IT governance all starts with clarity with strategy, linkage to the business plans/process and tight alignment to the right IT investments. All of these strategies are all run through a clear governance model. The governance model sets the right priority, applies the right Cost Benefit Analysis/ROI filter, aligns the business and IT resources to initiatives and prioritized projects.
Once a project is deemed a priority, under clear IT governance, it is managed through solid project management, an enterprise SDLC and with an IT organization structure that is alignment. Most importantly, business leaders need active and full participation with keen accountability standards in decision making and managing risks. Through that, insurers can adapt and adjust their governance strategies and processes. The business provides the business framework for linking strategy and business needs to the IT investment and IT provides the technology framework and infrastructure that provides alternatives to support the business needs.
This is an excerpt from a feature article in Tech Decision CIO Insights March Issues 2009, authored by Deb Smallwood, Founder of SMA Inc.
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