The framework established in 1996 called COBIT has been a proven toolset for IT groups, and is used widely technology departments who focus on regulatory compliance and added value from IT initiatives. The Control Objectives for Information and related Technology (COBIT) was established by two leaders in the world of information technology – the Information Systems Audit and Control Association (ISACA) and the IT Governance Institute (ITGI).
The goal of ISACA and ITGI when COBIT was created was to provide an efficient framework that presents best practices for clear policies and controls for IT development initiatives.
All too often, there is a gap between business expectations and IT technical or development issues. Business must minimize risks so that any new IT project must be implemented on time, within budget, without negative business impact. IT must meet often unrealistic timelines while producing and implementing a quality product. COBIT can assist in bridging this gap through a stringent set of guidelines and tools that helps both business and IT groups to work together for mutual project success.
Some examples of COBIT use include:
COBIT has been an established and proven methodology for over a decade. When your IT development projects have an urgent need for standards and governance, consider using COBIT as your tool for success.
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David G. Peterson is a business consultant and author of Handling the Remedy. He has extensive international experience managing projects and operations for large financial institutions. He has worked in North America, Europe, Middle East and Asia skillfully managing business and technical requirements, core systems enhancement and support, merger and acquisition integration's, business process reengineering, off-shoring and outsourcing.