23 Jun governance

A discipline of controlling chaos with established processes and standards. In IT there are often Portfolio and Data Governance initiatives to simplify and reduce duplication across systems.

From the Business Dictionary:

Establishment of policies, and continuous monitoring of their proper implementation, by the members of the governing body of an organization. It includes the mechanisms required to balance the powers of the members (with the associated accountability), and their primary duty of enhancing the prosperity and viability of the organization. See also corporate governance.