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• This is because KPIs are measurable values that indicate how well the IT governance framework is achieving its objectives and delivering value to the business1. By evaluating KPI results, the organization can:

Evaluating KPI results can provide a comprehensive and objective overview of the IT governance framework’s effectiveness and impact.

The other options, developing a business case for the program portfolio, benchmarking the IT governance framework to industry best practice, and reviewing results of IT audit reports are not as effective as evaluating KPI results for assessing the effectiveness of a newly established IT governance framework. They are more related to the design and implementation of the IT governance framework, rather than its evaluation. They may also be too narrow or subjective for assessing the IT governance framework’s effectiveness, as they may not cover all aspects or perspectives of the IT governance framework. They may also depend on external factors or standards that may not be relevant or applicable to the organization’s specific context and needs.

Reviewing the information governance framework should be the CIO’s primary focus before the migration, because it will help the CIO to ensure that the enterprise’s data and applications are secure, compliant, and aligned with the business objectives and policies in the cloud environment. The information governance framework defines the roles, responsibilities, processes, standards, and metrics for managing information assets across the enterprise. It also covers aspects such as data classification, data quality, data protection, data retention, data sovereignty, and data privacy. By reviewing the information governance framework, the CIO can identify the requirements, risks, and gaps that need to be addressed before moving to the cloud. The other options are not as important as reviewing the information governance framework, because they are either dependent on or secondary to it. Selecting best-of-breed cloud offerings is a tactical decision that should be based on the information governance framework and the enterprise architecture. Updating the enterprise architecture repository is a good practice, but not a primary focus before the migration. It can be done after the migration to reflect the changes in the IT landscape. Conducting IT staff training to manage cloud workloads is a necessary step, but not a primary focus before the migration. It can be done in parallel with or after the migration to ensure that the IT staff have the skills and knowledge to operate and optimize the cloud environment. References := Migration environment planning checklist, Practical Guide to Cloud Governance, Governance or compliance strategy

The best way for IT to achieve compliance with regulatory requirements is to enforce IT policies and procedures that align with the compliance standards and guidelines. IT policies and procedures are the documents that define the roles, responsibilities, rules, and expectations for the IT function and its activities. They help to ensure that the IT systems and processes are secure, reliable, efficient, and consistent with the business objectives and legal obligations. By enforcing IT policies and procedures, IT can demonstrate its compliance with regulatory requirements and avoid violations, penalties, or reputational damage. The other options are not as effective as enforcing IT policies and procedures for achieving compliance with regulatory requirements. Creating an IT project portfolio is a good practice for managing IT investments and resources, but it does not guarantee compliance with regulatory requirements. Reviewing an IT performance dashboard is a useful technique for monitoring and measuring IT performance and value delivery, but it does not ensure compliance with regulatory requirements. Reporting on IT audit findings and action plans is a necessary step for improving IT governance and control processes, but it does not achieve compliance with regulatory requirements. References := What is IT Compliance? - Checklist, Guidelines & More | Proofpoint US, 6 Common IT Compliance Standards (A Guide to the Basics), Here’s Why Regulatory Compliance is Important - Reciprocity

The CIO’s first step in deciding the appropriate response to the new regulatory requirement should be to consult with legal and risk experts to understand the requirements. This step is important because the legal and risk experts can provide the CIO with the relevant and accurate information about the new regulation, such as its scope, objectives, implications, and deadlines. The legal and risk experts can also advise the CIO on the potential risks and impacts of non-compliance, as well as the best practices and strategies for compliance .

The other options are not the first step in deciding the appropriate response to the new regulatory requirement, but rather subsequent steps that depend on the outcome of the consultation with the legal and risk experts. Revising initiatives that are active to reflect the new requirements is a step that occurs after the CIO has understood the requirements and assessed their impact on the current IT-enabled business activities. Confirming there are adequate resources to mitigate compliance requirements is a step that occurs after the CIO has identified and prioritized the actions and tasks needed to achieve compliance. Consulting with the board for guidance on the new requirements is a step that occurs after the CIO has developed and proposed a feasible and effective compliance plan.

References: : How to Respond to Regulatory Changes - Smartsheet : Regulatory Change Management: A Guide for Compliance Teams | LogicGate