Isaca CGEIT Exam With Confidence Using Practice Dumps

The best way to provide the board with an indication of progress of the IT initiatives is to conduct a portfolio management review. A portfolio management review is a process that involves evaluating and reporting on the performance, status, and outcomes of the IT projects, programs, and services that are part of the IT portfolio. The IT portfolio is a collection of IT investments that are aligned with the enterprise’s strategic objectives and expected to produce substantial value. A portfolio management review can help the board to assess and communicate the progress of the IT initiatives, as well as to identify and address any issues or risks that may affect their success. A portfolio management review can also help the board to ensure that the IT portfolio is balanced, optimized, and aligned with the business needs and priorities. IT Portfolio Management: A Comprehensive Guide | Smartsheet provides an overview of IT portfolio management and its benefits.

Standards-based reference architecture and design specifications. A reference architecture is a set of principles, patterns, standards, and best practices that guide the design and implementation of IT solutions. A design specification is a detailed document that describes the technical requirements, features, and functionalities of an IT solution. By using standards-based reference architecture and design specifications, an enterprise can ensure that its IT infrastructure is aligned with its business needs and goals, and that it can support the integration, compatibility, and scalability of its IT systems and services. Some examples of standards-based reference architectures are: The Open Group Architecture Framework (TOGAF) 1, The Federal Enterprise Architecture Framework (FEAF) 2, and The Cloud Computing Reference Architecture (CCRA) 3.

This is because a portfolio review is a process of evaluating the performance and value of IT investments in relation to the business objectives and strategy. A portfolio review can help to identify the alignment, contribution, and optimization of IT investments, as well as the risks, issues, and opportunities for improvement. A portfolio review can also help to communicate and demonstrate the value of IT to the board and other stakeholders, as well as to support decision-making and prioritization of IT resources.

Some of the sources that support this answer are:

1: This source explains the value of IT governance and how it can help to optimize risk and manage resources to support the organization’s mission, goals, and objectives. It also discusses some of the governance enablers, such as principles, processes, and policies, that can help to align IT with the business context.

2: This source provides a research-based methodology to improve IT governance and drive business results. It suggests that conducting a portfolio review is one of the steps to redesign the governance framework and ensure that IT investments are aligned with the business strategy and deliver value.

3: This source defines IT portfolio management as a discipline that enables organizations to manage their IT investments as a collection of projects, programs, and services that contribute to the enterprise’s strategic goals. It also describes some of the benefits of IT portfolio management, such as improving alignment, optimizing value, reducing risk, and enhancing transparency.