COBIT Overview

5/21/2018 COBIT Overview

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TransformingEnterprise IT

Speaker Name/Title

Date


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2009 ISACA All Rights reserved. 2

IT Requires Executive Oversight

An apparel manufacturing companys difficulties in installingsupply chain software cost it an estimated US $200 million

A publicly traded company admitted that a virtual collapse of itsfinancial reporting system reduced its market value by one-thirdin a single day

An operational meltdown after the merger of two transportationcompanies was traced to the inability to coordinate their ITsystems

With good reason:


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Oversight Can Lead to Value Creation

A major airlines supply chain transformation improved theforecast of demand, reduced procurement costs and increasedservice levels while costs fell

A technology products and services company saved US $12billion over two years by linking up disparate pieces of its supplychain, thereby reducing inventory levels

IT can provide significant benefits, too:


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IT Governance Is the Key Issue

Enterprises are sacrificingmoney, productivity andcompetitive advantage bynotimplementing effective ITgovernance

Executives need a betterway to:

Direct IT for optimaladvantage

Measure the value provided

by IT

Manage IT-related risks


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COBIT

is a Road Map to Good IT Governance

Accepted globally as a set of tools that ensures IT is workingeffectively

Functions as an overarching framework

Provides common language to communicate goals, objectives

and expected results to all stakeholders Based on, and integrates, industry standards and good

practices in:

Strategic alignment of IT with business goals

Value delivery of services and new projects

Risk management

Resource management

Performance measurement


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Developed by the Leader in IT Governance

Professional association with 86,000 constituents.Worldwide leader in IT governance, control, security

and assurance.Offers the CISA, CISM and CGEIT certifications.

Control Objectives for Information and related Technology


7/172009 ISACA All Rights reserved. 7

COBIT Business Benefits

COBIT provides guidance for executive

management to govern IT within theenterprise

More effective tools for IT to support business goals

More transparent and predictable full life-cycle IT costs

More timely and reliable information from IT

Higher quality IT services and more successful projects

More effective management of IT-related risks



Harmonising the Elements of IT Governance

ITGovernance

ResourceManagement



A Closer Look at



COBITAnswers Key Business Questions

Is my information technologyorganisation doing the right things?

Are we doing them the right way?

Are we getting them done well?

Are wegetting the benefits? *

* Based on the Four Ares as described by John Thorp in his book The Information Paradox,written jointly with Fujitsu, first published in 1998 and revised in 2003



The COBIT Framework



COBIT

Defines Processes, Goals and Metrics

RelationshipAmongstProcess,Goals and

Metrics(DS5)



Defined Responsibilities for Each Process

Link business goals to IT goals. C IA/R

I C

Identify critical dependencies and currentperformance. C C R

A/R C C C C C C

Build an IT strategic plan. A C C R I C C C C I C

Build IT tactical plans. C I A C C C C C R I

Analyse programme portfolios and manageproject and service portfolios.

C I I A R R C R C C I

RACI Chart

ActivitiesFunctionsA RACI chart identifies who is Responsible,Accountable, Consulted and/or Informed.



COBITProducts and Their Primary Audience

COBIT, Risk IT andVal IT frameworks

Implementing andContinually Improving

IT GovernanceCOBIT User Guide for

Service Managers

COBIT andApplication Controls


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COBIT is often used at the highest level of IT governance

It harmonises practices and standards such asITIL, ISO 27001 and 27002, and PMBOK Improves their alignment

to business needs

Covers full spectrum of

IT-related activities

COBIT Harmonises Other Standards

27001/2


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Used by Organisations Worldwide

(for complete case studies visitwww.isaca.org/cobitcasestudies)

We continue to recommend that enterprises use [COBIT]to challenge their established IT governance procedures

and to improve the controls they have in place.Gartner

also used by Allstate, Harley-Davidson,the Bahrain Civil Service Bureau and many others


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Getting StartedVisit www.isaca.org/cobitto download the COBITframework
http://www.isaca.org/cobithttp://www.isaca.org/cobit

COBIT Overview

Documents

Transcript of COBIT Overview