Week 1 - ITGC

To meet its corporate plan, it is essential for an organisation to put in place three elements; the people, finance and a properly designed IT system. Whether it is online trading, data storage, communications or simply computerised bookkeeping, IT is a major aspect, and so, I believe, it needs to be controlled and governed accordingly.  In order to do so, a governance framework such as COBIT is important and useful to aid in proper set-up and implementation of IT strategies. Indeed, the goals set out in COBIT are to ensure that the enterprise’s IT sustains and extends the organisation’s strategies and objectives.

COBIT provides users with a framework; a set of practices, guidelines and measures that, when implemented, aim to benefit the companies IT systems across five different areas:

1.      Strategic Alignment – Aligning IT with organisation as a whole

2.      Value Delivery – Enables the business and maximises benefits

3.      Risk Management – IT risks are managed appropriately

4.      Performance Measurement – Accurate feedback on operations

5.      Resource Management – IT resources are managed appropriately

 

As you can see, a proper IT system such as COBIT will encompass all areas of IT with the forefront goal of aligning IT operations to benefit the organisation as a whole, and help meet plans and objectives.

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