ITIL + IT-GRC = mass * velocity
In the world of acronyms, information technologists seem to lag behind only government agencies in their ability to create jargon and abbreviations of cryptic concepts. IT-GRC is one member of the IT lingo club. The Information Technology Infrastructure Library, or ITIL, is a fellow acronym gaining more acceptance and popularity within the IT industry. ITIL provides a common framework to formalize a service-oriented management approach within IT and improve interaction between IT and the business.