Information Management

I am currently retired military so this search addresses IT governance and structure and decision process making in general and is not aimed at a specific organization. either organization faces uncertainty when it comes to IT governance and decision-making processes. This uncertainty comes in some(prenominal) forms. Some uncertainties present challenges to the organization and other uncertainties present opportunities. IT concern systems allow organizations to effectively deal with uncertainty and associated endangerment and opportunity, enhancing the condenser to build cherish (Flaherty, Maki, et. al., 2004).
Changes in technology, federal and state regulations, and scotch uncertainties all affect the decisions organizations must make to remain competitive and to offer maximized value (Jensen, 1993). While risk taking is inevitable, an organizations value is made greater when it sets forth a sound strategy to find the optimal balance between growth and resource-use in aim of the organizations objectives. Federal laws such as the Sarbanes-Oxley Act of 2002 were designed to enable firms to find that balance by maintaining systems of internal control.
tally to the COSO Executive Summary (Flaherty, Maki, et. al.



, 2004), IT governance structure is tied to the bigger theme of internal control and includes the following six components: (1) reorient risk appetite and strategy, (2) enhancing risk response decisions, (3) reducing in operation(p) surprises and losses, (4) identifying and managing multiple and cross-enterprise risks, (5) seizing opportunities, and (6) improving deployment of capital.
The six components of IT management also help management achieve the entitys performance and profitability targets and stay loss of resources (Flaherty, Maki, et. al., 2004). Furthermore, mitigating risk ensures company compliance with regulatory policy, and helps take damage to the entitys reputation. This is perhaps the most critical component of risk management to any...If you want to get a full essay, sight it on our website: Ordercustompaper.com



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