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Better the Process You Know Than the Gaps You Don’t

By James Reeve, CISA, CRISC, CISM, CGEIT, COBIT 5 Foundation and Assessor

COBIT Focus | 20 August 2018

James Reeve The FirstRand Group is a financial services provider in South Africa. It is one of the largest financial institutions in South Africa and the holding company of First National Bank (FNB), a retail and commercial bank. One of the core principles of the FirstRand Group is an ownership culture in which each subsidiary is empowered to make business decisions. This ownership culture is evident in FNB, which consists of multiple complex and independent business units that are accountable for their business function lines’ enterprise. Each business function is supported by independent IT departments that are at varying levels of maturity. These varying levels of maturity, coupled with complexity, have introduced associated risk into the IT ecosystem of FNB.

To address the potential risk, the FirstRand group drafted an IT governance framework that was approved by the Governance Committee, where it obtained the support of the board of directors. Read More >>

COBIT 5—How to Get Inspired

By Andrey Drozdov

COBIT Focus | 6 August 2018

Even best-in-class frameworks need to be half as inspiring as a good novel—and twice as inspiring for practitioners to read and use them! As a COBIT trainer, I use the following tips on how to capitalize on COBIT for IT governance-related projects and workshops. Read More >>

GEIT Framework at Work, Part 3: Creating a Project Plan

By Peter C. Tessin

COBIT Focus | 23 July 2018

Peter C. Tessin There is an old saying about the importance of planning: “Failing to plan is planning to fail.” While the saying has become almost a cliché from years of use, it is essentially true. Very few projects are successful in achieving their goals without the support of a clear, comprehensive, fully defined and approved plan. Read More >>