IT General Controls Risk Assessment Report Essay

In modern society, IT (information technology) governance plays an important role in business development. Therefore a good IT organization is which match all the business need and also performance well to get lead in the industry. This report will analyze four sections related to WestJet Airlines case. First of all, the five specific areas in IT governance will be considered. Second, AS8015 model for IT governance will be defined, and a strong example will be discussed. The third part is about risk identification and control for WestJet Airlines’ IT operations. The last section will discuss how Smith manage the transformation propose.

State Farm must receive the appropriate clearance from Canadian authorities to complete the construction of the call center. Building codes are mandated by the local and national authorities to verify undue pejorative influence on

Like many of its most profitable competitors, Alcan has grown quickly through insightful series of mergers, acquisitions and rapid product development and launch strategies throughout the major markets it sells into. The company has settled on a highly decentralized divisional business model that has to the point of the case study served them well. Their IT systems are showing signs of massive overduplication of expense, with a $500M level of spending on enterprise applications with SAP being the majority. There are further signs of massive waste in their highly diversified organizational structure. There are 400 systems in the company all dedicated to pricing, a massive duplication of costs, time and effort on the part of IT across the five divisions. There are also over 1,000 concurrent enterprise-class IT systems being used throughout the company at any point in time. Conservatively speaking the company is spending 20% of their total enterprise software spend on maintenance costs alone. This is forcing the CIO, Robert Ouelette, to re-evaluate both the organizational structure and IT systems supporting it. The goals of this analysis are to evaluate the advantages and disadvantages of the existing application or IT management structure. An analysis of the proposal by Robert Ouelette is also provided along with an assessment of it potential effectiveness in solving the challenges is facing today.

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Each flowchart step is placed in the “Lane” for the group responsible for completing the task (Marketing, Sales, HR, etc.).

First of all, in the area of IT Management, the risk assessment is medium. They have a strategic plan, which is a strength, because a strategic plan will help FFC to meet its business goals by outlining the objectives and strategies for the information system group. In addition, FFC has an IT steering committee, which is also a strength, because the committee develops and revises IT and security policies, and reviews the operations of the IT department. However, there are a couple of weaknesses in the area of IT Management. For instance, their Chief Information Office only reports to their Chief Financial Officer. According to the Sarbanes-Oxley Act, the company’s chief executive officer and chief financial officer are requires to include an assessment of the operating effectiveness of their internal control structure over financial reporting when issuing the annual report. In addition, the Vice President of Applications, Vice President of Operations, Vice President of Information Security, and Vice President of Database Administration reports only to Chief Information Officer

Ideally however, a business monarchy would be established, clearly defined security policies would be put in place along with information security education, training and awareness to every employee in the organization and some investment would be made in the IT structure whereby the server might be accessible at the organization itself as well as in the Finance Commission’s offices. Lastly, another alternative would be to establish IT governance within the organization and give invest in education, training and awareness of information security to all employees involved with the organization whether directly or indirectly.

Copyright 2009 Harvard Business School Publishing Corporation All rights reserved Printed in the United States of America This chapter was originally published as chapter 1 of The Adventures of an IT Leader, copyright 2009 Harvard Business School Publishing Corporation. No part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise), without the

Establish an IT Review Board (or process in smaller operating units) to advise the head of the operating unit on critical IT matters, to assess IT initiatives in the budget review process, to control ongoing IT investment implementation, and to conduct post-implementation reviews of completed projects to benefit from lessons learned. Present to the Commerce IT Review Board as requested for Information Technology Investment Authority, Control Reviews, Post Implementation Reviews, Portfolio Management Reviews, etc.

In the time it has taken me to complete the IT Management course of study at Webster University I have learned that there are additional tasks that I was previously unaware of in regard to the management of Information Technology. Although I work in the IT field, my adult education was anchored in the Psychology field where the use of IT assets is limited at best. Learning the importance and relevance of organizational behavior, finance, communication systems, project management, procurement, systems analysis, and communications security in regards to IT management was mostly new to me. I chose to write this essay to show the way each subject that was required for the IT Management degree affected my capstone project.

The firmed lacked an IT governance structure, so a team was created around the issue (ITMC). The purpose of the team was to create a fresh started, but it took some getting used and changing the way things we're getting done. The committee members were not used to having to come to agreements with that setting and to address issues directed to them. The purpose of the ITMC should be to facilitate and share experience and ideas to improve the effectiveness of the IT functions around the firm. Encourage cooperation to ensure the most effective and responsible way to use technology. There is an extended ITMC about 45 people, that meet once a month and share a bit more information and advice on all matters relating to information technology. They can identify emerging technologies, significant trends in information technology and communicate them to the group. According the Faulkner, hardware, software and people are leading the technology at the firm and are a critical component of

As an Internal Control Office team member, I support the Internal Control Office (ICO) audit liaison role for all communication between the Agency Office Chief Financial Officer (OCFO), the JSC OCFO, JSC Procurement Office, and various JSC organizations. The audit liaison role requires understanding the flow and dependencies between finance, procurement, and human resources in satisfying multi-departmental audit requests. As an Internal Control Office team member, I am responsible for understanding and communicating customers’ needs during audits, which are both crucial and time sensitive. Communication is an essential factor that is practiced on a routine basis, I support JSC various financial and internal control audits

Foods Fantastic Company is a public company which mainly operating regional grocery store in Maryland. This Company relies on application programs, such as bar-code scanner, to entre sales to the system. The FFC majority depends on the computer system to run their business. Based on this situation, the Information General Controls review is necessary for this company as the reason that ITGC is the foundation of every categories of the internal control.

This portfolio focus on what I have learned during the whole IT Strategy and Control paper, a critical reflection of this paper would be provided. This reflection includes the key points, support reference and the demonstration of my own understanding about the paper itself and all of my personal understandings are based on the learning outcome of this paper. In the first part of this portfolio, I would discuss all the key IT Operations Management framework which have been introduced in the paper, the analysis of the processes based on my own understanding would be given. In the second part, analyze processes required for aligning IT infrastructure and operations with the business goals of an organization would be talked about, and I would focus a business organization which has been mentioned in the caselets as a sample. In the third part, some critical evaluate operational IT organizations and their processes against the studied models would be listed and analyzed. In the last part, the recommendations and analysis of my own would be given against those organizations (caselets) which have some problems and current issues arising from the implementation of the IT framework.

Frenzel (2004) claimed that to be successful, a firm’s IT management team must take action on the following critical areas: business management issues; strategic and competitive issues; planning and implementation concerns; and operational items. If for any reason, the organisation experiences difficulties in the above areas, the manager will need to set goals and objectives to overcome and prevent these issues.