FDIC Information Technology Strategic Plan: 2017 - 2020: Governance
Governance Defined
Governance consists of policies, processes, and guidelines for identifying, evaluating, prioritizing, and enacting changes that may be required as the operating environment evolves.
The need for changes may stem from:
- The identification of new objectives or requirements;
- Evolution in strategy in response to new goals or needs;
- Insights gleaned from performance metrics and data; and
- Adjustments suggested by lessons learned.
Governance Areas
Governance will generally administer four strategic areas:
Enterprise IT Integration: Ensuring that the IT portfolio supports business outcomes;
IT Portfolio Oversight: Ensuring that the IT portfolio achieves IT strategy;
IT Portfolio Performance: Recommending new investments and evaluating current performance; and
IT Project Performance: Providing guidance, standards, and tools that improve efficiency.
Governance Process
With each area, governance will generally be administered through a lifecycle process that asks four critical questions:
Are we doing the right things? Have the right investments been made in capabilities that support specific business outcomes? This will require a complete accounting of all IT investments and the maturation of portfolio management capabilities.
Are we doing things the right way? Are initiatives, projects, and workloads being completed as efficiently as possible? This will require continuous improvement, proactive portfolio management, and IT use policies in order to optimize processes.
Are we achieving quality? Are projects and processes managed so that requirements are being met and variances are mitigated? Evaluation will require a focus on resource management and on monitoring of budget, schedule, and scope. Evaluation must also consider service quality, system availability, and customer satisfaction.
Are we getting the benefits we expected?
Are investments generating measurable positive impacts on the FDIC’s mission. Evaluation must assess the degree to which invested resources are furthering the FDIC’s regulatory responsibilities.
Data generated and captured at each step of the process should feed subsequent steps. Data generated and captured throughout the process should feed into subsequent iterations of the cycle.
Governance Responsibilities
Responsibilities for developing and implementing IT governance policies, processes, and guidelines will be assigned to the CIRC, CIOC, or other IT governance boards as appropriate. Boards will be responsible for the governance areas as indicated in the below table.
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