopedia.com/definition/30607/it-governance-framework What is IT Governance Framework?-Techopedia]</ref>
 The IT governance framework highlights the ‘who’ and ‘how’ elements of the operating model. It defines the principles, rules, and processes that enable effective decision-making. It provides the framework to address how decisions are made, who has the authority to make decisions, and how decisions are communicated. The IT governance framework must be fit-for-purpose and flexible such that it can readily adapt to the customer’s changing business requirements. The IT governance framework should be multi-tiered, ideally across three levels: executive, commercial and operational. This not only ensures effective decision-making but also provides a clear escalation path for dispute resolution. The IT governance framework also needs to define the performance measures and reporting requirements – standardizing management information across all the different parties in your operating model will enable you to effectively evaluate the success of your operating model.<ref>[https://www.wavestone.com/en/insight/developing-effective-it-governance-framework/ Explaining IT Governance-Wavestone]</ref>

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 == What is an IT Governance Framework? ==
-'''Information Technology Governance Framework''' or '''IT Governance Framework''' is a type of framework that defines the ways and methods through which an organization can implement, manage and monitor [[IT Governance]] within an organization. It provides guidelines and measures to effectively utilize IT resources and processes within an organization.<ref>[https://www.techopedia.com/definition/30607/it-governance-framework What is IT Governance Framework?-Techopedia]</ref>
+'''Information Technology Governance Framework''' or '''IT Governance Framework''' is a type of framework that defines the ways and methods through which an organization can implement, manage and monitor IT Governance within an organization. It provides guidelines and measures to effectively utilize IT resources and processes within an organization.<ref>[https://www.techopedia.com/definition/30607/it-governance-framework What is IT Governance Framework?-Techopedia]</ref>
 The IT governance framework highlights the ‘who’ and ‘how’ elements of the operating model. It defines the principles, rules, and processes that enable effective decision-making. It provides the framework to address how decisions are made, who has the authority to make decisions, and how decisions are communicated. The IT governance framework must be fit-for-purpose and flexible such that it can readily adapt to the customer’s changing business requirements. The IT governance framework should be multi-tiered, ideally across three levels: executive, commercial and operational. This not only ensures effective decision-making but also provides a clear escalation path for dispute resolution. The IT governance framework also needs to define the performance measures and reporting requirements – standardizing management information across all the different parties in your operating model will enable you to effectively evaluate the success of your operating model.<ref>[https://www.wavestone.com/en/insight/developing-effective-it-governance-framework/ Explaining IT Governance-Wavestone]</ref>

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 == See Also ==
 *[[IT Governance Demand/Supply Model (Gartner)]]
 *[[Project Portfolio Management (PPM)]]
 *[[Project Portfolio Rationalization]]

@@ Line 27: / Line 27: @@
 == See Also ==
 *[[Project Portfolio Management (PPM)]]
 *[[Project Portfolio Rationalization]]

@@ Line 1: / Line 1: @@
 == What is an IT Governance Framework? ==
-'''Information Technology Governance Framework''' or '''IT Governance Framework''' is a type of framework that defines the ways and methods through which an organization can implement, manage and monitor IT governance within an organization. It provides guidelines and measures to effectively utilize IT resources and processes within an organization.<ref>[https://www.techopedia.com/definition/30607/it-governance-framework What is IT Governance Framework?-Techopedia]</ref>
+'''Information Technology Governance Framework''' or '''IT Governance Framework''' is a type of framework that defines the ways and methods through which an organization can implement, manage and monitor [[IT Governance]] within an organization. It provides guidelines and measures to effectively utilize IT resources and processes within an organization.<ref>[https://www.techopedia.com/definition/30607/it-governance-framework What is IT Governance Framework?-Techopedia]</ref>
