Information technology - Governance of IT - Application of ISO/IEC 38500 to the governance of IT enabled investments

This document provides guidance on governance of IT enabled investments to the governing body of all forms of organizations, whether private, public or government entities, and will equally apply regardless of the size of the organization or its industry or sector. The terms business and business outcome throughout this document include all forms of organization covered by this document.

The document also provides guidance to other parties interacting with governing bodies such as project personnel, accountants, management consultants, investment portfolio managers and governance support staff.

IT enabled investments within the scope of this document could be investments of any scale from acquiring businesses to any business change incorporating IT, building new business services or addressing effectiveness and efficiency gains in IT operational services to gain competitive edge, whether those services are internal or provided by external parties.

Resource allocation for strategic innovation is addressed by providing guidance to the governing body's decision for investment resource allocation between short-, medium- and long-term innovation projects.

This document also provides