7 July, 2010 - ISACA, a global association of more than 86,000 IT assurance, security and governance professionals, received nearly 3,000 comments from more than 600 business and IT professionals during the first public exposure period for the draft design paper of COBIT 5, which will be a major evolution of the COBIT framework, incorporating the latest governance and management guidance.
"COBIT 5 will be a significant strategic extension of the existing version, providing the next generation of ISACA's guidance on the enterprise governance of IT," said Derek Oliver, Ph.D., CISA, CISM, FBCS, FISM, co-chair of the COBIT 5 Task Force. "Building on more than 15 years of practical use and application of COBIT by enterprises around the world, COBIT 5 will align with the most up-to-date thinking in governance and IT management techniques."
More than 92 percent of respondents reported that the proposed updates to COBIT would be valuable or very valuable.
"The significance of information and related technology is increasingly recognized in every aspect of business and public life. As a result, the need to drive more value from IT investments and manage an increasing array of IT-related risks has never been greater," said Dirk Steuperaert, CISA, CGEIT, member of the COBIT 5 development team. "COBIT 5 will provide complete and easily navigable guidance to help enterprises effectively govern their IT, as well as comply with increasing legal, regulatory and contractual obligations."
COBIT 5 will consolidate and integrate the COBIT 4.1, Val IT 2.0 and Risk IT frameworks, and will also draw from ISACA's IT Assurance Framework (ITAF) and the Business Model for Information Security (BMIS). It will continue to map with frameworks and standards such as ITIL, ISO, PMBOK, PRINCE2 and FFIEC.
When asked which topics merit additional guidance in the upcoming version, the respondents said that a greater focus on the following would be most valuable:
- IT strategic alignment
- Information management
- Performance measurement
"The collaborative development process and input from experienced IT and business leaders around the world are a very important part of what makes COBIT so useful and respected," said John Lainhart, CISA, CISM, CGEIT, co-chair of the COBIT 5 Task Force. "This global participation helps ISACA to develop internationally recognized guidance that enables all key areas of the enterprise to be engaged in the governance of IT, leading to a more effective and efficient organization."
While the design exposure period has closed, the COBIT 5 Design Paper exposure draft remains available at www.isaca.org/cobit5. A further exposure is planned for the first quarter of 2011 to obtain public feedback on the content developed to support the design.