Cloud Governance is basically a set of standardized policies and practices involving people, process and technology related to cloud computing environment and designed to ensure the ORGANIZATION and more importantly business objectives are met without surpassing risk tolerance and compliance requirements.

Business goals and objectives are varied between one and another ENTITY, however, the most commonly found is the performance, budget/cost optimization, customer satisfaction, employee attraction and retention and resource productivity.

According to The Open Group, governance answers three huge questions. First, are we doing the right things? Second, are we doing things in the right way? Last, how do we know that we have done both?

The global consortium that enables the achievement of business objectives through IT standards think that Cloud Computing Governance is a view of IT Governance focused on accountability, defining decision rights and any other way balancing benefit/value, risk, and resources in a cloud environment. At large, it is a subset of overall business governance which includes IT Governance and Enterprise Architecture (EA) Governance.

You could put their Cloud Computing Governance Framework to use. As a pool of business-driven policies and principles that establish the appropriate degree of INVESTMENTS and control around the Cloud Computing lifecycle and its processes, your organization could MAKE certain all expenses and costs associated are aligned with your company business objectives, foster data integrity organization-wide, stimulate innovation, and manage the risk of data LOSS and or non-compliance with regulations, they say.