Let's start off with the six principles for a government system as defined by co bit.
So in this video, we're going to cover the six principles needed for a governance system
cope. It defined six principles needed for a successful governance system.
Keep in mind we're talking about the system and not the framework.
Ah, governance system is the way in which the enterprise will govern and manage its I T resource is to derive business value.
The principles listed will be necessary to ensure that your I T governance framework is both useful and effective. So let's start with principal. One
principle, one states that each enterprise requires a governance system to satisfy stakeholder needs.
So what does that mean exactly?
It means we need a government system to derive value from the I T department, as opposed to costs being excessively high without bringing in much business value.
On the other hand, it also means that you need to use I T to get business value from the information and business processes that support the organization's goals and objectives.
The value that is derived should result in benefits, lowered risks or a risk a line to the risk appetite of the business
and resource optimization.
Thus, businesses need an actionable strategy to realize that value
actionable is the key word here.
If you have a strategy, but there's no way to implement it, it doesn't add much value.
Principle. Two states that a government system should be built from components that can be different types and that it should work together.
Components can be processes, structures, infrastructures, architectures, information, people and more.
These components can be different.
So, for example, people and process that should work together. You don't want technology running independently from organizational structures and people. It should work together for a smooth and comprehensive way to manage business assets such as information
principle. Three addresses the fact that the government system should be dynamic.
Let's talk about why that is, when you change something in an organization, it usually has ripple effects.
If a person leaves a certain position, it could affect the entire department who relied on that person for certain information.
The same goes for technology. If you take out a part of the infrastructure, you need to consider the effect it can have on the entire architecture ER and other processes or systems that use that component.
So when something has changed in the I T infrastructure, consider the impact it can have on different components, like automated processes.
Subsequently, we're talking. We're taking on a dynamic view of the I T infrastructure and treating it as such, so creating a dynamic governance system will reflect the actual state of things. And then this dynamic view will create a system that is both viable and lowers risk because it can
less in future issues. If you take a dynamic view
of the entire enterprise and its I T systems,
So why do you think an I T governance framework should be dynamic?
Can you think of a time when you're governance, when your organization was not dynamic and what problems that caused and created for you?
So then let's talk about the fourth principle for a governance system that is to distinguish between management and governance activities and structures.
Remember how we went over the difference between governance and management?
This is where governance sets the strategic direction for an enterprising man, and then management plans, bills and executes that vision.
So it's important to distinguish between the two and have activities and structures be differentiated within your governance system.
Principal five means that the government system should be customized and tailored to the specific business needs.
Businesses within the same industry will have different needs, objectives and goals.
No two businesses are the same.
Thus the governance system needs to be customized to the specific businesses needs.
Design factors should be parameters in which to customize the governance system.
It's also important to remember to prioritize your decisions, parameters and customize ations. So you're doing the most pertinent actions first.
Lastly, the six principle dictates that the governance system should inquire should cover the entire enterprise end to end.
Don't only focus on the I T department in this government system.
Include all technology and information located within the company and utilized within the business. Thio achieve business goals and objectives
cope. It provides ah, holistic and comprehensive way in which to implement I t. Governance
and naturally you're going to want to cover the enterprise from end to end to ensure that it is effectively governing and managing your I T infrastructures.
So in this video we talked about the six principles needed for a governance system and how these principles contribute to an I T governance program.