Final answer:
COBIT is a framework developed by the IT Governance Institute, aimed at aligning business objectives with IT infrastructure for effective control and governance.
Step-by-step explanation:
COBIT, which stands for Control Objectives for Information and Related Technology, was developed by the IT Governance Institute (ITGI). The IT Governance Institute created COBIT as a framework for managing and governing enterprise IT environments. Its purpose is to provide a set of best practices that ensure alignment between business objectives and IT infrastructure, thus ensuring effective control and governance of IT within organizations.