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AI1.3 - Feasibility Study and Formulation of Alternative Courses of Action

This topic is intended to enable collaboration and sharing of information to facilitate a better understanding and approach to implementing this COBIT control objective based on the risk, value and guidance provided by its corresponding control practices.

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Feasibility Study and Formulation of Alternative Courses of Action

Develop a feasibility study that examines the possibility of implementing the requirements. Business management, supported by the IT function, should assess the feasibility and alternative courses of action and make a recommendation to the business sponsor.

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Value Drivers

  • The most effective and efficient solution chosen for the enterprise
  • Resources available to implement and operate the selected solution
  • Significant requirements verified before commitment to acquire
  • Selection decision making based on valid justifications
  Risk Drivers
  • Solution failing to meet requirements
  • Solution failing to perform as expected
  • Solution failing to integrate with existing infrastructure

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  1. Define and execute a feasibility study that clearly and concisely describes the key alternative courses of action that will satisfy the business and functional requirements with an evaluation of their technological and economic feasibility. Identify required actions for the acquisition or development, and take into account scope and/or time and/or budget limitations.
  2. Review the alternative courses of action with all stakeholders, and select the most appropriate one based on feasibility criteria, including risks and cost.
  3. Translate the preferred course of action into a high-level acquisition/development plan identifying resources to be used and stages requiring a go or no-go decision.

 

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7 May 2012
ISACA International Event
Orlando, Florida, USA
Get the knowledge you need to stay one step ahead of the competition and keep up with changing professional trends at ISACA’s North America CACS Conference.
12 Jun 2012
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ISACA Training is a unique educational event designed to provide the tools you need to maintain, update and upgrade your skills, and to continue your professional development.
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ISACA Training is a unique educational event designed to provide the tools you need to maintain, update and upgrade your skills, and to continue your professional development.
10 Sep 2012
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Euro CACS/ISRM is a multidimensional event featuring audit, security, governance and risk content, and the audit and security programs, tools and the resources you need to be responsive to industry changes.
11 Sep 2012
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San Francisco, California, USA
ISACA Training is a unique educational event designed to provide the tools you need to maintain, update and upgrade your skills, and to continue your professional development.

Journal Articles: 256 total

Volume 3, 2012
by Robert Findlay, CISA
Robert Findlay has had a 30-year career in a variety of IT roles, including computer operations, programming, project management, IT audit and emergency project management.
Volume 3, 2012
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Haruspex is a risk evaluation methodology defined and implemented by the research group on risk management in the Department of Computer Science at the University of Pisa, Italy.
Volume 2, 2012
by Steven J. Ross, CISA, CISSP, MBCP
The Conference Board study addresses the resilience of companies “to bounce back from a disruption” caused by security events, which are defined rather loosely as environmental disasters, terrorism and cyberattacks.
Volume 2, 2012
by John P. Pironti, CISA, CISM, CGEIT, CRISC, CISSP, ISSAP, ISSMP
Risk and security will no longer be something that the organization consciously considers and instead will become integrated in business-as-usual activities.
Volume 2, 2012
by Kerry A. Anderson, CISA, CISM, CRISC, CGEIT, CISSP, ISSMP, ISSAP, CSSLP, CFE
The closer alignment between RIM and information security may provide an approach to managing increasing data protection concerns and tough privacy regulations rather than maintaining the separation between these critical compliance functions.
Volume 2, 2012
by Gan Subramaniam, CISA, CISM, CCNA, CCSA, CIA, CISSP, ISO 27001 LA, SSCP
What should be the recovery strategy that I must impose on the vendor to ensure an effective recovery of the services, if a crisis were to ever occur?

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