State IT Governance

Governance is the single overarching area that ties IT and the business together. Governance ensures that policies and strategy are actually implemented, and that required processes are followed correctly.

What is IT Governance? 

IT governance (ITG) is defined as the processes that ensure the effective and efficient use of IT in enabling an organization to achieve its goals.” The primary focus of IT governance is the stewardship of IT resources on behalf of various stakeholders whose ranking is established by the organization’s governing body. A simple way to explain IT governance is: what is to be achieved from the leveraging of IT resources. While IT management is about "planning, organizing, directing and controlling the use of IT resources" (that is, the how), IT governance is about creating value for the stakeholders based on the direction given by those who govern.
-Gartner’s IT Glossary

What Does Stakeholder Value Creation Mean?

Stakeholder value creation means the maximization of all stakeholder (customers, employees, etc.) interests by following policies and processes and minimizing costs and waste -- while improving quality.

Today one of the biggest risks we face is the inability to align IT to real business needs -- resulting in a failure to deliver value to the business. Governance has a critical role because business processes are typically automated, and the business relies on information provided by IT systems to do their decision-making. The need to effectively manage IT resources and avoid failure has never been greater, thus making this assignment extremely exciting.