How do you go about decision making in your organisation?

At the highest level, governance is about establishing sound management structures, policies and procedures; these spell out the rules and processes for making decisions on corporate affairs. By doing this, it also provides the structure through which the company objectives are set, and the means of attaining those objectives and monitoring performance.

Our governance assistance could cover the design and implementation of the governance structure, roles and responsibilities; quality assurance, risk management and change management policies and processes; stakeholder engagement mechanisms; and measurements to assess the effectiveness of the governance processes.

Driving a need for better IT governance practices is the pressure to comply with more legislative and regulatory frameworks, whether that be CLERP 9 (a set of financial reporting reforms that oversee auditors and corporations' reporting processes) in Australia, or the Sarbanes-Oxley Act for Australian companies doing business in the US. CEOs, Board members, directors, officers, staff, accountants, auditors all have roles to play in this.

While legislation may be driving an implementation of higher governance standards, many benefits flow from that adoption due to improved business management.

NeoNexus helps your organisation confront these changes and assists in developing a solid understanding of proper controls, providing ongoing risk assessment practices within management and bring business and IT strategy and processes into full alignment.

NeoNexus can assist with tools and advice for structuring and improving your decision making mechanisms. We take a process driven approach, as process is the most enduring of the three primary components of a management system (these being People, Process and Technology.)

By capturing and documenting business processes NeoNexus helps ensure a stable, controlled, repeatable environment that can be objectively measured against deliverables and service levels.

Standardised processes enable:

• Efficient and effective service to meet business requirements
• Cost and quality improvement.

NeoNexus uses techniques like:

• Portfolio Management

• Balanced Scorecard

• KPI Dashboards

• Business Process Modeling

• Closed-loop Management

We are guided in our approach by Australian Standard 8015-2005: Corporate Governance of Information and Communication Technology. This standard provides guiding principles for directors on the effective, efficient, and acceptable use of Information Technology within their organisation.