Five Key Areas of Successful IT Governance

Alignment – Provide for strategic direction of IT and the alignment of IT and the business with respect to services and projects.

Value Delivery – Confirm that the IT/Business organisation is designed to
drive maximum business value from IT. Oversee the delivery of value by IT to the
business, and assess ROI.

Risk Management – Ascertain that processes are in place to ensure that risks
have been adequately managed. Include assessment of the risk aspects of IT
investments.

Resource Management – Provide high-level direction for sourcing and use of IT resources. Oversee the aggregate funding of IT at enterprise level. Ensure there is an adequate IT capability and infrastructure to support current and expected future business requirements.

Performance Measurement – Verify strategic compliance, i.e. achievement of strategic IT objectives. Review the measurement of IT performance and the contribution of IT to the business (i.e. delivery of promised business value).

source:itgi.org