Introduction to COBIT Principles

COBIT Principles are important basis for the COBIT 2019 framework. A principle is a value which guides behavior or evaluation. Principles form the basis of our interactions and behavior. Similarly for the governance system.

COBIT 2019 has its basis on following sets of principles:

• Principles enlisting the core requirements of a governance system for I&T
• Principles to build a governance system for the organization

There are 6 governance system principles in COBIT 2019. The governance principle ensures assessment of the stakeholder needs as per organizational objectives. It also sets direction through prioritization and decision-making. This helps in performance monitoring and compliance against the set direction and objectives.

COBIT 2019 has  6 system principles for a governance system:

• Satisfy stakeholder needs and to generate value.
• Many components form to make a governance system
• The  governance system should be dynamic.
• There is difference amongst activities and structures for governance and management.
• Option of customization as per the organizational requirements.
• The governance system includes those organizational functions.

The three principles for a governance framework are

• The framework be based on a conceptual model.
• The framework should be open and flexible.
• The governance framework be aligned to relevant major related standards, frameworks and regulations.

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