Question

Identify which IT governance processes should be initiated to prevent re-occurrence of a project failure using COBIT framework?

Answer 1

Ans: COBIT( CONTROL OBJECTIVES FOR INFORMATION AND RELATED TECHNOLOGIES) it was 1st released in 1996. It was created by ISACA( information systems audit and control association) For IT governance and management. It was basically designed to support managers in order to bridge the gap between technical issues, business risks, and control requirements. Companies like HP, INFOSYS use the COBIT framework process for the business solution. The reserve bank of India has been using COBIT for providing guidelines on IT controls to financial institutions in India.It ensures the quality, control, and reliability of information systems in the organization.

IT governance: It is the process that ensures the effective and efficient use of IT in enabling an organization to achieve its goals. It is the responsibility of executives and the board of directors and consists of the leadership, organizational structures and processes that ensure the enterprise's IT sustains and extends the organization's strategy.

COBIT framework is an IT governance and management framework with an aim to help businesses develop, prevent project failure and implement strategies on information management and governance.

HOW COBIT FRAMEWORK PREVENT REOCCURENCE OF PROJECT FAILURE :

• Aligning IT strategy with the business strategy in an organization
• cascading strategy and goals down into the enterprise
• providing organizational structures that facilitate the implementation of strategy and goals
• insisting that an IT control framework be adopted and implemented in order to bridge the gap of standard performance
• Measuring IT's performance. is vital in the process as it timely suggests the corrective measures.
• adopt the proactive approach
• Plan a project's strategy and project implementation as planning is the key element.
• manage the project goals by aligning IT strategy as it ensures monitor projects.
• avoid unrealistic expectations
• track projects progress at every step
• identify risk factors by IT methodology that increase governance
• propose the solutions
• use the correct methodology to curb project failure issues.