Cobit, balanced scorecard, and ITIL frameworks

Cobit, BSC and ITIL

The Control Objectives for Information and Related Technology (COBIT) is a wide-ranging support for supervising risk and managing of information technology (it), consisting of four (4) domains, thirty four (34) it processes and three hundred eighteen (318) detailed controlled objectives. For it to be successful in delivering against business requirements, management should put an internal control system in place and contribute to it needs by linking business requirements, identifying major it resources, organizing major it activities and defining the management's control objectives. COBIT's bottom line is to ensure that it funds are spent on business outcomes.

The Balanced Score Card was originated by Drs. Robert Kaplan and David Norton as a performance capacity framework. It is a premeditated planning and executive system which gives the management a balanced view of the organizational performance and transform a company's vision and plan into completion. Working from the financial, customer, business process and learning and growth perspective, each major unit in an organization often establishes its own scorecard which in turn will eventually integrate with the others to form the organization's complete balanced scorecard.