Principles, definitions, and a model are provided by ISO/IEC 38500 to assist regulatory bodies in comprehending the significance of information technology (IT). Regardless of the level of IT utilization, this standard is meant to help all kinds of businesses assess, plan, and oversee the use of IT. It consists of managerial procedures and choices about the usage of IT both now and in the future. By establishing an IT governance language and providing information and guidance to governing bodies, this standard aims to encourage the effective, efficient, and acceptable use of IT across all enterprises. In this article, we will find out how to optimize your business operations align with ISO 38500 standards.
Six principles of ISO 38500
To start reacping ISO benefits, you need to know how it will work for you. Let’s get started.
Principle 1
Responsibilities entail defining duties precisely enough for the IT department to comprehend them.
Principle 2
Strategy refers to IT management to fulfill present and future business requirements by the organization’s business strategies.
Principle 3
Acquisition states that all IT purchases must be preceded by analysis and validation.
Principle 4
Performance entails making sure IT operates effectively to fulfill business requirements.
Principle 5
Ensuring IT conforms to set institutional policies, norms, and legal restrictions previously, aligning with your strategic planning.
Principle 6
The sixth principle, which deals with human behavior, ensures that IT respects human elements and the present and future needs of every individual involved in the process.
For you, what makes IT governance important?
Regulatory agencies can use ISO/IEC 38500 to ensure that IT use improves an organization’s performance. Therefore, firms can monitor IT usage, guarantee business continuity and sustainability, align IT with business priorities, and ensure optimal implementation and operation of IT assets by meeting ISO/IEC 38500 requirements.
Additionally, this standard will assist you in gaining the skills and information required to assist organizations in creating, putting into practice, and continuously enhancing a framework that conforms with the guidelines and model for strong IT governance established by ISO/IEC 38500.
It teaches you how to manage risk, promote the use of IT-related opportunities, and prevent the improper implementation of IT systems and ISO/IEC 38500 principles. This standard helps you comprehend business strategy, match it with technology strategy, and counsel the organization on IT governance best practices.
Organizations provide excellent job chances to people with the necessary expertise and certifications in response to the growing demand for more qualified personnel.
What are the benefits of IT governance (ISO/IEC 38500)?
As a professional with ISO/IEC 38500 certification, you will be able to:
- Properly manage your IT investments
- Enhance the organization’s performance
- Strengthen project management
- Strengthen the organization’s standing in the marketplace
- Reduce the risk of IT
- Ensure higher rates of project success
Why another standard, ISO 38500?
In CEO meetings and boardrooms, we need to give IT more attention. We see IT-related conversations as sophisticated and inappropriate. It is necessary to discuss how we use technology, not the technology itself. For example, we should address productivity better than the newest technology.
Higher up in the firm, IT governance is likewise spoken about in passing. Finance-wise, the response to IT governance efforts is typically something like “Yes, we know we should do this; we just do not have the budget,” even while the board and management publicly support it.
Furthermore, project failures and operational disruptions persist despite implementing management tools or processes (created with COBIT). These mistakes are frequently directly attributable to ill-informed board or executive decision-making. Instead of viewing information technology as a corporate asset, businesses view it as the duty of the IT department. It is positioned strategically by ISO 38500, which approaches it from a demand perspective (i.e., “How can we use IT?” as opposed to “How do we deliver IT?”). It also emphasizes how the board should behave when using IT.
What are the comparisons between ISO 38500, COBIT, and ITIL?
ISO 385001 has a roof-like appearance as it looks down from the top. Process frameworks like ITIL and Projects in Controlled Environments 2 (the how) provide the foundation, while COBIT (the what) serves as the walls.
Applying the house analogy, the board would only succeed if it attempted to use ISO 38500 for the roof by implementing the foundation or walls. Moreover, businesses would be open to the weather without the roof.
There needs to be a universal fit for ISO 38500. Emphasizing the demand side of IT management enhances existing standards and frameworks like COBIT, ITIL, and others rather than replacing them.
What is the process for initiating ISO/IEC 38500 training?
Do you want to ensure that IT is used more effectively and enhances the company’s performance? At ATMACSS, our professionals help ensure your company has sound IT governance.
In the current digital era, an organization’s ability to successfully administer its IT is essential.
With the support of the complete framework provided by ISO 38500, organizations can manage risk, maintain compliance with pertinent requirements, and align IT with their strategic objectives.
IT governance capabilities can be improved, and enterprises can achieve commercial success by putting the ideas and procedures described in ISO 38500 into practice.
ATMACSS| Business Consulting Company in the UAE
Being ISO-certified means you will get much appreciation from investors. That will take your organization to the next level. ATMACSS can support ISO certification and application. So don’t hesitate to contact us and make an appointment.
