Event Driven Governance
Event Driven Governance improves efficiency and agility of governance models and governance processes
In an event-driven governance model, however, governance processes are virtualized and event-enabled, thus being triggered only when needed. When pre-defined event-driven governance triggers occur, the corresponding governance process is activated, governance policies are enforced dynamically, and governance committees are convened only if needed. The governance model serves its purpose and then awaits the next requirement for governance intervention. This lean governance performance management approach is essential to best-in-class enterprise governance. When governance risk and compliance is well managed, rather than allowed to stagnate, waste is vastly reduced, time is saved, and the enterprise is able to reap the positive benefits of governance without the burdensome bureaucracy usually associated with “the g-word.” Event-driven governance concepts apply to all enterprise and IT governance requirements, including IT investment planning, enterprise architecture/architecture review boards, SOA governance, data governance, Cloud governance, PMO governance, portfolio management, ITIL, governance, compliance and risk, security governance and more.
AgilePath’s Event Driven Governance solutions, services and process templates can assist your enterprise in transitioning to this model. This leaner event-driven architecture is based on a simple premise that a governance model, with its associated principles and policies, processes and policy enforcement mechanisms, should be a virtual framework that is triggered by governance events associated with business or IT processes. Instead of having a governance board that dutifully meets every month –whether it is needed or not—event-driven governance is only active when it is needed.
Event-Driven Governance is also augmented by self-governance and community-governance concepts, which are scalable and enable a more collaborative and trust- based approach to governance. Event-Driven Governance is intended to be light-weight, lean and virtual, bolstered by explicit policies and processes, and deployed using trust-based designs.
Benefits of Event-Driven Governance include:
- A lightweight governance model with fewer standing governance boards, committees and meetings
- Benefits of self-governance, collaborative governance and on-demand policy enforcement mechanisms
- Clarity of policies and processes helps lessen the over-dependence on manual, committee-driven governance models
Governance in the traditional sense often entails –top-down prescriptive policies that are enforced by the governance oversight committees. These governance models rely on outmoded meetings and are paper-heavy. Not surprisingly, they also tend to be ineffective. These seemingly interminable meetings add friction to the enterprise and delay decision-making, slowing productivity and wasting time.
With Event-Driven Governance, however, the emphasis is on a lightweight, virtual organizational model, which is only invoked when necessary governance events trigger pre-defined governance processes and policy enforcement activities and mechanisms.