Governance of Enterprise IT (CGEIT) Certification Practice Exam

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Boost your IT governance expertise and ace the CGEIT Certification Exam. Prepare with focused quizzes covering real-world scenarios and concepts. Elevate your enterprise IT governance skills today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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How can cost transparency for IT projects enhance strategic alignment?

By hiding actual costs of projects
By ensuring stakeholders are aware of financial implications
By promoting ambiguous budgeting practices
By minimizing communication with stakeholders

The correct answer is: By ensuring stakeholders are aware of financial implications

Cost transparency for IT projects significantly enhances strategic alignment by ensuring stakeholders are aware of the financial implications associated with those projects. When stakeholders have access to clear and detailed information about project costs, they can make more informed decisions about resource allocation, project prioritization, and potential trade-offs. This transparency allows for the alignment of the IT initiatives with the overall business strategy, ensuring that financial resources are directed toward the projects that deliver the greatest value to the organization. Additionally, when stakeholders understand the costs associated with IT projects, they are better equipped to engage in meaningful discussions around project objectives, expected outcomes, and how those projects fit within the larger organizational goals. This alignment fosters collaboration and helps in building a shared commitment among stakeholders to support the IT strategy in a way that reflects the organization's priorities and financial reality.