UTILIZING THE VAL IT 2.0 FRAMEWORK TO ASSESS THE EFFECTIVENESS OF INFORMATION TECHNOLOGY INVESTMENTS FOR IMPLEMENTATION OF THE E-PROCUREMENT SYSTEM IN PT XYZ LIFE INSURANCE

- IT Governance and the development of appropriate information technology, aligned with business strategy and in accordance with the target is a priority, but often development projects are not expected to match the even, there are many information technology development project failure or canceled in the middle of the road. That's because information technology governance and IT investment planning are not good. It is necessary to analysis IT governenace and planning of IT investment. The selected sample is PT. Candi Malindo Bangkit with five (5) respondents involved. Tools in this study using the COBIT framework for data and opinions about IT governance and Val IT for IT investment planning. The selected domain from the COBIT framework are DS4 (continuous service), DS5 (information system security) and DS11 (data management), and the domain of Val IT are Value Governance (VG), Portfolio Management (PM) and Investment Management (IM) . Then based on the analysis can be known maturity level of IT governance and IT investment planning. The analysis shows that the current PT. Candi Malindo Bangkit still at maturity level 1 (one) or at the level of the initial/Adhoc which means IT governance and IT investment planning has been no standardization process, yet organized and implemented based on the needs of a sudden.Keywords: Audit, IT Governance, COBIT, Val IT

The IT Governance Institute (ITGI) initiative the Val IT framework provides guidance and process for assists the enterprise when making the IT investment portfolio decision. Model of the this research quotation is the core construction constructs based on Val IT, Through the expert questionnaire by the case study and use the AHP (Analytical Hierarchy Process) computation IT projects strategic alignment and risk indicators, by the FROV (Fuzzy Real Options Valuation) computation IT projects real options value, finally combine the data to infer the best investment portfolio. Portfolio of six of the eleven IT projects proposed by the model, compare with the case company resolution result, the difference has one item. The difference item to the analysis of the interviews discovers that the reason is that decision makers consider the subjective decisions made under the restrictions caused by the organization load capacity and existing projects, verified through case studies, the use of Val IT to construct models of practice implementation can be used as important reference.

This study explores the application of the ISO 38500, Risk IT, and Val IT frameworks in improving IT governance at the university. ISO 38500 provides general guidance for IT management by boards of directors, while Risk IT focuses on IT risk management and Val IT focuses on managing the value of IT investments. Qualitative research methods were used, including interviews with key stakeholders at Pamulang University. The research results show that the integration of the ISO 38500, Risk IT, and Val IT frameworks has helped universities optimize strategic decision-making regarding IT. Implementation of this framework increases transparency, accountability and holistic IT risk management across the university. However, challenges faced include a lack of deep understanding of the framework and the need to ensure consistency in implementation. Recommendations for the university include more intensive training for staff, strengthening communication between different units, and developing performance metrics that align with the university's strategic goals. This research makes an important contribution to the practical understanding of implementing effective IT governance in higher education environments, by highlighting the benefits and challenges of integrating the ISO 38500, Risk IT, and Val IT frameworks.

The purpose of this paper is the investigation of the relationship between information technology and value creation. In doing so, the paper presents a conceptual framework based on the Val IT model. This framework can assist companies in the selection, implementation and optimisation of IT investments to create long-term value. The paper is based on a qualitative approach with the inclusion of a single-method approach. Research is developed according to the study of national and international literature. Following an initial analysis of existing literature on the evaluation of company investments, research has been conducted through the Val IT method to assess these intangible assets. The sources of research are secondary in nature (documents, reports, newspaper articles, papers and scientific books). This methodology emphasises the connection between the modern services created in the knowledge economy and the application of new technologies, especially in the field of Information Technology. Val IT is a governance framework for creating business value from IT investments. It allows companies to increase the possibility of selecting investments with a high potential of value creation, as well as with a greater possibility of success in executing, creating, strengthening and using these services.

