ISO 38500- International IT Governance Standard Quiz

ISO 38500: The International IT Governance Standard

• ISO/IEC 38500:2015 is the international standard for corporate governance of IT, providing principles, definitions, and a high-level framework for organizations to align their use of IT with organizational decisions and meet legal, regulatory, and ethical obligations.

IT Governance Frameworks

• COBIT: a framework for IT governance and management, released in 2012, helping organizations meet business challenges in regulatory compliance, risk management, and aligning IT strategy with organizational goals.
• FAIR: a risk management framework by the Open Group, enabling organizations to analyze, measure, and understand risk.
• ITIL: a set of detailed practices for IT Service Management, focusing on aligning IT services with business needs.
• CMMI: a process and behavioral model, helping organizations streamline process improvement and encourage productive, efficient behavior.
• COSO: a system used to establish internal controls to be integrated into business processes.

IT Governance Benefits

• Helps in IT and business strategy alignment.
• Facilitates IT strategic planning and conversion of strategic goals into IT projects.
• Assists in project management, compliance, and governance.
• Manages IT risks.

IT Governance Process

• Evaluating: reviewing past business performance, future imperatives, and current and future operating models and environment.
• Directing: establishing strategies, policies, and controls.
• Monitoring: performance and compliance against agreed-on directions, regulations, and objectives.

Key Governance Roles and Responsibilities

• Board of Directors: responsible for the organization's governance, including IT architecture governance, IT process governance, and IT control objectives.

COBIT 2019 Principles

• Six principles for a governance system:
  • Meet stakeholder needs.
  • Holistic approach.
  • Dynamic governance system.
  • Distinct governance from management.
  • Tailored to enterprise needs.
  • End-to-end governance system.

COBIT 2019 Key Points

• Provide stakeholder value.
• Holistic approach.
• Dynamic governance system.
• Governance distinct from management.
• Tailored to enterprise needs.
• End-to-end governance system.

SBS Information System Operation and Maintenance

• Objectives: IT professionals can prioritize or ignore objectives based on stakeholders' needs.
• Design factors: include strategic, contextual, and tactical factors that help define an organization's requirements.
• Domains: objectives are categorized into specific domains that map to various business processes.
• Goals cascade: defines the connection between business goals and requirements.