Effective Governance of Enterprise IT (or more commonly, IT Governance) enables enterprises to ensure an adequate level of strategic alignment of their IT strategy and objectives to that of the enterprise, so that IT is seen to be a true enabler of enterprise value. Typical problems encountered with low levels of IT governance includes misaligned Business and IT strategies, inadequate IT representation at the board level, high costs associated with a high number of failed projects, overly complex or informal IT structures, processes, resources or operating models, uncontrolled IT expenditure, and low levels of compliance. Luminis Consulting’s IT Governance service offering is aligned to international standards which includes COBIT, ITIL, ISO38500, and the King code of Governance Principles. Value optimisation is at the centre of our approach; as such we help our clients to focus their IT Governance improvement efforts on the IT processes that are key to the strategic success of their enterprise.
IT Risk Management is a subset of Enterprise Risk Management and is an important focus area for any enterprise that utilises IT as a strategic enabler of their business. Effective IT Risk Management practices enables enterprises to manage the risk inherent within their business and IT processes by implementing controls that will manage down the risk to an acceptable level. Enterprises that do not have formal IT Risk Management practices may suffer from unexpected operational or service delivery incidents and outages and ultimately the destruction or reduction business value. We provide an end-to-end service from the alignment and development of the IT risk strategies to enterprise risk strategy, all the way to conducting IT risk assessments and articulating the IT risk register/s. Our IT Risk Management offering is aligned to international standards like COSO, COBIT, and Risk IT.
IT Policies are at the heart of any enterprise as it documents an enterprises policy for operation and the procedures that need to be in place in order to fulfil that policy. Policies and procedures are also important for creating and the ongoing monitoring of the internal control framework which, in turn, is key in ensuring that the company’s objectives are being met. Luminis Consulting’s approach to IT policy development is aligned to international practice and frameworks. One of our key aims is to help our clients ensure that they establish formal and mature IT practices through the use of policy and procedures. A mature internal control environment usually yields a more positive outcome during the IT Audit process.
IT Audit is the evaluation of the controls within the IT environment to determine whether information systems are safeguarding assets, maintaining information integrity, and operating effectively to achieve the enterprise goals and objectives. Our IT audit approach is aimed at evaluating the internal control design and effectiveness of IT controls and focuses and 3 core areas (but not limited to) namely, Information Security, Information System Development, IT continuity and IT Governance. We focus on the key information systems in the IT environment that are core to key business processes. The benefits of implementing proper IT controls includes being able to provide a level of assurance that key information systems are maintaining the integrity of the enterprise’s financial information. This is particularly key during the internal and / or financial audit process.
Information Security (InfoSec) is the practice that seeks to protect enterprise information from unauthorised access, use, disclosure, modification, recording or destruction. Enterprise that do not have mature InfoSec practices in place are sometimes more vulnerable to malicious cyber-attacks which may cause operational downtime, financial loss or reputational damage. Luminis Consulting’s approach to information security is based on industry accepted practice such as ISO standards, NIST, CIS, COBIT etc. A key objective is to help our clients implement an information security system that addresses their specific information security requirements. This allows the enterprise to keep the occurrence of InfoSec incidents within the enterprises risk appetite levels and to minimise the business impact of InfoSec incidents.
IT Service Continuity is a subset of business continuity, aimed at ensuring IT service resilience and disaster recovery planning. Enterprises that do not have formal IT Continuity practices in place are less likely to have implemented controls that will prevent a significant IT service disruption. These enterprises business processes are less likely to be able to withstand and recover timeously from significant disruption. This in turn may have a negative impact on the enterprises ongoing operation, financial performance and reputation. Luminis Consulting are able to assess the maturity of your current business continuity practices and provide practical guidance to be built into your continual improvement cycle. Our approach is in line with the globally accepted practices of ISO22301 and the Business Continuity Institute.
This is a tailored unique service which allows for the collaboration of several disciplines and components offered by our Consulting business and is managed and controlled by Luminis whilst working with the relevant internal business units.
The specific service is technology agnostic but is rather architected on the solution requirement.
With over 30 years governance, security and compliance experience collectively, Luminis have developed a Data Governance & Management Framework that is specifically geared to deal with the enterprise complexity of any Data or Analytics type engagement.
Our management consulting services team will provide a range of services from developing a comprehensive Data & Analytics strategy to specialised services like Digital readiness assessments.
This area consists of a wide variety of tools and frameworks to achieve a specific output goal. We will assist with executing your Analytics and Visualization goals.
Project management consultants play the role of advisor, planner, and leader in working with our customers to devise and implement solutions related to process or quality improvement. They are a valuable resource to stakeholders seeking to identify and correct inefficiencies in workflow and processes.
We endevour to help our customers unlock their full potential by turning Data into Valuable Information.
We assist companies establish their data management and business intelligence strategies.
We’ve seen almost every type of environment and as a result, we’re comfortable with the convoluted, complex and contrived. Our experience allows us to see through the chaos and find ways to make sense of data in a way that’s best for your business.
