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What is COBIT 5?
A short video giving an explanation of the COBIT Business Framework.
What is COBIT 5?
Information is an increasingly important resource that organizations compete with by creating better products and services ahead of their rivals. So ensuring that organizations manage information correctly is a business imperative.
COBIT 5 is a globally recognized and comprehensive business focused framework that helps organizations make the best use of their information and technology by providing a governance and management framework for enterprise IT.
Simply put, it does this by helping organizations create optimal value from their IT by maintaining a balance between realizing benefits, and optimizing risk and resource usage. The COBIT 5 framework consists of a process reference model, a series of governance and management practices, and a set of enabler tools to support the governance of an organization.
In summary this is about providing guidance for making decisions concerning the use of information and technology to support organizational objectives and also to sustain them.
COBIT 5 enables IT to be governed and managed across the entire organization by considering the IT related interests of internal and external stakeholders such as business users and management as well as outsource service providers and regulators.
COBIT 5 was created to help organizations achieve:
- Value creation through effective and innovative use of enterprise IT
- Business user satisfaction with IT engagement and services
- Compliance with relevant legislation, regulations, contractual agreements, policies and standards
- Closer alignment of business needs and IT objectives
COBIT 5 is based on 5 principles that enable the organization to build an effective governance and management framework that optimises information and technology investment and usage of IT for organizations of all sizes across the commercial, not for profit and public sectors.
COBIT® 5 is a registered trademark of ISACA in the United States and other countries. ISACA neither supports nor endorses these videos.