Anyone governing or managing enterprise IT
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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.
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.
The Framework creates a common language for the discussion of internal control issues that can facilitate internal and external collaboration.
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.
All links and interfaces can be defined and maintained showing dependencies between various policies.
Track the progress of compliance projects. In-line analytics highlight gaps in compliance, traceability of changes and status of compliance efforts.
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.
These apps and templates are used for the solution.
|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.
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
COBIT 5 is linked to other frameworks, standards and regulations.
Relevant links have been included.
- Wikipedia definition of Regulatory Compliance
- Compliance Solution Website
- Operationalize Compliance with RequirementONE
- COSO Templates in the Solution Store
Questions or Comments?
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