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PO1.1 - IT Value Management

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 PO1.1 - IT Value Management is contained within Process Popup Define a Strategic IT Plan.

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IT Value Management

Work with the business to ensure that the enterprise portfolio of IT-enabled investments contains programmes that have solid business cases. Recognise that there are mandatory, sustaining and discretionary investments that differ in complexity and degree of freedom in allocating funds. IT processes should provide effective and efficient delivery of the IT components of programmes and early warning of any deviations from plan, including cost, schedule or functionality, that might impact the expected outcomes of the programmes. IT services should be executed against equitable and enforceable service level agreements (SLAs). Accountability for achieving the benefits and controlling the costs should be clearly assigned and monitored. Establish fair, transparent, repeatable and comparable evaluation of business cases, including financial worth, the risk of not delivering a capability and the risk of not realising the expected benefits.

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Value Drivers

  • IT investments’ benefit transparent and effective to the enterprise
  • An effective decision-making process to ensure that investments in IT deliver tangible business benefit
  • IT investments in line with the business objectives
  • Shared understanding regarding cost, risk and benefits of IT-enabled business initiatives
  • Direct relationship between business goals and use of resources for IT
  Risk Drivers
  • Ineffective decision making leading to investments in IT that have insufficient return or a negative impact on the organisation
  • IT not aligned with the business
  • IT value management lacking the support and commitment of senior management
  • Undefined or confusing accountability and responsibility
  • Costs, benefits and risks of IT-enabled business initiatives unclear or misunderstood
  • IT not compliant with governance requirements, potentially impacting management’s and the board’s public responsibility

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  1. Define a committee, supported by a formal charter and containing both IT and business unit leadership, with the objective of directing IT-enabled investment programmes, IT services and IT assets.
  2. Ensure that the management activities of the IT-enabled investment programmes, IT service and IT assets use a formal process that requires business cases that include cost-benefit analysis, analysis of alignment with business strategy, risk assessments, SLAs for IT services and the impact to the current IT portfolio.
  3. Ensure that the management activities of the IT-enabled investment programmes include a process that:
    • Monitors the development and delivery of IT components of investment programmes
    • Requires reviews of IT service delivery against equitable and enforceable SLAs
    • Monitors deviations in terms of cost, timing and functionality
  4. Ensure that accountability for value delivery, i.e., the achievement of business benefits through the use of IT, is clearly assigned at an appropriate level.

Discussions: 1 total

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Sorry, I couldn't find a General topic so I'm posting this here. I thought COBIT 5.0 superceded 4.1 but I just got an e-mail from ISACA telling me about this 4.1 discussion site. Does 5.0 supercede 4.1 or is it complementary or is 5.0 not addressing the ...
Dennis206 | 9/7/2012 6:38:54 AM | COMMENTS(0)

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Events & Online Learning: 16 total

Journal Articles: 256 total

Volume 3, 2107
by Jayakumar Sundaram, CISA, ISO 27001 LA
The SoA is a continuously updated and controlled document that provides an overview of information security implementation.
Volume 6, 2106
by Venkatasubramanian Ramakrishnan, CISM, CRISC, CHFI
Bayesian networks can capture the complex interdependencies among risk factors and can effectively combine data with expert judgment.
Volume 1, 2018
by Aditya K. Sood, Ph.D., and Rehan Jalil
With the robust requirements listed by upcoming regulations, such as GDPR, the importance of a cloud app security solution cannot be ignored.
Volume 1, 2018
by Adeniyi Akanni, Ph. D., CISA, CRISC, ITIL
This article describes a six-stage cycle of implementing big data in commercial banks, points out the major challenges in implementation and provides a suggested solution.
Volume 1, 2018
by Sandy Fadale, CRISC, CISM, CGEIT
Get to know your network.
Volume 6, 2017
by Robert Putrus, CISM, CFE, CMC, PE, PMP
This article presents a risk-based management approach to third-party data security risk and compliance through the development of a third-party risk register.

Wikis: 2 total

Blog Posts: 161 total

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