Question: Review chapter readings and lecture notes in Module 3 and answer the following questions. Provide a thoughtful and comprehensive response to each of the questions below. Upload homework assignment using the link provided in Module 3 on or before the scheduled due date.
1. What is the difference between boards, committees, and workgroups?
2. What is the difference between corporate and IT governance?
3. Why is IT Governance important? Think of a situation that could have been prevented had a corporate of IT policy been in place?
4. Identify and explain three characteristics of good governance?
5. Identify at least five areas associated with IT Governance?
6. What are some of the key areas auditor's examine relative to IT governance? Provide an example of what specifically they would examine regarding financial management, data/information security, and compliance?
7. In every organization, IT governance addresses seven interrelated IT decisions; what are they?
8. What is the value of creating an IT Governance Matrix and charters for governing entities?