Framework Introduction Flashcards
How in COBIT is the business defined ?
As a customer from within any section of the business other than IT
When the framework mentions I & T rather than IT what does this mean ?
It relates to actvities to information and technology activities that are outside of the IT department. An example would be the procurement department buying a server on behalf of the IT department. It also covers all the processes and information that is generated by the enterprise.
What is meant by the term governance ?
All the rules and policies involved in make sure that IT systems are stable, robust, scalable and secure
What is enterprise governance of information technology ?
The specific governance relating to IT assets, it is exercised by a board that oversees the definition, implementation of processes and structures. Enables value from the investment into I & T enabled business investments.
If governance is the interplay between Enterprise IT, business alignment and value generation can you give an example ?
Enterprise IT can create a governance rule that accountancy software is available within business hours, this aligns with the business requirement to generate invoices electronically and thus generates value.
What are the three main outcomes from a successful adoption of Enterprise governance ?
- Benefits Realisation
- Risk Optimisation
- Resource Optimisation
What are some additional benefits of governance ?
- Greater trust between IT and business
- Alignment of digital investments and value for business
- Increased IT enabled innovation and capacity
- A shift towards a value mindset around digital assets
What is the distinction between governance and management ?
Governance sets the rules management implements and follows them
Who sets the General Governance stance of an enterprise ?
Boards of governors under the leadership of a chairperson. Specific governances can be delegated to specific structures within the organisation.
