COBIT 5: Avoiding Common Implementation Missteps

Source: Mash Risk Television

ValueBridge Advisors
Brian Barnier, Principal
Runtime: 15:04

Key Takeaways:

1. COBIT 5 helps enterprises create value from IT by maintaining a balance between realizing benefits and optimizing risk levels and resource use. The framework addresses both business and IT across an enterprise and considers the IT-related interests of internal and external stakeholders.
2. New refinements:
   • Improved distinction between governance and management
   • Emphasis on enablers of success
   • Integration of several ISACA documents into COBIT 5
3. To avoid common implementation missteps:
   • View COBIT from a governance and management perspective
   • Focus on the business and IT value elements of the COBIT framework
   • Tailor COBIT as necessary and be flexible in implementing it
   • Ensure COBIT activities are linked back to the business
   • Keep the business objectives of COBIT in focus
4. IT leaders can proactively guide good implementation:
   • Drive value by prioritizing investments, implementing programs and projects, and daily operations
   • Stress the balance of risk and return
   • Begin with the business
5. Use the COBIT Maturity Model to spot gaps and prioritize improvements.
6. For more COBIT information and resources, click here.