COBIT® 5 was officially launched today and it would be interesting to see what the markets acceptance will be of the much broader scope of COBIT 5. With a subtext like “BUSINESS GOVERNANCE AND MANAGEMENT OF ENTERPRISE IT” the scope of COBIT 5 is quite ambitious!
Nothing wrong with the boarder scope – it is the right thing but essentially COBIT is now no longer an IT “thing” but a business “thing” and if business in general will embrace something written by IT people remains to be seen.
The new version was based on five key principles (no the 5 has nothing to do with the version – just a co-incidence), namely:
- 1.The framework needs to meet stakeholder needs
- 2.The frameworks needs to end-to-end and cover the whole enterprise
- 3.Its needs to be a single and integrated framework
- 4.Must be a holistic approach and
- 5.Must separate governance from management.
I think the framework has definitely meets the set principles for the development of COBIT 5and is the first attempt to develop a holistic governance framework. It will however take time for people to digest this ambitious scope of the new COBIT and whether it will be embraced by the whole enterprise remains to be seen.
I remain positive though about the success of COBIT 5 but as a member of the development workgroup – I suppose I’m not entirely unbiased.
To find out more about COBIT 5 go to http://www.isaca.org/COBIT/Pages/default.aspx
COBIT(r) is a regsitered trademark of the IT Governance Institute and ISACA.