The document summarizes a conference on operational governance and IT frameworks that took place on March 8-9, 2011 in Australia. It discusses the story of the failed maiden voyage of the Swedish warship Vasa to illustrate the importance of governance and frameworks. It then provides overviews of the ITIL (IT infrastructure library) framework, Microsoft Operations Framework (MOF) and agile Scrum project management methodology. Key questions about governance of a SharePoint deployment are also addressed.