Free Essay

It Governance Week 3

In: Computers and Technology

Submitted By michelino1
Words 627
Pages 3
* Michele Grieco
July 20, 2015
Prof. Gregory Gleghorn

What is transparency in the context of IT governance, and why is it important? How does the COBIT framework provide for internal audit and corrective action?

The transparency of IT Governance is to cover the culture, organization, policies and practices. This type of transparency in the government financial management is very important in a way to produce a proper, complete performance measurement system and to provide insufficient disclosure of these performances information to the broader public. This is why the point of transparency becomes a measurement for health and security in governments, leadership and business in almost all the countries in the world especially in the well developed once, because the public certainly wants the government to be transparent.
Information Technology settles how well services are provided and how good the company is satisfying its customers. By providing services the companies can also expose their businesses to risk that can affect with their daily operations and transactions. In this case management must be able to make precise decisions in a way to minimize any risks that could affect the company really badly. It's virtually impossible to have too much transparency or education about IT governance, in fact both of them can go well together and so the more transparency of the governance practices, the more confidence in the governance there will be. Companies with more effective Information Technology governance had more senior management involvement. CIOs must be actively involved in IT governance for success, better implementation and explanation as well to indicate how new IT implementation works. Other senior managers must participate in the committees, basically being the people that approves processes, and performs reviews.
In large enterprises companies it is necessary to consider IT governance in many different levels. The first thing is that enterprise-wide IT governance is driven by a small number of company strategies and goals. Enterprises with distinct IT functions in divisions, or even geographically placed around the world require a connected layer of IT governance. To give an Example JPMorgan Chase has IT governance at the enterprise level. The lower levels of IT governance, instead, are subjective by tools that are already designed for higher levels industries, and in this case we advocate starting with the enterprise-wide IT governance, as it will have consequences for the other levels of governance. However, starting an enterprise-wide business rare away is sometimes not possible because the amount of resource to allocate to such a big thing to build is too much that will give complications later on.
In the past decade, various laws and regulations have surfaced attempting to strengthen the security of all the information stored within the companies which in this case the information assets are entrusted. The result of these laws and regulations, various these security controls we define them as "standards" and/or "frameworks" which they have evolved and become popular to meet the requirements of such laws. These Standards and control Framework become a valuable tools to make sure the security is planned, organized, tested and implemented adequately. An e-mail policy, a virus detection procedure, a password selection practice, are only a few examples of controls since these prevent, detect and correct undesired events
COBIT has defined various types of IT resources, which need to be managed. These resources are: data, applications systems, technology, facilities and people. COBIT's makes sure that these resources are well used for achieving the business goals, and in order to manage these resources, COBIT has defined three criteria, which should be met which are: quality requirements, fiduciary requirements, and security requirements. These three requests are then broken down into more qualities which a few of them are: efficiency, integrity and availability.

Similar Documents

Premium Essay

Acc 260 Week 2 the Enron and Worldcom Scandals Material a+Grade

...ACC 260 Week 2 The Enron and WorldCom Scandals Material A+Grade Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/acc-260-week-2-the-enron-and-worldcom-scandals/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Assignment: The Enron and WorldCom Scandals • Resource: Business & Professional Ethics • Due Date: Day 7 [Individual forum] • Review the accounts of the Enron and WorldCom scandals in Ch. 2 of the text: o Enron’s Questionable Transactions on pp. 96-107 o WorldCom: The Final Catalyst on pp. 114-118 • Answer the following questions using complete sentences: o Enron: 1, 3, 5, 6, and 9 on pp. 106-107 o WorldCom: 1, 3, 4, and 5 on p. 118 • Post your answers as an attachment. Clearly label the case and question number for each of your responses. Enron questions 1, 3, 5, 6, and 9 1. Which segment of its operations got Enron into difficulties? The first thing that got them into trouble was the fact that Kopper was appointed to Fastow and he was an employee of Enron. I do not believe that he had the best interest involved. Another thing was that over 11 million was suppose to be invested and it never was. I believe that this was the start of the problems! Another thing was the fact that Enron was incorrectly booking revenue for services that was...

