COBIT 5 is based on following five principles:
- Meeting the needs of stakeholders
- Ensuring a holistic approach
- Covering the enterprise end to end
- Applying single integrated framework
- Separating governance from the management
The COBIT framework involves bridging business goals with IT infrastructure by providing various maturity models and metrics. The process-based model is subdivided into following five domains:
- Evaluate, director and monitor (EDM)
- Align, plan and organize (APO)
- Build, acquire and implement (BAI)
- Deliver, service and support (DSS)
- Monitor, evaluate and assess. (MEA)
Business Beam recognizes the challenges of modern businesses and helps organizations meet performance and conformance requirements. We are a consulting company working with different firms to meet its governance, risk and compliance (GRC) requirements. Through COBIT 5 framework, the organization can also have overall visibility on the performance. Organizations have several unique priorities that need to be addressed, however few critical issues common to most organizations are:
- Meeting regulatory requirement
- Optiming IT related risks
- Optimizing IT resource utilization
- Ensuring higher value from the investments in IT.
Business Beam, with its years of experience has devised effective consultancy and training services using COBIT 5 that brings all individual functions within IT into a common and integrated model. We also understand that one of the keys to successful implementation is choosing the right processes rather than blindly following the framework and later implementing it.
It is very critical to divide the improvement project into small phases as this helps the organization reap the benefits for long period of time.
Organizations that choose to utilize COBIT 5 can expect three key benefits: The first includes a direct impact on business performance, both operational and strategic. The second is minimization of risk, as Best practices and reliable processes help mitigate risks of investment, expenses, breached security, loss of service, inadequate infrastructure and unreliable data integrity. Lastly a regulatory environment is the biggest perk of implementing this framework. With the role of regulations increasing with growing influence of technology, COBIT 5 is just the right pick for your organization. Hence if you wish to keep ahead of rapidly changing regulations, Business Beam is right here for all the organizations interested in adapting and tailoring the guidance of COBIT 5 to their specific needs!