There are three major frameworks/guidance/best practices in use for IT Governance, namely, COBIT, ISO 27002 and ITIL - the first two provide the "what" and the last the "how" of the service management aspects.
Are top management, business management, auditors, compliance officers and IT managers working together to ensure efficient and effective IT capability? Standards and best practices are only as effective as their implementation.
This in-depth brief discusses IT governance best practices in general and CoBit, ITIL and ISO 27002 in particular. It provides an overview of IT governance best practices, why are they important, how to tailor them for an enterprise's specific needs and integrate them with its risk management and control framework, and some pitfalls to avoid while implementing them. Excellent Read!!