COBIT stands for Control Objectives for Information and Related Technology. It is a framework created by the ISACA (Information Systems Audit and Control Association) for IT governance and management.
The COBIT business orientation includes linking business goals with its IT infrastructure by providing various maturity models and metrics that measure the achievement while identifying associated business responsibilities of IT processes. The main focus of COBIT 4.1 was illustrated with a process-based model subdivided into four specific domains, including:
Planning & Organization
Delivering and Support
Acquiring & Implementation
Monitoring & Evaluating
All of this is further understood under 34 processes as per the specific line of responsibilities. COBIT has a high position in business frameworks and has been recognized under various international standards, including ITIL, CMMI, COSO, etc. COBIT acts as a guideline integrator—merging all solutions under one umbrella.
Framework
IT helps in organizing the objectives of IT governance and bringing in the best practices in IT processes and domains while linking business requirements.
Process Descriptions
It is a reference model and also acts as a common language for every individual in the organization. The process descriptions include planning, building, running, and monitoring of all IT processes.
Control Objectives
This provides a complete list of requirements that have been considered by the management for effective IT business control.
Maturity Models
Accesses the maturity and the capability of every process while addressing the gaps.
Management Guidelines
Helps in better-assigning responsibilities, measuring performances, agreeing on common objectives, and illustrating better interrelationships with every other process.
References:
https://www.simplilearn.com/what-is-cobit-significance-and-framework-rar309-article