Cloud computing is undoubtedly one of the most widely discussed innovations of the last decade. The governance and enterprise architecture to obtain repeatable, scalable and secure business outcomes from cloud computing is still greatly undefined. In this paper we present a Cloud Computing Tipping Point (C2TP) framework that not only considers financial motivations, but also business initiatives, IT governance structures, IT operational control structures and technical architecture requirements to evaluate the benefits regarding cloud investment. This model can be leveraged by an ICT organization to evaluate the “tipping point” where the organization can make an informative decision to embrace cloud computing at the expense of on-premise hosting options. The model is a service centric framework created by mapping cloud computing attributes with industry best practices such as ValIT, Control Objectives for Information and related Technology (COBIT) and Information Technology Infrastructure Library (ITIL). This paper discusses the development of the C2TP model in detail with its findings.