{"id":481,"date":"2020-06-18T08:00:16","date_gmt":"2020-06-18T08:00:16","guid":{"rendered":"https:\/\/www.trainingcreatively.com\/blog\/?p=481"},"modified":"2022-04-14T12:12:09","modified_gmt":"2022-04-14T12:12:09","slug":"what-are-the-5-principles-of-cobit-5","status":"publish","type":"post","link":"https:\/\/www.trainingcreatively.com\/blog\/what-are-the-5-principles-of-cobit-5\/","title":{"rendered":"What are the 5 principles of COBIT 5?"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">COBIT (<strong>Control Objectives for Information and Related Technology<\/strong>) is ISACA\u2019s framework on information technology governance and management. COBIT is respected as the global standard when it comes to governing and leading enterprise IT. Ever since COBIT introduced in 1996, this framework has been through several releases and iterations. The present volume, COBIT 5, is an important governance framework for professionals who are managing IT teams and information systems.\u00a0<\/span><\/p>\n<p><!--more--><\/p>\n<p><span data-preserver-spaces=\"true\">Training Creatively offers the\u00a0<\/span><a href=\"https:\/\/www.trainingcreatively.com\/cobit5-assessor-course\"><strong><span data-preserver-spaces=\"true\">COBIT 5 Assessor virtual training course\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">in\u00a0<\/span><strong><span data-preserver-spaces=\"true\">London\u00a0<\/span><\/strong><\/a><span data-preserver-spaces=\"true\">at very competitive prices. When you sign up for our online course, you get access to all the course materials for 180 days. From sample exams to exercises, podcasts, and quizzes, we provide all the materials to candidates that they need to pass the examination and make a better contribution to your organisations. Moreover, our online examination can be taken by candidates at any time and from anywhere. You can choose a place of your convenience, but make sure that you have access to a working computer or laptop, Internet connection, webcam, and microphone.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So, have you often wondered what is involved in COBIT 5? If you have, here is a summary of the vital principles of this framework.\u00a0<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Meeting the requirements of shareholders<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\"><strong>COBIT 5\u2019s first principle is catering to the stakeholders&#8217; demands or requirements<\/strong>. This principle encompasses the idea that organisations exist to create value for stakeholders, regardless of what the value might be. When you are making decisions regarding IT governance and management, you must consider how and which of your stakeholders benefit from your decisions. Also, you have to consider which stakeholders are taking the majority of the risks. COBIT 5 translates the wants of stakeholders into more flexible approaches and then maps them to specific enablers, including processes.\u00a0<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Comprehensive coverage<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">In the <strong>second principle, COBIT 5 integrates enterprise governance and IT governance<\/strong>. It includes all the resources (including processes) that utilised to manage technology and information. Considering the latest developments and views in the government and the integration of IT governance with organisational governance, COBIT 5 can combine both forms of governance at once. The overall IT services and business processes included in the COBIT 5 framework. The 4 important elements of this holistic or end-to-end approach are:<\/span><\/p>\n<ol>\n<li><span data-preserver-spaces=\"true\">Deciding the scope of the project<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The objective of governance with an emphasis on creating value<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The enablers, which can collectively or individually decide what is going to work<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Assigning responsibilities, roles, and activities<\/span><\/li>\n<\/ol>\n<p><span data-preserver-spaces=\"true\">By taking an overall approach and integrating the processes, COBIT 5 allows for more effective achievement of the organisation&#8217;s strategic, measurable objectives.\u00a0<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">The application of a single integrated framework<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The world of technology is continually evolving and growing. Also, there are increasing pressures from stakeholders, including suppliers and customers, to meet their diverse changing requirements. Together, this has led to a daunting task for enterprises to govern and manage their information and related technologies. The COBIT 5 tailorable framework allows enterprises to have an integrated framework (containing other relevant standards, methods, framework like PRINCE2, TOGAF, ISO 27001 etc) and this provides enterprise consistency and coverage. The reason why COBIT 5 maintains the position of a unified framework is due to the reasons below:<\/span><\/p>\n<ol>\n<li><span data-preserver-spaces=\"true\">COBIT 5 acts as an integrated source of direction for both non-technical and technical terms of language<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">With inputs from relevant frameworks, methods, and standards, COBIT 5 aligns all the governance and management activities with composing itself as the most unifying governance and management framework<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">COBIT 5 aligns itself with all the relevant frameworks and standards like, ISO and ITIL standards<\/span><\/li>\n<\/ol>\n<p><span data-preserver-spaces=\"true\">The single framework system of COBIT 5 remains relevant to the other frameworks used by an organisation.\u00a0<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">COBIT 5 enables a holistic approach<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">When making crucial decisions for the organisation, you need to have a complete view of the organisation, including the governance and management structures and processes. Effective governance and management of IT are facilitated by COBIT 5 using enablers.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><a href=\"https:\/\/www.trainingcreatively.com\/blog\/cobit5-training-and-certification-offers-lucrative-benefits\/\" target=\"_blank\" rel=\"noopener noreferrer\">COBIT 5 facilitates effective management and governance of IT<\/a> across the organisation using enablers. Enablers are the factors driving the outcome of activities that are governance and management related. Enablers can be applied across the entire organisation, including all the internal and external resources relevant to Enterprise IT governance and management.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>COBIT (Control Objectives for Information and Related Technology) is ISACA\u2019s framework on information technology governance and management. COBIT is respected as the global standard when it comes to governing and leading enterprise IT. Ever since COBIT introduced in 1996, this framework has been through several releases and iterations. The present volume, COBIT 5, is an &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.trainingcreatively.com\/blog\/what-are-the-5-principles-of-cobit-5\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;What are the 5 principles of COBIT 5?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cobit5-course"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What are the 5 principles of COBIT 5?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.trainingcreatively.com\/blog\/what-are-the-5-principles-of-cobit-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are the 5 principles of COBIT 5?\" \/>\n<meta property=\"og:description\" content=\"COBIT (Control Objectives for Information and Related Technology) is ISACA\u2019s framework on information technology governance and management. COBIT is respected as the global standard when it comes to governing and leading enterprise IT. Ever since COBIT introduced in 1996, this framework has been through several releases and iterations. 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