...Table of Contents A. Page 1 Cover Sheet B. Page 2 Table of Contents C. Page 3-4 The relationship between IT Governance (ITG) and IT execution. D. Page 5-6 Describe how the COBIT framework institutes mechanisms to control IT risk. E. Page 7 Works Cited The relationship between IT Governance (ITG) and IT execution is always talked about. IT Governance is usually seen as a fundamental part of corporate influence and execution acknowledged as how the processes of ITG have been executed; however there are it can be said that IT Governance is a subordinate methodology to Enterprise Architecture, controlling the definition and satisfaction of IT abilities inside EA. To further things, the idea of Enterprise Architecture Governance (EAG) is developing, yet it doesn't have a created definition (Korhonen, 2009). * Design, arranging and underpin perspective that keeps tabs on outer viability. It permits the association to make new capacities with enduring focus and to react to updates in nature's domain. This angle is about "doing the right things". • Development and execution angle that is concentrated on interior productivity. Organizational capacities of this sort are retrospective and internal looking and advertise unoriginality and responsibility. It is about streamlining the existing operations with fleeting center and reacting to foreseeable possibilities. This angle is about "doing the things right”. In this paper, the main challenge was that the administration...
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...1) IT Governance is a matter of allocating accountability and decision-rights in the business process to make sure that IT meets the rules of IT Governance. Releasing and assigning to a lower position such as the execution of the decisions to management, is a serious error. It is suggested that IT Governance includes a lot of approaches, methodologies, frameworks and their affiliated policies, standards and processes expected to realize decisions. The relationship between IT execution and IT Governance Processes has to be understood and modified to achieve maximum efficiency so the work. Many organizations think that increasing staff and validating the documentation of their financial reporting processes would be enough to force off the intense anger of SOX. The challenge for the auditing firms was that, even though companies could be audited against the integrity of their business controls, it turned out very hard to evaluate whether any regulation subsisted to manage these controls. The big majority of social control mechanisms for these business controls exists within the IT infrastructure of any organization and is encoded within their software to carry on their day-to-day business. In order to meet all approaches for better business process, IT should make the right decisions in relation to: * IT Investment * IT Architecture * IT Infrastructure schemes * IT Business Applications The relationship between IT execution and IT governance are several: First is...
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...School | SEC 592 IT Governance | Assignment Week 2 | | The purpose of this essay to highlight the relationship between IT execution and IT governance. Within it, we will also cover the COBIT framework with regards to controlling IT associated risk. IT governance is about the way in which leadership accomplishes the delivery of important business capability using IT strategy, goals and objectives while adding business value and controlling risks. IT governance is concerned with strategic alignment between the goals and objectives of the business and the utilization of its IT resources to effectively achieve the desired results. In comparison, IT execution is the usage of sound management practices and the use of IT controls. These controls are usually based on a framework consisting of best practices that are used as guidelines to help successfully implement IT governance. For this discussion, we will focus on the Control Objectives for Information and related Technology (COBIT) Framework. The COBIT framework is a set guidelines that lay the groundwork for best practices that provide for the managing, auditing, and assistance of users, which allows them to measure their processes, and develop and improve the controls of a company. There are two major organizations that are associated with IT governance: ISACA (Information Systems Audit and Control Association) and the IT Governance Institute. Effective and efficient enterprise IT governance is crucial to the ongoing...
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...Homework IT Governance and COBIT framework Yeng Lee SEC 592 Professor Joseph Costantini May 18, 2014 What is the relationship between IT execution and IT governance? IT execution and IT governance are both related to the development of Information Technology. The differences among the two terms are their purpose and process. IT execution is a phase in IT development where IT governance is policies and rules to a project. In other word, IT governance is a whole single identity while IT execution is a step in a project. We will go further detail of the different of the two terms. But first, we will elaborate the term IT execution and IT governance. As stated above, execution is a phase in a project. IT execution usually comes after analyzing and planning phase of a project. Following the execution phase will be testing, clean up, and monitoring. In the execution or a project, it requires setting up responsibilities, time management, authorities, and control mechanism to accomplish the task. We will see later how governance does this IT execution. In the Execution phase, the project is carry out and complete. In the field of Information Technology, it can be anything from connecting a new network to upgrading an existence application or hardware to implementing security policies. As the project is being developed, executioner must refer back to the planning phase for guidance and error checking (Project Execution Phase, n.d.). Governance is the process...