All of successful enterprises globally recognize that information technology is an important supporter in economic success and a strategic cooperator. These enterprises utilize IT Governance to achieve more and more value. But whereas the involvement of business is also crucial in creating value from IT investments, the necessity of a migrating from IT Governance to Enterprise Governance of IT has been appeared. This means enterprises need to establish Enterprise Governance of IT through the frameworks so that they can clarify IT functionality and business functionality, properly. In this way, COBIT and Val IT frameworks can be facilitator. It is necessary that enterprises understand relationships between these two frameworks and utilize them simultaneously to get great success. So in this paper, we aim to declare the relationships between COBIT4.1 and Val IT2.0 to help enterprises to enable both business and IT people in supporting of business/IT alignment and realizing of business value from IT-enabled business investments.

Placement of funds at this time in the hope of future gain is essentially the investment, on the other hand that the output is used by private companies to produce output in the future is called investment. Value of investment based on business valuation means the value of an asset or to specify or memprospektifkan ownership. Type this value into account ownership of the knowledge, skills, expectations of risk and earnings potential, as well as other factors. The benefits of the investment will be felt in the period tertentu.Namun how investment can be measured and the known benefitsare appropriate in pengimplemtasiannya.The concept of Val IT Framework 2.0, which was initiated by the Information Technology Governance Institute (ITGI) (2008), through the experience of a set team of practitioners, academics, and practices, some of the methodologies, and research to develop the Val IT framework. Development of the Val IT framework with several research activities, publications and support services. Val IT consists of a set of basic principles and the three main processes for measuring the value of IT Value Gavenance, Portfolio Managament, Investment Management.Masing these 3 main process then broken down into several sub-items. Through the business case method can provide a complete picture and transparent to the management on the benefits of an investment and helps the management to make decisions on investment, so it can be used as controls achieving the expected value of an investment in Information Technology. Keywords: IT investments, Val IT, Business Case.

This research is conducted to measure and improve the performance of Information Technology (IT) governance using COBIT 5, as well as providing in-depth insight into the factors that affect performance and constraints on the Non-ERP Solution Function. Measurements are made by referring to the Process Assessment Model in COBIT 5 to determine the level of capability. This research aims to determine the obstacles experienced by the Non-ERP Solution in providing centralized services, measure level of capability in implementation IT governance from the current condition (as-is) to the expected condition (to-be) and conduct gap analysis.This research uses the Process Assessment Model (PAM) to measure IT governance capabilities. The research stages refer to the Assessment Process Activities provide in COBIT 5. The measured domain is determined through COBIT 5 mapping against the company''s goals. The data collection method used is a mixed methodology, which includes qualitative and quantitative methods.The obstacles faced by the Non-ERP Solution Function of PT XYZ in providing centralized services are related to consistency in implementation, especially in terms of human resource which sometimes does not follow the established procedures consistently. IT governance measurement shows that the BAI03 process is currently at level 4 (Predictable Process). However, there is a gap in achieving the company''s target that sets level 5 for the process. Keywords: IT Governance, COBIT 5, Capability Level

The research examines the impact of IT governance on business-IT alignment and IT investment performance to achieve firm business value. IT investment is a essential part of a system of interrelated firm resources where the level of IT business value depends on the degree of systems fit or misfit. This study drawn on the related literature in IT governance, IT investment performance, business-IT alignment and firm business value. The sample of 34 commercial banks and telecommunication companies in Sri Lanka participated in this study. Accordingly, the findings of this study proved the proposed hypotheses are supported except hypothesis 3. Accordingly, the first hypothesis proved that the IT governance facilitates to create better business - IT alignment. The second hypothesis proved that the IT governance practices create improved IT investment performance for businesses. The fourth hypothesis confirmed that the IT investment performance create firm business value. In contrary to the expectation, the third hypothesis that the business IT alignment and firm business value failed to support. The implications are also suggested from this study finding.

