What is the most important element for the successful implementation of IT governance?

Identifying organizational strategies is fundamental to the successful implementation of IT governance because it ensures that IT decisions align closely with the organization's overarching goals and objectives. When an organization has a clear understanding of its strategic direction, it can leverage IT governance to prioritize initiatives, allocate resources effectively, and measure performance against business objectives.

This alignment is critical because IT governance is not just about managing technology; it's about enabling the organization to achieve its strategic ambitions through technology. By identifying and understanding these strategies, organizations can create frameworks that support decision-making processes, risk management, and performance assessments that are directly related to achieving their goals.

The other options, while important in the context of IT governance, are more tactical in nature. Implementing an IT scorecard helps measure performance but doesn’t drive the foundational strategy. Performing a risk assessment is essential for understanding and mitigating potential vulnerabilities but does not set the direction for IT governance. Creating a formal security policy is vital for protecting information assets but is a component of governance rather than a foundational element. Thus, identifying the organizational strategies is the cornerstone upon which effective IT governance is built.