IT Oversight Case Study Example | Topics and Well Written Essays - 1000 words

IT Oversight - Case Study Example Consequently, these issues have created greater demand for the organizations to adopt effective IT governance and address the issue of oversight in order to effectively deal with the emerging issues. Presently, companies are identified to face problems in the area of IT governance and oversight framework with respect to proper management and maintenance of existing IT infrastructure. Additionally, companies fail to understand the importance of IT in formulating organizational strategies. Due to increased complication associated with management of IT infrastructure, companies are witnessed to be challenged with ensuring reliability, security and quality of the existing IT system which are deemed to be important for carrying out the day- to-day operations of a company. Companies lacking knowledge about IT infrastructure are unaware regarding software, information and hardware that are owned and implemented, which in return is affecting the companies from leveraging the best outcome from their IT investment. The failure of companies to review reliability and security measures has led to service disruption. There is also the issue of inappropriate project management system owing to which companies are identified to face problems in tracking inventory, orders and revenues. A number of organizations are also identified to face IT-related issue in relation to the implementation of legacy system. Inappropriateness of legacy system adversely affects accounting department of companies in updating as well as accounting financial information and other relevant data due to which data might become out-of-date. Companies are also under the threat of legal problem of intellectual property which in turn is causing a rise in distraction costs and affecting business inefficiency (Nolan & McFarlan, 2005). Companies are required to develop a matrix based on which the management might be able to determine the position of the