FDIC Information Technology Strategic Plan: 2017 - 2020: Theme 3
DESCRIPTION
Successful investments in mobile technologies, cloud computing, and advanced analytics depend on an environment that supports a structured and thoughtful approach to experimentation and measured risk-taking. Service delivery improvements are achieved through engagement and iteration. New development environments can encourage business and IT to collaborate in new ways and result in better services in support of the FDIC mission.
OBJECTIVE 3.1
Institutionalize management practices and processes that support innovation
Developing incremental project scopes and budgets while using agile development methods encourages programs to experiment with innovative ideas. Acquisition strategy will be adjusted to free project managers from managing large, long-term investments that discourage risk-taking and innovation. Governance processes will encourage smaller scale start-up projects that allow for broader-focused hypothesis testing.
OBJECTIVE 3.2
Implement new solutions that are responsive to business change, and create an environment (people, processes, and technology) that encourages and fosters IT innovation
The FDIC will provide opportunities for staff to opt into innovation teams. Interested staff will explore development opportunities to build the necessary competencies to participate in innovation activities. Internal networking and knowledge exchange events will allow business and CIOO staff to share ideas and explore new capabilities. Targeted hiring will expand the capacity for research. The FDIC will develop standard procedures and tools that help teams define their hypothesis, develop a test protocol, develop a project plan, and gather results. Performance will be based on how well lessons learned are incorporated and how these inform future decision-making.
OUTCOME
Business-driven technological innovations are continuously developed and adapted by being allowed to fail early and adapt quickly to deliver new functionality
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