Implement COBIT 2019 for Outstanding IT Governance
COBIT is a commonly used comprehensive framework that integrates IT governance into enterprise governance and integrates other frameworks such as Val IT and Risk IT. The main purpose of COBIT is to balance the benefits and risks of IT while putting the significances of all stakeholders into consideration. The latest version of COBIT framework is COBIT 2019. It is intended to provide greater adaptability for organizations while customizing an IT governance procedure.
Main Updates of COBIT 2019
The new COBIT 2019 offers several updates in attempt to create a more practical, customizable, and convenient governance framework. First, flexibility and openness. COBIT 2019 provides new concepts such as focus areas and design factors that will fit to the needs of organizations and create effective governance system. In addition, COBIT 2019 allows organizations to add new focus areas or modify the existing ones. Then, currency and relevance. The COBIT model is now updated with newest standards and working methods which supports referencing and alignment to concepts from other sources such as the latest IT standards and compliance regulations.
Furthermore, the next update is called prescriptive application. It means that the application of tailored COBIT governance components is perceived as a prescription for a tailored IT governance system. Last, IT performance management. The structure of the COBIT performance management model serves as a better instrument for IT performance management that will be integrated into the conceptual model.
Key Benefits of COBIT 2019
COBIT 2019 provides several key benefits that can improve organizations’ IT and business governance. It allows the improvement processes to be more regularized and happen periodically. Thus, organizations will perform better. First, COBIT 2019 offers module for performance management. It is used by organizations to measure the performance of different parts of a framework and evaluate them. Then, enhancement of implementation with COBIT certification courses. It comes with different publications and certifications which could be learned by working professionals so they can perform better and give more meaningful impacts for organizations.
Another benefit of COBIT 2019 is having an open-source model that keeps updating in order to adapt the framework to the market changes. The feedback is obtained from global governance committees and all necessary improvements are made with all future updates of COBIT 2019. Lastly, COBIT 2019 provides assistance to improve IT and business governance with the help of certifications. The certification could improve the overall implementation of COBIT in the organizations and it holds a lot of value for working professionals as well as organizations.
Conclusion
COBIT 2019 offers organization to be more flexible in designing practical and effective governance tailored to the organization’s needs and goals. COBIT 2019 has made updates which can be implemented in organizations and offer several benefits that can improve organizations’ IT and business governance.
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References
Evolution of COBIT 2019 from COBIT 5 | COBIT 2019 Update. (n.d.). Invensis Learning. Retrieved August 19, 2021, from https://www.invensislearning.com/articles/it-security-governance/cobit-2019-update
Horvath, I. (2021, July 17). Understanding Key Benefits of COBIT 2019. Invensis Learning Blog. https://www.invensislearning.com/blog/benefits-of-cobit-2019/
Lainhart, J. (2018, October 29). Introducing COBIT 2019: The Motivation for the Update? ISACA.
