IT governance, risk management and value delivery in construction organizations: Literature review analysis

Abstract

According to the business oversights, many international organizations collapsed, suffered heavy losses with big scandals in different industries. Furthermore, they were recognized that their financial situations, technological fundamentals, and organizational environments were not steady, riskier, more volatile, and less effective, which were egregious mistakes. It is vital to most organizations, in particular construction organizations to concentrate on avoiding any type of risk and also protecting from uncertain situations. Thus, organizations should take a closer look in managing risks regularly to avoid displeasure brazenly apparent from customers and investors by implementing IT governance as a resourceful solution. At the same time, best practices support to reduce daily operational fluctuations to the values of organizational assets, including IT infrastructures and IT resources, which would also foster an appreciation of opportunities in delivering value among individuals and impacting the way they manage organizations. Consequently, this paper explores the potentials of collaboration between risk management and value delivery in IT governance within construction organizations. These domains concern to IT adoption in the contexts of organization through risk management and value delivery, which could support IT experts in enhancing IT phenomenon in construction organizations. © 2014 Springer-Verlag Berlin Heidelberg.