The University of SydneyPage 60Standards -SummaryThe effective adoption of standards and best practices can provide many benefits. These include:• Avoiding “re-inventing the wheel”• Reducing dependency on technology experts• Increasing the potential to utilise less-experienced staff if properly trained• Making it easier to leverage external assistance• Reducing risks and errors• Improving quality• Improving the ability to manage and monitor• Increasing standardisation leads to cost reduction• Improving trust and confidence from management and partners• Compliance with regulations • Supports external audit reviews• Safeguarding and proving value• Effective governance of IT activities