IT Governance in Romania: A Case Study

Abstract

Relatively new in Romania, IT governance is defined as procedures and policies established in order to assure that the IT system of an organization sustains its goals and strategies. This bundle of policies and procedures, following the best practices in the area, intends to guide and control the IT function in order to add value to the organization and to minimize IT risks. The purpose of the research is to identify the measure in which the IT governance practices are implemented to the level of the financial institutions in Romania. The goal of this paper is a comparative analysis for implementing IT governance using data offered by the IT Governance Institute. This institute makes every year a study (IT Governance Global Status Report – 2006) to determine a sense of priorities and to develop actions for implementing IT governance, using data which acknowledges once more the need for all organizations to have tools and services to assure an efficient IT governance. In this way, the research will analyze, in the field of Romanian financial institutions, the most serious IT problems pointed out by the respondents from the last year, the most efficient measures considered by top management for resolving problems pointed out, the best used practices in IT governance and the most used frameworks for implementing IT governance practices.

O impacto da institucionalização da governança de Tecnologia da Informação no desempenho da governança de TI e o papel do Job Crafting

“…Desta forma, a teoria institucional considera irracionalidades do contexto organizacional e o caminho em que as organizações são influenciadas por este contexto (Jacobson, 2009;Viale Pereira, Luciano, Macadar, & Marques Daniel, 2013). Gheorghe (2009) evidencia que uma Governança de TI é efetiva no momento em que alinha os investimentos em TI com as prioridades de negócios, determina quem toma as decisões sobre TI e atribui a responsabilidade pelos resultados.…”

Performance Measurement of Information Technology Governance in Brazilian Financial Institutions

“…According to Gheorghe et al (2009) and De Haes and Grembergen (2008), ITG is defined as procedures and policies established to guarantee that an organization's IT portfolio supports their objectives and strategies. To Butler and Butler (2010), and Lin, Chou and Wang (2011), ITG is mandatory for organizations due to the significant risks associated with ubiquitous business IT.…”

“…Effective ITG aligns IT investments with business priorities, determines who makes the decisions about IT, and attributes the responsibility for the results. For financial institutions, it is particularly important to mitigate business risks and add value through IT usage (Gheorghe et al, 2009) in order to avoid fraud or guarantee forms to identify customers.…”

“…According to Gheorghe et al (2009), such demands have had an impact on ITG in financial institutions. This includes credit achievement, which now is measured by considering an organization's capacity to protect its assets, most of which are intangible.…”