IT value and alignment. One of the primary goals of IT governance is to ensure alignment
between the business units and IT. By creating the necessary structures and processes around IT
investments, management can ensure that only those IT projects that are aligned with strategic
business objectives are approved, funded, and prioritized. Furthermore, alignment also deals
with balance between investments that run the current business, grow existing businesses, and
have the potential to transform the business, while delivering IT value by managing projects
that are on time, on budget, and deliver expected results. Delivering value to the business
typically means things like growing revenues, improving customer satisfaction, increasing
market share, reducing costs, and enabling new products and/or services.