In the context of governance, what does "EDM" stand for?

In the context of governance, "EDM" stands for Evaluate, Direct, and Monitor. This framework is crucial because it encapsulates the essential processes through which governance should be conducted.

Evaluating involves assessing the performance and alignment of IT with the organization’s objectives. This step ensures that the organization's IT resources are being utilized effectively and are contributing to overall business goals.

Directing refers to providing direction and guidance for the organization’s IT-related activities. This encompasses setting strategic goals, aligning IT projects with business priorities, and ensuring that there is clarity in responsibilities and expectations.

Monitoring is the continuous assessment of organization performance against the set goals and objectives, which allows for timely interventions should any discrepancies or areas for improvement be identified.

This combination of evaluating, directing, and monitoring ensures that governance effectively supports the organization in achieving its goals and managing risks associated with information technology and related systems.