Aligning enterprise risk management with business strategy and information systems

Business leaders recognise effective risk management as one of the main success drivers for enterprises. Even though the Enterprise Risk Management (ERM) concept has evolved significantly in the past years, in the aftermath of recent economic crises it became evident some of its critical challenges still need to be addressed. The review of subject literature led to a conclusion that current ERM approaches failed to protect enterprise value in turbulent and risky market conditions. Therefore, this paper aims to provide a conceptual analysis of the most common ERM practices and frameworks, in order to identify their shortcomings and areas requiring development. It is further aimed to provide guidance to business practitioners in implementing more integrated and effective Enterprise Risk Management (ERM) solutions. This research recognises the importance of aligning ERM programmes with business strategies, and with consolidated Information Systems. A “New Approach ERM Model” is developed as guidance for a successful alignment of ERM with enterprise business strategy, and for an effective adaption of Information Systems to requirements of ERM programmes. The “New Approach ERM Model” steers risk management initiatives and strategies in the same direction, and consequently allows enterprises to improve organisational effectiveness, increase shareholders value, and gain competitive advantage in the market

Emerging Issues Of Enterprise Architecture In UK Universities

“New paradigms have emerged in Information Systems discipline that leverages the value of Information Technology planning and management. Corporate governments adopt Enterprise Architecture (EA), as a strategy for aligning business goals and information systems strategy so IT resources may become effective. IT management and future investments are challenging for many institutions due to the devolved nature of the institution. IT resources need to be effectively coordinated. The UK HE sector is currently faced with such challenge. Higher educational institutions are adopting modern approaches in addressing fundamental changes that include constrained funds, and improving students and stakeholder demand. EA helps an organisation manage its IT resources by aligning the IT strategy with the business strategy, so that IT becomes a worthy investment. This study will determine the current approach towards EA and its interpretation as an IS planning practice in UK higher institutions. This paper reviews current literature and uses qualitative methods to analyse the data collected. Data used for this study include transcripts from interviews, data from workshops cum focus groups, and reports from five institutions in the Joint Information Systems Committee (JISC), funded pilot study. The results from this qualitative analysis show that EA represents a new IT management innovation in the HE sector that would help senior management decision making, help departments share reusable resources and ensure IS departments become more successful by looking at how IS impacts on an organisation\u27s strategy. The paper concludes with identification of key issues emerging in the adoption of this approach in the context.

Perancangan Arsitektur Sistem dan Teknologi Informasi Menggunakan Togaf ADM (Studi Kasus Dinas Perhubungan Kota Balikpapan)

Utilization of information systems or technology in an organization is needed to improve organizational efficiency. This relates to the rapid development of information systems or technology that affect the ongoing business processes. The effectiveness is in the form of aligning business strategy with information system strategy and business transformation. However, the dilemma faced especially in Government agencies such as the Balikpapan City Department of Transportation is how to align business strategies and information systems strategies that will be used so as to achieve organizational goals.  Responding to the problem, it is necessary to align between the business needs of the organization and the needs of the application to support the vision and mission to be achieved by the Balikpapan City Department of Transportation. This can be achieved by using the framework of The Open Group Architecture Framework (TOGAF) which provides a detailed method of how to build, manage and implement an enterprise architecture known as the Architecture Development Method (ADM), hereafter referred to as TOGAF ADM. This research produces a mapping of business needs and application needs to support the vision and mission to be achieved through the information systems or technology architecture design including business architecture modeling, information system architecture, and technology architecture on the Balikpapan City Department of Transportation

Penyelarasan Strategi Teknologi Informasi dan Strategi Bisnis dalam Kerangka Universitas 4.0 di STT Pagar Alam

