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DS6.4 - Cost Model Maintenance

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.

COBIT Control Objective DS6.4 - Cost Model Maintenance is contained within Process Popup Identify and Allocate Costs.

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Cost Model Maintenance

Regularly review and benchmark the appropriateness of the cost/recharge model to maintain its relevance and appropriateness to the evolving business and IT activities.

View value and Risk Drivers  help

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Value Drivers

  • IT cost allocations continuously aligned with actual business usage of IT services
  • Cost allocations based on the most appropriate approach for the business and IT
  Risk Drivers
  • The cost model not in line with actual usage
  • The method used for cost allocation not appropriate for the needs of the business and IT

View Control Practices  help

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  1. Review the cost/recharge model on a regular basis. Ensure that the enterprise management accounting framework, current business requirements, and changes in the IT services and costs are reflected in the cost/recharge model.
  2. Communicate changes in the cost/recharge model with business process owners.
  3. Follow up enquires due to unclear cost or pricing procedures immediately. Capture a summary of enquires to further improve the cost/recharge model.

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Events & Online Learning: 1 total

13 Aug 2018
ISACA International Event
Nashville, Tennessee, US
2018 GRC Conference - 13-15 August , Nashville, TN. Explore the future of Governance Risk and Control through expert-led workshops and sessions developed by the IIA and ISACA. Register early for our GRC learning tracks.

Journal Articles: 26 total

Volume 3, 2017
by Vasant Raval, DBA, CISA, ACMA, and Rajesh Sharma, Ph.D., ITIL-F, Six Sigma Black Belt
Success does not teach much, if anything; it is the failure that provides lessons to do better in the future.
Volume 3, 2016
by Joseph Zipper, CISA, IPRC, PMP
Efficient and effective auditing of major projects requires a flexible approach, where audit is actively engaged throughout the project life cycle.
Volume 2, 2016
by Alan Moran, Ph.D., CRISC, CITP
The inherent cadence and iterative nature of Agile practices make them well suited for the management of a wide range of risk commonly encountered in product development and related projects.
Volume 2, 2016
by Laurent Renard, CISA, CISM, CGEIT, CRISC, COBIT Foundation, DevOps, GRCP, ITIL Expert, Lean Six Sigma BB, MoP, MSP, P3O, PMIACP, PMI-PBA, PMP, PRINCE2, Resilia, Scrum PSM-PSPO, TOGAF
IT helps organizations achieve their goals and optimize their profitability by balancing risk at an acceptable level.
Volume 1, 2016
by Joshua J. Filzen, Ph.D., CPA and Mark G. Simkin, Ph.D.
Auditors often embed colored labels and background hues in spreadsheets to enhance a worksheet’s organization, readability and visual appeal.
Volume 5, 2015
by Ed Gelbstein, Ph.D.
What causes large software projects to have significant cost and timescale overruns and/or fail to meet expectations or, in a worst case, be abandoned before completion?

Wikis: 2 total

Blog Posts: 12 total

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“Enterprise architecture is now a strategic componentof every forward-thinking organization around the world.”Source: Related Article: Common Perspective on Enterprise Architecture: http://feapo....
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Let us have positive inspirational slogans for every situation. Last week I started the project meeting like this: I don't know you are all so good at tuning the website. The performance is now is wonderful. I could witness reduction of stress, anxiety an...
Posted By : Jayakumar Sundaram | 1 comments
13 Nov 2014
You are invited to comment on my post in ISACA Now which can be accessed using the following link: Title: From games to government, babies to business--the role of strategyLink: Shahi...
Posted By : SA | 0 comments
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