I need to write 100 words paragraph about IT strategy best practices followed by commonwealth bank of Australia.

IT and Business Alignment PG 6683 Assignment 2 - Presentations and Final Report (group assignment) Due Date: Friday week 12 of Semester 1 2022 at 11:00 pm This assignment is worth 30% of total marks of this subject. This assignment consists of two parts namely Part 1 and Part 2. Each group of students is required to choose one of the following two parts for their assignment 2. Part 1: Part 1 of this assignment provides you with the opportunity to apply the knowledge developed in the IT & Business Alignment Unit. You are required to apply this knowledge by writing a report for the CEO of an organisation (can be hypothetical) with which you are familiar. The CEO knows about IT and business alignment but she/he is unfamiliar with all of the issues in this problem space. She/he knows that you have studied in this area and has provided you with a copy of AS/NZS8019:2015 Corporate Governance of Benefits Realisation for IT Enabled Investments seeking advice on potential adoption. (A copy of AS/NZS8019:2015 Corporate Governanc&ext of Benefits Realisation for IT Enabled Investments is available at Canvas website of this subject under week 6 materials). Your report should identify and highlight the various aspects of IT & business alignment that the Standard will influence. It is critical that you demonstrate an understanding of both the theoretical and practical aspects of IT & business alignment and of the processes involved. You may choose to cover this discussion in the body of the report or in an appendix. The lecture notes of IT & business alignment as well as the unit readings and your text book provide a good grounding for understanding these theoretical and practical implications. In particular you are required to refer in your report to materials from your lecture on: 1. IT value proposition 2. Delivering IT value through strategy 3. Business and IT strategy critical success factors 4. IT strategy best practice 5. Business matrices for IT and designing business matrices for IT 6. Effective business IT relationship Your report should contain a brief (may be anonymous) description of the organisation so as to better place the IT and Business Alignment issues in their organisational context. You may use any of the case studies in your text book as the organisation that you choose for your assignment