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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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Experienced business and IT professionals know that optimizing their use of big data as a resource will deliver real business value to the enterprise stakeholders.
Posted by ISACA 66 days ago

Events & Online Learning: 6 total

10 Jun 2013
ISACA International Event
Berlin, Germany
Early bird deadline has been extended: save over US $350 when you register by 1 May. Learn from industry-leading IT experts at Insights 2013. This is a unique opportunity to discover revolutionary new ideas at the world’s premier business event.
16 Sep 2013
ISACA International Event
London, England
Stay on top of the trends and opportunities of the dynamic technology industry at EuroCACS/ISRM 2013 in Berlin—the leading European conference for IT audit, assurance, security and risk professionals. Save over US $200 when you register by 22 July!
30 Sep 2013
ISACA International Event
Medellín, Colombia
La Conferencia Latinoamericana CACS/ISRM 2013 en Medellín, Colombia es la conferencia principal latinoamericana para los profesionales de auditoría, riesgo y seguridad de la información. Ahorre más de EE.UU. $ 100 si se inscribe antes del 7 de agosto!
14 Oct 2013
ISACA International Event
Boston, MA, USA
6 Nov 2013
ISACA International Event
Las Vegas, NV, USA
North America ISRM is a multidimensional event featuring security and risk content, and the security programs, tools and the resources you need to be responsive to industry changes.

Journal Articles: 256 total

Volume 3, 2013
by Steven DeFino and Larry Greenblatt | Reviewed by Dauda Sule, CISA
This Guide is targeted toward individuals who wish to attain the Certified Ethical Hacker (CEH) certification.
Volume 2, 2013
by Darlene Tester
Not performing a full risk assessment before determining what security controls should be implemented is equivalent to not “looking before you leap.”
Volume 2, 2013
by Bob Smart, CISA, CISM, CRISC, MACS Snr, MBIS
Professional certifications can be defined as a promise made by the certifying body that the recipient has demonstrated a minimum level of capabilities.
Volume 2, 2013
by Samuel Pierre-Louis, CISSP-ISMP, René Sanchez, CISM, CBCP, MBCI, and Molly Shek, CISM, CGEIT, CRISC, PMP, RHIA
How does an organization that is faced with numerous federal and state compliance requirements meet the challenge?
Volume 2, 2013
by Vicki Gatewood, CGEIT, CRISC
For all of the positive claims about the benefits of cloud computing, there have been as many articles warning of the dangers.
Volume 2, 2013
by Rajesh Bhatia, CISA, CGEIT, PMP, MDP
This article discusses the benefits of using the framework of the five IT governance focus areas.

Wikis: 2 total

Blog Posts: 138 total

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