The IT Governance Institute Published a Framework Called Val IT

question 7

True/False

The IT Governance Institute published a framework called Val IT, which consists of a formal statement of principles and processes for IT management.

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Definitions:

Efficiency

The ratio of useful output to total input, used to measure the effectiveness of a system, process, or machine in utilizing resources.

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved.

Performance Benchmarking

The practice of measuring an organization's performance against industry standards or best practices to identify areas for improvement.

Achieves Results

Refers to the ability to effectively reach objectives or goals within a set timeframe and resource allocation.