Comparison of cobit 4.1 and cobit 5, Other Management

Assignment Help:

Comparison of CobiT 4.1 and CobiT 5

This review of CobiT 4.1and CobiT 5 does not include all possible elements of these two complex frameworks. Still, this review is exhaustive enough to obtain a good impression of CobiT.

To sum up, the following improvements has been made into the CobiT 5 framework: first, the framework and processes have been reformulated in order to convert CobiT into a more comprehensive framework. Moreover, stakeholder needs at different levels are better incorporated. Besides, management best practices are added and will be further developed (CobiT 5 2012). Also, different standards have been incorporated into CobiT 5 making it an integrative governance framework.

It can now be concluded that CobiT 5 could be seen as an IT Management and IT governance framework and not only as an IT governance Framework. The reason for that is that CobiT 5 does cover topics on IT management as well as on IT governance. Moreover, CobiT 5 has been expanded with VAL IT and Risk IT. VAL IT represents the first major step in improving the state of costs/benefits management in ISACA because it recognizes a full lifecycle approach. In the context of IT governance, CobiT 5 introduce new guidelines and processes for a full lifecycle evaluation. These guidelines are, for example, "Maintain the Governance Framework", "Ensure Value Optimisation", "Ensure Risk Optimisation" and "Ensure Stakeholder Transparency"(EDM1-4 in CobiT 5 2012; ISO 38500). The focus of  EDM1-4 is, above all, oriented toward corporate governance at the board of director level. 


Related Discussions:- Comparison of cobit 4.1 and cobit 5

Record maintenance in java, Record Maintenance in Java: PROJECT DETAI...

Record Maintenance in Java: PROJECT DETAILS                 Title                 :           Record Maintenance             Client              :           Mansoft

Verbal communication , Verbal communication  The verbal communication i...

Verbal communication  The verbal communication is split in three sections as under:  Grammar:  Informal speech often uses abbreviations, contractions and colloquialisms

What do you understand by preventative legal management, Question 1: In...

Question 1: In terms of planning and developing a hospitality organisation, analyse the scope and benefits of a feasibility study. Question 2: Internationalisation is

Explain the reinforcement theory of motivation, QUESTION (a) Define the...

QUESTION (a) Define the term 'Motivation' and explain its importance for organizational success (b) Reply ANY TWO of the following items- (i) Explain with the support of

Library networks in usa and uk, Library Networks in USA and UK   The Un...

Library Networks in USA and UK   The United States has definitely taken a lead in library networking. Among the prominent agencies in this regard, are the Library of Congress,

Space allocation utilization and management-library building, Space Allocat...

Space Allocation Utilization and Management of library building in library managenent Library planning constitutes correct estimation  of space required for various activities

Describe the implementation of new technology, Question 1 Write a short no...

Question 1 Write a short note on technology strategy. Describe in brief about the innovation management Question 2 What is the significance of technology diffusion? What are

Library binding - library management, Library Binding: A Historical Sketch ...

Library Binding: A Historical Sketch  Historically the purpose of binding has  been the preservation of the written word. Prior to  the modern book, the earliest library mater

Drawbacks of central processing, Drawbacks   There are certain drawback...

Drawbacks   There are certain drawbacks and disadvantages also in centralization of processing.  1)  Some libraries may not be able to afford the operational costs involved.

Business process Modeling, Assignment: Model every process (in Microsoft Vi...

Assignment: Model every process (in Microsoft Visio 2010-2013) you identify in this dialogue except when explicitly mentioned that you should not. Project Africa Case Patrick Wiz

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd