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

Briefly describe two safety precautions fishermen operating, Question : ...

Question : (i) Give two reasons why fish could be aggregating around a floating object. (ii) What are the differences between (a) an anchored fish aggregating device; (b)

Explain non-interest income and non-interest expenses, Question 1 ...

Question 1 Intermediation is the process of linking savers of money with those who are in need of money. Explain the intermediation process of banks. 2 Business lo

Three card system, The Three Card System: The Three Card System is a m...

The Three Card System: The Three Card System is a method introduced by Ranganathan. In this system three different cards of the size 5" X 3" are maintained for each periodical

New rector of visionary secondary school, Question: You have just been ...

Question: You have just been appointed as the new rector of Visionary Secondary School with 30 teachers and 400 students. This is your 1 st job as rector and you want to succe

Pestel analysis of the macro-environment, QUESTION 1 Explain each of th...

QUESTION 1 Explain each of the following concepts- (a) PESTEL analysis of the macro-environment (b) Porter's five forces (c) Value chain analysis QUESTION 2 Th

Negotiations , Negotiations  One of the most important activities perfo...

Negotiations  One of the most important activities performed by the supply managers is to negotiate agreements or contracts with the suppliers. Although supply management is de

Efficient market hypothesis, QUESTION (a) (i) Discuss the empirical evi...

QUESTION (a) (i) Discuss the empirical evidence in relation to weak form market efficiency (ii) Explain fully how you would conduct a test of semi-strong form of the Efficie

Negotiation skills , Negotiation Skills  Negotiation is an interactive ...

Negotiation Skills  Negotiation is an interactive process between two or more parties seeking to find common ground on an issue or issues of mutual interest. Negotiation is als

Explain what you understand by strategic analysis, QUESTION 1 a) Explai...

QUESTION 1 a) Explain what you understand by strategic analysis b) What tools are available for environmental scanning? Select one and discuss its main components, supportin

Construction procedure , Construction Procedure: Parts of a Questbnnai...

Construction Procedure: Parts of a Questbnnaire or Interview Schedule A  questionnaire or  an  interview  schedule contain the following parts:  a)  Introduction and Instr

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