it value management - muskingum universitymisstserver.misst.muskingum.edu/egedert/512_papers/it...it...
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IT Value Management Emily Baumgartner, Justin Barry, Bryan Baker
(IT Governance Institute. (2013) www.itgi.org
(IT Governance Institute. (2013) www.itgi.org
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Agenda
IT Value Management
IT Governance
COBIT
VAL IT
Q & A
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IT Value Management
What does value mean for an enterprise?
Measurable benefit
How is value measured?
Strategy enablement
Risk and compliance
Innovation
An ongoing process
(Metri. N.d.). www.metrigroup.com/advisory/value-management/
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IT Governance: Five Focus Areas
(expertsmind.com. 2012). http://www.expertsmind.com/questions/cobit-41-framework-30114102.aspx
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IT Governance: Strategy Implementation
Expectations for IT are met
IT performance is measured
Resources are managed
Risks are mitigated
IT is essential
Understand issues and strategic importance of IT
Ensure enterprise can sustain ITs operations
How can enterprise benefit from IT Governance?
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IT Governance Institute (ITGI)
Founded in 1998
Increasing criticality of IT
Effective IT & Success
Research on IT governance
(IT Governance Institute. (2013) www.itgi.org
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COBIT & Val IT: A Synergistic Relationship
COBIT
Are we doing them the right way?
Are we getting them done well?
Val IT
Are we doing the right things?
Are we getting the benefits?
(ISACA. 2008) http://www.isaca.org/Knowledge-Center/Research/ResearchDeliverables/Pages/Val-IT-Framework-2.0.aspx
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Comparison of COBIT & VAL IT
(ISACA. 2008) http://www.isaca.org/Knowledge-Center/Research/ResearchDeliverables/Pages/Val-IT-Framework-2.0.aspx
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COBIT
COBIT (Control Objectives for Information and Related Technologies) Why was it created and what purpose does it serve?
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COBIT
Definition: Learned in our SPOTLIGHT Governance Key Areas: Direct, Evaluate and Monitor Management Key Areas: Plan, Build, Run, and Monitor
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COBIT Components
Components in COBIT 5:
Framework
Process Descriptions
Control Objectives
Management Guidelines
Maturity Models (Iowa State. (n.d.) http://www.internalaudit.iastate.edu/internal-controls/cobit
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COBIT Principles
COBIT Principles (ISACA.ORG)
Principle 1: Meeting Stakeholder Needs
Principle 2: Covering the Enterprise End-to- End
Principle 3: Applying a Single, Integrated Framework
Principle 4: Enabling a Holistic Approach
Principle 5: Separating Governance from Management
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COBIT Framework
Principles, policies and frameworks
Processes
Organizational structures
Culture, ethics and behavior
Information
Services, infrastructure and applications
People, skills and competencies
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COBIT Life Cycles
COBIT 5 Implementation has 3 life cycles
Programme Management
Change Enablement
Continual Improvement Life Cycle
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COBIT Goals
Goals Cascading
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VAL IT
(ISACA. 2008) http://www.isaca.org/Knowledge-Center/Research/ResearchDeliverables/Pages/Val-IT-Framework-2.0.aspx
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VAL IT Domains
VAL IT
Value Governance
Portfolio Management
Investment Management
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Value Governance
Establish the governance framework
Provide strategic direction
Define the characteristics of portfolios
Improve value management
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Portfolio Management
Establish and manage resource profiles
Define investment thresholds
Evaluate, prioritize, and select, defer, or reject new investments
Manage and optimize the overall investment portfolio
Monitor and report on portfolio performance
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Investment Management
Identify business requirements
Analyze alternative approaches
Define each programme and document
Assign clear accountability and ownership
Manage each programme
Monitor and report
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VAL IT Processes
(ISACA. 2008) http://www.isaca.org/Knowledge-Center/Research/ResearchDeliverables/Pages/Val-IT-Framework-2.0.aspx
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VAL IT Management
(ISACA. 2008) http://www.isaca.org/Knowledge-Center/Research/ResearchDeliverables/Pages/Val-IT-Framework-2.0.aspx
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VAL IT Maturity Model
Key Identifiers
Performance of the enterprise
Target for improvement
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VAL IT Benefits
(Google Images. n.d.) http://www.google.com/imghp
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Q & A
(Google Images. n.d.) http://www.google.com/imghp
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References
ExpertsMinds.com. (2012, August 25). Cobit 4.1 framework, management information systems. Retrieved from ExpertsMind.com: http://www.expertsmind.com/questions/cobit-41-framework-30114102.aspx
Google Images. (n.d.). Google Images. Retrieved from Google Images: http://www.google.com/imghp
Faulkner, M. (June 5, 2012). A case for introducing value management in your organization. Retrieved from http://www.the-decisionfactor.com/performance-management/a-case-for-introducing-value-management-in-your-organization/
Iowa State COBIT [Graphic Illustration on the COBIT framework] COBIT 5. http://www.internalaudit.iastate.edu/internal-controls/cobit
ISACA. (2008, July). ISACA. Retrieved from VAL IT Framework 2.0: http://www.isaca.org/Knowledge-Center/Research/ResearchDeliverables/Pages/Val-IT-Framework-2.0.aspx
ISACA. (2008a, July). ISACA. Retrieved from Getting Started with Value Management: http://www.isaca.org/Knowledge-Center/Research/Documents/ValIT-GettingStarted-Jul-2008.pdf
ISACA. (n.d.). Cobit 5: A business framework for the governance and management of enterprise it. Retrieved from http://www.isaca.org/cobit/pages/default.aspx
ISAKA. (n.d.). Cobit 5: A business framework for the governance and management of enterprise it . Retrieved from http://www.isaca.org/cobit/pages/default.aspx
ITGI. (2013). www.itgi.org. Retrieved from IT Governance Institute: http://www.itgi.org/
ITGI. (n.d.). [Graphic illustration on the process of IT governance]. IT Value Management. http://www.itgi.org/template_ITGI194d.html?Section=Process&Template=/ContentManagement/HTMLDisplay.cfm&ContentID=19660
Maes, K. (November 26, 2010). IT value management. Retrieved from http://www.slideshare.net/Kim_Maes/the-development-of-an-it-value-management-framework
Metri. (n.d.). [Graphic illustration on IT Value Management]. Value Management. Retrieved from http://www.metrigroup.com/advisory/value-management/
Salle, M. (June 2, 2004). IT service management and IT governance. HP Tech Reports. Retrieved from https://www.hpl.hp.com/techreports/2004/HPL-2004-98.pdf