IT Strategy Template
a. Why: After the widely reported collapse of Enron in 2000 and the alleged problems within Arthur Andersen and WorldCom, the duties and responsibilities of auditors and the boards of directors for public and privately held corporations were questioned. As a response to this, and to attempt to prevent similar problems from happening again, the US Sarbanes-Oxley Act was written to stress the importance of business control and auditing. Although not directly related to IT governance, Sarbanes-Oxley and Basel-II in Europe have influenced the development of information technology governance since the early 2000s.
b. Why: the need for greater accountability for decision-making around the use of IT in the best interest of all stakeholders
c. IT governance systematically involves everyone: board members, executive management, staff and customers.
d. It establishes the framework (see below) used by the organization to establish transparent accountability of individual decisions, and ensures the traceability of decisions to assigned responsibilities.
e. It states that strategic IT decisions should be owned by the corporate board, rather than by the chief information officer or other IT managers
9. What constraints must we manage
You can easily lose what is the point of all the above details; I want to focus on what strategy essentially means to guide us developing it. Strategy basically means:
1. A high level plan of action to achieve your objectives; so you should first know clearly what is your objectives.
2. Policy (guiding principles of action) designed to achieve your objectives.