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Modern organizations understand the benefits of information technology (IT) and use their IT resources to drive their shareholders’ value. They recognize the critical dependence on IT, the need to comply with regulatory compliance demands and the paybacks of handling risk effectively. This is where IT Consultancy comes to give these organizations the needed boost towards the right and effective way to manage their resources.

COBIT Framework

COBIT 4.1 is an IT governance framework and supportive toolset that allows executives to link the gap between control requirements, technical concerns and business risks. COBIT enables clear policy improvement and good practice for IT control all over organizations. COBIT highlights regulatory compliance, helps organizations to increase the value achieved from IT, enables orientation and simplifies application of the COBIT framework.

The Risk IT Framework

In business today, risk plays a serious role. Almost every business choice requires directors and managers to balance risk and return. Successfully managing the business risks is vital to an enterprise’s success.

Risk IT is a framework based on a set of regulatory principles for effective handling of IT risk. The framework complements COBIT®. While COBIT offers a set of controls to moderate IT risk, Risk IT provides a framework for enterprises to recognize, govern and manage IT risk. Simply put, COBIT offers the means of risk management; Risk IT provides the ends. Enterprises who have implemented (or are planning to implement) COBIT as their IT governance framework can use Risk IT to improve risk management.

Val IT Framework

Val IT is a governance framework that involves a set of directorial principles, and a number of processes compliant to those principles that are extra defined as a set of vital management practices.

The Val IT framework will be supported by publications and operational tools and provides help to:

1. Describe the relationship between IT and the business and those roles in the organization with governance responsibilities;

2. Handle an organization's portfolio of IT-empowered business investments; and

3. Exploit the quality of business cases for IT- empowered business investments with specific stress on the definition of key financial KPIs, the quantification of "soft" benefits and the complete appraisal of the downside risk.

Val IT addresses assumptions, costs, risks and outcomes related to a balanced portfolio of IT- empowered business investments. It also delivers benchmarking ability and allows organizations to exchange experiences on best practices for value management.

 
 
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