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PO3.3 - Monitor Future Trends and Regulations

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 PO3.3 - Monitor Future Trends and Regulations is contained within Process Popup Determine Technological Direction

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Monitor Future Trends and Regulations

Establish a process to monitor the business sector, industry, technology, infrastructure, legal and regulatory environment trends. Incorporate the consequences of these trends into the development of the IT technology infrastructure plan.

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Value Drivers

  • Improved awareness of technological opportunities and improved services
  • Improved awareness of technical and regulatory risks
  • Improved evaluation of technological changes in line with the business plan
  Risk Drivers
  • Non-compliance with regulatory requirements
  • High effort required to achieve compliance because of wrong or late decisions
  • Technical incompatibilities or maintenance issues within the IT infrastructure
  • Organisational failure to maximise the use of emerging technological opportunities to improve business and IT capability

View Control Practices  help

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  1. Ensure that adequately skilled staff members within the IT department routinely monitor technological developments, competitor activities, infrastructure issues, legal requirements and regulatory environment changes, and provide relevant information to senior management. Consult third-party experts to obtain views and confirm findings and proposals of internal staff.
  2. Ascertain that the IT department maintains membership in vendor user groups, subscribes to technical journals and maintains a research budget.
  3. Evaluate new technologies in the context of their potential contribution to the realisation of broader business goals and targets using established criteria, e.g., ROI, or ability to achieve market leadership.
  4. Ensure that the organisation’s legal counsel monitors legal and regulatory conditions in all relevant locations and informs the IT steering committee of any changes that may impact the technology infrastructure plan.

 

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Events & Online Learning: 10 total

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.
15 May 2012
ISACA International Event
Washington, DC, USA
12 Jun 2012
ISACA International Event
Dallas, Texas, 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.
7 Aug 2012
ISACA International Event
Chicago, Illinois, 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.
10 Sep 2012
ISACA International Event
Munich, Germany
EuroCACS/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.

Journal Articles: 887 total

Volume 2, 2019
by ISACA Member and Certification Holder Compliance
Volume 3, 2012
by Ookeditse Kamau, CISA, CIA
Quality evidence collected during the audit process enhances the overall quality of the work performed and significantly reduces audit risk.
Volume 3, 2012
by Kai-Uwe Ruhse, CISA, PCI QSA, and Maria Baturova
This article describes real cloud computing project case studies, which show that moving to the cloud is an important strategic decision for IT managers.
Volume 3, 2012
by Steven J. Ross, CISA, CISSP, MBCP
To accelerate investments in security, we security professionals must do a better job of communicating the reality of the threats that our organizations face.
Volume 3, 2012
by Tommie W. Singleton, Ph.D., CISA, CGEIT, CITP, CPA
This two-part article describes one framework for performing effective audits of applications.
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.

Wikis: 2 total

Blog Posts: 184 total

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