Enterprises are being encouraged to implement COBIT® to improve their governance of enterprise IT (GEIT) and this is good advice. However, many enterprises are understandably reluctant to undergo such a massive project, or have difficulty obtaining senior management buy-in due to budget, staffing or indecision over benefits. A couple of countries are pursuing COBIT® 5 through legislation or government initiatives, such as Turkey (in financial institutions) and, more recently, Bahrain.
These are undoubtedly useful methods, but what can all the remaining governments and businesses do to improve their GEIT when faced with the above difficulties? There are numerous benefits to COBIT 5, including:
- Reduced costs
- IT-business alignment
- The benefits realization of IT investments
- The ability to meet regulatory and compliance requirements
- Reduced IT-related business risk
COBIT 5, therefore, offers enterprises obvious benefits for bringing its processes, practices and activities into day-to-day governance. In North America, the number of enterprises implementing COBIT is quite low, yet arguably, the need for such governance has never been higher.
In my COBIT 5 Foundation classes, I typically exhort the attendees to focus on using COBIT, not implementing it. Why is this an important distinction?
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