What is COBIT?

COBIT is a best-practice framework created by the international professional association

ISACA for information technology (IT) management and IT governance.

COBIT provides an implementable "set of controls" over information technology and

organizes them around a logical framework of IT-related processes and enablers.
 
It is positioned at a high level and has been aligned with other, more detailed IT standards
and good practices such as ITIL, ISO 27000, TOGAF, and PMBOK. However, COBIT is
known to provide a mile-wide and inch-deep approach towards creating interfaces between
all these individual frameworks. It creates a blanket organizational framework to manage
these domains through a holistic approach.

How to Implement an IT Governance Strategy using COBIT Framework

An efficient IT team within an organization is imperative to manage transactions,
information, and knowledge necessary to promote financial growth and higher productivity.
While many organizations across the globe recognize the value an efficient IT team
delivers, a successful Enterprise also works towards optimizing and continually improving it.
A few common pain areas for organizations using IT are:

 Aligning IT strategy with the business strategy

 Cascading strategy and goals down into the enterprise
 Providing organizational structures that facilitate the implementation of strategy and
goals
 Insisting that an IT control framework be adopted and implemented
 Measuring IT performance

How does COBIT work?

COBIT is the only business framework for the governance and management of enterprise
IT. This evolutionary version incorporates the latest thinking in enterprise governance and
management techniques. It provides globally accepted principles, practices, analytical tools,
and models to help increase the trust in, and value from, information systems. COBIT builds
and expands on COBIT 4.1 by integrating other major frameworks, standards, and
resources, including ISACA's Val IT and Risk IT, Information Technology Infrastructure
Library (ITIL®), and related standards from the International Organization for
Standardization (ISO).
For a successful implementation of COBIT 2019 within an Enterprise, a combination of the
listed objectives must be used.  A specified set of 40 objectives becomes the heart of
COBIT 2019. These objectives are to be fulfilled if the enterprise goals are to be achieved.
These objectives are further bifurcated into governance and management objectives,
ensuring that the Boards & executive management undertake the governance processes
while management implements management processes, respectively.
 
Governance and Management Objectives in COBIT 2019
COBIT separates the process design activity by segregating it as follows:

 Governance objectives are grouped in the Evaluate, Direct, and Monitor (EDM) In

this domain, the governing body evaluates strategic options, directs senior
 management on the chosen strategic options, and monitors the achievement of the
strategy.
 Management Objectives are grouped into four domains:
o Align, Plan and Organize (APO) addresses the overall organization,
strategy, and supporting activities
o Build, Acquire and Implement (BAI) treats the definition, acquisition, and
implementation of solutions and their integration in business processes
o Deliver, Service and Support (DSS) addresses the operational delivery and
support of services, including security
o Monitor, Evaluate and Assess (MEA) addresses performance monitoring
and conformance with internal performance targets, internal control objectives
and external requirements

However, to satisfy governance and management objectives, each enterprise needs to

establish, tailor, and sustain a governance system built from several components. These
components are factors that, individually and collectively, contribute to the proper
operations of the enterprise's governance system.

Reference: 
 
White, S. K. (2019, January 15). What is COBIT? A framework for alignment and
governance. CIO. https://www.cio.com/article/3243684/what-is-cobit-a-framework-for-
alignment-and-governance.html