 The IT governance framework highlights the ‘who’ and ‘how’ elements of the operating model. It defines the principles, rules, and processes that enable effective decision-making. It provides the framework to address how decisions are made, who has the authority to make decisions, and how decisions are communicated. The IT governance framework must be fit-for-purpose and flexible such that it can readily adapt to the customer’s changing business requirements. The IT governance framework should be multi-tiered, ideally across three levels: executive, commercial and operational. This not only ensures effective decision-making but also provides a clear escalation path for dispute resolution. The IT governance framework also needs to define the performance measures and reporting requirements – standardizing management information across all the different parties in your operating model will enable you to effectively evaluate the success of your operating model.<ref>[https://www.wavestone.com/en/insight/developing-effective-it-governance-framework/ Explaining IT Governance-Wavestone]</ref>
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 == Common IT Governance Frameworks ==
 '''Widely Used IT Governance Frameworks'''<ref>[https://www.itgovernance.co.uk/it_governance Neutral Vendor IT Governance Frameworks-itgovernance.co.uk]</ref><br />
-There are three widely recognized, vendor-neutral, third-party frameworks that are often described as 'IT governance frameworks'. While on their own they are not completely adequate to that task, each has significant [https://cioindex.com/references/it-governance/ IT governance] strengths:
+There are three widely recognized, vendor-neutral, third-party frameworks that are often described as 'IT governance frameworks'. While on their own they are not completely adequate to that task, each has significant IT governance strengths:
 *[[ITIL_(Information_Technology_Infrastructure_Library)|ITIL®]]: ITIL, or IT Infrastructure Library®, was developed by the UK's Cabinet Office as a library of best-practice processes for IT service management. Widely adopted around the world, ITIL is supported by ISO/IEC 20000:2011, against which independent certification can be achieved. On our ITIL page, you can access a free briefing paper on ITIL, IT service management, and ISO 20000.
 *[[COBIT_(Control_Objectives_for_Information_and_Related_Technology)|COBIT®]]: Control Objectives for Information and Related Technology (COBIT) is an IT governance control framework that helps organizations meet today’s business challenges in the areas of regulatory compliance, risk management and aligning IT strategy with organizational goals. COBIT is an internationally recognized framework. In particular, COBIT's Management Guidelines component contains a framework for the control and measurability of IT by providing tools to assess and measure the enterprise’s IT capability for the 37 identified COBIT processes. Read more about COBIT here >>
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 == Further Reading ==
-*The Benefits of [[Standard]] IT Governance Frameworks [https://www.datamation.com/netsys/article.php/2195051/The-Benefits-of-Standard-IT-Governance-Frameworks.htm Datamation]
+*[https://www.datamation.com/netsys/article.php/2195051/The-Benefits-of-Standard-IT-Governance-Frameworks.htm The Benefits of Standard IT Governance Frameworks -Datamation]
-*The Role and Benefits of a [[Corporate Governance]] Framework [http://deloitte.wsj.com/riskandcompliance/2013/05/24/the-role-and-benefits-of-a-corporate-governance-framework/ WSJ]
+*[http://deloitte.wsj.com/riskandcompliance/2013/05/24/the-role-and-benefits-of-a-corporate-governance-framework/ The Role and Benefits of a Corporate Governance Framework -WSJ]

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 == What is an IT Governance Framework? ==
-'''Information Technology [[Governance]] Framework''' or '''IT Governance Framework''' is a type of [[Framework|framework]] that defines the ways and methods through which an [[organization]] can implement, manage and monitor IT governance within an organization. It provides guidelines and measures to effectively utilize IT resources and processes within an organization.<ref>[https://www.techopedia.com/definition/30607/it-governance-framework What is IT Governance Framework?-Techopedia]</ref>
+'''Information Technology Governance Framework''' or '''IT Governance Framework''' is a type of framework that defines the ways and methods through which an organization can implement, manage and monitor IT governance within an organization. It provides guidelines and measures to effectively utilize IT resources and processes within an organization.<ref>[https://www.techopedia.com/definition/30607/it-governance-framework What is IT Governance Framework?-Techopedia]</ref>
-The IT governance framework highlights the ‘who’ and ‘how’ elements of the [[Operating Model|operating model]]. It defines the principles, rules, and processes that enable effective decision-making. It provides the framework to address how decisions are made, who has the authority to make decisions, and how decisions are communicated. The IT governance framework must be fit-for-purpose and flexible such that it can readily adapt to the customer’s changing [[business]] requirements. The IT governance framework should be multi-tiered, ideally across three levels: executive, commercial and operational. This not only ensures effective decision-making but also provides a clear escalation path for dispute resolution. The IT governance framework also needs to define the performance measures and reporting requirements – standardizing [[management]] information across all the different parties in your operating [[model]] will enable you to effectively evaluate the success of your operating model.<ref>[https://www.wavestone.com/en/insight/developing-effective-it-governance-framework/ Explaining IT Governance-Wavestone]</ref>
