IT governance and risk
In any organization, governance establishes the requirements for meeting stakeholder needs and delivering value for the stakeholders. The purpose of having a governance structure is to have accountability for the business alignment and day-to-day operations of the organization. The purpose of governance of enterprise IT (GEIT) is to leverage technology to support and optimize enterprise needs. GEIT helps organizations address common pain points, such as applicable laws, regulations, and compliance, and stay abreast with the latest technologies and innovations. IT governance empowers organizations and helps establish and monitor accountability for IT activities to ensure that investments in IT are aligned with the business objectives and promote stakeholder value generation.
Important note
An organization can generate value for stakeholders by realizing the benefits of investments, risk optimization, and resource optimization.