Information Management

I am currently retired military so this lookup addresses IT governance and structure and decision process making in general and is not aimed at a specific organization. each organization faces uncertainty when it comes to IT governance and decision-making processes. This uncertainty comes in some(prenominal) forms. just about uncertainties present challenges to the organization and other uncertainties present opportunities. IT concern systems abandon organizations to effectively deal with uncertainty and associated endangerment and opportunity, enhancing the condenser to build nurture (Flaherty, Maki, et. al., 2004). Changes in technology, federal and state regulations, and scotch uncertainties all go the decisions organizations must make to remain competitive and to offer maximized cling to (Jensen, 1993). While risk of exposure taking is inevitable, an organizations value is made great when it sets forth a sound strategy to align the optimum balance between gro wth and resource-use in aim of the organizations objectives. federal laws such as the Sarbanes-Oxley Act of 2002 were designed to enable firms to find that balance by maintaining systems of inwrought control. tally to the COSO Executive compendious (Flaherty, Maki, et. al.

, 2004), IT governance structure is tied to the bigger theme of internal control and includes the following six components: (1) reorient risk appetency and strategy, (2) enhancing risk response decisions, (3) reducing in operation(p) surprises and losses, (4) identifying and managing multiple and cross-enterprise risks, (5) prehend opportun ities, and (6) improving deployment of capit! al. The six components of IT steering also help management achieve the entitys performance and profitability targets and stay loss of resources (Flaherty, Maki, et. al., 2004). Furthermore, mitigating risk ensures company compliance with regulatory policy, and helps take damage to the entitys reputation. This is mayhap the most critical component of risk management to any...If you urgency to get a full essay, sight it on our website: OrderCustomPaper.com

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