Tag Archives: IT Governance

COBIT 5 is the Lingua Franca for Business Executives and Technology Leadership

Introducing COBIT 5

COBIT 5 is designed to serve both the needs of Business Executives and IT Professionals

IT is getting more complex every day but IT Governance doesn’t have to.

5 Essential Facts= LINK

Fact Number 2

“COBIT 5 is the only business framework for the governance and management of enterprise IT.

COBIT’s globally accepted principles, practices, analytical tools and models are designed for business executives – not just IT leaders. What’s more, COBIT 5 can be used in any industry and by organizations of all sizes”.

COBIT 5 – Govern and Manage Enterprise IT

ISACA International President Ken Vander Wal discusses the 5 Principles of COBIT 5 and how the framework helps Govern and Manage Enterprise IT.

COBIT 5 – Observations

Specialists are very good at what they do,” he said. “Service management professionals manage and, for most, their preferred guidance is ITIL. Security professionals protect, and, for many of them, the preferred guidance is the ISO/IEC 27000 series.

By using a COBIT-inspired model, all groups were able to see how their work fit under an overall umbrella and how their work related to each other’s work.”

Bob Frelinger, manager of the Process Management program for Oracle’s Global IT group

Here is a smart tweet from Greg and an interesting comment from Mr TIPU.

“The difference between COBIT and ITIL is that a COBIT practitioner knows the difference”.

Gregory Tucker ‏@ITSMinfo on Thursday !0th May

“Was asked if I could do an #ITIL assessment. No, I’d use ##COBIT. Surprised look: he hadn’t thought of that.”

Rob England ‏@theitskeptic on Wednesday 16th May

What’s in COBIT 5 for Auditors? – LINK

Shifts from a Technology to a Business Conversation

COBIT 5: Avoiding Common Implementation Missteps

Brian Barnier (Video Clip)LINK

So we are one month on since the launch of  COBIT 5 and there have been more than 66,000 publication downloads.

Practitioners have  warmed to the new Evaluate, Direct and Monitor processes for the Governance of Enterprise IT.

ISACA is turning it’s attention to COBIT 5 Training,

For more information or a list of dates and locations please contact COBITtraining@isaca.org.

For too long there has been a disconnect between Business and Technology goals.

COBIT 5  is a common language to strengthen the interlock between Business Executives and Technology leadership.

When there’s a downpour in IT you need the COBIT 5 umbrella framework.

“If management is about running the business, governance is about seeing that it is run properly.” – R Tricker

 

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Common Objectives for the Business and IT

COBIT 5 was officially launched on Tuesday the 10th of April.

The evolution from COBIT 4.1 shifts focus away from “Control Objectives for Information and Related Technology” to Governance and Management of Enterprise IT.

My take on the evolution of the COBIT 5 framework is that we now have a way of defining and agreeing “Common Objectives for Business and IT“.

The following number of downloads of the COBIT 5 Framework have been processed in just 4 days.

I wonder how many of these downloads have been made by individuals in the Business, Consultants and Trainers rather than IT folk.

Here is the LINK to the COBIT 5 Product Family.

The fresh guidance provided in COBIT 5  will make it possible to align Enterprise (Business) and IT related goals by defining and agreeing common objectives.

Common objectives are required to close the communication / expectation gap between IT and the Business.  In this video the CEO is talking with the CIO.

How are you helping the Business drive revenue?

Is IT focussing on driving our strategic initiatives?

How are you enabling innovation within the Business?

How is IT aligning to the Business and adding value?

Looks like they both could use some help

So how should you address the gap in perception and reality?

A good place to start is to read the new Evaluate, Direct and Monitor processes for the Governance of Enterprise IT, specifically:

  • EDM02 Ensure Benefits Delivery and
  • EDM05 Ensure Stakeholder Transparency

these processes will help the Business and IT to develop a shared understanding of stakeholder needs and value realisation.

The spring issue of ServiceTalk dropped on my mat this week and contained an article by Robert E Stroud entitled COBIT 5 : Delivering Value Through Governance and Management.  The 2 page article, tucked away at the back of the magazine, provides an overview of the COBIT 5 Framework, Enabler Guides and Professional Guides.

You have to a member of itSMF in order to view the article online. LINK

Stroud states that “Value can only be realised when COBIT is adopted and adapted to fit a particular environment.  The implementationmust ddress the specific business challenges, including mnaging changes to culture and behaviour”.

WHY ARE COMMON OBJECTIVES FOR THE BUSINESS AND IT SO IMPORTANT?

There is an expectation gap between the Business and IT because Enterprise and IT related goals are not aligned.

The purpose of Internal or External IT Service Providers is to serve the Business.  A successful relationship can only work if there is a set of shared goals and common objectives. COBIT 5 practical guidance is a great place to start in order to address communication gaps and have the right conversations.

The COBIT 5 framework enables the Business and IT to talk about the same things in the same way.  Tighter integration is required between the Business and IT in order to drive solutions and lay the foundations for a Transformation journey. (from 37 seconds in)  

We are operating in  a Multi Sourcing environment and COBIT 5 will jump start the ability of Service Integrators to implement the right governance processes.

Failure to act and demonstrate value to Business Executives will open the door for the Consulting firms / Independent Consultants who sit at the intersect between the Business and IT.

Making excuses that the IT organisation is too busy to carve out time to understand, plan and implement the COBIT 5 guidance is not acceptable.

Get involved or you will be bypassed and become irrelevant.  

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COBIT 5 launched and ready for download

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.

For the two thirds of my readers who are in the US.  COBIT 5 is here – HOOYAH

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