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...Scope • Covers that affect the business environment e.g. markets, products, services, customers/clients etc. • Make business a success in market place i.e. core competencies like brand, research, manufacturing and product development • Covers relationships between the stockholder of the company and senior management Distinctive Competencies Business Governance Business Infrastructure Administrative Structure •Covers how organization runs its business e.g. questions regarding centralization, decentralization, matrix, geographic and functional organization type. Business Process •Covers all activities and how they operate e.g. value added activities and process improvement Human Skills •Hire/fire •Motivation •Train and education Information Technology Strategy Technology Scope • Covers all the essential information applications and the technologies that business uses • Capabilities that set IT services apart from the rest i.e. how much access business has to information that is important to business’s strategies. • Make up the authority and how resources, risks and responsibility, are distributed between business partners, IT Management and Service providers Systematic Competencies IT Governance Components Information Technology Infrastructure Architecture •Technologies priorities, policies and choices that drive the integration of applications, software, hardware, networks and data management to a single business platform. •Refers...
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...an organization’s business and technology strategies into one of twelve defined alignment perspectives using a web-based model. The authors emphasise that the first concept of strategic alignment remains actual and usable to corporate executives looking to achieve alignment of their business and technology strategies. This model is presented as a combination between four quadrants, which one constituted by three components and it’s divided into two distinct areas: business and information technology (IT). Each area has two quadrants that define that part of the business. Focusing on the business area, the two quadrants are business strategy and organization infrastructure. Business strategy has three different components: business scope, distinctive competencies and business governance component. The first component links everything that might effect the business environment, such as markets, products, services). Distinctive competencies cover all items responsible to create market’s success, like brand, research, value chain. The last component is Business governance that relates to the existent relationships between stockholders and the directors board, governmental regulations and relations with other strategic partners. The other quadrant of the business area is organizational infrastructure. It’s composed by administrative structure, business processes, human resource (HR) skills. Administrative structure indicates how the companies run its business, like regarding centralized...
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...information and directions to promote organizational growth OBJECTIVE: Proactive decision maker, seeking to be a Senior Management Professional with a well established and globally reputed organization by utilizing the following strengths... ⇨ Possessing 12 years of expertise in marketing, strategic planning, business planning, commercial planning, project management, business process, performance management and team management. ⇨ Demonstrated exposure in Customer Relationship Management (CRM), Customer Service, Business Architecture, Governance Models, and eTOM & ITIL implementations. ⇨ Proficient in developing business cases, marketing plans, business proposals, governance models & frameworks, business plans and exploring new business management techniques and methodologies. ⇨ An efficient Team Leader, combining sound communication, interpersonal, mentoring, negotiating and problem solving skills with analytical & leadership capabilities to ensure operational excellence and strategic execution. Academics • Studying Strategic Marketing Management ‘‘Chartered Marketer’’ as part of the Continued Professional Development program (CPD) – United Kingdom, Chartered Institute of Marketing (in progress) • Master of Business Administration (Marketing), Arab Academy for Science, Technology & Maritime, Cairo, Egypt (2006) • Modern Accounting (Accounting), American University in Cairo (2001) • Bachelor of Commerce (Accounting), Faculty of Commerce...
