The top three activities of IT steering committees are IT project prioritization, approval of IT projects, and IT strategic planning. Organizations that operate effective IT steering committees realize better IT project priority setting as well as improved alignment with business objectives.
Transit definition, the act or fact of passing across or through; passage from one place to another. See more.
Deposit In Transit. DEFINITION of 'Deposit In Transit'. A deposit in transit is money that has been received by a company and sent to the bank, but which has not yet been processed and posted to the account by the bank.