BEC 6 M2: IT Governance

Question 1

Steering Committee

Answer 1

formed to guide and oversee systems development and acquisition

Question 2

monetary value of a risk

Answer 2

risk probability*cost to fix problems caused by risk

Question 3

Five focus areas for IT governance

Answer 3

1. Value delivery
2. strategic alignment
3. resource management
4. risk management
5. performance measurement

Question 4

Electronic Data Interchange (EDI)

Answer 4

exchange of business transaction documents from one computer to another. Not used for collaboration between humans, just computers.

Question 5

Another name for collaborative systems

Answer 5

Groupware systems

Question 6

Control Objectives for Information and related Technology (COBIT)

Answer 6

best practices framework for implementing IT, it’s not a requirement

Question 7

a primary goal of IT governance is to

Answer 7

balance risk vs return over IT and its processes