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IT Value Management Emily Baumgartner, Justin Barry, Bryan Baker

(IT Governance Institute. (2013) www.itgi.org


Agenda

IT Value Management

IT Governance

COBIT

VAL IT

Q & A

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/

IT Governance: Five Focus Areas

(expertsmind.com. 2012). http://www.expertsmind.com/questions/cobit-41-framework-30114102.aspx

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?

IT Governance Institute (ITGI)

Founded in 1998

Increasing criticality of IT

Effective IT & Success

Research on IT governance


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

Comparison of COBIT & VAL IT


COBIT

COBIT (Control Objectives for Information and Related Technologies) Why was it created and what purpose does it serve?

COBIT

Definition: Learned in our SPOTLIGHT Governance Key Areas: Direct, Evaluate and Monitor Management Key Areas: Plan, Build, Run, and Monitor

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

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

COBIT Framework

Principles, policies and frameworks

Processes

Organizational structures

Culture, ethics and behavior

Information

Services, infrastructure and applications

People, skills and competencies

COBIT Life Cycles

COBIT 5 Implementation has 3 life cycles

Programme Management

Change Enablement

Continual Improvement Life Cycle

COBIT Goals

Goals Cascading

VAL IT


VAL IT Domains

VAL IT

Value Governance

Portfolio Management

Investment Management

Value Governance

Establish the governance framework

Provide strategic direction

Define the characteristics of portfolios

Improve value management

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

Investment Management

Identify business requirements

Analyze alternative approaches

Define each programme and document

Assign clear accountability and ownership

Manage each programme

Monitor and report

VAL IT Processes


VAL IT Management


VAL IT Maturity Model

Key Identifiers

Performance of the enterprise

Target for improvement

VAL IT Benefits

(Google Images. n.d.) http://www.google.com/imghp

Q & A

(Google Images. n.d.) http://www.google.com/imghp

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