Tuesday, November 08, 2005

The “Development and Acquisition Booklet”

Great Article from the FFIEC on ITS Systems and Software Risk Management.

The Federal Financial Institutions Examination Council is a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS) and to make recommendations to promote uniformity in the supervision of financial institutions.

While not directly related to Issues with Off Shoring, it does have a precise outline for guidance in assessing many of the issues that are faced due to lack of a process structure in the first place.

http://www.ffiec.gov/ffiecinfobase/booklets/d_a/d_a_toc.htm