About IT Governance
The need for IT governance to manage investments and enable enterprise success is becoming widely recognized and codified with industry standards, professional organizations and specialized certifications. According to ISACA, the leading professional organization for information systems auditors, controllers, and professionals:
IT investments represent a profound conundrum within many enterprises. There are no other investments… that occupy such a large and growing expenditure, yet lack disciplined management, processes and performance measurements.(CGEIT Review Manual 2011)
IT governance at MSU is modeled IT Governance and related best-practice frameworks published by ISACA. Within this framework, IT governance includes leadership, structures, processes, policies, and standards that ensure disciplined management and execution of IT investments to enable the organization's objectives.
A PMO is the implementation and support arm of the governance structure, ensuring:
- Strategic Alignment:
- Value Delivery:
- Risk Management:
- Resource Optimization:
- Stakeholder Transparency:
- balanced portfolio management and prioritization of investments to enable strategic objectives
- program management and project support to ensure investments are effectively executed and intended benefits are realized
- monitoring, evaluating and mitigating investment risks; realizing opportunities
- allocation of resources in alignment with priorities
- communicating with constituents to provide insight and clarity into decision making processes, investment status and outcomes