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COBIT 5

Level:
Intended audience:
Solution Store:

Advanced
Anyone governing or managing enterprise IT
Speak to Sales to discuss COBIT 5 templates

Introduction

COBIT 5 is a business framework for the governance and management of enterprise IT. It provides globally accepted principles, practices, analytical tools and models to engender trust and derive value from information systems.

COBIT 5 helps enterprises of all sizes to:

  • Maintain high-quality information to support business decisions
  • Achieve strategic goals through the effective and innovative use of IT
  • Achieve operational excellence through reliable, efficient application of technology
  • Maintain IT-related risk at an acceptable level
  • Optimize the cost of IT services and technology
  • Support compliance with relevant laws, regulations, contractual agreements and policies

COBIT 5 is used globally by those who have the primary responsibility for or depend on business processes, quality information and technology. Key users include enterprise executives and consultants from audit and assurance, compliance, IT operations, governance security and risk management.

Key Benefits

Here are the key benefits of the RequirementONE COBIT 5 Solution.

Improved Internal Controls

Through being neutral, broadly applicable, vetted by industry, and engaging to stakeholders, the Framework can reduce time and expense by providing an effectiveness measure of the existing internal control program and reduce risk by identifying areas for improvement.

Collaboration

The Framework creates a common language for the discussion of internal control issues that can facilitate internal and external collaboration.

Definitive standard

COBIT 5 is the leading framework for the governance and management of enterprise IT.

Mapping Controls and Policies

Individual controls and policies may apply to numerous frameworks. These can be maintained as an interlinked set of procedures to avoid duplication of effort.

A Single Point of Truth

Each compliance element is stored as a record and can be updated, commented, controlled and audited individually. Data is accessible to all stakeholders with no version control issues.

Dependency Linking

All links and interfaces can be defined and maintained showing dependencies between various policies.

Reporting

Track the progress of compliance projects. In-line analytics highlight gaps in compliance, traceability of changes and status of compliance efforts.

Auditing

Internal and External audit teams benefit from a specialized interface with full visibility to review and evaluate procedures.

Typical Use Cases

Here is a typical, but not exhaustive, list of roles and associated use cases that would interact with this solution.

Role Use Case
End users
  • Consume the latest policies
Compliance team
  • Use the framework as a guide to implement the relevant controls and policies
Internal/external auditor
  • Audit one or more areas
Executive
  • Roadmap to achieve or improve internal controls

Templates

These apps and templates are used for the solution.

App Template
Planning
  •  Implementing COBIT 5
Specification
  • COBIT 5

 

Getting started

Plans

Template Get started
Implementing COBIT 5

Description: A plan designed to get you started with COBIT 5
Download the Implementing COBIT 5 plan from the Solution Store, and assign each task to a member of the team. Follow each step of the plan according to the plan instructions.

 

Specifications

Template Get started
COBIT 5

Description: A specification containing the COBIT 5 principles. Use the principles in this specification to ensure that your organizations Policies, Controls and Procedures are fit for purpose.

Download the COBIT 5 Specification from the Solution Store.

Before you start, edit the Status custom field to reflect the terminology used by your organization.

For each COBIT 5 principle, verify that it is accommodated by your organizations Policies, Controls and Procedures. For each one reviewed, set the Status to an appropriate value

Link relevant Policy, Control and Procedure records to the principle record. Use filters and reporting to identify gaps

 

Additional notes

COBIT 5 is linked to other frameworks, standards and regulations.

Relevant links have been included.

Related links

Questions or Comments?

Respond to this post if you want to comment on the template or ask the author a question.

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