COBIT 5 brings together the five principles that allow the enterprise to build an effective governance and management framework based on a holistic set of seven enablers that optimizes information and technology investment and use for the benefit of stakeholders.
Simply stated, COBIT 5 helps enterprises create optimal value from IT by maintaining a balance between realizing benefits and optimizing risk levels and resource use.
COBIT 5 enables information and related technology to be governed and managed in a holistic manner for the entire enterprise, taking in the full end-to-end business and functional areas of responsibility, considering the IT-related interests of internal and external stakeholders.
The COBIT 5 principles and enablers are generic and useful for enterprises of all sizes, whether commercial, not-for-profit or in the public sector.
Governance ensures that enterprise objectives are achieved by evaluating stakeholder needs, conditions and options; setting direction through prioritization and decision making; and monitoring performance, compliance and progress against agreed-on direction and objectives (EDM).
Management plans, builds, runs and monitors activities in alignment with the direction set by the governance body to achieve the enterprise objectives (PBRM).
ITIL provides guidance to service providers on the provision of quality IT services, and on the processes, functions and other capabilities needed to support them.
ITIL is used by many hundreds of organizations around the world and offers best-practice guidance to all types of organization that provide services.
The ITIL framework is based on the five stages of the service lifecycle. This guidance includes key principles, required processes and activities, organization and roles, technology, associated challenges, critical success factors and risks.
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