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PO5.2 - Prioritisation Within IT Budget

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 PO5.2 - Prioritisation Within IT Budget is contained within Process Popup Manage the IT Investment

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Prioritisation Within IT Budget

Implement a decision-making process to prioritise the allocation of IT resources for operations, projects and maintenance to maximise IT’s contribution to optimising the return on the enterprise’s portfolio of IT-enabled investment programmes and other IT services and assets.

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Value Drivers

  • Priorities that reflect IT goals and requirements of the business and are transparent to all stakeholders
  • Focused use of resources
  • Appropriate decision making, balancing cost, continuous improvement, quality and readiness for the future
  Risk Drivers
  • Inefficient resource management
  • Inability to optimise goals and objectives
  • Confusion, demotivation and loss of agility due to unclear priorities
  • IT budget not in line with the IT strategy and investment decisions

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  1. Create a process and establish a decision-making body for the prioritisation of IT initiatives and related resources within the high-level budget envelopes for IT-enabled investment programmes, IT services and IT assets as established by the strategic and tactical plans and maintained by portfolio decisions.
  2. Create and use procedures to rank all IT initiatives within portfolios based on the business cases and strategic and tactical plans, and establish procedures to determine budget allocations and cut-off based on the envelopes received. Establish the procedure to communicate budget decisions and review them with the detailed IT budget holders.
  3. Identify, communicate and resolve significant impacts of budget decisions on business cases, portfolios and strategy plans, e.g., when budgets are not aligned with strategic objectives or when budget allocations significantly impact the business case objectives.
  4. Obtain ratification from the executive committee for the overall IT budget changes that negatively impact the entity’s strategic or tactical plans and suggested actions to resolve these impacts.

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Events & Online Learning: 21 total

16 Mar 2015
ISACA International Event
Orlando, FL, USA
21 Sep 2015
ISACA International Event
06010 Mexico City, Panama
La Conferencia Latinoamericana CACS/ISRM
9 Nov 2015
ISACA International Event
Copenhagen, Denmark
Stay on top of the trends and opportunities of the dynamic technology industry at EuroCACS/ISRM —the leading European conference for IT audit, assurance, security and risk professionals.

Journal Articles: 220 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 5, 2017
by Michael Werneburg, CIA, PMP
Service organizations with a bespoke application in a regulated industry have special challenges in addressing application vulnerabilities.
Volume 5, 2017
by Filip Caron, Ph.D.
Blockchain technology, commonly expected to drive the next wave of digital infrastructure and process innovation, is rapidly developing into maturity.
Volume 5, 2017
by Hari Mukundhan, CISA, CISSP
This is an age in which machine-to-machine communication is expanding significantly, creating new types of cyberrisk or exacerbating existing risk, thus impacting not only privacy and wealth, but also human safety.
Volume 4, 2017
by Vimal Mani, CISA, CISM, Six Sigma Black Belt
Blockchain is a distributed database that maintains a continuously growing list of records called blocks that are secured from any kind of tampering and revision efforts.

Wikis: 2 total

Blog Posts: 138 total

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