The basic objectives of the IT governance can be summarized as follows:   Aligning IT strategy with Business Strategy    IT as strategic resource to deliver value    IT risk management    IT resource and financial management    IT performance management  2  BIS central bankers’ speeches    IT Policies and Procedures  Before we begin to discuss some specific issues of the IT governance, let me caution that sometimes IT governance is confused with IT controls and operations.
It needs to be appreciated that while IT governance is a strategy initiative, IT implementation, operations and control mechanisms are the means to ends. Alignment of IT strategy with business strategy It is imperative that the business strategy and IT strategy should go hand in hand, else the means would not lead to logical and planned ends.