ISACA Issues COBIT 5 Governance Framework

Survey: 44% of Enterprises Worldwide Plan to Increase IT Investments in 2012

ROLLING MEADOWS, Ill. - Tuesday, April 10th 2012 [ME NewsWire]

(BUSINESS WIRE)-- ISACA today released COBIT 5, the only business framework for the governance and management of enterprise IT. The new version of COBIT promotes seamless continuity between an enterprise’s IT department and its overall business goals, and represents a major evolution of the globally accepted framework used worldwide for more than 15 years. The COBIT 5 framework is available from ISACA—a nonprofit global association of more than 95,000 IT governance professionals—as a free download at www.isaca.org/cobit.
According to a recent global survey of more than 3,700 IT professionals who are members of ISACA, nearly half of enterprises (44 percent) are planning to increase their IT-related investments selectively in the next 12 months, based on expected contribution to business value. The survey showed that 74 percent of executive teams consider information and technology to be very important to the delivery of the enterprise’s strategy and vision.
COBIT 5 provides globally accepted principles, practices, analytical tools and models to help business and IT leaders maximize trust in, and value from, their enterprise’s information and technology assets. More than 16,000 professionals preregistered for a copy. The previous version of COBIT was downloaded more than 100,000 times.
“The advance interest in COBIT 5 is overwhelming. It’s clear that enterprises everywhere are aggressively seeking guidance on how to manage and ensure value from the growing mountain of information and increasingly complex technologies they are grappling with,” said Derek Oliver, Ph.D., CISA, CISM, CRISC, CITP, FBCS, FISM, MInstISP, and co-chair of the COBIT 5 Task Force. “Information is the currency of the 21st century, and COBIT helps enterprises effectively govern and manage this critical asset.”
Using COBIT 5
COBIT 5 can be tailored for all business models, technology environments, industries, locations and corporate cultures. It can be applied to:
- Information security
- Risk management
- Governance and management of enterprise IT
- Assurance activities
- Legislative and regulatory compliance
- Financial processing or CSR reporting
According to the ISACA survey, in the past 12 months:

• 48% of responding enterprises experienced project overruns
• 41% experienced a high cost of IT with a low or unknown return on investment
• 38% said there was a disconnect between business and IT strategies
• 22% experienced a security breach
• 21% reported challenges related to mobile device security

“COBIT 5 offers a much-needed common vocabulary and processes to enlist stakeholders from across the organization—not just IT—in considering the impact of key business and technology issues such as cloud computing, mobile devices, BYOD (bring your own device), privacy and threats,” said John Lainhart, CISA, CISM, CGEIT, CRISC, CIPP/G, past international president of ISACA and co-chair of the COBIT 5 Task Force. “Most people wouldn’t venture into a major storm without protective gear like an umbrella. Yet, that’s what enterprises do every day when they leave their technology assets unprotected.”
Principles and Enablers
This significant update of the COBIT framework simplifies governance challenges with just five principles and seven enablers. COBIT 5 integrates other approaches and standards, including TOGAF, PMBOK, Prince2, COSO, ITIL, PCI DSS, the Sarbanes-Oxley Act and Basel III.
COBIT 5 is a free download at www.isaca.org/cobit. ISACA also today released COBIT 5: Enabling Processes (free to ISACA members and US $134 for nonmembers) and COBIT 5 Implementation (free to ISACA members and US $50 for nonmembers), which help users apply the guidance. Print editions are available for purchase from the ISACA Bookstore (www.isaca.org/bookstore). Full survey results are at http://COBIT5presskit.isaca.org.
Editors Note
Infographic, survey results and video are at http://COBIT5presskit.isaca.org.
ISACA
With 95,000 constituents worldwide, ISACA (www.isaca.org) provides knowledge, certifications, and education on information systems assurance and security, enterprise governance and management of IT, and IT-related risk and compliance. Founded in 1969, ISACA offers the CISA®, CISM®, CGEIT® and CRISC™ designations. ISACA developed COBIT 5, a business framework for the governance and management of enterprise IT.
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ISACA Knowledge Center: www.isaca.org/knowledge–center
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