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  • Balanced Scorecard- (BSC): a strategic performance management tool - a semi-standard structured report supported by proven design methods and automation tools help to improve internal and external communications, and monitor organization performance against strategic goals.

 

  • COBIT: Control Objectives for Information and related Technology.

 

  • Goals: goals are broad based strategies needed to achieve your organization’s mission.

 

  • IT Governance: IT governance is a system that supervises both the strategy and policy put in place

 

  • IT- Information Technology: Set of tools, processes, and methodologies (such as coding/programming, data communications, data conversion, storage and retrieval, systems analysis and design, systems control) and associated equipment employed to collect, process, and present information.

 

  • IT Strategy: IT strategy is blue print for IT professionals to properly manage an organization by making sure IT is properly aligned with business.

 

  • IT Policy: IT policy is a set of rules prepared by IT professionals for employees to protect the integrity of the business network. The IT Policy is usually set by the IT team, but is followed by all users.

 

  • IT Risk :The danger associated with an IT program. When a company decides whether to implement an IT program, they must weigh their risk and reward of the program. While sometime over looked, IT Risk is becoming a larger part of corporation’s risk management strategies. 

 

  • Mission statement: A written declaration of an organization's core purpose and focus that normally remains unchanged over time.

 

  • Risk management: The identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks.

 

  • Strategic planning: is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.

 

  • Task: specific actionable events that are assigned to individuals/departments to achieve. They, too, should be specific, measurable and time bound.

 

  • Vision statement: An aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.

Glossary & Definition

© 2014 by Ditsakarn Punyapab

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