The adapt to the changing business needs while

The world today isrevolving around technology and without it the survival of human life almostseems impossible. Technology has forced the way organizations operate thesedays and information is the key factor for the decision makers of theseorganizations to decide on the policies, strategies and other technicaldecisions based on the available data and analyzing the data using technologyIT is a major part ofalmost every organization be it public or private and without proper governancecompanies would incur huge loses. So, IT governance plays a crucial role inachieving organization goals and meet its business requirements. According tothe IT Governance Institute (ITGI, 2006), the term IT Governance can be definedas “an integral part of enterprise governance and consists of the leadershipand organizational structures and processes ensure that the organization’s ITsustains and extends the organization’s strategies and objectives” (Altemimi& Zakaria, 2015).Since the businessesare expanding day by day its IT is getting intensive and more complex. Thereasons behind for this is due to the expansion of business processes andmodels requiring more IT involvement and adoption of new emerging technologies.

Although the involvement and investments on IT is very high the return value isalmost none or relatively low. To overcome this situation and maximize thereturns IT governance must be the top priority of a CIO of any organization.Some of the importantpoints from the Cognizant’s IT governance model1.     Align IT governance with corporategovernance and business objectives. TheCIO of the company should focus on increasing the transparency for corporatemanagement and also ensure that all the business objectives are met. ITgovernance of the company should be aligned with its business objectives inorder to maximize the returns and simultaneously reducing the business risks2.     Define IT governance objectives aroundstrategic alignment, value delivery, risk management, resource management andperformance management. ·        Align the business strategy and IT strategyand focus should be on the improvement of the business priorities·        Return on IT investments should bemaximized·        Identify and reduce any IT risks fromtime to time·        Assure that there are enough resourcesto meet the present as well as future demands of the project.

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3.     Establish continuous tracking,monitoring and improvement of the IT governance modelInorder to achieve maximum benefits from IT governance organizations should set ITgovernance as a priority and make continuous improvements to adapt to thechanging business needs while monitoring frequently. Also all the senior staff membersneed to suggest ways to improve the governance model  Implementinga successful IT governance model has always been difficult. With problemsranging from developing processes and infrastructure to support governancemodel and getting all the staff members on to a single platform to follow thegovernance plan. To ensure IT governance is successful organizations have tocome up with a plan to provide training sessions for the staff and offeringincentives to ensure continuous reinforcement and better compliance.

 

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