Which function does an IT governance framework serve?

An IT governance framework primarily serves to align IT strategy with business goals. This alignment ensures that IT investments and initiatives support the organization's overall objectives, enhancing value and efficiency. By establishing clear guidelines, structures, and processes, the framework provides a mechanism for decision-making and accountability, ensuring that IT contributes effectively to achieving business outcomes.

In this context, options that suggest limiting access to sensitive data or managing software licensing issues focus on specific operational aspects of IT management rather than the overarching strategic alignment role that governance plays. The establishment of a budget for IT expenditures is important, yet it is part of the broader governance tasks that involve aligning financial resources with strategic initiatives. Thus, while the other options address various IT management concerns, the primary function of an IT governance framework is to ensure that the IT strategy is in sync with the overall business strategy, promoting cohesion and strategic value.