COBIT (Control Objective for Information and Related Technology) is a best practice IT governance framework created by ISACA. COBIT 5 is the latest iteration of the framework.
COBIT was first released in 1996. It was at first a set of control objectives; these were designed to help financial auditors to better manoeuvre IT-related environments. Version 2 of COBIT was released in 1998; this was much broader in scope. The next iteration, Version 3, was released in 2000 and had an expanded scope, including management guidelines.
With the development of the International Standard, ISO/IEC 38500, there was recognition that there was a need for more information and communication technology (ICT) governance components. ISACA thus added these components with the release of Version 4.0 in 2005 and 4.1 in 2007.
In April 2012 COBIT 5 was released.
COBIT 5 Overview
COBIT 5 builds and expands on COBIT 4.1 by integrating other major frameworks, standards and resources, including:
- ISACA’s Val IT® and Risk IT®.
- International Standards (ISO/IEC 20000, ISO/IEC 38500).
COBIT 5 is based on five key principles for the governance and management of enterprise IT. They are:
Principle 1: Meeting Stakeholder Needs.
Principle 2: Covering the Enterprise End-to-End.
Principle 3: Applying a Single, Integrated Framework.
Principle 4: Enabling a Holistic Approach.
Principle 5: Separating Governance from Management.
These five key principles allow the enterprise to build an effective IT governance and management framework. They are underpinned by seven enablers:
1) People, policies and frameworks.
3) Organisational structures.
4) Culture, ethics and behaviour.
6) Services, infrastructure and applications.
7) People, skills and competencies.
Together, these principles and enablers allow an organisation to optimise information and technology investments.
Benefits of COBIT 5
- Maintain and improve quality information to support business decisions.
- Realise business value from IT investments.
- Realise benefits through effective and innovative use of IT.
- Through reliable and efficient application of technology achieve operational excellence.
- Balance IT related risk.
- Align IT expenditure with business objectives.
COBIT 5 Resources
COBIT 5 Manual – the core COBIT 5 framework manual.
COBIT 5 Implementation – details how to implement governance of enterprise IT using COBIT 5.
COBIT 5 Enabling Processes – an in-depth reference to the processes codified in the COBIT 5 process reference model.
COBIT 5 Training
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