Strengths of COBIT
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Let's start off with the strength of co bit
in this video. We're going to talk about the strength of the co bit framework and what the Corbett framework is not.
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.
Keep in mind, there are a lot as this is a globally accepted and widely adopted framework.
One of the main strengths of cope it is that it is effective.
This effectiveness can be translated into many different benefits for an organization.
When adopting CO. Bit within an organization, it creates business value.
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.
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
to avoid risks, harbor failures or an overall lack of funding. It's important to demonstrate that I t assets bring in business value.
Hope it helps with that
based on the aforementioned you want to demonstrate visibility for your I T. Resource is assets and I t department.
You want to show that it's bringing in in
value for an organization
and cope. It is a framework that allows for visibility at the board of directors or governing level
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.
It can also result in less pushback when additional resource is air needed
CO. But also assists assists With risk and resource optimization.
You can address the business risk associated with I T. And how it impacts the business within the co bit framework.
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
essentially cope. It helps to demonstrate how I t optimizes business risk toe ultimately preserve value.
Resource optimization ensures that resource is our integrated and economical and avoiding excessively high costs of I T.
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.
Kobe is also broad and comprehensive.
It covers different industries organizational structures and it covers the entire enterprise from end to end.
Since cope, it can be applied to organizations of varying sizes, industries, etcetera. It has to be flexible,
which it ISS.
Performance management is another strength of co bit
performance management ensures that employees resource is and systems continually meat, business goals and objectives
cope. It also helps align businesses toe, align their aforementioned with their missions and goals
cope. It can assist with the implementation of this framework because it creates a simplistic way to execute i t. Governance within a company.
It is a master framework that is both comprehensive and holistic.
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.
It aligns and can be integrated with these different standards, regulations and best practices.
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
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.
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
Ultimately cope. It is a globally accepted framework, which can be seen as one of its strengths.
So why is it so important to adopt a widely adopted framework?
Well, it means you are following best practices and guidelines that are internationally accepted and renowned.
That means you're probably doing something right.
Plus, it means that you can follow tips and pointers from other organizations in your industry toe effectively implemented.
Take a moment to think why and how a globally accepted framework would benefit your organization.
Do you think it would make your organization more desirable to customers and other businesses that you engage with?
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.
So let's do a quick recap of why cope it can be the framework for you
it is broad and comprehensive, and it encompasses your entire enterprise from end to end.
It was created and implemented within organizations to help businesses realize their objectives and goals.
Although cope, it includes the I T department. It's not just limited to the I T department.
Instead, it incomers your entire organization.
When you adopt co bit, it doesn't mean you could Onley follow co bit.
Rather, you can coordinate co bit with other standards and best practices.
Additionally, cope, it is aligned with standards, best practices and regulations.
It's also compatible with other i t governance frameworks like Val I t. And it'll
Kobe. It is easy to implement in a business and integrates easily.
It is focused on cutting I t risks and focused on retaining and obtaining business value.
Furthermore, cope it can assist your organization with compliance with laws and regulations, reporting and asset control.
What do you think is the most important Corbett strength
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.
Okay, so let's talk about what Kobe is not
cope. It is an I t. Governance framework. But it is not a way to manage all technologies within your organization.
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.
It's also not a wait. It's not meant to organize business processes.
Additionally, Kobe, it does not prescribe i t related decisions.
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,
instead cope. It defines components to guide decisions for which decisions should be made, how and by whom.
So in this video, we talked about how cope it can add value to your business and what The Colbert framework is not.
Example Success Story
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Principles for a Governance Framework