Maturity model in cobit 5, Other Management

Assignment Help:

Maturity model in CobiT 5:

CobiT 5 maturity model is based on the ISO/IEC 15504. This new model presents some differences (CobiT 5 2012). However, an important similarity between CobiT 4.1 and CobiT 5 Maturity model is that both models are inspired in models which were first created for the assessment of software development maturity levels. In the following figure, an overview of both maturity models is presented.

625_maturity model in Cobit5.png

Figure 1: Maturity Models in CobiT 4.1 en CobiT 5 (CobiT 5 2012)

Val IT in CobiT 5

Different approaches have been proposed for the management of IT benefits (e.g.: Active Benefits Realization by Remenyi & Sherwood-Smith (1997), The Benefits Management Approach by Ward and Daniel (2006) and Val IT (2008). ISACA underlines the importance of benefits management and management best practices by integrating Val IT into CobiT 5. The integration of Val IT in CobiT 5 represents a step to recognize the importance of costs/benefits management.

Val IT posits good practices enabling organizations to measure, monitor and optimise value, both financial and non-financial. Val IT contains 22 processes which are part of three domains: Value Governance (VG), Portfolio Management (PM) and Investment Management (IM). These three domains have been completely incorporated in CobiT 5 (CobiT 5 2012). 

Value Governance aims to ensure that management practices are connected with the organization in order to assure optimal value from IT-enabled investment. Value Governance is; for instance, incorporated in EDMI 1 and EDMI 2 (CobiT 5 2012).

Portfolio Management aims to ensure the alignment of IT-enabled investments in the portfolio and the strategic objectives of the organization. For instance, topics on PM are associated with the CobiT 5 process  AP005 Manage Portfolio (CobiT 5 2012).

Investment Management aims to ensure that IT-enabled investments contribute to optimal value. For instance topics on IM are associated with processes in CobiT 5 such as: AP005 Manage Portfolio and BAI 1 Manage Programmes and Projects (CobiT 5 2012).

These three domains in CobiT 5 are differently represented and they involve different stakeholders, metrics, goals and processes (see appendix 3). Across all the processes in CobiT 5 the model based on ISO/IEC 15504 can be applied to assess maturity (CobiT, 2012). Curiously, CobiT 5 does not include the results chains method used by Thorp (1998) and in VAL IT (2008) which is useful to create transparency in the investment programmes.

The figures 2 and 3 give an overview on the integration of Val IT into CobiT 5.

1530_maturity model in Cobit5-a.png

Figure 2: CobiT 4.1.1, Val IT and Risk IT covered in CobiT 5 (CobiT 5 2012)

256_maturity model in Cobit5-b.png

Figure 3: Val IT Practices covered in CobiT 5 (See more in Appendix 3)


Related Discussions:- Maturity model in cobit 5

Different functions of a manager in charge of a supermarket, QUESTION ...

QUESTION CASE STUDY Tesco began in 1919 with one man, Jack Cohen, a market stallholder selling groceries in London. TESCO was formed out of a merger with T.E. Stockwell f

Library catalogue and the five laws of library science , LIBRARY CATALOGUE ...

LIBRARY CATALOGUE AND THE FIVE LAWS OF LIBRARY SCIENCE The Five Laws. of Library Science are a set of basic guiding principles for designing and operating a library or a libr

Explain the concept of synergy, QUESTION 1 (a) Explain the concept of s...

QUESTION 1 (a) Explain the concept of synergy (b) Using examples, discuss the main areas/sources of potential synergy when two companies merge (c) What are the problems i

Referral centres, Referral Centres: A referral centre is some sort of ...

Referral Centres: A referral centre is some sort of "information desk" for the scientific and technical community which does not provide enquirers directly with the informatio

What is competitive strategy, QUESTION 1 One of the key questions in de...

QUESTION 1 One of the key questions in determining the company situation analysis is to find out the firm's resource strengths and weaknesses and its external opportunities and

Performing quality assurance, P e rforming Quality Assurance Quality ...

P e rforming Quality Assurance Quality assurance is the process of providing confidence that the project will satisfy  the  identified  quality  standards.  It  is  performed

User interface - value-added information services, The User Interface  ...

The User Interface  User interfaces are mechanisms built into information systems and services to enable the users to utilise these services in an effective manner. The interf

Quantitative techniques, describe the quantitative techniques in public sys...

describe the quantitative techniques in public system management

Administration of interview schedule, Administration of Interview Schedule:...

Administration of Interview Schedule: Rules for  Interviewing  Fix-up the Appointment:  Interviewer should  fix up  the data and time  of interview with  the  subjecthn

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