Attempt to define : IT Governance

I will attempt to define IT Governance on basis of my experience -

IT Governance improves the efficiency of Enterprise and manage the risk. There are different standards like COBIT, ITIL, Six Sigma etc which provides more detail.

May be we could divide the Governance in different categories like Portfolio Governance, Project Governance and Architecture Governance in an organisation.

Portfolio Governance helps to prioritise projects in pipeline, conducting cost benefits analysis, measuring business value, managing risk, defining effective process, initiating right concept and proposals.

Project Governance helps to steer the project towards the expected outcome, improving quality, aligning everyone to shared goal, revisiting the business value, delivering the right solutions.

Architecture Governance helps to build the future, identifying the opportunity, preparing road maps, migration plans, gap analysis, documenting current state, governing Enterprise Initiatives like SOA, Web2.0, EDW, Virtualisation etc.