it governance

1. Risk management is a very important part of every project.  The IT Governance is also a project and requires good risk management plan.  Please research and answer the following questions.
   1. Define Hazard
   2. Define Harm
   3. Define Risk
   4. Define potential cause of harm
2. Explain how you as the CIO of VIU will implement the risk management part of the IT Governance.

Hint:  Start by identifying all the hazards and potential causes of harm to the IT infrastructure and functionality (for example, what are you going to do if the VIU main web site goes down, or what happens if viruses get into VIU computer systems, or if the main VIU server computer crashes, etc.). Then consider all possible scenarios of causing harm and propose how to eliminate that harm or reduce them to an acceptable level.

• What are the challenges that the CIO will face when he/she introduces the IT Governance to the organization for the first time?
• Explain what skills should the CIO have in order to be successful in IT Alignment
• Consider a hybrid company such Best Buy, or Walmart (having both on ground as well as online services).  Explain what  IT Scorecard system you use to ensure proper alignment of the IT with the mission of such businesses.