+The IT governance framework highlights the ‘who’ and ‘how’ elements of the operating model. It defines the principles, rules, and processes that enable effective decision-making. It provides the framework to address how decisions are made, who has the authority to make decisions, and how decisions are communicated. The IT governance framework must be fit-for-purpose and flexible such that it can readily adapt to the customer’s changing business requirements. The IT governance framework should be multi-tiered, ideally across three levels: executive, commercial and operational. This not only ensures effective decision-making but also provides a clear escalation path for dispute resolution. The IT governance framework also needs to define the performance measures and reporting requirements – standardizing management information across all the different parties in your operating model will enable you to effectively evaluate the success of your operating model.<ref>[https://www.wavestone.com/en/insight/developing-effective-it-governance-framework/ Explaining IT Governance-Wavestone]</ref>
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 An IT Governance Framework based on three major elements:
 *Structure: Who makes the decisions? What structural organizations will be created, who will take part in these organizations, and what responsibilities will they assume?
-*[[Process]]: How are IT investment decisions made? What are the decision-making processes for proposing investments, reviewing investments, approving investments, and prioritizing investments?
+*Process: How are IT investment decisions made? What are the decision-making processes for proposing investments, reviewing investments, approving investments, and prioritizing investments?
 *Communication: How will the results of these processes and decisions be monitored, measured, and communicated? What mechanisms will be used to communicate IT investment decisions to the board of directors, executive management, business management, IT management, employees, and shareholders
@@ Line 19: / Line 19: @@
 '''Widely Used IT Governance Frameworks'''<ref>[https://www.itgovernance.co.uk/it_governance Neutral Vendor IT Governance Frameworks-itgovernance.co.uk]</ref><br />
 There are three widely recognized, vendor-neutral, third-party frameworks that are often described as 'IT governance frameworks'. While on their own they are not completely adequate to that task, each has significant [https://cioindex.com/references/it-governance/ IT governance] strengths:
-*[[ITIL_(Information_Technology_Infrastructure_Library)|ITIL®]]: ITIL, or [[IT Infrastructure]] Library®, was developed by the UK's Cabinet Office as a library of best-practice processes for IT [[service]] management. Widely adopted around the world, ITIL is supported by ISO/IEC 20000:2011, against which independent certification can be achieved. On our ITIL page, you can access a free briefing paper on ITIL, IT service management, and ISO 20000.
+*[[ITIL_(Information_Technology_Infrastructure_Library)|ITIL®]]: ITIL, or IT Infrastructure Library®, was developed by the UK's Cabinet Office as a library of best-practice processes for IT service management. Widely adopted around the world, ITIL is supported by ISO/IEC 20000:2011, against which independent certification can be achieved. On our ITIL page, you can access a free briefing paper on ITIL, IT service management, and ISO 20000.
-*[[COBIT_(Control_Objectives_for_Information_and_Related_Technology)|COBIT®]]: [[Control]] Objectives for Information and Related Technology (COBIT) is an IT governance control framework that helps organizations meet today’s business challenges in the areas of regulatory [[compliance]], [[risk]] management and aligning IT [[strategy]] with organizational [[goals]]. COBIT is an internationally recognized framework. In particular, COBIT's Management Guidelines component contains a framework for the control and measurability of IT by providing tools to assess and measure the enterprise’s IT capability for the 37 identified COBIT processes. Read more about COBIT here >>
+*[[COBIT_(Control_Objectives_for_Information_and_Related_Technology)|COBIT®]]: Control Objectives for Information and Related Technology (COBIT) is an IT governance control framework that helps organizations meet today’s business challenges in the areas of regulatory compliance, risk management and aligning IT strategy with organizational goals. COBIT is an internationally recognized framework. In particular, COBIT's Management Guidelines component contains a framework for the control and measurability of IT by providing tools to assess and measure the enterprise’s IT capability for the 37 identified COBIT processes. Read more about COBIT here >>
-*[[Val_IT_Framework|Val IT]]: Val IT is a governance framework that can be used to create [[Business Value|business value]] from IT investments.
