IT Governance

IT Governance

Matthew Guah (Erasmus School of Economics, The Netherlands)
Copyright: © 2009 |Pages: 15
DOI: 10.4018/978-1-59904-546-7.ch005
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Abstract

VLITP managers face unprecedented expectations for their governance. These expectations are driven by mandates and other demands from host organizations. This chapter is meant to help VLITP professionals around the world meet and exceed such expectations. It details relevant expertise, methodologies, and experience required by VLITP managers to go beyond compliance of regular IT governance issues to deliver objectives that drives business value across the host organization’s enterprise. Implementing a VLITP involves the management of a transitional period which requires a structured approach that will help the host organization evaluate its options for designing the organizational structure that facilitates continuous business improvement. Good IT governance in VLITP focuses on immediate priorities, including a periodic identification and learning lessons to determine both near-term and far reaching strategies for the VLITP. This involves good approach to different stands and compliance issues during the implementation of VLITP.
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Internal Control

Internal controls serves to verify whether information needed to make critical decisions in the organization are accurate and reliable. An organization’s survival in a competitive economy greatly depends on the decisions made by management at all levels. These decisions are based on information they receive from various sources (i.e. financial reports). Organizations need to have the proper controls in place to facilitate their business processes functioning according to anticipation. Since most business processes are automated, also having automated controls systems has becomes inevitable. Thus, an IT control framework should be an effective tool for the identification and management of the necessary controls required in VLITPs.

Moreover, effective internal control can help the host organization to monitor business processes, assets and profitability. It can also deter negative behavior and reduce or prevent damage to the organization. Effective internal control can increase the credibility with shareholders and the public, especially that SOX Act has become the de-facto internal control requirement by US law and therefore cannot be absent in an organization, after numerous fraud and scandals in recent years.

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) issued its final report on internal control in 1992 based on a three-year study. The COSO report (available at www.coso.org) contains the most widely accepted definition on internal control. Its definitions of internal control includes a process effected by an entity’s board of directors, management, and other personnel designed to provide reasonable assurance regarding the achievement of objectives in the following three categories:

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Table of Contents
Foreword
Leslie Willcocks
Acknowledgment
Chapter 1
Matthew Guah
This chapter classifies the purpose of project management in IT projects as a means of introducing the topics covered in the book and demonstrates... Sample PDF
Introduction to Very Large IT Projects
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Chapter 2
Matthew Guah
By examining the history of what was earlier considered project management, this chapter not only points out lessons from past practices but also... Sample PDF
The Field of Project Management
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Chapter 3
Matthew Guah
The basis upon which the objectives and policies for managing a VLITP are formulated is the need to achieve the project objectives on time and under... Sample PDF
Why Implement Very Large IT Projects
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Chapter 4
Matthew Guah
Different VLITP methodologies are capable of solving various types of problems during a project life cycle. This chapter shows that effect of VLITP... Sample PDF
Methodologies for Implementing VLITPs
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Chapter 5
IT Governance  (pages 69-83)
Matthew Guah
VLITP managers face unprecedented expectations for their governance. These expectations are driven by mandates and other demands from host... Sample PDF
IT Governance
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Chapter 6
IT Security  (pages 84-95)
Matthew Guah
One area that has scarcely received attention in the IT security literature, is the role that individual compliance plays in preventing... Sample PDF
IT Security
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Chapter 7
Matthew Guah
The study of diffusion, adoption, and IT project implementation in popular literature relies on theories which do not address the question of why... Sample PDF
Human Resource Issues in VLITP
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Chapter 8
Matthew Guah
Medical accidents, such as those that occur as a consequence of errors in medical systems, rarely happen because of a single failure. They are... Sample PDF
Ergonomics of Very Large IT Projects
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Chapter 9
Matthew Guah
For centuries, organizations have been trying to exchange information between their applications by linking them together. However, such application... Sample PDF
Service-Oriented Architecture: A New Platform for Very Large IT Projects
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Chapter 10
Matthew Guah
The chapter seeks to advance the practice perspective of VLITP by drawing attention to individual, collective sub-teams and host organizational... Sample PDF
Business Process Management
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Chapter 11
Matthew Guah
VLITP escalation has been documented to be a widespread phenomenon in the 21st century. Nearly every research in this area has portrayed escalation... Sample PDF
Outsourcing and Escalation Issues in VLITPs
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Chapter 12
Matthew Guah
The traditional way to achieve the automatic execution of project management processes is to develop or purchase an application that executes the... Sample PDF
VLITP Management Framework
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Chapter 13
Matthew Guah
The National Programme for Information Technology is the largest civil IT program worldwide at an estimated cost of £6.2 bn, US$ 10 billion, over a... Sample PDF
Case Study I: National Program for IT
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Chapter 14
Matthew Guah
VLITP can shift the direction of organizations by introducing new systems and emerging technologies that can serve as a trigger for change to the... Sample PDF
Case Study II: RFID—A Technology for Enterprise Systems in the Airlines Industry
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Chapter 15
Matthew Guah
Prediction markets have proven high forecasting performance in many areas such as politics, sports, and business-related fields, compared to... Sample PDF
Case Study III: VLITP in Public Transport— Implementing OV-Chipcard in The Netherlands
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