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IT value Frameworks- VAL-IT COBIT 5 and KPMG
- 1. Prepared By -Shwetha Bhat -14030141029 (MBA-IT 2014-16) IT Value Framework
- 2. VAL-IT Comprehensive and pragmatic organising framework that enables the creation of business value from IT-enabled investments. provides direct support to executives at all management levels across both business and IT organisation Val IT and COBIT: A Synergistic Relationship Four ARE’s
- 3. Concept of Value Meeting the expectations of stakeholders and the resources used to do so Stakeholders may hold differing views of what represents value. Clearly define and communicate its view of what constitutes value, and to whom Select and execute investments Manage its assets and optimise value with an affordable use of resources and an acceptable level of risk
- 4. Other Areas Strategic alignment Risk management Resource management Performance measurement
- 5. IT value Matrix 130 components Key Practice Areas Stakeholder Alignment Communication CIO
- 8. 7 PRINCIPLES In tandem with the Matrix, the CIO executive council developed "Seven Keys to IT Leadership" 1. The primary goal of IT is to align with major enterprise objectives. Every initiative must be clearly tied in a provable way to business value.
- 9. 2. Because all major business initiatives are dependent upon technology, the CIO must have a voice at the table at which key business decisions are made.
- 10. 3. The CIO is responsible for understanding a business’s complexities, influencing peers and presenting technology strategy in terms the business can understand.
- 11. 4. Technology leaders are agents of change. Transition is our stable state.
- 12. 5. Communication and relationship building are as important to IT leadership as technology skills are.
- 13. 6. Successful technology leadership must strike a balance between competing forces: short-term versus long-term, technology versus business focus, leading versus enabling.
- 14. 7. The CIO is responsible for cultivating technology leadership at all levels
- 15. KPMG -TBM TBM means putting value first — to match and enable business strategy
- 17. Other IT value frameworks IMB- IT value framework IT-CMF’s Innovation Value framework
Editor's Notes
- VAL ITfundamental IT governance-related questions (figure 3): ‘Are we doing the right things?’ and ‘Are we getting the benefits? COBIT, on the other hand, takes the IT view, helping executives focus on answering the questions ‘Are we doing them the right way?’(the architecture question) and ‘Are we getting them done well?’
- Released as of 20012 under ISACA Principle 1. Meeting Stakeholder Needs Enterprises exist to create value for their stakeholders Who receives the benefits? Who bears the risk? What resources are required? Principle 3. Applying a Single Integrated Framework: COBIT 5 aligns with the latest relevant other standards and frameworks used by enterprises overarching governance and management framework integrator. Principle 4. Enabling a Holistic Approach Driven by the goals cascade, i.e., higher-level IT-related goals define what the different enablers should achieve