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Learn the differences between COBIT® 4.1 and COBIT® 5

Over the last decade, the COBIT framework has undergone multiple evolutions as it adapts to the needs of a changing marketplace.

The white paper front cover

In ISACA’s white paper on the differences between COBIT 4.1 and COBIT 5, they explain why upgrading to the most recent version of COBIT provides enterprises with numerous benefits unavailable in past releases.

The original COBIT and later its 2nd edition from 1998 were known as IT audit and control frameworks. The focus was placed on control objectives. In 2000, COBIT’s 3rd edition debuted as an IT management framework, featuring newly added management guidelines. When COBIT 4.0 and COBIT 4.1 were released in 2005 and 2007, respectively, more adjustments were made. The assurance processes were removed. In return, governance and compliance processes were added, making COBIT 4.1 an IT governance framework.

COBIT 5, launched by ISACA and APMG represents a culmination of these previous releases, as well as the incorporation of numerous other standards and frameworks, into the ultimate framework for the governance and management of enterprise IT.

COBIT 5 Governance Objective: Value Creation

The paper explains that the development of COBIT 5 was driven by the central concept of Value Creation: Enterprises exist to create value for their stakeholders. Consequently, any enterprise—commercial or not—will have value creation as a governance objective. Value creation means: Realizing benefits at an optimal resource cost while optimizing risk.

Meeting Stakeholder Needs through the Goals Cascade

They observe that once stakeholder needs have been recognized, those needs must be transformed into an enterprise’s strategy. The COBIT 5 goals cascade translates stakeholder needs into specific, practical and customized goals within the context of the enterprise, IT-related goals and enabler goals.

The full white paper can be downloaded here and goes on to highlight full details of all the changes, as well as to how you can make the Business Case for COBIT 5 in Your Enterprise.

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