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

Impact of electronic media, Problem 1: Explain and comment on the diffe...

Problem 1: Explain and comment on the different stages of development that have produced our present day mass media. Problem 2: The impact of electronic media is strong

Identify and explain the eight quality management principles, QUESTION 1 ...

QUESTION 1 By referring to internal factors of enterprise productivity, discuss how you would improve the productivity of the organization where you are working in? QUESTIO

Community, C ommunity The community element requires attention, organi...

C ommunity The community element requires attention, organisation and also nurturing. The members of the community might choose to join together to help each other and share t

Standardization of methods, 1.  Straight Flow Line: The shortest  distanc...

1.  Straight Flow Line: The shortest  distance between two given  points  is the straight line.  This  line  provides a guideline for the path  to follow. 2.   Standardizatio

What does the term organisational culture mean, Question 1: (a) Discuss...

Question 1: (a) Discuss, with the use of examples, the situations when, and the reasons why, people accept change. (b) How can employees' attitude toward change be classifie

Performing quality control, P e rforming Quality Control Quality cont...

P e rforming Quality Control Quality control uses techniques and performs activities to compare actual quality performance with requirements and define appropriate actions if

Arrangement of entries - library management, Arrangement of Entries   T...

Arrangement of Entries   The actual process of filing starts when sufficient number of cards accumulate.  Preliminary arrangement  In the preliminary arrangement we sor

User groups and their specific needs- information behaviour, User Groups an...

User Groups and Their Specific Needs- Information behaviour: A User Groups and Their Specific Needs You will see in details, in Unit 5, Section 3.1, the different user groups

Human resource development-need and purpose, Need and Purpose The per...

Need and Purpose The personnel of an organisation play the most vital role by converting all the other  resources into tangible products and services.. Therefore attention to

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