Rolling Meadows, IL - May 12, 2008 - A new worldwide survey of 749 CEO/CIO-level executives commissioned by the non-profit, independent IT Governance Institute (ITGI) has revealed that 60 per cent of the organisations surveyed[1] said they are convinced that the organisation is getting a lot of value out of IT activities. Some of the benefits referenced include delivering better customer relations and risk management at a lower cost or even creating higher product leadership. "Innovative" companies came out as five times more likely to continually optimise processes as they recognise IT as fundamental to their business and are using it as a competitive weapon. Translated this means that conservative companies are being held back by their attitude towards IT.

The primary goal of VAL IT is to enable organisations to secure optimal value at an affordable cost with an acceptable level of risk from investments in business change. This can be achieved through processes and management practices in three domains :

• Value Governance;
  • Setting direction and criteria to obtain optimal value from the portfolio of IT-enabled investments

• Portfolio Management;
  • Selecting, managing and monitoring the portfolio of IT-enabled investments to deliver optimal value
    
• Investment Management;
  • Ensuring that individual IT-enabled investments deliver optimal value

ITGI commissioned the global survey of 749 CEO-/CIO-level executives in 23 countries to determine executives’ IT governance priorities and IT-related problems their organisations have faced. 

Survey Methodology
The ITGI Global Status Report is based on the findings of a worldwide survey conducted by PricewaterhouseCoopers (PwC) in 23 countries from July 2007 until October 2007. Interviews were conducted in the native language of the interviewee by telephone or mail. Researchers contacted CIOs and CEOs from contact databases of PwC and ITGI. The total number of interviews conducted was 749, of which 652 were from a random sample of organizations. The total results reported are at the 95% confidence level with a margin of error of +/ 4%.

[1]) Researchers contacted CIOs and chief executive officers (CEOs). The total number of interviews conducted was 749, of which 652 were from a random sample of organisations; 71 were known as CobiT users and 26 were experienced CobiT users. The interviews were conducted worldwide (in 23 countries), and all continents/regions were represented.

Date and Time Posted: Monday, May 12, 2008 11:33 AM

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