What task is most likely assigned to an IT steering committee within a financial enterprise?

The task most commonly assigned to an IT steering committee within a financial enterprise is approving IT project plans and budgets. This committee often plays a pivotal role in overseeing and guiding the direction of IT initiatives, ensuring that projects align with the broader strategic goals of the organization.

By approving project plans and budgets, the steering committee ensures resources are allocated appropriately and that IT initiatives are not only feasible but also provide value to the organization. Given the financial context, this oversight helps mitigate risks associated with IT investments and ensures that the projects undertaken support the overall mission and objectives of the financial enterprise.

While aligning IT to business objectives, advising on IT compliance risk, and promoting IT governance practices are also important functions within an organization, the steering committee's primary responsibility is typically centered around the tactical and strategic validation of IT projects and the allocation of funds to support those initiatives. This ensures that IT spending is justified and aligned with the financial enterprise's priorities.