IT Governance deals with managing IT risks, value and establishing control processes, while judiciously allocating decision rights. IT Governance is a topic that many companies today are trying to master. Here are some reasons why: We spend a lot of IT : The worldwide spending on IT and ITES is in excess of USD 3.2 trillion. An average US company spends about 50% of its CAPEX on IT. IT is everywhere : Organizations are more and more dependent on their information systems for their survival. Failure of IT systems can lead to the collapse of the enterprise. Legal ramifications : IT has become so crucial that even regulators and shareholders are increasingly getting involved in policies around the proper use of information, particularly personal data. It can be safely said that Governance of IT systems is largely causing the difference between the success and failure of today’s high technology environment. The IT Governance simulation places the participant in the shoes of a consultant who is responsible for IT Governance strategy of a company. In the simulation, the participant prioritizes IT projects, manages a project portfolio, manages IT risk and also allocates decision rights. The participant is assessed based on the ROI and the strategic variance.