The IT landscape is increasingly complex and risky. Mobile, social and cloud technologies extend the business outside corporate firewalls, creating, in effect, a “shadow” IT department. Data is an enterprise asset, raising risk management and compliance pressures. Increased dependence on third parties complicates operating models further. Adding to these complexities are expectations for exceptional IT performance from the workforce, business partners and customers. There is an unprecedented dependence on technology and tremendous consequences when it fails.
Effective IT governance is necessary to address these complex challenges. By better managing the performance of those responsible for creating value through key IT decisions, an organization can achieve its strategic goals. An IT governance framework identifies the mechanisms required to create value and manage risks associated with IT.
Protiviti’s IT Governance & Risk Management professionals help organizations design and implement effective operating models to manage technology risk. Protiviti’s unique and integrated approach enables organizations to better understand the true business impact of risks arising from an organization’s dependence on technology. This in turn leads to better prioritization of risk mitigation activities, focusing efforts on the things that matter most. The end result of effective IT governance for many organizations is “more control, with fewer controls.”
We believe an effective approach to IT governance brings together IT strategic planning, IT risk management and vendor risk management with broader enterprise risk management activities. Specifically, it allows you to articulate technology risk in the context of the overall enterprise and deliver a stronger “big-picture” view of it to the board, management and key stakeholders.