COBITs Benefits

The traditional brick and mortar firms have become extinct due to Economic Darwinism. If firms want to succeed they need to go online and embrace IT. Hence companies need to have an ITG plan to ensure the implementation, support and monitoring is done in an effective manner.

Whilst it is true that it can create a lot of work for an organisation to create an ITG plan, I believe there would be countless benefits attached to it.

All businesses need to:

• Align there IT and business goals
• Manage the risks of IT failure in there firm
• Know to have a hot or cold site as the back up system
• Monitor divergence between IT and Business goals ect

In essence it is clear to me without an ITG plan a business would be going blind into a maze of risks that they wouldn’t be able to recognise before damage occurs. Such a case is the QLD health fraud and payroll debacle. My dad was not paid for a week, due to the poor governance practises by the QLD government. It has also influenced my perceptions on how well the current government can preside over other such issues in the future.

Therefore ITG strategies are a lot of work for an organisation but is 100% necessary for success.