COBIT 5.0 framework post September 2011

COBIT 5 Introduction

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The initiative charge from the Board of Directors is to “tie together and reinforce all ISACA knowledge assets with COBIT 5.”
COBIT 5 will be a major strategic improvement providing the next generation of ISACA’s guidance on the enterprise governance of IT. Building on the more than 15 years of practical usage and application of COBIT by many enterprises and users from the business, IT, security and assurance communities, COBIT 5 will be designed to meet the current needs of stakeholders and align with the most up-to-date thinking in enterprise governance and IT management techniques.
COBIT 5 will:

• Provide a renewed and authoritative governance and management framework for enterprise information and related technology, building on the current widely recognized and accepted COBIT framework, linking together and reinforcing all other major ISACA frameworks and guidance such as:
   – Board Briefing on IT Governance, 2nd Edition
   – Business Model for Information Security™(BMIS™)
   – IT Assurance Framework™ (ITAF™)
   – Risk IT Framework
   – Taking Governance Forward – Val IT™ Framework
• Connect to other major frameworks and standards in the marketplace (ITIL, ISO standards, etc.)

Initial deliverables:

• An enterprisewide, “end-to-end” framework will address governance and management of information and related technology.
• The framework structure will include familiar components, such as a domain/process model, governance/management practices, RACI charts and inputs/outputs.
• An initial COBIT 5 product architecture, will specify the types of “products” and other “guidance” that could be developed for specific IT professional audiences (e.g., ,assurance, security, risk) in support of enterprise business needs.

Moving forward:

• The Project Initiation Document for the development of the overarching COBIT 5 framework has been approved by the ISACA Board of Directors and design and development work is progressing.
• COBIT 5 is a major, high-profile, strategic initiative for ISACA. Validation of design (i.e., the public exposure of the draft design paper completed in April 2010) and development (i.e., the planned public exposure of the overarching framework product in Q2 2011) will take place to ensure ISACA remains on the right track to satisfy market needs.
• Communication activities are part of the work plans.
• There will be transition support for users of the current ISACA frameworks to use COBIT 5.
• ISACA’s valuable current framework content will not just disappear!

  COBIT 5 Update PowerPoint Presentation (941K)
  COBIT 5 Key Audience Messages (22K; for use in customizing the PPT)

COBIT 5 Initiative—Work Plan Overview

The main steps in the COBIT 5 initiative work plan are:

• Plan the initiative and obtain necessary approvals (completed)
• Design the overarching COBIT 5.0 framework and validate the design with the market
   – Design draft document Public Exposure, April 2010
   – Design workshop, May 2010
   – Finalize the overarching COBIT 5.0 framework design, May - July 2010
• Develop the contents for the overarching COBIT 5.0 framework publication
   – Development workshop, August 2010
   – Subject Matter Expert content reviews, October 2010 – April 2011 (including an exposure draft of the full publication)
   – Public exposure of draft framework, June – July 2011
   – Finalize the overarching COBIT 5.0 framework development, July – August 2011
• Prepare the developed materials for publication,  post September 2011

[Current work plan schedule – may be subject to change as the initiative progresses]