PT XYZ merupakan salah satu perusahaan di Indonesia yang memproduksi semen dan memiliki 3 pabrik yang tersebar di daerah. Perusahaan ini telah lama memanfaatkan Teknologi Informasi (TI) dalam mendukung proses bisnisnya, tapi belum mengetahui tingkat kematangan dari penerapan TI tersebut dikarenakan belum dilakukan pengukuran terhadap tata kelola TI. Pengukuran tingkat kematangan tata kelola TI penting untuk dilakukan, agar manajemen mengetahui sejauh mana tata kelola TI membantu manajemen untuk mencapai tujuan organisasi. Pengukuran tata kelola TI dapat dilakukan jika sudah diketahui proses-proses apa saja yang harus diukur. Pengukuran nilai kematangan tata kelola TI pada PT XYZ menggunakan kerangka kerja COBIT 4.1. Pengumpulan data dilakukan dengan cara wawancara, studi literatur, obeservasi, dan kuisioner. Dari penelitian yang dilakukan, diketahui bahwa tata kelola TI pada PT XYZ berada pada tingkat ketiga (proses yang terdefinisi).

This study aims to analyze the implementation of occupational safety and health (K3) in the coal mining company PT XYZ, Analyze and identify the factors that influence the implementation of occupational safety and health (K3) in the mining company PT XYZ. This research is a descriptive qualitative and quantitative research approach. Primary data obtained from respondents are used as a means to obtain information or data carried out by field surveys through direct observation and interviews with respondents in the company and secondary data obtained from PT XYZ collected and compiled according to the problem of this study which was conducted in literature studies. Data were analyzed through text analysis, data interpretation. Data were analyzed using the SPSS (factor analysis) program to analyze the factors that influence the implementation of occupational safety and health in the coal mining company PT XYZ.

PT XYZ is a management consulting company in Jakarta. This company has many products related to information technology. Therefore, measuring the capability of information technology governance at PT XYZ was carried out. The measurement of information technology governance capability is based on problems that are often faced by companies in terms of project management followed by problems related to the company's IT budget and human resources skilled in information technology. Capability measurement is carried out using COBIT 2019 with a qualitative approach. Using data collection methods with interviews and literature study. The results of the data collection showed that there were 3 COBIT 2019 domain processes that matched the company's problems, namely APO06 - Managed Budget and Costs, APO07 - Managed Human Resources, and BAI11 - Managed Projects. The results of the capability measurement carried out concluded that the three selected domain processes namely APO06, APO07, and BAI11 were achieved at level 2 or can be categorized as Fully Achieved so that companies get several recommendations for improvement to improve the quality of their information technology governance and reach a higher level.

Aim/Purpose: This study is carried out to determine the factors influencing the implementation of IT governance in public sector. Background: IT governance in organizations plays strategic roles in deciding whether IT strategies and investments of both private and public organizations could be efficient, consistent, and transparent. IT governance has the potential to be the best practice that could improve organizational performance and competency. Methodology: The study involves qualitative and quantitative approaches, where data were collected through questionnaire, observation, interview, and document study through a sample of 367 respondents. The collected data were analyzed using Structured Equation Modeling (SEM) for validating the model and testing the hypotheses. Besides, semi-structured interview, observation, and document study were also carried out to obtain the management’s feedback on the implementation of IT governance and its activities. Contribution: The results of this study contribute to knowledge regarding good IT governance. Practically, this study can be used as a guideline for the future development and good IT governance. Findings: The findings reveal that policy has a significant direct influence on system planning, the management of IT investment, system realization, operation and maintenance, and organizational culture. The existence of IT governance policies, the success of the IT process can work well. Monitoring and evaluation processes also significantly affect system plan-ning, management of IT investment, system realization, operation and maintenance, and organizational culture. It indicates the process of monitoring and evaluation required for indications of financial efficiency, infrastructure, resources, risk and organizational success. Recommendations for Practitioners: It is important for organizational management to pay more attention to the organization’s internal controls in order to create good IT governance. Recommendation for Researchers: A comparative study between Indonesia and developing countries on the implementation of IT governance is needed to capture the differences be-tween those countries. Impact on Society: Knowledge of the factors influencing the implementation of IT governance as an effort to implement and improve the quality of IT governance. Future Research: Future studies should look further at the policy and IT governance models, specifically in public organizations, besides other influencing factors. Moreover, the outcome of this study could be generated as a guideline for the advanced development of IT governance and as a point of improvement as a way to generate a better good IT governance. It is essential because such evidence is lacking in current literature.

