Find Resources & Connect with members on topics that interest you.

AI - Acquire and Implement

PO - Plan and Organize

DS - Deliver and Support

Please sign in to see your topics.

You must be logged in to join this group.

PO5.5 - Benefit 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 PO5.5 - Benefit Management is contained within Process Popup Manage the IT Investment

Learn more about COBIT and related publications.

Click “Join This Community” to be able to actively participate in discussions and contribute content. You must be an ISACA member to join this topic. Join ISACA now.

 
This Topic Has:
2 Members
0 Online
829 Visits

 Recent Discussions

Community Leader

Knowledge Center Manager

Knowledge Center Manager

Title: Become a Topic Leader!

Points: 3


Benefit Management

Implement a process to monitor the benefits from providing and maintaining appropriate IT capabilities. IT’s contribution to the business, either as a component of IT-enabled investment programmes or as part of regular operational support, should be identified and documented in a business case, agreed to, monitored and reported. Reports should be reviewed and, where there are opportunities to improve IT’s contribution, appropriate actions should be defined and taken. Where changes in IT’s contribution impact the programme, or where changes to other related projects impact the programme, the programme business case should be updated.

View value and Risk Drivers  help

Hide value and Risk Drivers help


Value Drivers

  • Accurate identification of benefit variances during and after implementation
  • Accurate information for portfolio decisions, i.e., continue, adjust or retire programmes
  • Properly priced service delivery
  • Transparency of IT’s contribution to the business
  • Business understanding of actual cost and benefit of IT
  Risk Drivers
  • Misspending of IT investments
  • Inappropriate service pricing
  • IT value contribution not transparent
  • Incorrect perception of IT value contribution

View Control Practices  help

Hide Control Practices  help

  1. Develop metrics for monitoring IT’s contribution to the business case and establish in co-operation with all stakeholders:
    • Targets that reflect on the required IT capabilities and, where possible, are easy to translate into business capability targets
    • Trends in terms of cost reduction and the satisfaction of IT’s customers with the services delivered
    • Post-implementation reviews for IT projects
  2. Assign accountability for achieving benefits as recorded in the business case. Track and record in the business case how benefits change through the life cycle of programmes and projects and how they compare to internal and industry benchmarks.
  3. Communicate the underlying reasons for measuring and monitoring selected benefits and the remediation process for identified deviations.
  4. Implement corrective action when benefits significantly deviate:
    • For IT-enabled investment programmes—Update the business case of the project and the programme, and inform those responsible for portfolio management.
    • For IT service delivery—Initiate improvement.
  5. Consider obtaining guidance from external experts, industry leaders and comparative benchmarking data to test and improve the metrics and targets.
  6. Identify, quantify and qualify benefits of delivering IT solutions, providing IT services and managing IT assets as IT’s contribution to the business case.

 

Discussions: 0 total

Must be a Topic member to contribute

No Results Found

Documents & Publications: 87 total

Must be a Topic member to contribute
View All »
Downloads
Posted by ISACA 344 days ago
Downloads
Posted by ISACA 397 days ago
Downloads
Posted by ISACA 397 days ago
Downloads
Posted by ISACA 729 days ago
Research
Posted by ISACA 17 hours ago

Events & Online Learning: 3 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.
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: 241 total

Volume 3, 2012
by Aarni Heiskanen, LJK
A program or project portfolio explains how an organization is implementing its strategy with projects.
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.
Volume 3, 2012
by Fabrizio Baiardi, Claudio Telmon, CISA, CISSP, and Daniele Sgandurra, Ph.D.
Haruspex is a risk evaluation methodology defined and implemented by the research group on risk management in the Department of Computer Science at the University of Pisa, Italy.
Volume 2, 2012
by Steven J. Ross, CISA, CISSP, MBCP
The Conference Board study addresses the resilience of companies “to bounce back from a disruption” caused by security events, which are defined rather loosely as environmental disasters, terrorism and cyberattacks.
Volume 2, 2012
by John P. Pironti, CISA, CISM, CGEIT, CRISC, CISSP, ISSAP, ISSMP
Risk and security will no longer be something that the organization consciously considers and instead will become integrated in business-as-usual activities.
Volume 2, 2012
by Kerry A. Anderson, CISA, CISM, CRISC, CGEIT, CISSP, ISSMP, ISSAP, CSSLP, CFE
The closer alignment between RIM and information security may provide an approach to managing increasing data protection concerns and tough privacy regulations rather than maintaining the separation between these critical compliance functions.

Wikis: 2 total

Blog Posts: 98 total

Having been associated with the BS 7799 from its introduction as a Security Standard, and as a Contributor to the ISO 27001, and the last and final Chair of the ISO 27001 at the Department of Trade and Industry (DTI) I have been a long term supporter, and...
Posted By : John379 | 0 comments
Gone are the days of check list auditing (Tick and bash audit). To add value to business auditors need to go beyond check listing. Be it an application control review (ACR), IT General Controls Review (ITGCR), A project review or an integrated audit, i...
Posted By : Tichaona Zororo CISA, CISM, CRISC, CGEIT | 0 comments
During my audits, training & teaching sessions one of the frequent queries I came across is 'Sir, How do I become an IT Auditor? What are the qualification criteria?' The best answer for this to quote from the famous book, Information Systems Control and ...
Posted By : KvR | 0 comments
We are in the year 2012 – the year of the UK Olympics, and the prospect of good times, fantastic events, and on mass tourism is something the UK is liking forward to, and embracing – but like all good things, there can be baggage, and in this case that ma...
Posted By : John379 | 0 comments
IT Security industry does a great disservice to itself by constantly portraying itself as the great savior and protector from all evils, somehow capable of taking us to that magical place where no one gets robbed or no breach happens, while in reality, th...
Posted By : Umesh391 | 1 comments
New post on IT Grackle: "The Privacy Lock On Your Phone" http://goo.gl/qMNfC #mobile #security
Posted By : Calvin Powers | 0 comments