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Achieving Business Benefits Realization using COBIT® 5

Date  to be confirmed

This one-day course provides guidance to IT and business executives and managers seeking to improve business benefits realization in their organization. In parallel with practitioner guidance found in COBIT 5 for Security, COBIT 5 for Risk, and COBIT 5 for Assurance, this course addresses guidance specifically for business benefits realization, and leverages COBIT 5 as a comprehensive framework for governance and management in enterprises.

Why Benefits Realization of IT-enabled investments is a Strategic Imperative and the use of COBIT 5

In a 2008 study on benefits realization, researchers have found that, in the majority of enterprises surveyed (57 percent), less than half of the change initiatives undertook delivered the expected business benefits.[1] This conclusion is consistent with earlier studies which show that that the majority of IT-enabled initiatives are judged to be unsuccessful. Clearly there is an underlying message that the effectiveness of business benefits realization could be improved; and with COBIT 5 as the business-IT governance and management framework of choice, we can expect better practices and better outcomes.

The subject of business benefits improvement of IT-enabled investments has long been on the interest list of business executives and managers, but has been somewhat overshadowed by the pre-dominance of “keep the lights-on” or KTLO share of the IT budget. Now, thanks to recent developments to boost IT productivity (cloud computing, DevOps, Agile/Lean etc.), the KTLO share has been dramatically reduced to make room for more business-focused IT-enabled investments. This gives rise to the imminent rise in significance of improved practices and outcomes in this area. One indication of this is the dozen or so books and research published for this area just in the past 5 years.

Learning Objectives

At the conclusion of this course, participants will be able to:

  • Apply the 5 principles of COBIT 5 to the enterprise goal of Business Benefits Realization
  • Understand how to use COBIT 5 Enablers for instituting and improving Business Benefits Realization
  • Assess Business Benefits by using best-practice approaches
  • Implement/Improve Business Benefits Realization in organizations using best-practices approaches

Course Outline

There are key challenges faced by organisations in the pursuit of Business Benefits Realisation. This workshop attempts to introduce participants to utilise COBIT 5 concepts as tools to work towards better Business Benefits Realisation.

This workshop comprises the following:

Module 1: Setting context with COBIT 5, Value Management & Health Check 

Module 2: Using COBIT 5’s Goal Cascade as a Road-mapping tool

Module 3: Business Benefits Realization-relevant Process Assessment to Define Gaps

Module 4: Remediating Process Gaps with the help of Best Practices

Module 5: Two methods of Assessing Business Benefits

Module 6: Implement Considerations

Module 7: Summary and Take-away

 

Who should attend? 
Business Management, Chief Executives, IT/IS Auditors, Internal Auditors, Information Security and IT Practitioners, Consultants

Course Fee
S$321 (inclusive of 7% GST)

Course Leader
Mr. Sushil Chatterji
Director & Principal Consultant of Edutech Enterprises

 

Download the application form



[1] Benefits Management: How to Increase the Business Value of Your IT Projects 2nd Edition, John Ward and Elizabeth Daniel, 2012 Wiley & Sons.