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

Compensation management, In 2001, a Chennai- based two- wheeler major intro...

In 2001, a Chennai- based two- wheeler major introduced a bonus scheme for its employees. Employees covered under this bonus scheme are evaluated through a three-tier process- (1)

Direct ordering with publishers and standing vendor method, Direct Ordering...

Direct Ordering with Publishers: Due to the inefficiency of local booksellers,  many a library has resorted to the practice of directly ordering with publishers or their local

Elaborate bio renewable resources, Question 1 The resources that can be...

Question 1 The resources that can be continuously replenished with the help of natural processes are referred to as renewable resources. Discuss renewable resources Ques

Internet, What is Internet? There are many ways to answer this questi...

What is Internet? There are many ways to answer this question and how you choose to answer is really a matter of how you use it. To some people, it is a source of entertainme

Describe the various exchange rate systems, Problem: 1. Describe the va...

Problem: 1. Describe the various exchange rate systems. 2. Illustrate the BPO approach and its criticism in detail. 3. Describe the International Techniques of Managing Foreig

Building the team, QUESTION Leadership is essential for the success of ...

QUESTION Leadership is essential for the success of any organization (i) Briefly explain the need for leadership for a manager to be successful (ii) Briefly describe the

Quantitative methods, statistics are not mainly the records of the past but...

statistics are not mainly the records of the past but they are useful in the planing of the future. Discuss the statement and explain the role of statistics in economic planning.

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

Reference work - library management, REFERENCE WORK: The purpose of re...

REFERENCE WORK: The purpose of reference work is to allow information to flow efficiently from information sources to those who are looking for it. In the day to day activitie

Attaching covers and endpapers - binding processes, Attaching Covers: ...

Attaching Covers: Regardless of the sewing method used, the sewn book must be "knocked up"  to be square at head and spine. By hammering along the back edges, the expansion re

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