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...CORPORATE GOVERNANCE QUESTION: RELEVANCE OF CORPORATE GOVERNANCE TO A MODERN COMPANY SUBMITTED TO: DR. ONGORO LIST OF ACRONYMS: OECD: Organization for Economic Co-operation and Development QUESTION: DISCUSS THE RELEVANCE OF CORPORATE GOVERNANCE TO THE MODERN COMPANY INTRODUCTION Corporate governance has reached centre-stage in the global agenda. The principles and codes evolved in several countries have furthered the cause of efficiency, transparency and equity particularly in the interest of the shareholders. Sustainable shareholder value has become the mantra for corporate immortality translating eventually into welfare of the society. Corporate governance is based on the relationship between agents and principals (agency theory). Agency theory explains how best the relationship between agents and principals can be tapped for purposes of governing a corporation to realize its goals. The owners of capital (shareholders) are the principals while the agents are the managers. The principals select and put in place both governors (directors) and auditors and ensure effective governance system is implemented whereas the managers are responsible for the day to day operations. Therefore corporate governance involves the way in which the boards oversee the running of a company by its managers and how board members are in turn accountable to shareholders and the company. DEFINITIONS OF CORPORATE GOVERNANCE Corporate...
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...of these companies disclosed intangibles other than goodwill. Thereby, it is aimed to enhance that Malaysian companies should voluntarily disclose intellectual capital in their financial statements. This research measures to the scope length of intellectual capital disclosure and the connection between intellectual capital and corporate governance variables among Malaysian listed companies after the revision of Malaysian Corporate Code of Governance on 2007.Key amendments emphasized to the Code are based on fortifying board of directors and audit committee functions, qualification criteria for appointment, boards composition, frequency of meetings and necessity for continuos training. The code requirements enables shareholders to assess the annual report more transparently. Intellectual Capital DIsclosure Intellectual capital are intangible assets that provides value to a firm`s core competence and it consists of three components namely, tacit knowledge and innovativeness of employees, infrastructure of human capital and external relationship of the firm. It is the key to business success in knowledge era as it help organizations to formulate their strategies, assess strategy executions, assist in diversification and expansion decisions, used as a basis for compensations and to communicate measures to external stakeholders. Three approaches in measurement of intellectual capital suggested by Brennan is employment of existing value-based...
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...The Sourcing Of Outsourcing — Presentation Transcript * 1. The Sourcing of Outsourcing Sourcing 2007: May 1 * 2. Why is outsourcing happen? Micro Drivers • You have the opportunity to reduce costs by 20% to 40% • Increasing accountability and improving services • Access to World Class capabilities • Shifting from relatively fixed to variable costs Macro Drivers • Shifting focus to strategic business objectives • Transforming your business through innovation • Being agile and ready to respond to market change: M&A , growth, divestitures, etc. 1 * 3. Global Trends Global Birth Rates Global Birth Rates ChinaPotential Player – Offshore IT services market in China will continue per 1,000 population: per 1,000 population: Eastern Europe: : China: : Potential Player – Offshore IT services market in China will continue China China 13.25 13.25 Eastern Europe to show aggressive growth over the next few years. BPO is a less mature Regional Player – to show aggressive growth over the next few years. BPO is a less mature India India 22.01 22.01 Regional Player – industry in China. English skills are being developed in government supported Large English- industry in China. English skills are being developed in government supported Philippines Philippines 24.89 24.89 Large English- programs to ensure further growth. Core competencies: low-end PC-based speaking educated programs to ensure further growth. Core competencies: low-end PC-based USA USA 14.14 14.14 speaking educated...
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...Week One Discussion Questions • What is strategic management? What are the roles of mission and vision statements in strategic management? Can an organization have a successful strategic plan without effective mission and vision statements? Why or why not? • What is the difference between mission and vision statements? What factors must be considered to produce an appropriate mission and vision statement for an organization? • What is strategic planning? What is the purpose of strategic planning? Why is it necessary? What are the components of a strategic plan? Which component is the most important? Why? Week Two Discussion Questions • What is a SWOTT analysis? What is its purpose in strategic planning? Must you conduct a SWOTT analysis to have an effective strategic plan? Why or why not? • What are the primary internal organizational considerations for the development of a strategic plan? Which consideration is the most important? Why? • What are the primary external organizational considerations for the development of a strategic plan? Which consideration is the most important? Why? • What are the key planning factors for competitive success? Provide an example of an organization that has achieved competitive success through planning. Provide an example of an organization that has failed to achieve competitive success as the result of failed planning. Week Three Discussion Questions • What are the different types of strategies? What are the differences...