+*[[Val_IT_Framework|Val IT]]: Val IT is a governance framework that can be used to create business value from IT investments.
 *[[Calder-Moir IT Governance Framework]]: This framework provides structured guidance on how to approach IT governance, and can be useful for benchmarking the balance and effectiveness of IT governance practices within an organization.
 *[[Weill Ross Framework]] This framework is based upon decision rights and accountability to encourage desirable behavior in the use of IT.
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 == See Also ==
 *[[Project Portfolio Management (PPM)]]
 *[[Project Portfolio Rationalization]]
 *[[Stage-Gate]]

← Older revision		Revision as of 19:47, 6 November 2022
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	*[[Val_IT_Framework\|Val IT]]: Val IT is a governance framework that can be used to create [[Business Value\|business value]] from IT investments.		*[[Val_IT_Framework\|Val IT]]: Val IT is a governance framework that can be used to create [[Business Value\|business value]] from IT investments.
	*[[Calder-Moir IT Governance Framework]]: This framework provides structured guidance on how to approach IT governance, and can be useful for benchmarking the balance and effectiveness of IT governance practices within an organization.		*[[Calder-Moir IT Governance Framework]]: This framework provides structured guidance on how to approach IT governance, and can be useful for benchmarking the balance and effectiveness of IT governance practices within an organization.
		+	*[[Weill Ross Framework]] This framework is based upon decision rights and accountability to encourage desirable behavior in the use of IT.

@@ Line 2: / Line 2: @@
 '''Information Technology [[Governance]] Framework''' or '''IT Governance Framework''' is a type of [[Framework|framework]] that defines the ways and methods through which an [[organization]] can implement, manage and monitor IT governance within an organization. It provides guidelines and measures to effectively utilize IT resources and processes within an organization.<ref>What is IT Governance Framework? [https://www.techopedia.com/definition/30607/it-governance-framework Techopedia]</ref>
-The [https://cioindex.com/references/it-governance-framework/ IT governance framework] highlights the ‘who’ and ‘how’ elements of the [[Operating Model|operating model]]. It defines the principles, rules and processes that enable effective decision-making. It provides the framework to address how decisions are made, who has the authority to make decisions and how decisions are communicated. The IT governance framework must be fit-for-purpose and flexible such that it can readily adapt to the customer’s changing [[business]] requirements. The IT governance framework should be multi-tiered, ideally across three levels: executive, commercial and operational. This not only ensures effective decision-making but also provides a clear escalation path for dispute resolution. The IT governance framework also needs to define the performance measures and reporting requirements – standardizing [[management]] information across all the different parties in your operating [[model]] will enable you to effectively evaluate the success of your operating model.<ref>Explaining IT Governance [https://www.wavestone.com/en/insight/developing-effective-it-governance-framework/ Wavestone]</ref>
+The IT governance framework highlights the ‘who’ and ‘how’ elements of the [[Operating Model|operating model]]. It defines the principles, rules, and processes that enable effective decision-making. It provides the framework to address how decisions are made, who has the authority to make decisions, and how decisions are communicated. The IT governance framework must be fit-for-purpose and flexible such that it can readily adapt to the customer’s changing [[business]] requirements. The IT governance framework should be multi-tiered, ideally across three levels: executive, commercial and operational. This not only ensures effective decision-making but also provides a clear escalation path for dispute resolution. The IT governance framework also needs to define the performance measures and reporting requirements – standardizing [[management]] information across all the different parties in your operating [[model]] will enable you to effectively evaluate the success of your operating model.<ref>Explaining IT Governance [https://www.wavestone.com/en/insight/developing-effective-it-governance-framework/ Wavestone]</ref>
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 '''Elements of an IT Governance Framework'''<ref>What are the Elements of an IT Governance Framework [http://www.academia.edu/4430617/IT_Governance_Framework Wilson Poclín]</ref><br />
 An IT Governance Framework based on three major elements:
-*Structure: Who makes the decisions? What structural organizations will be created, who willtake part in these organizations, and what responsibilities will they assume?
