Wikipedia describes IT Governance as:
Information Technology Governance, IT Governance or ICT Governance, is a subset discipline of Corporate Governance focused on information technology systems and their performance and risk management. The rising interest in IT governance is partly due to compliance initiatives (e.g. Sarbanes-Oxley (USA) and Basel II (Europe)), as well as the acknowledgement that IT projects can easily get out of control and profoundly affect the performance of an organization.
Certainly in my case both of these reasons for interest in IT Governance rings true. As a small technology company looking to go public in a couple of years we realize that getting a handle on our SOX compliance now is an absolute must. We do a good job now managing projects but of course we can always improve. What I will be looking for are processes we can implement that don’t slow down the go-getter spirit we have established within our project teams. I am concerned about what too much governance overhead will do to us and will be trying to balance the needs carefully.
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