Generating Value out of Information Technology

Below is a chart that I found during some Research that I was conducting on IT Governance for a Report that I need to submit to Management. As you can see the only road to generate value from IT is through governance. Without it , IT will remain reactive to the needs of business - "A cost Center".



Information Technology alone cannot advance in that path without the help of the Company's senior Management. If there are not clear business goals, or a clear business strategy, then IT is of no help, and it will be always a Cost Center.


Executive Management has to be very clear and precise as to what the business goals and to achieve them. Only at that point we can start talking about how can IT help,



The following questions have to be answered:


1, What IT Decisions must be made ?
2. Who should make those decisions ?
3. How will those decisions will be made and how will they be monitored ?



Effective IT Governance will answer those questions.