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...Global Technology Audit Guide Auditing IT Governance Global Technology Audit Guide (GTAG®) 17 Auditing IT Governance July 2012 GTAG — Table of Contents Executive Summary......................................................................................................................................... 1 1. Introduction................................................................................................................................................ 2 2. IT Governance Risks................................................................................................................................... 7 3. Aligning the Organization and IT — Key Considerations................................................................ 12 4. The Role of Internal Audit in IT Governance............................................................................ 15 Conclusion....................................................................................................................................................... 18 Authors and Reviewers.............................................................................................................................. 18 Appendix — IT Governance Risk Assessment/Engagement Planning Considerations............................................. 19 iv GTAG — Executive Summary Executive Summary To support the heightened importance of IT governance and the mandatory nature of the International Standards...
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... Business review Governance Contents ICAP in 10 Business review Group Chief Executive Officer’s review Global Executive Management Group Business review Key performance indicators Risk and control environment Corporate responsibility Governance Directors’ profiles Chairman’s statement Directors’ report Corporate governance statement Directors’ statement of responsibilities Remuneration report Independent auditors’ report 2 Financial statements Consolidated income statement Consolidated statement of comprehensive income Consolidated and Company balance sheet Consolidated statement of changes in equity Company statement of changes in equity Consolidated and Company statement of cash flow Basis of preparation Index to the notes to the financial statements Notes to the financial statements Information for shareholders Information for shareholders Definitions 68 70 71 72 16 18 20 30 32 36 Financial statements 73 74 75 78 79 42 44 46 46 54 56 65 136 137 Information for shareholders 2 ICAP in 10 The following pages provide a 10 point overview of our business, strategy, performance and governance. 1 Financial summary 2 Our segments 3 Our diversified business 4 What we do 5 How we create value 6 Opportunities and risks 7 Our strategy 8 Measuring our progress 9 Culture and people 10 Governance ICAP plc / Annual Report 2012 / ICAP in 10 3 ICAP in 10 Financial summary 1 2011 £m Variance % Business review Governance 2012 £m Key highlights ...
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...Global Technology Audit Guide Auditing IT Governance Global Technology Audit Guide (GTAG®) 17 Auditing IT Governance July 2012 GTAG — Table of Contents Executive Summary......................................................................................................................................... 1 1. Introduction................................................................................................................................................ 2 2. IT Governance Risks................................................................................................................................... 7 3. Aligning the Organization and IT — Key Considerations................................................................ 12 4. The Role of Internal Audit in IT Governance............................................................................ 15 Conclusion....................................................................................................................................................... 18 Authors and Reviewers.............................................................................................................................. 18 Appendix — IT Governance Risk Assessment/Engagement Planning Considerations............................................. 19 iv GTAG — Executive Summary Executive Summary To support the heightened importance of IT governance and the mandatory nature of the International Standards for the Professional...
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...Customer Relationship and Corporate Governance in Sustainability of Business Vinod Krishna U. Makkimane Sr.Faculty Institute of Business Management & Technology Banashankari 3rd Stage, Bengaluru. Sustainability is a dynamic concept born out of the environmental debate of the last quarter century. There is growing concern nationally and internationally about biodiversity and protection of plants and animals and community based activity. It is important to view sustainable efforts from global perspective that addresses socio-economic and environmental issues. Sustainable Development as a norm has been accepted in the literature ever since the publication of the Brundtland Commission report in 1987.The Brundtland Commission defined Sustainable Development as that which "meets the needs of the present without compromising the ability of the future generations to meet their own needs". A primary goal of sustainable development is to achieve a reasonable and equitably distributed level of economic well being that can be perpetuated continually for many human generations. It also implies using renewable natural resources in a manner that does not eliminate or degrade them, or otherwise diminish their usefulness for future generations. Sustainable development also requires depleting non-renewable energy resources at a slow enough rate so as to ensure the high probability of an orderly society transition to renewable energy sources. Mahatma Gandhi has observed long back that...
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