+44 203 609 8690
info@lct.co.uk

+44 203 609 8690
info@lct.co.uk

LCT Blog

The Home of Professional Development

13-10-2016

What is COBIT?



COBIT was first developed in 1996 by the Information Systems Audit and Control Association (ISACA), with the latest version – COBIT 5 – released in 2012.

The aim of this framework is to support organisations in the setting of their control objectives for IT, helping them to deliver value in this area of their operations, ensure the systems can be relied upon, and manage the associated risks.

Initially, COBIT was an acronym for Control Objectives for Information and Related Technology, however, this has since been shortened to Control Objectives for IT. This covers the process of defining the governing of generic IT processes, which includes performance measures, the setting of objectives, and the definition of inputs and outputs.

However, COBIT doesn’t just cover the tech side of a company, even though it is IT process-orientated. It can also be applied to core business processes like procurement, marketing and operations, and support processes like HR and administration.

This is because IT now forms a key part of so many elements of an organisation, so the success of the framework can have a knock-on effect across the entire firm.

Just like COSO, COBIT is made up of five components that leaders need to monitor to ensure maximum impact and minimum risk exposure. These are:

Management guidelines in particular offer the heads of department a range of tools to enable them to carry out self-assessment and decide upon how they will implement control measures and improve IT. In addition to this, they can measure how IT processes are performing and the progress being made towards goal achievement.

If you want to learn more about COBIT and how it can help your firm, then check out our training programme today, with the issue being covered across some of our advanced management courses.

Browse our training courses

Topics

COMMENTS

You might also like...



Learning Tips
15-10-2016

The 5 Cs of Communication

One of the keys to success in any business is effective...



14-10-2016

Why set SMART goals?

It's important for every organisation to have goals...



14-10-2016

The role of Corporate Training in Modern Business

Whenever an area of a business needs investing in,...



14-10-2016

What is Business Intelligence?

A phrase that was first defined in 1958, business intelligence...



14-10-2016

What training methods do we use?

There is a saying in the UK that you can take a horse...



14-10-2016

What is a PERT chart?

The PERT chart was first introduced in the 1950s by...


Quick Enquiry  

Please enter your first name
Please enter your last name
Please enter your company name
Please select your country
Please enter your email address
Please select how you heard about us
Please confirm you are human by clicking the checkbox above
Subscribe by RSS Feed
Download our 2016 Training Programme
Browse our training courses Quick Enquiry