COBIT

The philosophy behind COBIT is to ensure than an organization’s information and technology infrastructure works in unison with the business objectives of the organization thereby enhancing stakeholder value and creating an IT governance framework that is flexible and scalable to meet the needs of the organization.

COBIT, which stands for Control Objectives for Information and Related Technologies, establishes itself as the generally accepted framework for IT governance. IT governance is the responsibility of executives and the board of directors, and consists of the leadership, organizational structures and processes that ensure that the enterprise’s IT sustains and extends the organization’s strategies and objectives.

Simply put, COBIT uses the concept of risks and controls to ensure than an organization’s information and technology strategy is geared to propel an organization’s business goals. Risks are the issues faced by an organization and controls are the activities / processes the management agrees upon to mitigate the risks. The controls are grouped into objectives and comprise the COBIT IT Governance Framework. COBIT contains maturity models for each objective to assist the evaluation of current management practices. Analysis using COBIT maturity models enables organizations to assess current maturity levels and coordinate plans to implement new controls or strengthen existing controls.

The objectives are further organized into five overarching domains. In COBIT 2019, these domains are Evaluate, Direct and Monitor, Align, Plan and Organize, Build, Acquire and Implement, Deliver, Service and Support, and Monitor, Evaluate and Assess. These domains are interrelated and support one another to form a framework to communicate and coordinate all activities related to an organization’s information and technology.

At GRM technologies, our experts will look at several factors that will influence the design of your enterprise governance framework. The governance framework will be built in a phased approach with the design factors being weighed at every phase of the workflow. The first phase of the workflow is to understand the enterprise context and strategy based on design factors such as enterprise strategy, enterprise goals, risk profile, and current issues. In the second phase, we will determine the scope of the governance system following which, in the third phase, we will refine the scope of the governance system by considering factors such as the threat landscape, compliance requirements, the sourcing model, IT adoption strategy, and enterprise size. In the fourth and final phase, we will conclude the governance system design by resolving any inherent priority conflicts.

Whether you are a large manufacturing enterprise looking to optimize operational costs, a medium-sized organization seeking to innovate in short time iterations, or a government agency seeking to strengthen its IT policies and security controls, at GRM we will work by your side to establish an end-to-end governance system for your organization’s information and technology infrastructure that is integrated with your organization’s objectives and adapts to changes both within your organization and outside.

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