Question

 

Identify, analyse and explain the major IT stages in the COBIT framework.

Subject Accounting Information system

Answer 1

Explaination on major IT stages in the COBIT framework:-

COBIT represents Control Objectives for Information and Related Technology. It is a structure made by the ISACA (Information Systems Audit and Control Association) for IT administration and the board of management. It was intended to be a steady apparatus for directors—and permits connecting the essential gap between technical issues, business risks, and control prerequisites. COBIT is an altogether perceived rule that can be applied to any association in any industry. In general, COBIT guarantees quality, control, and unwavering quality of data frameworks in an association, which is additionally the most significant part of each modern business.

Today, COBIT is utilized all inclusive by all IT business process directors to furnish them with a model to convey an incentive to the association, and practice better risk management practices related with the IT processes. The COBIT control model ensures the respectability of the data framework.

COBIT Framework

1. Planning and organization:-

• Short-range planning for the IT function

• Communication regarding IT plans

• Monitoring and evaluating of IT plans

• Assessment of existing systems

2.Acquisition and implementation:-

• Third-party service requirements

• Technological feasibility study

• Economic feasibility study

• Information architecture

• Risk analysis report

3. Delivery and Support:-

• Deliver required IT services
• Ensure Security and regular services
• Properly provide support services in case of emergency

4. Monitoring:-

• Monitor operations regularly
• Monitor any lack of resources