Business activities in a company or institution currently have high competition. Companies are not only required to have a business strategy. Along with the development of information technology, companies must also develop an information system strategy based on the business strategy that the company has developed. The purpose of designing business strategies and information systems strategies is to strengthen the strength of competitiveness in the technological era by implementing strategic information systems by considering and aligning business strategies in accordance with the conditions of the strength of the company or college. The use of IT in STT Pagar Alam as a whole has not been implemented but some have been implemented both from the network, the management system, and even to the teaching system already using IT. This study aims to analyze the alignment of information technology and business strategies in STT Pagar Alam using the IT Balanced Scorecard framework. The results of the analysis of this study stated that the initial step in designing the IT Balanced Scorecard at STT Pagar Alam is to align the vision, mission, and strategy of a tertiary institution. Determined objectives to determine the strategic size of each strategic goal. The results of this study are that the use of IT in STT Pagar Alam as a whole has not been implemented and produced a strategic map that is classified from four perspectives in the IT Balanced Scorecard associated with IT strategy. Keywords : Analysis, IT strategy, IT Balanced Scorecard.

Mengukur Korelasi Antara Tingkat Kemapanan Tata Kelola Teknologi Informasi Dengan Produktivitas Perusahaan

Banyak literatur yang memaparkan manfaat penyelarasan antara Strategi Sistem Informasi/Teknologi Informasi (SI/TI) dengan strategi bisnis bagi keberhasilan organisasi. Penelitian ini dilakukan untuk melihat korelasi antara tingkat kemapanan suatu Perusahaan dalam menyelaraskan strategi SI/TI dengan strategi bisnisnya dan produktivitas Perusahaan tersebut. Penelitian ini dilakukan melalui studi kasus tunggal pada Perusahaan perdagangan barang dan jasa teknologi informasi. Model yang digunakan dalam menilai tingkat kemapanan penyelarasan strategi SI/TI terhadap strategi bisnis adalah model tingkat kemapanan menurut kerangka kerja Control Objective for Information and Related Technology (COBIT). Ukuran produktivitas yang digunakan dalam penelitian ini adalah Total Factor Productivity (TFP). Melalui pengujian statistik non-parametrik dengan koefisien korelasi peringkat Spearman, tidak ditemukan korelasi positif antara tingkat kemapanan Perusahaan dalam menyelaraskan strategi SI/TI dengan strategi bisnisnya dan produktivitas Perusahaan. Sebagai kesimpulannya, dampak tingkat kemapanan penyelarasan strategi SI/TI melalui tata kelola TI terhadap produktivitas suatu organisasi tidak selalu dapat diukur dengan membandingkan keduanya dalam periode tahun yang sama. Much of the literature describing the benefits of alignment between Strategy Information Systems/Information Technology (IS/IT) with business strategy for the success of the organization. The study was conducted to see the correlation between the level of reliability of a company's strategy in aligning IS/IT with business strategy and company productivity. The research was conducted through a single case study on trade in goods and services enterprise information technology. The model used in assessing the reliability of the alignment of strategy IS/IT to business strategy is a model framework for the establishment by the Control Objective for Information and Related Technology (COBIT). Productivity measures used in this study is Total Factor Productivity (TFP). Through the non-parametric statistical tests with Spearman rank correlation coefficient, was not found a positive correlation between the level of maturity in aligning corporate strategy IS/IT with business strategy and corporate productivity. In conclusion, the impact of strategic alignment maturity level of IS/IT through IT governance on the productivity of an organization can not always be measured by comparing the two in the same period

The Research of Effective Factors on is Planning Capability of IT Organization

In fast-paced business environments, most businesses rely on IT. Business units continuously require planning, development and management of IS aligning with their business strategies. In this continuous process, an IS organization performs business analyses as well as planning and application functions for IS environments in a position of mediator between both business and IT units. In recent years, monitoring and evaluation of developed information systems has become an important tasks, which is inevitable and essential for making IT investment decision. This organization is generally referred to as an \u27IS strategic planning team\u27, \u27IT planning team\u27, \u27information strategic team\u27, and \u27IT strategy planning team\u27, etc., and is collectively referred to as an \u27information strategic organization\u27. This paper aims to identify ‘IS Planning Capability’ as the most important critical factor for information strategic organizations and examined how different factors that can affect planning capability, and further impacts on IS planning satisfaction in business units