+*Structure: Who makes the decisions? What structural organizations will be created, who will take part in these organizations, and what responsibilities will they assume?
 *[[Process]]: How are IT investment decisions made? What are the decision-making processes for proposing investments, reviewing investments, approving investments, and prioritizing investments?
-*Communication: How will the results of these processes and decisions be monitored, measured,and communicated? What mechanisms will be used to communicate IT investment decisions to the board of directors, executive management, business management, IT management,employees, and shareholders
+*Communication: How will the results of these processes and decisions be monitored, measured, and communicated? What mechanisms will be used to communicate IT investment decisions to the board of directors, executive management, business management, IT management, employees, and shareholders
@@ Line 19: / Line 19: @@
 '''Widely Used IT Governance Frameworks'''<ref>[[Vendor]] Neutral IT Governance Frameworks [https://www.itgovernance.co.uk/it_governance itgovernance.co.uk]</ref><br />
 There are three widely recognized, vendor-neutral, third-party frameworks that are often described as 'IT governance frameworks'. While on their own they are not completely adequate to that task, each has significant [https://cioindex.com/references/it-governance/ IT governance] strengths:
-*[[ITIL_(Information_Technology_Infrastructure_Library)|ITIL®]]: ITIL, or [[IT Infrastructure]] Library®, was developed by the UK's Cabinet Office as a library of best-practice processes for IT [[service]] management. Widely adopted around the world, ITIL is supported by ISO/IEC 20000:2011, against which independent certification can be achieved. On our ITIL page, you can access a free briefing paper on ITIL, IT service management and ISO 20000.
+*[[ITIL_(Information_Technology_Infrastructure_Library)|ITIL®]]: ITIL, or [[IT Infrastructure]] Library®, was developed by the UK's Cabinet Office as a library of best-practice processes for IT [[service]] management. Widely adopted around the world, ITIL is supported by ISO/IEC 20000:2011, against which independent certification can be achieved. On our ITIL page, you can access a free briefing paper on ITIL, IT service management, and ISO 20000.
 *[[COBIT_(Control_Objectives_for_Information_and_Related_Technology)|COBIT®]]: [[Control]] Objectives for Information and Related Technology (COBIT) is an IT governance control framework that helps organizations meet today’s business challenges in the areas of regulatory [[compliance]], [[risk]] management and aligning IT [[strategy]] with organizational [[goals]]. COBIT is an internationally recognized framework. In particular, COBIT's Management Guidelines component contains a framework for the control and measurability of IT by providing tools to assess and measure the enterprise’s IT capability for the 37 identified COBIT processes. Read more about COBIT here >>
 *[[Val_IT_Framework|Val IT]]: Val IT is a governance framework that can be used to create [[Business Value|business value]] from IT investments.

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 == See Also ==
-[[IT Strategy Framework|What is an Information Technology Strategy Framework?]]<br />
+*[[IT Strategy Framework|Information Technology Strategy Framework?]]
-[[IT Strategy (Information Technology Strategy)|IT Strategic Planning]]<br />
+*[[IT Strategy (Information Technology Strategy)|IT Strategic Planning]]
-[[Project Portfolio Management (PPM)]]<br />
+*[[Project Portfolio Management (PPM)]]
-[[Project Portfolio Rationalization]]<br />
+*[[Project Portfolio Rationalization]]
-[[Stage-Gate]]<br />
+*[[Stage-Gate]]
-[[Risk Governance]]<br />
+*[[Risk Governance]]
-[[Information Technology Risk (IT Risk)]]
+*[[Information Technology Risk (IT Risk)]]