Transparency of IT's cost, value, and risk is primarily achieved through which of the following?

The primary focus on achieving transparency of IT's cost, value, and risk relates to performance measurement. By implementing performance measurement frameworks and metrics, organizations can quantify the efficiency and effectiveness of IT investments and operations. This involves assessing various key performance indicators (KPIs), which often include financial metrics, operational metrics, and risk assessments.

Performance measurement creates a clear view of how IT contributes to the organization's objectives, allowing stakeholders to understand the value derived from IT initiatives. It provides insights into cost management and risk implications, thus leading to more informed decision-making. By continually monitoring and reporting on performance, organizations can make adjustments to enhance value delivery, optimize resource allocation, and ensure better alignment with strategic goals.

While aspects like strategic alignment, value delivery, and resource management are important components of an effective IT governance framework, they generally serve as enablers or outcomes of successful performance measurement rather than the primary mechanism for achieving transparency in cost, value, and risk.