IT Governance and COBIT framework
Professor Joseph Costantini
May 18, 2014
What is the relationship between IT execution and IT governance?
IT execution and IT governance are both related to the development of Information Technology. The differences among the two terms are their purpose and process. IT execution is a phase in IT development where IT governance is policies and rules to a project. In other word, IT governance is a whole single identity while IT execution is a step in a project. We will go further detail of the different of the two terms. But first, we will elaborate the term IT execution and IT governance.
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These measurement, policy, standards and control mechanisms must be enforced, monitor, and follow up on (Magee, 2008).
Combining IT execution and IT governance together, Governance is the rules, policies, responsibility and authority for accomplishing the executive phase of a project or event. Governance does not only apply to the executive phase but for the other phases of the the project such as analyzing, planning, testing, and monitoring. Governance insures that the project is exacted as planned. This includes the time deadline, the resources use, documenting activities, and the condition of the results (Project Execution Phase, n.d.).
In IT execution, the governance states the role and responsibility. For example, the roles for a project might include the project manager, project teams, vendors, executive management, and other needed positions. Responsibility for each role varies. For example for a project manager, his/her responsibilities might be project plans, processes, and managing the execution of the project. While for team members, responsibilities could be executing, documenting, and testing. Vendors on the other hand could be supporting and servicing the project (Project Execution Phase, n.d.).
IT governance also includes standard, guidelines and policies of the IT selection of the project. This provides the infrastructure for the project. Guidelines outline the policy for solicitation, source selection, and contract administration (Project Execution Phase, n.d.). Policy is used to support the management of the information technology project regarding to management principles, tools, and methods. Governance is used to promote control of the IT project by reducing risks and increasing project success (VirginiaTech, 2006).
Describe how the COBIT framework institutes mechanisms to control IT risk.
Control Objectives for Information and related Technology (COBIT) is used to support IT Governance. It sets framework for organization to ensure that the IT is working effectively such as to minimizing risks while maximizing performance. Most importantly, it is used to result the issues such as mandated control requirements, the myriad of IT issues and organizational business risks. COBIT is a sets tool such as measures, indicators, processes and best practices for managers, auditors, and IT users to reduce information technology risks, perform auditing and meet the organization's business objectives (Keller, n.d.).
COBIT’s framework assist governance or the control of IT risk in many way. First of all, COBIT helps information technology to perform and meet the business plans, goals and objectives. COBIT also establishes awareness of information technology risks and procedure to...