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

Microform reading equipment -library equipment, Microform Reading Equipment...

Microform Reading Equipment -LIBRARY EQUIPMENT-LIBRARY MANAGEMENT Some aspects of  microform reading room and storing equipment are already discussed above. You are going t

Fixed interest bearing instrument, QUESTION When an investment is made ...

QUESTION When an investment is made in a fixed interest-bearing instrument, the risk is that the secondary market rate at which these instruments trade will increase, with a re

Steps in production process , Steps in production process  A project wh...

Steps in production process  A project whether it is the development of Fast Moving Consumer Goods (FMCG) product, a Parma product or any other product, generally follows the s

User needs and use and user studies, User Needs and Use and User Studies: ...

User Needs and Use and User Studies: Libraries, information centres and databanks are now known as information facilities which exist for the benefit of users. The management

Cd-rom networks, CD-ROM Networks CD-ROM has become an important medium...

CD-ROM Networks CD-ROM has become an important medium for the storage and dissemination of information. Many information products are now available on CD-ROM. CD-ROMs represen

Facilitating centres/services, Facilitating Centres/Services  Traditio...

Facilitating Centres/Services  Traditionally, only libraries functioned as facilitators, but over a period of time, several other specialized facilitating services have come i

Outline four major benefits of erp implementation, QUESTION a) Outline ...

QUESTION a) Outline four major benefits of ERP implementation. b) 'An ERP integrates the organization as one functional unit'. Briefly explain the meaning of this statement.

What is the role of communication in culture, QUESTION 1 Explain the me...

QUESTION 1 Explain the meaning of organizational and cultural diversity Why is it important for us to be sensitive to and aware of cultural diversity within your workplace?

Observation technique - methods of data collection, Observation Technique: ...

Observation Technique: What  does  observation  technique  mean:  Observation  Is one of the basic and  oldest  research methods  to  gather data. Observation stops being  a n

Rules of thumb for a competitive negotiation, Rules of thumb for a competit...

Rules of thumb for a competitive negotiation:    Stick to your planned target and walk away points.    You are likely to get a better overall deal if you make a larger nu

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