What are the four responsibilities of the board for IT Governance?
Monitor,
Advice,
Co-opt
Assimilate
What is the responsibility monitor?
Review and approve fundamental operational and financial decisions.
What is the responsibility advice?
Acting like sounding boards and problem solver.
What is the responsibility co-opt?
Using external links to bring in external resrouces (knowledge, capital, trade secrets).
The boards IT goverance is split into two?
Functions,
Mechanisms,
Which two functions?
IT value creation (wealth creation),
IT risk mitigation (wealth protection).
Which three mechanisms?
Decisions-making structures,
Formal processes,
Communication approaches.