CGEIT VCE Exam Download

The most important thing to review during IT strategy development is the current business environment, as it reflects the internal and external factors that affect the enterprise’s performance, objectives, and needs. The current business environment includes the analysis of the enterprise’s strengths, weaknesses, opportunities, and threats (SWOT), as well as the assessment of the market trends, customer demands, competitor actions, and regulatory requirements. Reviewing the current business environment can help align the IT strategy with the business strategy, as well as identify and prioritize the IT initiatives and investments that can support and enable the enterprise’s goals and value proposition.

Industry best practices, IT balanced scorecard, and data flows that indicate areas requiring IT support are also important things to review during IT strategy development, but they are not the most important thing. Industry best practices are the methods or techniques that have been proven to be effective or efficient in achieving a desired outcome or result in a specific domain or context. Industry best practices can help benchmark and improve the IT strategy, as well as adopt or adapt the best solutions or innovations from other enterprises or sectors. IT balanced scorecard is a set of metrics that measure the performance of IT in relation to the enterprise’s vision, strategy, and goals. IT balanced scorecard can help evaluate and communicate the effectiveness and efficiency of IT strategy, as well as its contribution to customer satisfaction, business value, and innovation. Data flows that indicate areas requiring IT support are the diagrams or models that show how data is collected, processed, stored, and distributed within or across the enterprise’s processes or systems. Data flows can help identify and address the gaps or issues in IT service delivery or data management, as well as optimize or integrate the data systems or tools.

The data owner is the role that is accountable for the confidentiality, integrity, and availability of information within an enterprise, because the data owner is the person who has the authority and responsibility to classify, label, and protect the information assets according to their value and sensitivity1. The data owner also defines the business requirements for the information security and ensures that the data custodian implements the appropriate controls to safeguard the information2. The data owner is also part of the IT governance domain 4: Value Delivery3. References := 1: Data Classification Standard3, page 42: 3 Pillars of Data Security: Confidentiality, Integrity & Availability43: CGEIT Review Manual 2023, ISACA, page 155.

An IT balanced scorecard is the most appropriate mechanism for measuring overall IT organizational performance, because it is a framework that translates the enterprise’s vision and strategy into a set of performance measures that cover four perspectives: financial, customer, internal business process, and learning and growth12. An IT balanced scorecard can help to communicate and monitor the IT strategy and goals, and align the IT activities and resources with the business needs and expectations. An IT balanced scorecard can also provide a balanced and comprehensive view of the IT performance and value delivery, and highlight the strengths, weaknesses, opportunities, and threats for improvement12. References := ISACA, CGEIT Review Manual, 7th Edition, 2019, page 43-44.

because this would help the enterprise to comply with privacy laws and regulations by identifying and labeling the data according to its sensitivity, confidentiality, and protection requirements. Data classification can help the enterprise to apply the appropriate security controls, access rights, retention policies, and disposal methods for the data, and to prevent unauthorized or unlawful use, disclosure, or breach of the data12. Data classification can also help the enterprise to demonstrate its accountability and transparency for the data processing activities, and to meet the expectations and rights of the data subjects12.