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Implementing COBIT 5 Framework as a mechanism of IT Governance: A Case study of Road Fund Administration

   

Added on  2023-04-08

12 Pages2099 Words84 Views
Running head: PROJECT PROPOSAL
Project Proposal
Name of Student-
Name of University-
Author’s Note-

1PROJECT PROPOSAL
Table of Contents
1. Title:.............................................................................................................................................2
2. Introduction..................................................................................................................................2
2.1 Background............................................................................................................................2
2.2 Aim............................................................................................................................................3
2.3 Research questions.....................................................................................................................3
3. Literature Review........................................................................................................................4
3.1 Principle of COBIT 5.............................................................................................................4
3.2 Benefits of COBIT framework..............................................................................................5
3.3 Need of Strategic Planning for RFA......................................................................................6
3.4 Review of Strategic Plan for 2009- 2014..............................................................................6
4. Methodology................................................................................................................................7
5. Limitations...................................................................................................................................8
6. Timeline.......................................................................................................................................9
References......................................................................................................................................10

2PROJECT PROPOSAL
1. Title:
Implementing COBIT 5 Framework as a mechanism of IT Governance: A Case study of Road
Fund Administration with respect to its current IT Governance Framework, standards, and
processes.
2. Introduction
2.1 Background
The COBIT 5 is latest edition included in ISACA’s that is accepted as a global
framework. This COBIT 5 provides a view that has end to end business for governing the IT
enterprise. The COBIT 5 reflects on the central role of the information and technology that
creates value for all the enterprises (Jonathan, Mulyana and Prasetyo 2017). The practices, the
models, the analytical tools, and the principle that are included in COBIT 5 helps an organization
to have leadership as well as provide guidance for the businesses, the experts of governance and
the Information Technology all over the world.
The COBIT 5 framework used in businesses is mainly used for management as well as
governance for the enterprise and managing the techniques related to management. This also
provides all the accepted principles that are accepted globally, practices, the models, all
analytical tools, and the practices that helps in increasing the trust, the value of the information
system that is involved in the organization (Wilkin et al. 2016). The framework of COBIT 5
basically extension of the COBIT 4.1 which has included many other major frameworks, the
resources, and the standards including the IT of ISACA, the risk included in IT and the BMIS.
COBIT 5 can also be used as significant guidance, as well as standards that includes ITIL and
ISO.

3PROJECT PROPOSAL
This report consists of the COBIT 5 framework that is to be implemented in RFA (Road
Fund Administration). The Road Fund Administration was first established in 1st April and the
main aim of this organization is managing the user charging system on the road for more
security. This organization allocates many sufficient funding to have a safe as well as efficient
road sector in the city of Namibia. The main function of the RFA is to manage the road fund and
manage the user charging system on roadside. The organization needs to implement COBIT 5
framework for managing all its IT related activities. It has high technological successes for
innovation as well as management. Using the COBIT 5 framework the enterprise can increase its
growth that can result in increasing the productivity of the enterprise and integrate the
information that are available. RFA has challenges that effectively utilizes different approaches
that are adopted all through the years. This proposal discusses the different framework that are to
be implemented in the Road Fund Administration in Namibia.
2.2 Aim
The aim of the research paper is study the implementation of COBIT 5 framework in
Road Fund Administration. There are many strategic planning that is implemented in RFA. This
report compares the present IT governance and standards involved in RFA and the change that
will occur after implementing COBIT 5 Framework.
The objectives that are stated for this research paper are stated below:
To investigate the need of COBIT 5 framework in maintaining the activities of IT
governance in RFA
To observe the change in stakeholder management and the relationships in RFA after
implementation of the COBIT 5 Framework

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