Strengths of COBIT

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Time
3 hours 43 minutes
Difficulty
Intermediate
CEU/CPE
4
Video Transcription
00:00
Let's start off with the strength of co bit
00:04
in this video. We're going to talk about the strength of the co bit framework and what the Corbett framework is not.
00:12
When deciding whether or not you want to use co bit as your I T governance framework, it's important to go over the strength of co bit.
00:20
Keep in mind, there are a lot as this is a globally accepted and widely adopted framework.
00:26
One of the main strengths of cope it is that it is effective.
00:30
This effectiveness can be translated into many different benefits for an organization.
00:36
When adopting CO. Bit within an organization, it creates business value.
00:41
Sometimes the I T department and I T assets aren't always Sina's bringing in a lot of business value, even though it is often the backbone, a backbone upon which business is conducted.
00:53
But when something goes wrong or you need to update your infrastructure or even adopting new technologies, it could be seen as a money grabber to senior leaders
01:02
to avoid risks, harbor failures or an overall lack of funding. It's important to demonstrate that I t assets bring in business value.
01:11
Hope it helps with that
01:12
based on the aforementioned you want to demonstrate visibility for your I T. Resource is assets and I t department.
01:21
You want to show that it's bringing in in
01:23
value for an organization
01:26
and cope. It is a framework that allows for visibility at the board of directors or governing level
01:32
with more visibility. The higher likelihood that the I T department can have adequate funding and that I t will be seen as an integral part of your organization.
01:42
It can also result in less pushback when additional resource is air needed
01:48
CO. But also assists assists With risk and resource optimization.
01:53
You can address the business risk associated with I T. And how it impacts the business within the co bit framework.
02:00
It helps with the creation of value and managing risk to focus on preserving the value of information and processes that information systems interact with
02:10
essentially cope. It helps to demonstrate how I t optimizes business risk toe ultimately preserve value.
02:19
Resource optimization ensures that resource is our integrated and economical and avoiding excessively high costs of I T.
02:28
Resource optimization also refers toe updating or replacing obsolete systems training and promoting retention of I T. personnel and utilizing data to gain business insights and overall value.
02:40
Kobe is also broad and comprehensive.
02:45
It covers different industries organizational structures and it covers the entire enterprise from end to end.
02:53
Since cope, it can be applied to organizations of varying sizes, industries, etcetera. It has to be flexible,
03:00
which it ISS.
03:00
Performance management is another strength of co bit
03:04
performance management ensures that employees resource is and systems continually meat, business goals and objectives
03:12
cope. It also helps align businesses toe, align their aforementioned with their missions and goals
03:21
cope. It can assist with the implementation of this framework because it creates a simplistic way to execute i t. Governance within a company.
03:29
It is a master framework that is both comprehensive and holistic.
03:34
One of the advantages when implementing co bit is that it can be executed in conjunction with major standards, guidelines, frameworks and laws and regulations.
03:43
It aligns and can be integrated with these different standards, regulations and best practices.
03:50
This master framework allows for business goals and I t goals to be interlinked, to extract business value and create visibility at the senior leadership level
04:00
with more visibility, the more likely your I T department can be appropriately integrated with the organization toe assist, a business in reaching its missions and goals.
04:11
It's also all the more likely that the I T department will be given the adequate attention and funding to continue to meet business objectives
04:21
Ultimately cope. It is a globally accepted framework, which can be seen as one of its strengths.
04:28
So why is it so important to adopt a widely adopted framework?
04:31
Well, it means you are following best practices and guidelines that are internationally accepted and renowned.
04:38
That means you're probably doing something right.
04:41
Plus, it means that you can follow tips and pointers from other organizations in your industry toe effectively implemented.
04:49
Take a moment to think why and how a globally accepted framework would benefit your organization.
04:56
Do you think it would make your organization more desirable to customers and other businesses that you engage with?
05:02
Try and write down what you think would be important about having a globally accepted framework, and that will be very helpful for your business case, which we'll talk about later down the line.
05:15
So let's do a quick recap of why cope it can be the framework for you
05:18
it is broad and comprehensive, and it encompasses your entire enterprise from end to end.
05:25
It was created and implemented within organizations to help businesses realize their objectives and goals.
05:31
Although cope, it includes the I T department. It's not just limited to the I T department.
05:36
Instead, it incomers your entire organization.
05:41
When you adopt co bit, it doesn't mean you could Onley follow co bit.
05:45
Rather, you can coordinate co bit with other standards and best practices.
05:49
Additionally, cope, it is aligned with standards, best practices and regulations.
05:54
It's also compatible with other i t governance frameworks like Val I t. And it'll
06:00
Kobe. It is easy to implement in a business and integrates easily.
06:06
It is focused on cutting I t risks and focused on retaining and obtaining business value.
06:13
Furthermore, cope it can assist your organization with compliance with laws and regulations, reporting and asset control.
06:20
What do you think is the most important Corbett strength
06:24
that will vary from business to business and person to person. But why do you think it's what do you think? It's the most important and why.
06:33
Okay, so let's talk about what Kobe is not
06:36
cope. It is an I t. Governance framework. But it is not a way to manage all technologies within your organization.
06:44
Keep in mind cope. It is broad. It is not technology specific or a technical guide that gives you a way in which to manage your technological assets.
06:54
It's also not a wait. It's not meant to organize business processes.
06:59
Additionally, Kobe, it does not prescribe i t related decisions.
07:02
It doesn't talk about what the best I T strategy or architecture, ER is because that can vary from organization organization. And that also changes with time as the cyber landscape is ever changing and evolving,
07:15
instead cope. It defines components to guide decisions for which decisions should be made, how and by whom.
07:25
So in this video, we talked about how cope it can add value to your business and what The Colbert framework is not.
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