What is COBIT Framework?
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
All of this is further understood under 34 processes as per the specific line of responsibilities. COBIT has a high position in business frameworks and has been recognized under various international standards, including ITIL, CMMI, COSO, PRINCE2, TOGAF, PMBOK, TOGAF, and ISO 27000. COBIT acts as a guideline integrator—merging all solutions under one umbrella.
The latest COBIT version 5 came out in April 2012 and consolidated the principles of COBIT 4.1, Risk IT Frameworks, and Val IT 2.0. This version draws reference form IT Assurance Framework (ITAF) from ISACA and the revered BMIS (Business Model for Information Security).
The Various Cobit Components:
IT helps in organizing the objectives of IT governance and bringing in the best practices in IT processes and domains while linking business requirements.
It is a reference model and also acts as a common language for every individual in the organization. The process descriptions include planning, building, running, and monitoring of all IT processes.
This provides a complete list of requirements that have been considered by the management for effective IT business control.
Accesses the maturity and the capability of every process while addressing the gaps.
Helps in better-assigning responsibilities, measuring performances, agreeing on common objectives, and illustrating better interrelationships with every other process.
COBIT is being used by all organizations whose primary responsibilities happen to be business processes and related technologies—all organizations and businesses that depend on technology for reliable and relevant information. COBIT is used by both government and private sector organizations because it helps in increasing the sensibility of IT processes.
The Advantages of COBIT 5.0 Certification
A COBIT 5.0 Certification not only prepares professionals for the global challenges to the business IT process but also delivers a substantial amount of expertise information on:
- IT management issues and how they can affect organizations
- Principles of IT governance and enterprise IT while establishing the differences between management and governance
- Accessing the ways in which COBIT 5.0 processes can help the establishment of the five basic principles along with other enablers
- Discussing COBIT 5.0 with respect to its process reference model and goal cascade
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 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.