After reading Chapter 14 in the course textbook, discuss Y…

After reading Chapter 14 in the course textbook, discuss Your initial post will be your answer to the Question and is to be with at least two references. Initial post will be graded on length, content, grammar and use of references. References should always be below each question as they are a different topic and not related in any way. McKeen, J. D., & Smith, H. A. (2015). IT strategy: Issues and practices (3rd ed.). Pearson. Purchase the answer to view it

In Chapter 14 of the textbook “IT strategy: Issues and practices” by McKeen and Smith (2015), the focus is on IT governance and its importance in strategic planning. The chapter discusses the role of IT governance in aligning IT initiatives with organizational objectives and ensuring the effective and efficient use of IT resources.

IT governance refers to the framework and processes that organizations put in place to ensure that IT decisions and investments are aligned with business strategies and objectives. It involves defining roles and responsibilities, establishing decision-making processes, and implementing performance measurement and control mechanisms.

One of the key elements of IT governance is the establishment of an IT steering committee. This committee consists of senior executives from various departments within the organization and is responsible for making strategic IT decisions. The committee ensures that IT investments are prioritized based on business needs and provides oversight to ensure that projects are delivered on time and within budget.

Another important aspect of IT governance is the development and implementation of IT policies and procedures. These policies and procedures provide guidelines for the use and management of IT resources, including data security, project management, and IT service management. They ensure that IT operations are aligned with best practices and are compliant with regulatory requirements.

Furthermore, IT governance encompasses the evaluation and monitoring of IT performance. This involves the measurement of key performance indicators (KPIs) to assess the effectiveness and efficiency of IT operations. By regularly monitoring these KPIs, organizations can identify areas for improvement and make informed decisions about IT investments.

In addition to these internal components, IT governance also involves the external dimension of IT. This includes engaging with external stakeholders such as customers, suppliers, and regulatory bodies to ensure compliance with industry standards and regulations. It also involves managing the organization’s relationship with IT vendors and service providers to ensure that they meet the organization’s requirements and deliver value for money.

Overall, IT governance plays a critical role in strategic planning by ensuring that IT initiatives are aligned with business objectives and that IT resources are used effectively. It provides the framework and processes for making informed decisions about IT investments and ensures accountability and oversight. By implementing robust IT governance practices, organizations can maximize the value of their IT investments and improve business performance.

References:
McKeen, J. D., & Smith, H. A. (2015). IT strategy: Issues and practices (3rd ed.). Pearson.