The new COBIT 5 framework covers the Governance of Enterpise IT and sets out the guidance to achieve business objectives and help increase business user satisfaction with IT.
The three COBIT 5 publications introduce, define and describe the principles, enabling processes and the implementation steps.
“COBIT 5 brings together the five principles that allow the enterprise to build an effective governance and management framework based on a holistic set of seven enablers that optimises information and technology investment and use for the benefit of stakeholders.”
Principle 1. Meeting Stakeholder Needs – Stakeholder needs are translated into specific Enterprise, IT-Related goals and Enabler goals
Principle 2. Covering the Enterprise End-to-End – Governance and Management of information and related technology is addressed from an enterprise-wide, end-to-end perspective.
Principle 3. Applying a Single Integrated Framework – COBIT 5 defines the overarching governance and management framework that has been designed to integrate seamlessly with other good practice guidance e.g. ISO 38500
Principle 4. Enabling a Holistic Approach – The seven categories of Interconnected Enterprise Enablers are set out below:
Principle 5. Separating Governance from Management
COBIT 5 advocates that organisations implement the key governance and management processes.
Significant attention should be given to the five Evaluate, Direct and Monitor processes.
COBIT 5 provides an end-to-end view of the 37 processes for successful governance and management of Enterprise IT.
A separate publication describes the 7 Implementation Steps in detail.
Derek Oliver, Co-Chair COBIT 5 Task Force at ISACA, discusses the business benefits of using COBIT 5.
Access this link to reserve/download your copy of COBIT 5. You will need to register with ISACA and state your affiliation before you are able to do so.
The COBIT 5 Framework of 3 concise Publications and supporting Toolkit provide fresh thinking and guidance on what is required to successfully Govern Enterprise IT.
This version is an evolution of the previous guidance and sets out how to implement key Enterprise IT Governance and Management processes.
The COBIT 5 Process Capability Model and Training Curriculum will be released shortly.
The launch of the COBIT 5 Framework enables Business Executives to articulate their specific stakeholder needs in a language that is common to Internal and External IT Service Providers.
Failure to understand and apply the new guidance will lead to an imperfect future for the IT organisation.
Business Executives have decision rights on how they source the provision of services. They will gravitate towards the IT organisations who can “talk the COBIT 5 talk” and can demonstrate value delivered.
Previously I have published two posts about COBIT 5
In my November 2011 POST – COBIT 5 is coming – will you be ready? there is a link to the Exposure Draft version of the Process Reference Guide.
and in my February 2012 POST – COBIT 5 is now approaching the finish line – there is a detailed description of the seven implementation steps.