What does "value realization" in COBIT emphasize?

"Value realization" in COBIT emphasizes the importance of ensuring that IT investments lead to expected outcomes and advantages. This concept revolves around the idea that the resources allocated to IT should result in tangible benefits that align with the organization's goals and objectives. COBIT encourages a systematic approach to managing and measuring those benefits, thereby facilitating a better understanding of how IT contributes to the overall value of the enterprise.

The focus on value realization ensures that organizations don't just invest in technology for its own sake but rather with a clear plan to achieve specific, measurable results that enhance organizational performance. This aligns IT initiatives with business strategies, ultimately delivering the returns on investment that stakeholders expect.

While maximizing budgets, reducing costs, and minimizing risks are also important aspects of IT governance and management, they do not capture the holistic perspective of value realization, which is centered on the effectiveness and benefits derived from IT investments.