Words: 7275 - Pages: 30

Premium Essay

Proj 587 Week 6 Quiz Set

...PROJ 587 WEEK 6 QUIZ SET Purchase here http://devrycourse.com/proj-587-week-6-quiz Product Description Version 1 1. Questions: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Questions: (TCO E) In order to have a high-performance team you must first recognize the qualities of a high-performance team. Describe at least five qualities of a high-performance team and then what can be done to develop those qualities in a team. 3. 3. Questions: (TCO F) The PMI® Code of Ethics is made up of four areas: responsibility, honesty, respect, and fairness. Discuss the area of responsibility and what it means for you, the project manager. 4. Questions: (TCO F) When developing a stakeholder matrix, the portfolio manager must look at the portfolio governance in order to complete the stakeholder analysis. In your own words, what is the role, interest and expectations of the governance? Version 2 1. Question: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of...

Words: 2346 - Pages: 10

Premium Essay

Similarities Between Consequentalist and Non Consequential Theory of Ethics

...ethics in administration; | | CO2 - Identify the implications arising out of the ethical issues; and | | CO3 - Apply the concept, skills and methods used for evaluating ethical issues in case analysis and recommend strategies for improvement. | WEEK | HOUR | TOPICS | Teaching & Learning Activities | References | 1 | 2 | Overview of the course * Scheme of work * Assessment * Mid semester examination * Final examination | * Ice breaking * Entrance Survey * Blended Learning Requirement * Coursework requirement * Lecture & discussion (F2F) | Main text - Thiroux, Jacques P (2008) Ethics: Theory and Practice. 9thed. New Jersey: Prentice Hall. | 1 | 4 | Topic 1: Introduction to Ethics * The Concept of Ethics * Ethics & Morality * Sources of Morality * Ethics & Reason * The Importance of Study Ethics | * Lecture & tutorial(F2F) | Thiroux, Jacques P (2008) Ethics: Theory and Practice. 9thed. New Jersey: Prentice Hall. | 2 | 4 | Topic 2: Ethical Theories * Consequentialism & Non-Consequentialism * Ethical Egoism * Utilitarianism | * Lecture & tutorial(F2F) | Thiroux, Jacques P (2008) Ethics: Theory and Practice. 9thed. New Jersey: Prentice Hall. | 3 | 4 | Topic 2: Ethical Theories * Kant’s Moral Theory * Natural Law Theory * Virtue Ethics | * Lecture & tutorial(F2F) | Thiroux, Jacques P (2008) Ethics: Theory and Practice. 9thed....

Words: 2956 - Pages: 12

Premium Essay

Proj 587 Week 6 Quiz Set

...PROJ 587 WEEK 6 QUIZ SET Purchase here http://www.proprofs.com/training/course/?title=proj-587-week-6-quiz Product Description Version 1 1. Questions: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Questions: (TCO E) In order to have a high-performance team you must first recognize the qualities of a high-performance team. Describe at least five qualities of a high-performance team and then what can be done to develop those qualities in a team. 3. 3. Questions: (TCO F) The PMI® Code of Ethics is made up of four areas: responsibility, honesty, respect, and fairness. Discuss the area of responsibility and what it means for you, the project manager. 4. Questions: (TCO F) When developing a stakeholder matrix, the portfolio manager must look at the portfolio governance in order to complete the stakeholder analysis. In your own words, what is the role, interest and expectations of the governance? Version 2 1. Question: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share...

Words: 1580 - Pages: 7

Premium Essay

Business Communication

...| Corporate Governance2 CreditsBU.231.720.84 Days and time: Wednesdays. 9:00 am – 12:00 pmSpring 2, 2015 March 25 - May 13, 2015HE BaltimoreRoom #206 | Instructor Dr. Demir Yener Contact Information 1625 Massachusetts Avenue, Washington DC. Office: 206K. Phone Number: (202) 650-6022; E-mail Address: demir.yener@jhu.edu Office Hours Mondays 4:30 – 5:00 pm or by appointment Required Text and Learning Materials: 1) Monks, Robert A.G. and Nell Minow. Corporate Governance (5th Ed. ISBN 978-0-470-97259-5), Wiley-Blackwell, 2011 2) Yener, Demir. Corporate Governance Primer 3) Lecture notes on Corporate Governance by Dr. Yener. 4) Other cases and readings to be distributed through BlackBoard as required. (Please note: the latest edition of the textbook will be adopted if there is one available. Please check out our online bookstore for most updated textbook information http://bookstore.mbsdirect.net/jhu-carey.htm.). Please see other required and recommended readings in the class schedule. Blackboard Site A Blackboard course site is set up for this course. Each student is expected to check the site throughout the semester as Blackboard will be the primary venue for outside classroom communications between the instructors and the students. Students can access the course site at https://blackboard.jhu.edu. Support for Blackboard is available at 1-866-669-6138. Course Evaluation As a research and learning community, the Carey Business...

