Question

Prepare the 5 minutes presentation PowerPoint about COBIT framework

Answer 1

COBIT framework

COBIT

Control Objectives for Information and Related Technologies

COBIT (Control Objectives for Information and Related Technologies) is a framework created by ISACA for information technology (IT) management and IT governance.

The framework defines a set of generic processes for the management of IT, with each process defined together with process inputs and outputs, key process-activities, process objectives, performance measures and an elementary maturity model.

COBIT COMPONENTS

Framework: Organizes IT governance objectives and good practices by IT domains and processes and links them to business requirements.

Process descriptions: A reference process model and common language for everyone in an organization. The processes map to responsibility areas of plan, build, run, and monitor.

Control objectives: Provides a complete set of high-level requirements to be considered by management for effective control of each IT process.

Management guidelines: Helps assign responsibility, agree on objectives, measure performance, and illustrate interrelationship with other processes.

Maturity models: Assesses maturity and capability per process and helps to address gaps.

COBIT FRAMEWORK

Business and IT goals are linked and measured to create responsibilities of business and IT teams.

Five processes are identified: Evaluate, Direct and Monitor (EDM); Align, Plan and Organize (APO); Build, Acquire and Implement (BAI); Deliver, Service and Support (DSS); and Monitor, Evaluate and Assess (MEA).

The COBIT framework 27000, CMMI, TOGAF

ties in with COSO, ITIL, BiSL, ISO and PMBOK.

The framework helps companies follow law, be more agile and earn more.

“COBIT stands for Control Objectives for Information and Related Technology”.

It is a business framework that is used for the management and governance of the IT enterprise. Powered from ISACA, Cobit packs the latest methodology in management techniques and enterprise governance. Furthermore, it offers globally accepted practices, principles, models, and analytic tools to increase the reliability of information systems. Its latest version is termed as COBIT 5 which is an upgraded version of Cobit 4.1.

The COBIT business orientation includes linking business goals with its IT infrastructure by providing various maturity models and metrics that measure the achievement while identifying associated business responsibilities of IT processes. The main focus of COBIT 4.1 was illustrated with a process-based model subdivided into four specific domains, including:

Planning & Organization Delivering and Support Acquiring & Implementation Monitoring & Evaluating

COBIT PRINCIPLES

THE PRINCIPLES OF COBIT CAN BE LISTED AS FOLLOWS:

The first principle is meeting the stakeholders’ needs. This principle is about identifying the key stakeholders, their needs and how value is created for enterprises by addressing those needs through the cascading of goals.

The second principle is covering the enterprise end-to-end. This principle is about covering all the functions and processes wherever information is processed in the enterprise.

The third principle is applying a single integrated framework. This principle is about having a single and integrated framework that consists of the various established frameworks and standards required for the governance and management of enterprise IT.

The fourth principle is enabling a holistic approach. This principle is about using a set of enablers for an all-inclusive or holistic approach to support the governance and management of enterprise IT.

The fifth principle is separating governance from management. This principle is about differentiating between the governance and management roles, activities and responsibilities.

BENEFITS OF COBIT

The professionals best suited for COBIT methodologies are those who are already in a position to understand the nuances of IT governance in business management practices. The course will be especially beneficial for:

CIOs / IT Managers / IT Directors Risk Committee
Process Owners

Audit Committee Members COBIT 4.1 and earlier users
IT Professionals in audit, risk, security, governance and assurance sectors

While the modern world is gearing towards an environment of several emerging technologies, including Consumerisation, Cloud Computing, Social Media, Big Data and Mobility, information and IT is easily the new currency. Technology ensues massive volumes of information chunks to be easily supported and managed. This raises the success rate of businesses, but at the same time raises other challenging and complex management and governance concerns for the security professionals, enterprise leaders, and governance specialists. New businesses demand that risk scenarios are better met with the power of information. COBIT 5.0 is the exact solution the modern businesses are asking for.

SIGNIFICANCE OF COBIT IN BUSINESS INDUSTRY AND IT INFRASTRUCTURE

COBIT is undeniably a great tool for the management and governance of your enterprise IT. The leading framework is getting used by numerous organizations across the globe, whose primary responsibilities are related to business processes and similar technologies. In simple words, all the businesses and organizations, which are dependent on technology for relevant and reliable technologies, are using this framework. Moreover, COBIT is getting used by both private and government sector organizations, as it helps in enhancing the stability and sensibility of IT processes.

IMPORTANCE OF COBIT CERTIFICATION
COBIT certification can boost up your career if you are heading up in your organization. COBIT certification prepares professionals and individuals for global challenges of the IT business processes. Moreover, it also delivers a substantial amount of expertise on the following points mentioned below:

IT management issues and how they can affect the working of an organization.

Principles of enterprise IT and IT governance, while establishing the connection between governance and management.

Accessing the ways of achieving COBIT’s 5 basic principles as well as their enablers.

Discussing COBIT 5.0 concerning its process reference model and goal cascade.

CONCLUSION
While the modern world is gearing towards an environment of several emerging technologies, including consumerization, cloud computing, social media, big data, and mobility, information and IT is easily the new
currency. This raises the success rate of many organizations, but at the same time raises other challenging and complex management and governance concerns for security professionals, enterprise leaders, and governance specialists. New businesses demand that risk scenarios are better met with the power of information. COBIT 5.0 is the exact solution the modern businesses are asking for.