The Role of the Chief Information Security Officer (CISO) in Organizations

In an increasingly connected and digital world, information is seen as a business enabler and source of sustained competitive advantage. Thus, information security is becoming critical to protect these information assets, which is why organizations’ information security strategy has been aligning with their strategic goals. This paper aims to study organizations’ general information security environment, analyse the CISO’s role in them and understand where they should be positioned on the organizational structure. Interviews were conducted on experienced information security consultants, information systems and information security directors, which allowed to conclude that organizations in Portugal still need to increase their maturity when it comes to information security, and that this may be due to the absence of an established security culture in the country. On the other hand, the CISO’s role has been increasing in relevance, being considered that it should have a close and independent relationship with organizations’ boards

Evaluation of the impact and effectiveness of information technology governance in the National Regulator for Compulsory Specifications (NRCS)

Corporate governance has received a lot of attention over the last few years. Major factors contributing to this are a number of major corporate fraud cases and the introduction of new regulations, such as the Sarbanes-Oxley Act in 2002 for American companies and the King II report for South Africa. The attention to corporate governance also leads to attention to information technology (IT) governance because IT plays a vital role in supporting business processes. Information technology governance is a subset discipline of corporate governance, focusing on information and technology and its performance and risk management. Information technology governance is essential to ensure that the National Regulator for Compulsory Specifications (NRCS) gets expected return on investment. Information technology (IT) governance is all about the implementation of processes, structures and mechanisms that enable business to realise value from IT investment. The main objective of this study was to evaluate the impact and effectiveness of IT governance in NRCS. The researcher’s aim was: to examine the effectiveness of IT controls implemented on the NRCS IT systems; the enforcement of IT policies; the alignment of the IT department with business; and accountability of IT management. This study was conducted using a qualitative research design – specifically case study as a research method. A case study allowed the researcher to gather information through interview questions and observation of the target population, which comprises NRCS management, IT personnel and systems. To conclude the study, the researcher has identified factors prohibiting the NRCS IT department to enforce and implement IT governance for NRCS to realise return on investment they made on IT infrastructure. The inferences may be drawn that effectiveness of IT governance can be achieved by training management and IT personnel in IT governance, using approved IT policies and aligning IT strategy with a business strategy. &nbsp

PENGARUH PENYELARASAN STRATEGIK TERHADAP KINERJA ORGANISASI ( Studi Empiris pada Rumah Sakit dan Klinik di Pangkalan Bun, Kalimantan Tengah )

This study aims to examine the effect of strategic alignment on organizational performance at Pangkalan Bun’s hospital and clinics, Central Kalimantan. The performance of an organization is a factor that determines how the existence and competitiveness of an enterprise. Good performance of the organization is an organization which capable of aligning business strategy and IS/IT strategy. Strategic alignment is the relationship between information systems plans with business plans. Using survey data from middle management and top management with data collection of responder by post. The analytical tool is used Partial Least Square based on Structural Equational Modelling And SmartPLS software. Result of this research which confirm research of Nofie Iman and Jogiyanto, that the organization's performance is influenced by strategic alignment, business strategy and IS/IT strategy. Meanwhile strategic alignment is influenced by business strategy and IS/IT strategy. Thereby can be concluded that organizational performance is still affected by the alignment between business strategy and IS/IT strategy. For research to come to be expected Organizational Performance with other variable

Business process modeling: How CMMN and DMN complement BPMN

The business world’s current markets are characterized by higher levels of competition, forcing organizations to adopt IT solutions that can provide them with a competitive advantage. Thus, they continuously search for approaches that can facilitate the development and maintenance of their Information Systems. To accomplish that, modern organizations increasingly focus on their business processes, as these are considered a main factor for their success. Organizations use a set of approaches to ensure greater control, flexibility and ability to manage their business, while aligning their processes with the organizational strategy. Among these, the hybrid process modeling approach, which combines the Business Process Model and Notation (BPMN), Case Management Model and Notation (CMMN) and Decision Model and Notation (DMN) to model business processes, is gaining momentum. This approach helps to define organizational processes in a more efficient, structured and realistic way, while making them much simpler. In this paper, we begin to explore the combination of the recent CMMN and DMN proposals with the widely used BPMN language, trying to understand the benefits that the integration of these three notations bring to the modeling of business processes.FCT - Fundação para a Ciência e a Tecnologia(UID/CEC/00319/2013