Understanding it Governance

  Governance Governance is the buzz word theseInitiating Process Group,
days – you hear of Enterprise Governance, IT2.
Governance, Portfolio Governance, ProgramPlanning Process Group,
Governance, Project Governance, Data Governance,3.
SOA Governance and the list goes on.Executing Process Group,
What is Governance?4.
There is no standard universally accepted definitionMonitoring & Controlling Process Group
for IT Governance.5.
We would define governance as a set of protocols,Closing Process Group.
procedures, best practices and guidelines that can be 
of assistance to make better decisions.Program lifecycle includues the following
Portfolio Governance, Program Governance, Project 
Governance, Data Governance, SOA Governance and1.
other IT related frameworks are closely tied with ITPre Program Setup
Governance and IT Governance is integral part of2.
Enterprise Governance.Program Setup
IT strategic governance is required to efficiently3.
manage IT investments. IT strategic frameworks likeEstablish Program Managment
COBIT and ITIL provide guidance to improve4.
accountability and delivery of IT investmentsDeliver Benifits
(Programs, Projects, Services and Resources).5.
 Close Program
Strategic Governance has become more critical in theMSP (Managing Successful Programs) is a framework
new age of globalization and corporate scandals. Wefor program management ublished by the Central
need to consider business IT alignment, newComputer and Telecommunications Agency (CCTA)
regulatory requirements to support executivenow part of the Office of Government Commerce
management and clearly connect the strategic plans(OGC). MSP is widely recognised and popular in
to governance processes.Europe
  
IT departments need to create a strategic plan thatMSP Process are
describes the mission, vision, goals, priorities, 
strategies, measures and technologies covering all1.
aspects of IT Department. IT strategic plan is usuallyIdentify Program
derived from the supporting department’s2.
strategic plans.Define Program
Balanced Scorecard:3.
 Govern Program
Developed by Kaplan, a Harvard Business School4.
professor of accounting and Norton, president ofManage Portfolio
Renaissance Solutions, Balanced scorecard is a5.
strategic planning and performance managementManage Benifits
framework that enables measurement and translation6.
of strategy into financial and non-financial factors.Close Program
 PMBOK / PRINCE2:
Balanced scorecard translates the organizationsPMBOK - Project Management Body Of Knowledge is
strategy into four perspectivesa collection of five process groups and nine
Financial Performance, Customer Knowledge, Internalknowledge areas for effective project management
Business Processes and Learning & Growth.best practices published by Project Management
What is CobiT:Institute(PMI). PMBOK is widely recognised and
 popular in North America.
Control Objectives for Information Technology 
(CobiT) is a set of standards for guiding managementProcess Groups are Initiating, Planning, Executing,
in the sound use of information technology publishedMonitoring & Controlling and Closing.
by Information Systems Audit and Control 
Association (ISACA) and and the IT GovernanceKnowledge Areas Are:
Institute (ITGI)1.
 Project Integration Management
CobiT4.1 has 34 high level processes that cover 2102.
control objectives categorized in four domains:Project Scope Management
Planning and Organization, Acquisition and3.
Implementation, Delivery and Support, and Monitoring.Project Time Management
 4.
What is ITIL:Project Cost Management
 5.
ITIL(the IT Infrastructure Library ) is the mostProject Quality Management
widely accepted approach to IT service management6.
in the world.The 'IT Infrastructure Library' wasProject Human Resource Management
originally created by the United Kingdom Government.7.
 Project Communications Management
ITIL version 3 release has a significant change of8.
framework from the previous emphasis on ITProject Risk Management
process to a total lifecycle approach (Service9.
Strategy, Service Design, Service Transition, ServiceProject Procurement Management
Transition and Continual Service Improvement). 
 PRINCE2 (Projects IN Controlled Environment) is a
Portfolio Governance:process-based method with eight processes and four
 phases for effective project management developed
Portfolio Governance defines the processes andby the Central Computer and Telecommunications
procedures for the management of IT Portfolio (Agency (CCTA) now part of the Office of
Programs, Projects and Tasks).Government Commerce (OGC). PRINCE2 is widely
Portfolio Management is the key for IT Governancerecognized and popular in Europe
since it covers the planning and management of total 
IT investments.Process Groups Are
 1.
Assign PMO irrespective of the type (CentralizedPlanning
PMO, Consulting PMO or Blended PMO) with Portfolio2.
Management would create a IT value governanceStarting up a project
structure that can reap huge benifits to the3.
organiation.Initiating a project
 4.
IT Portfolio usually created from the businessControlling a stage
strategies will need to be supported by PMO to5.
standardize and govern the programs and projects inManaging product delivery
the approved portfolio providing a full value6.
governance flow for IT investment.Managing stage boundaries
Program Management Standard / Managing7.
Successful Programs (MSP)Closing a project
Standard for Program Management is a collection ofProcess Phases Are: Starting a project, Initiating a
five process groups and the program life cycleproject,  Implementing a project, and Closing a
practices published by Project Managementproject.
Institute(PMI).Please refer to the other articles from to understand
 IT governance and advance your career by
Process Groups Areappropriate governance certifications.
1.