The due diligence framework followed in ITIS (Information Technology and Information Systems) commonly includes multiple recognized frameworks and methodologies, with notable mentions of:
- DDIDEAL Framework : This is a stepwise due diligence approach involving Define scope, Data collection, Investigate, Document, Evaluate, Assess risks, and Launch recommendations. It guides systematic data gathering, analysis, risk assessment, and reporting for informed decision-making.
- ITIL (Information Technology Infrastructure Library) : A widely accepted IT service management framework that ensures alignment of IT services with business needs. ITIL covers service strategy, design, transition, operation, and continual improvement, supporting due diligence by managing risks and ensuring quality IT service delivery.
- IDEAL Framework : A process improvement framework involving phases of Initiating, Diagnosing, Establishing, Applying, and Leveraging. It helps organizations assess and improve IT processes in a structured manner.
- IDEA : Primarily a software tool and methodology for data extraction and analysis used in auditing and due diligence to ensure data integrity and comprehensive examination.
Additionally, some IT due diligence frameworks focus on key IT areas such as business strategy, IT infrastructure, applications, security, people and organization, financials, and project management to assess risks and readiness during IT investments, mergers, or acquisitions. In summary, ITIS due diligence often involves a combination of these frameworks and tools to cover risk assessment, process evaluation, data validation, and service management for thorough and informed IT decision-making.