Words: 3438 - Pages: 14

Free Essay

Political Economy of Reform

...perspective. It is a master–level course designed for practitioners in the field of public administration and public policy. It discusses strategies for achieving and enhancing reform outcomes. Theories and practices proposed by academics and practitioners will be drawn on as learning resources for the class. Class Format To achieve a high level of synergy and make the most out of our classroom meetings, I expect students to learn from both the instructor and one another in the class. Each of our class will be divided into 2 parts. In the first part, I will begin by giving a general introduction of the assigned readings. Then, a number of students, appointed in advance, will deliver a brief presentation on the assigned readings of the week. Each student will be responsible for presenting one piece of readings. Then, the class will be divided (sometimes randomly) into groups to discuss and share their views and reflections on the readings with their group members. Each group will then share their views with...

Words: 1550 - Pages: 7

Premium Essay

Cmgt 445 Entire Course

...Contact us at: SUPPORT@ACTIVITYMODE.COM CMGT 445 ENTIRE COURSE CMGT 445 Applications Implementation Week 2 Individual Assignment  The following individual assignments refer to Boardman Management Group, Baderman Island Resort and Smith Systems Consulting, several of the Virtual Organizations. A link to the Virtual Organizations can be found on the Course Materials page.  Boardman Management Group manages the Baderman Island resort. They are considering whether to upgrade the word processing software currently in use at the resort or to purchase a new word processing software application. Boardman plans to hire Smith Systems Consulting to help them analyze their options and to prepare an implementation plan.  Submit a 3-4 page plan for how Boardman Management Group should utilize Smith Systems Consulting as an outside consultant for this project. Include a discussion of why the specific elements of your plan are important, how they will achieve the results you intend and why they were chosen over alternative methods. Week 3 Individual Assignment  Boardman Management Group has decided to upgrade the Microsoft Word, word processing software for Baderman Island Resort. Smith Systems Consulting has provided Boardman with an analysis of the factors that need to be considered in upgrading the software.  Using the analysis prepared by your Learning Team during Week Two, submit a Request For Proposal (RFP) that would be sent to software vendors seeking their proposals...

Words: 1699 - Pages: 7

Premium Essay

Richter

...to increase as the organization expands; considering the IT strategic plan covers a one year period and the organization of IT staff is not centralized, current structure is not maximizing the overall efficiency and effectiveness of the organization and does not support global expansion. This study presents four options as potential actions to take to address the issues and create a system which will provide an environment to deliver an IT strategy aligned with Richter’s long term business strategy. The options include the following:  Alternative #1 - Maintain the status quo  Alternative #2 - Abandon the current SAP system and centralize IT with in-house built ERP to be used globally and outsource the IT support  Alternative #3 - Decentralize IT  Alternative #4 - Create a more centralized IT system with current SAP modules at all affiliates with 100% outsourced IT support Alternative #4 is the recommended option; creating a more centralized IT system with outsourced support will allow Richter to plan and standardize their operations so that they can execute global expansion more efficiently and effectively, maintaining their competitive edge.   ii. CURRENT SITUATION Richter is Hungary’s largest pharmaceutical company and has wholly owned subsidiaries in 14 countries generating revenue through sales and distribution and has manufacturing capabilities in Romania,...

Words: 1980 - Pages: 8

Premium Essay

Kingfisher Airlines

...Slide 1 Committed to excellent standards of corporate governance and first class business practices extending beyond compliance with the mandatory requirements such as that of the Companies Ordinance, accounting standards and Stock Exchange”. Slide 2 Family based company Mr. Yung - chairman of the board of directors        Carl Yung -  Executive Director and the Deputy Managing Director        Frances Yung   -  Director of  Group Finances As of December 2007 , Citic Pacific had four independent directors on its board all of whom confirmed their independence. Slide 3 The forward contracts (AUD target redemption forward contracts and foreign exchange accumulators) were entered as part of an iron-ore mining investment in Western Australia. Since the project’s functional currency and cash flow were denominated in US dollars, the foreign exchange contracts were expected to hedge against any non-US-dollar currency exposure. These contracts, however, had limited profit and an unlimited downside, meaning that there could be colossal losses in the case of AUD depreciation. Slide 4 Citic Pacific announced on 20 October 2008 that it faced losses of up to HK$15.5 billion. The company had been aware that it had suffered losses from misinvestment in a set of foreign exchange contracts six weeks prior to the announcement, but had failed to inform investors of the situation. Citic Pacific’s share price fell by 55.1% within a day of the 20 October...

