VAL IT (value from IT investments) is a framework that outlines governance best practices for information technology-enabled business investments. VAL IT was developed by ISACA, an independent, nonprofit, global association that engages in the development, adoption and use of globally accepted information system (IS) knowledge and practices. The goals of the Val IT framework are to help organizations define the relationship between IT and business, guide IT investments and manage investment portfolios for IT-enabled business. Val IT is based on seven principles: IT-enabled investments will be managed as a portfolio of investments. IT-enabled investments will include the full scope of activities that are required to achieve business value. IT-enabled investments will be managed through their full economic life cycle. Value delivery practices will recognize that there are different categories of investments that will be evaluated and managed differently. Value delive...