Definition

COBIT

COBIT  is a framework for developing, implementing, monitoring and improving information technology (IT) governance and management practices.

The COBIT framework is published by the IT Governance Institute and the Information Systems Audit and Control Association (ISACA). The goal of the framework is to provide a common language for business executives to communicate with each other about goals, objectives and results. The original version, published in 1996, focused largely on auditing. The latest version, published in 2013, emphasizes the value that information governance can provide to a business' success. It also provides quite a bit of advice about enterprise risk management.

The name COBIT originally stood for "Control Objectives for Information and Related Technology," but the spelled-out version of the name was dropped in favor of the acronym in the fifth iteration of the framework.

COBIT 5 is based on five key principles for governance and management of enterprise IT:

   Principle 1: Meeting Stakeholder Needs
   Principle 2: Covering the Enterprise End-to-End
   Principle 3: Applying a Single, Integrated Framework
   Principle 4: Enabling a Holistic Approach
   Principle 5: Separating Governance From Management

See also: IT controls

This was last updated in September 2013
Posted by: Margaret Rouse

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