Words: 671 - Pages: 3

Premium Essay

Law and Corporate

...Law, Ethics, and Corporate Governance – LEG 500 | 201003 | Prerequisite: None | Quarter | Winter 2010 | Meeting Days/Time | Online course | Instructor | Dr. C. Phil Campos, MBA, JD | Instructor Phone | 214-202-8044 | Instructor E-mail | canuto.campos@strayer.edu | Instructor Office Hours/Location | 6pm – 7pm EST | Academic Office Phone NumberStrayer Online Technical SupportEcollege HelpDesk | 1-877-540-1733“As a student, you should choose 1 then 3 for academic issues from the automated menu.”1-877-642-2999“Used for problems entering the class”1-866-448-6703 or 1-303-873-0005“Used for problems once in the class” | INSTRUCTIONAL MATERIAL | Kubasek, N. K., Brennan, B. A., & Browne, N. (2009).  The legal environment of business: A critical thinking approach (5th ed.). Upper Saddle River, NJ: Pearson-Prentice Hall.Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2010).  Business ethics: Ethical decision making and cases (7th ed.). Boston: Houghton Mifflin Company/South-Western/Cengage Learning.PLEASE READ SYLLABUS PART II in the Course Home tab, it contains important University policies.GETTING TECHNICAL HELPTechnical questions regarding eCollege or classroom issues should be referred to helpdesk@strayeronline.net. Or you may phone the helpdesk at 1(866)448-6703.If the question regards a Strayer system, technical support can be reached at 1(877) 642-2999. Any technical inquiries sent to the instructor will, as a matter of course, be forwarded to the Helpdesk...

Words: 5313 - Pages: 22

Premium Essay

Determinants of Ceo Compensation in Banking Industry

...DETERMINANTS OF CEO COMPENSATION: EVIDENCE FROM MALAYSIAN BANKING INDUSTRY CHONG KOK CHIEK (AC082799) MUHAMMAD AZWAN BIN MOHD ARIFFIN (AC082868) SITI SUHANNA BINTI ABDUL GHANI (AC083010) BACHELOR OF ACCOUNTING (HONS.) COLLEGE OF BUSINESS MANAGEMENT AND ACCOUNTING UNIVERSITI TENAGA NASIONAL 2012 DECLARATION We hereby declare that this project is our original work except for quotations and citations which have been duly acknowledged and that it has not been previously and/or concurrently submitted for any other degree at Universiti Tenaga Nasional and/or other institutions. CHONG KOK CHIEK AC 082799 MUHAMMAD AZWAN MOHD ARIFFIN AC 082868 SITI SUHANNA ABDUL GHANI AC 083010 Date of submission: 13th August 2012 i ACKNOWLEGDEMENT We would like to express our sincere gratitude to our project supervisor, Mr. Wan Mohammad Taufik bin Wan Abdullah, lecturer of Department of Accounting of Universiti Tenaga Nasional, for his valuable advices and continuous guidance throughout the research process. Mr. Taufik spent a lot of time enlightening us on various issues, giving us a comprehensive view in the academic aspect via our meetings within his busy working schedule. It is our pleasure to have him as our project supervisor. Without his unconditional support and care, our project could not be finished effectively. He let us try different approaches with confidence in the process, assisting us to solve a lot of problems especially at the time when we did...

Words: 15228 - Pages: 61

Premium Essay

Data Governance Planning

...Data Governance Planning Introduction Organizations collect process and store enormous amount of data, a growing number of applications/systems, which support various lines of businesses, have been collecting more and more data through various channels. Mergers and acquisitions have made the situation even more complex and confusing when it comes to the management of data and business processes.  Data governance is about management of the availability, usability, integrity and security of the data. Some of the key focus areas are data quality, data integration, policies around privacy, compliance and security, the data warehouse and BI, architecture integration and analysis and data access, in terms of archival, retrieval and storage (http://www.information-management.com). In our industry, banking and finance, it has become more and more import to ensure that we are effective in meeting these key areas and keep abreast of the government regulations that have been enacted that directly affect the industry. Financial institutions must adhere to the strictest regulations for the protection of sensitive and valuable information. We must closely monitor and proactively mitigate risk because data breaches not only compromise customer and corporate confidentiality, but can also be extremely damaging to the business and the brand (http://www.varonis.com). Information Assets The main purpose of information security governance implementation is to protect the most valuable...

