Skip to main content

VAL IT (Value from IT investments)


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 delivery practices will define and monitor key metrics and will respond quickly to any changes or deviations.
  • Value delivery practices will engage all stakeholders and assign appropriate accountability for the delivery of capabilities and the realization of business benefits.
  • Value delivery practices will be continually monitored, evaluated and improved.

  
Val IT is based on the Control Objectives for Information and related Technology (COBIT) from ISACA's IT Governance Institute. COBIT provides a comprehensive framework for the development, implementation, monitoring and improvement of information technology governance and management practices. Val IT "complements COBIT from a business and financial perspective," and adds best practices that help measure, monitor and maximize business value stemming from IT investments, according to ISACA.

Val IT addresses assumptions, costs, risks and outcomes related to IT-enabled business investments. It also provides benchmarking capability and allows enterprises to exchange IT value management best practices.


Comments

Post a Comment

Popular posts from this blog

Understanding the Evolution: AI, ML, Deep Learning, and Gen AI

In the ever-evolving landscape of artificial intelligence (AI) and machine learning (ML), one of the most intriguing advancements is the emergence of General AI (Gen AI). To grasp its significance, it's essential to first distinguish between these interconnected but distinct technologies. AI, ML, and Deep Learning: The Building Blocks Artificial Intelligence refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. Machine Learning, a subset of AI, empowers machines to learn from data and improve over time without explicit programming. Deep Learning, a specialized subset of ML, involves neural networks with many layers (hence "deep"), capable of learning intricate patterns from vast amounts of data. Enter General AI (Gen AI): Unraveling the Next Frontier Unlike traditional AI systems that excel in specific tasks (narrow AI), General AI aims to replicate human cognitive abilities across various domains. I...
Post a Comment
Read more

Normalization of Database

Database Normalisation is a technique of organizing the data in the database. Normalization is a systematic approach of decomposing tables to eliminate data redundancy and undesirable characteristics like Insertion, Update and Deletion Anamolies. It is a multi-step process that puts data into tabular form by removing duplicated data from the relation tables. Normalization is used for mainly two purpose, Eliminating reduntant(useless) data. Ensuring data dependencies make sense i.e data is logically stored. Problem Without Normalization Without Normalization, it becomes difficult to handle and update the database, without facing data loss. Insertion, Updation and Deletion Anamolies are very frequent if Database is not Normalized. To understand these anomalies let us take an example of  Student  table. S_id S_Name S_Address Subject_opted 401 Adam Noida Bio 402 Alex Panipat Maths 403 Stuart Jammu Maths 404 Adam Noida Physics Updation Anamoly :  To upda...
Post a Comment
Read more

How to deal with a toxic working environment

Handling a toxic working environment can be challenging, but there are steps you can take to address the situation and improve your experience at work: Recognize the Signs : Identify the specific behaviors or situations that contribute to the toxicity in your workplace. This could include bullying, harassment, micromanagement, negativity, or lack of support from management. Maintain Boundaries : Set boundaries to protect your mental and emotional well-being. This may involve limiting interactions with toxic individuals, avoiding gossip or negative conversations, and prioritizing self-care outside of work. Seek Support : Reach out to trusted colleagues, friends, or family members for support and advice. Sharing your experiences with others can help you feel less isolated and provide perspective on the situation. Document Incidents : Keep a record of any incidents or behaviors that contribute to the toxic environment, including dates, times, and specific details. This documentation may b...
Post a Comment
Read more