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COBIT Control Objectives for Information and Related Technology is an international open standard that defines requirements for the control and security of sensitive data and provides a reference framework. COBIT provides a framework was introduced in 1990 by the Institute of IT governance. COBIT management guidelines, framework, control objectives, tools, and implementation guidance Summary of Audit. For audit purposes to measure the effectiveness of the security program and see the wide range of support is provided with a list of critical success factors. Has been revised several times since its inception in COBIT and upgrades on a regular basis will be published.
The successful organizations will use this knowledge of the benefits of information technology the understanding (IT) and shareholders value. They recognize the critical dependence of many business processes on IT increased regulatory compliance requirements and the need to adhere to the benefits of effective risk management.
Information and related Technology (COBIT) control purposes, a good strategy can help an organization to develop and maintain the standards of IT systems management framework. COBIT is a method used in many industries, in order to develop a systematic way to meet compliance with the law generally.
SWOT (or SWOT Matrix) analysis is a structured planning approach used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business. A SWOT analysis can be performed for a product, place, business or person. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective.
SWOT analysis enables companies to identify the factors that influence positively and negatively in and outside a company or organization. Aside from businesses, other organizations in areas such as community health and development and training have found wide use in its guidelines.
Boston Consulting Group Matrix (BCG)
The Boston Consulting Group (BCG) is a consulting firm with 78 offices worldwide management in 43 countries. It is one of the largest private companies in America. The company serves a consultant to many businesses, government agencies and institutions. The Boston Consulting Group (BCG) is a table that had been created by Bruce Henderson for the Boston Consulting Group in 1970 to help companies analyze their business units or product lines. This allows the company to allocate resources and is used as an analytical tool in brand building marketing, product management, strategic management, and portfolio analysis.
Porter's 5 Forces
Porter's Five Forces Analysis is an analysis of the industry and the development of business strategy framework. It is based on the organization (IO) industrial economy to take five forces that determine the competitive intensity and therefore attractiveness of a market. Attractiveness in this context refers to the overall profitability of the industry. An industry "appeal" is one in which the combination of these five forces is to reduce the overall profitability. A very attractive industry would be a "pure race" approach, there are gains for all companies brought to the normal profit. Three of Porter's five forces to competition from external sources. Leftovers are internal threats.
Net Present Value Analysis (NPV)
The net present value (NPV) of a time series of cash flows, both incoming and outgoing, is defined as the sum of the present value (PV) of the individual cash flows of the company. In the event that all future cash flows (such as coupons and principal of a bond), and the only outflow of cash is the purchase price, the NPV is simply PV of future cash flows, less the purchase price (which is its own PV). NPV is a central tool in the flow (DCF) analysis of discounted cash is a common method for using the time value of money in order to assess long-term projects. Used for capital budgeting, and widely used in economics, finance and accounting, it measures the excess or shortfall of cash flows, in present value terms, once financing costs are met.
Return on investment
The return on investment (ROI) is the concept of an investment of a resource that provides a benefit to the investor. As a performance measure, it is used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. In purely economic terms, it is a way to consider the benefits from the investment. In business, the goal is to "return on investment" metric measured by time, the return on the money invested in a business in order to decide whether to make an investment.
ROI measures and provides a snapshot of profitability, adapted to the size of the investment assets tied up in the business. ROI is often compared with the expected rate (or required) return on invested money. Complications in calculating ROI can occur when a property is refinanced or second mortgages are taken. Interest in a second, or refinanced, loan may increase, and the cost of borrowing can be charged at the time which may reduce ROI, then the new numbers used in the ROI equation. It may also be an increase in maintenance costs and property taxes, and increased utility rates, if the owner of a residential or commercial rental property pays these costs.
Balanced Scorecard is a strategic planning and management, which is often used in business, government, and nonprofit organizations worldwide to align activities to the vision and strategy for the organization, improve internal and external communications, and monitor organization performance against strategic goals. Balanced Scorecard (BSC) is a strategic tool for performance management - a semi-standard structured report, supported by the design methods and automation tools that managers can use to keep track of the implementation of activities of personnel under their supervision and monitoring of the impact of this measure . This is perhaps the best known of several such frameworks. Since its original incarnation in the early 1990s as a tool for performance measurement and BSC developed a framework for implementing an effective strategy. BSC Concept presented by MM. Robert S. Kaplan and David P. Norton is now considered an important foundation in the process of implementing the overall strategy, but that businesses should develop a strategy in terms of action, provides a roadmap for the implementation of the strategy for managers and employee engagement and alignment and an ongoing strategic process.
Weighted Scoring Model
The weighted scoring method, also called "weighting and scoring, is a form of multi-attribute or multi-criteria analysis. This includes the identification of all non-monetary factors (or" properties ") is for the project, the weights reflect the relative importance of each, and allocation of marks for each option to think about how they relate to each function. outcome is a single weighted score for each option, which can be used to view and compare all the performance options in non-monetary terms.
Kallman & Grillo's Ethical Framework
Identify facts, identify stakeholders
Identify key ethical issue
What is the issue?
Analyze alternative ethical solutions
What are the consequences?
Make decision & implement action
Decide how to act and justify decision
The ethical decision-making, Kallman and Grillo reduce three methods:
â€¢ selfishness, good for me, less of a problem for me
â€¢ utilitarian welfare group, less damage to the Group, and
â€¢ good for altruism, a little bad for me.
A number of frameworks exist to solve moral problems raised by it, including (Henry & Pierce, 1994) (Kallman & Grillo, 1996) (Liffick, 1995), and (Spinello, 1995). The key to solving an ethical dilemma is to use as much logic as possible in order to analyze the problem (Kallman & Grillo, 1996) approach.