Words: 1298 - Pages: 6

Premium Essay

Syllabus of Mba 3rd Trim(Gitam, Hbs)

...TRIMESTER III S.No. | Code No. | Title of the Course | 1. | HMPRBA 301 | Strategic Management | 2. | HMPRBA 302 | Entrepreneurship Development | 3. | HMPRBA 303 | Corporate Governance | 4. | HMPRBA 304 | Management of Public & Private Participation | 5. | HMPRBA 305 | Marketing Research | 6. | HMPRBA 306 | Financial Management | 7. | HMPRBA 307 | Operations & Supply Chain Management | 8. | HMPRBA 308 | Innovation Management | 9. | HMPRBA 309 | Current Business Affairs & Soft Skills | 10. | HMPRBA 310 | Minor Project (8 weeks) & Viva - Voce | HMPRBA-301: Strategic Management The objective of this course is to acquaint students with the concepts, methods and tools of strategic management and their application in industry. UNIT I: Strategic Management-Basic process of strategic management; Benefits and limitations of strategic management; Goals and objectives, Business Vision, Mission and Objectives. UNIT II: Environment and Resources Analysis: Environmental Analysis, Industry and Competitive Analysis, the External Factor Evaluation (EFE) Matrix, Competitive Profile Matrix (CPM), Internal Analysis; Internal Factor Evaluation (IFE) Matrix, Porter’s Five Forces Model, SWOT Analysis and VRIO framework. UNIT III: Strategy Formulation: Porters Value chain - Generic competitive strategies - Portfolio Analysis and its limitation - BCG matrix and GE matrix - Building competitive - advantage for a firm - Strategy versus tactics...

Words: 2945 - Pages: 12

Free Essay

Karl Marx

...Carleton University Department of Political Science Winter 2016 PSCI 3600B International Institutions Thursdays - 11:35am to 2:25pm Please confirm location on Carleton Central Instructor: Office: Office hours: Telephone: e-mail: James Milner Loeb A629 Thursdays, 3-4pm and Fridays, 10-11am (or by appointment) (613) 520-2600 x2211 James.Milner@carleton.ca Please use your Carleton e-mail address or the e-mail function of cuLearn to send an email to the instructor or TA and always include the course code in the subject line. First class: Last class: 7 January 2016 7 April 2016 NOTE: No class meeting on 18 February 2016 due to Reading Week cuLearn: On-line components of this course will be managed through cuLearn. Please visit the cuLearn site at least once a week to receive the most current information pertaining to the scheduling of the course and required readings. Course objectives: International institutions have come to play an increasingly important role in global politics in the last century. Arguably the most prominent of these institutions is the United Nations (UN). Established in 1945 and in the immediate aftermath of the Second World War, the UN’s Charter set out the rights and obligations of Member States, and pledged to: “save succeeding generations from the scourges of war”; “reaffirm faith in fundamental human rights”; promote “respect for the obligations arising from treaties”; and “promote social progress and better ...

Words: 3716 - Pages: 15

Premium Essay

Ece 312 Week 4 Leadership and Management

...ECE 312 WEEK 4 LEADERSHIP AND MANAGEMENT To purchase this visit here: http://www.activitymode.com/product/ece-312-week-4-leadership-and-management/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECE 312 WEEK 4 LEADERSHIP AND MANAGEMENT The program effectively implements policies, procedures, and systems that support stable staff and strong personnel, fiscal, and program management so all children, families, and staff have high quality experiences. Rationale: Excellent programming requires effective governance structures, competent and knowledgeable leadership, as well as comprehensive and well-functioning administrative policies, procedures, and systems. Effective leadership and management create the environment for high-quality care and education by: 1. ensuring compliance with relevant regulations and guidelines; 2. promoting fiscal soundness, program accountability, effective communication, helpful consultative services, positive community relations, and comfortable and supportive workplaces; 3. maintaining stable staff; and 4. instituting ongoing program planning and career development opportunities for staff as well as continuous program improvement. Application: You are the director of your own center. Using Standard #10 in “Overview of the NAEYC Early Childhood Program Standards” and Chapter 7 as a guide, create an eight- to ten-slide PowerPoint presentation to share with your staff, demonstrating one of the following NAEYC points: 1. Program accountability ...

Words: 1749 - Pages: 7