IT Governance is becoming an increasingly important and yet mis-understood area of IT management. Whilst there are many standard texts and best practice processes defining governance principles the adoption of those principles is unique in every organisation. Taking the ideal world and managing in the real world are fundamentally different. The key to understanding and implementing the right governance for your organisation requires finding the right balance between the ideal and the real.
Most best practice eschews from government or large organisations, often publicly traded, where the needs of the external stakeholders and customers form a major part of the governance implemented. As we know the risks internal management may take can be radically different from the risks stakeholders and customers would knowingly accept. Yet the costs (fiscal and opportunity) associated with tight governance may also be undesirable.
In order to be effective governance processes and procedures should be adequate in the context of the risks, costs, flexibility and opportunities by which the business operates. Taking a one size fits all approach is not workable. The context of operation may also change leading to additional governance requirements.
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