How is Val IT relevant to IT governance?
ITGI regards value delivery as one of the five focus areas of IT governance, alongside strategic alignment, performance management, resource management and risk management. Indeed, it could be argued that unless success is achieved in the other four domains, achieving value delivery will remain elusive. Effective governance starts with leadership, commitment and support from the top. However, such leadership, while critical, is not enough. Val IT supports the leadership by providing clear and consistently applied processes; a clear understanding of executive, business and IT roles and responsibilities; relevant information and appropriate organizational structures. To maximize the return on IT-enabled investments, the preparation of formalized, consistent business cases, use of hurdle rates, attention to portfolio management and program management, and application of metrics such as internal rate of return, net present value and payback period, are essential. Val IT provides a comprehe
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