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An IT balanced scorecard is the most appropriate mechanism for measuring overall IT organizational performance, because it is a framework that translates the enterprise’s vision and strategy into a set of performance measures that cover four perspectives: financial, customer, internal business process, and learning and growth12. An IT balanced scorecard can help to communicate and monitor the IT strategy and goals, and align the IT activities and resources with the business needs and expectations. An IT balanced scorecard can also provide a balanced and comprehensive view of the IT performance and value delivery, and highlight the strengths, weaknesses, opportunities, and threats for improvement12. References := ISACA, CGEIT Review Manual, 7th Edition, 2019, page 43-44.

According to the CGEIT exam guide, the IT strategy committee should ensure that the IT strategic plan is aligned with the business needs and goals of the enterprise. Therefore, before initiating the development of an IT strategic plan, the committee members should be apprised of the business needs and understand the expectations and requirements of the stakeholders. References: CGEIT Exam Candidate Guide, page 13. CGEIT Certification

One of the primary responsibilities of a data steward is to classify and label organizational data assets, which means to assign categories and tags to the data based on its characteristics, such as type, source, sensitivity, quality, or purpose. Classifying and labeling data helps to organize, manage, and protect the data assets, as well as to facilitate their discovery, access, and usage. Data stewards are also responsible for defining and maintaining the data classification and labeling standards and policies, and ensuring their compliance across the organization. References: What Is a Data Steward? Roles & Responsibilities | Zuar1, Data Stewards: Who They Are & Why Data Stewardship Matters - HubSpot Blog2, Data Steward: Roles, Responsibilities, and Certification3

A project governance framework is a set of principles, policies, roles, responsibilities, and processes that guide, direct, and control the initiation, planning, execution, monitoring, and closure of IT projects. A project governance framework can help the enterprise address the problems of poor project performance, lack of accountability, and inconsistency in execution by:

• Providing a clear and consistent structure for managing IT projects across the enterprise
• Aligning IT projects with the strategic objectives and priorities of the enterprise
• Defining the roles and responsibilities of the project stakeholders, including the board of directors, senior management, project sponsors, project managers, project teams, and end-users
• Establishing the criteria and methods for selecting, prioritizing, approving, and funding IT projects
• Setting the standards and expectations for project planning, execution, quality, risk management, communication, and reporting
• Implementing the mechanisms and tools for monitoring, controlling, evaluating, and reviewing IT project performance and outcomes
• Ensuring the accountability and transparency of IT project decisions and results

References:

• According to the CGEIT Review Manual 2022, "Project governance is a subset of IT governance that provides a framework for managing IT projects. Project governance ensures that IT projects are aligned with business objectives; are delivered on time, within budget, and with acceptable quality; and are managed in a consistent and transparent manner."1
• According to the ISACA article on Project Governance: An Essential Element of Project Management Success2, “Project governance is an empowering aspect of the project management office (PMO) infrastructure management. It enables effective decision making by providing clarity on roles and responsibilities; it also provides a framework for escalation management.”
• According to the PMI article on Project Governance: What You Need to Know3, “Project governance is a critical element of any project since it provides a framework for accountabilities and responsibilities associated with an organization’s capital investments (projects). It is defined as an integrated framework of processes and tools that address matters essential to successful project delivery.”