Five Questions Boards of Directors Need to Ask About Cloud Governance

New ISACA Guidance Calls for BoD Involvement

ROLLING MEADOWS, Ill.--()--The many benefits of cloud computing include helping enterprises become more efficient, agile, innovative and flexible, but achieving those benefits depends on a number of factors, including the involvement of the board of directors. ISACA, a nonprofit, independent association of more than 100,000 governance, risk, security and assurance professionals worldwide, has issued new guidance outlining key questions for boards of directors to ask to ensure their enterprise’s cloud initiative is in line with business objectives and the organization’s risk tolerance.

“Board members need a clear understanding of cloud computing benefits and how to maximize them through effective governance practices,” said Marc Vael, CISA, CISM, CGEIT, CRISC, CISSP, an ISACA board member and chief IT audit executive at Smals. “This requires the board to see cloud computing not as an IT project, but rather as a business strategy.”

According to ISACA’s Cloud Governance: Questions Boards of Directors Need to Ask, boards should address the following five questions to determine the strategic value that cloud services are expected to provide and the impact that the cloud may have on resources and controls:

  1. Do management teams have a plan for cloud computing? Have they weighed the value and opportunity costs?
  2. How do current cloud plans support the enterprise’s mission?
  3. Have executive teams systematically evaluated organizational readiness? For example, are the right skills available? Do cloud processes conflict with other established processes? Do cloud plans conflict with enterprise culture?
  4. Have management teams considered what existing investments might be lost in their cloud planning? Does the adoption of a cloud service nullify already-made technology investments that have not reached their planned end date, and is that noted and approved?
  5. Do management teams have strategies for measuring and tracking the value of cloud return vs. risk?

“The answers to these questions will help determine the enterprise’s readiness to adopt cloud computing and also help ensure that the necessary governance is in place,” said Vael. “The COBIT 5 framework for governance and management of IT can also help enterprises manage investments such as cloud services. COBIT 5 helps ensure consistent practices to maximize value and manage risk.”

ISACA’s white paper, “Cloud Governance: Questions Boards of Directors Need to Ask,” is available as a free download at www.isaca.org/cloud-governance. Additional resources on cloud are at www.isaca.org/cloud, and the COBIT 5 framework is a free download at www.isaca.org/cobit. Cloud governance will be discussed in depth at ISACA’s World Congress: INSIGHTS 2013, taking place 10-12 June 2013 in Berlin, Germany.

About ISACA

With 100,000 constituents in 180 countries, ISACA® (www.isaca.org) is a global association providing knowledge, certifications, community, advocacy and education on information systems (IS) assurance and security, enterprise governance and management of IT, and IT-related risk and compliance. Founded in 1969, the nonprofit, independent ISACA develops international IS auditing and control standards, which help its constituents ensure trust in, and value from, information systems. It also advances and attests IT skills and knowledge through the Certified Information Systems Auditor® (CISA®), Certified Information Security Manager® (CISM®), Certified in the Governance of Enterprise IT® (CGEIT®) and Certified in Risk and Information Systems Control (CRISC) designations. ISACA developed and updates the COBIT framework, which helps IT professionals and enterprise leaders fulfill their IT governance and management responsibilities, particularly in the areas of assurance, security, risk and control, and deliver value to the business.

Follow ISACA on Twitter: https://twitter.com/ISACANews

Contacts

ISACA
Kristen Kessinger, +1.847.660.5512
news@isaca.org
or
Joanne Duffer, +1.847.660.5564
news@isaca.org

Release Summary

The benefits of cloud computing can be numerous--if the cloud initiative is effectively governed. Today, global association ISACA issued five key cloud questions boards of directors must ask.

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Contacts

ISACA
Kristen Kessinger, +1.847.660.5512
news@isaca.org
or
Joanne Duffer, +1.847.660.5564
news@isaca.org