The COVID-19 pandemic forced organizations, including higher education institutions, to rapidly adjust their operations. In the face of the pandemic, most higher education institutions shut down their campuses and transitioned to emergency remote teaching mode. This study examines digital resilience in higher education institutions through the conceptual lens of disaster response management, by assessing the role played by the centralized governance of information technology (IT) investments. We posit that centralized IT helps organizations maintain customer satisfaction with services during a crisis (e.g., student satisfaction with classes during COVID-19) by facilitating the organization-wide transition to an emergency operational mode and supporting its service operations. Consolidating data on IT investment, governance, and course evaluations from 463 U.S. higher education institutions from 2017-2020, we show that centralized IT helped organizations adapt better to the pandemic in terms of maintaining student satisfaction. Moreover, we found that centralized IT investments geared toward facilitating organizational coordination and providing instructional and technical support played a pivotal role in enabling ERT and improving student ratings during the crisis. These results are corroborated by interviews with CIOs of U.S. higher education institutions. Additional analyses also suggest that the effectiveness of centralized IT governance is contingent upon organizational size, dissimilarity of local units, and the strategic role of the CIO. We also discuss theoretical extensions toward digital resilience as well as practical implications.

This study analyzes the influence of IT governance on IT investment performance. IT investment performance is known to vary widely across firms. Prior studies find that the variations are often due to the lack of investments in complementary organizational capitals. The presence of complementarities between IT and organizational capitals suggests that IT investment decisions should be made at the right organizational level to ensure that both IT and organizational factors are taken into consideration. IT governance, which determines the allocation of IT decision rights within a firm, therefore, plays an important role in IT investment performance. This study tests this proposition by using a sample dataset from Fortune 1000 firms. A key challenge in this study is that the appropriate IT governance mode varies across firms as well as across business units within a firm. We address this challenge by developing an empirical model of IT governance that is based on earlier studies on multiple contingency factors of IT governance. We use the empirical model to predict the appropriate IT governance mode for each business unit within a firm and use the difference between the predicted and observed IT governance mode to derive a measure of a firm's IT governance misalignment. We find that firms with high IT governance misalignment receive no benefits from their IT investments; whereas firms with low IT governance misalignment obtain two to three times the value from their IT investments compared to firms with average IT governance misalignment. Our results highlight the importance of IT governance in realizing value from IT investments and confirm the validity of using the multiple contingency factor model in assessing IT governance decisions.

In the era of globalization, competition among companies in providing goods and services has become increasingly intense, making organizational success highly dependent on competent human resources. Technology-based startups in Indonesia face challenges in acquiring high-quality IT personnel, leading many to adopt outsourcing as a recruitment solution. PT XYZ, a logistics startup that relies on technology and mobile applications, collaborates with outsourcing vendors to meet its IT workforce needs. However, PT XYZ faces difficulties in selecting high-performing vendors due to the absence of an objective and structured selection system. This study aimed to evaluate the reliability of PT XYZ's vendor recruitment assessment system, analyze the criteria and weights used in selecting recruitment vendors, and design a more objective and accurate vendor selection system. The research employs a mixed-method approach, incorporating descriptive analysis and the Analytical Hierarchy Process (AHP) to determine vendor criteria weights, as well as MPE analysis to design the system. The findings indicated that PT XYZ's current vendor assessment system is unreliable, with an average evaluation score of 1.9. The key criteria for vendor selection included integrity (0.157), cooperation (0.094), quality (0.235), timeliness (0.219), cost (0.244), and resource utilization (0.05). Based on the analysis, this study proposes a more effective vendor recruitment selection system to enhance PT XYZ's efficiency and competitiveness in acquiring IT personnel that align with the company's needs.