The purpose of COBIT is to provide management and business process owners with an information technology (IT) governance model that helps in delivering value from IT and understanding and managing the risks associated with IT.
COBIT has been introduced by ISACA, initially in 1996. The latest version, COBIT 2019 is released in December 2018 (Timeline). COBIT target audience are internal stakeholders (such as Boards, Executive Management, Business Managers, IT Manager, Assurance Providers, Risk Management) as well as external stakeholder (Regulators, Business Partners, IT Vendors).
There are seven phases that comprise the COBIT implementation approach:
- What are the drivers?
- Where are we now?
- Where do we want to be?
- What needs to be done?
- How do we get there?
- Did we get there?
- How do we keep the momentum going?
The COBIT implementation approach is summarized in the picture at the right.