COBIT Flashcards
COBIT objectives
business governance information IT resources Domains and processes
business objectives
effective decision support, efficient transaction processing, compliance with either reporting requirements or info security
governance objectives
strategic alignment value delivery resource management risk management performance measurement
information criteria
ICE RACE
Integrity
Confidentiality
Efficiency
Reliability
Availability
Compliance
Effectiveness
integrity
includes accuracy, completeness, and validity
confidentiality
protection of sensitive information
efficiency
delivery of information through optimal use of resources
low cost w/o compromising effectiveness
reliability
reliable information represents what it purports to represent and is appropriate to operating the entity
availability
includes providing current and future information as required, and safeguarding of info resources
compliance
info must comply with policies, laws, regulations, and contractual arrangement
effectiveness
effective information is relevant or pertinent to a business process, and delivered in timely, correct, and useful matter
IT resources
applications, information, infrastructure, people
domains and processes of COBIT
PO (plan and organize)
AIDS (acquire and implement; deliver and support)
ME(monitor and evaluate)
economic value added
after tax income in excess of required return.
After tax income - Cost of capital
