What is the BEST way for IT to achieve compliance with regulatory requirements?

Regulatory requirements are abstract mandates, and IT policies and procedures translate these mandates into actionable, enforceable rules and guidelines for IT operations. By consistently enforcing these policies and procedures, an organization ensures that its IT activities adhere to the specific requirements of relevant regulations, thereby achieving and maintaining compliance.

Creating an IT project portfolio focuses on managing and prioritizing projects, which is distinct from the ongoing operational enforcement needed for compliance.

Reviewing an IT performance dashboard measures performance, but it doesn't directly ensure the operational enforcement of compliance rules.

Reporting on IT audit findings is a post-hoc activity that identifies compliance gaps; it doesn't proactively achieve compliance itself.