COBIT stands for Control Objectives for Information and Related Technologies. It is a framework created by ISACA for governance and management of IT processes within organizations. Its purpose is to help align IT with business objectives, establish effective controls, and provide a standardized approach for managing IT activities.
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They have no particular purpose
COBIT is an acronym that stands for 'Control objectives for information and related technology.' COBIT refers to a framework which is utilized by employees of IT management.
Cobit framework is mostly used to tune the governance of a IT project. Thereby it improves IT effectiveness and efficiency.
A Cobit Framework provides businesses with a tool for managing their IT within their company. It helps the business get more from the IT systems that they currently use.
COSO and COBIT are comparable frameworks, COSO's approach is more broad-based, fewer complexes, without so much technical issues and COBIT is more comprehensive, process-orientated, risk, control needs, and it relates more to technical issues. COBIT covers quality and security requirements such as effectiveness, efficiency, integrity, availability, compliance, confidentiality and reliability of information.
Cosco has more of a broad based and less complex system to it. Cobit is a little more comprehensive and focuses more on technical issues.
Implementation: High costs and training required.
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