ADGM FSRA Information Technology Risk Management Guidance (VER01.201124)
Chapter 5 System Lifecycle Management – ADGM FSRA Information Technology Risk Management Guidance (VER01.201124)

ADGM FSRA Information Technology Risk Management Guidance (VER01.201124) 5.1: Govern IT projects through a project management framework with competent oversight, a justified business case and a defined plan

What does 5.1 require?

A project management framework ensures IT projects are managed and delivered consistently to project and business objectives and in line with the operational risk framework, covering rules, standards, procedures and activities from initiation to closure and procedures for identifying, assessing, treating and monitoring project risks. Staff with authority and competence commensurate to the project oversee it, manage resources, coordinate stakeholders and approve key decisions, with technical and business representatives involved at appropriate stages. Before a project starts the institution establishes that a business need exists, that funding and resources are adequate and that the outcomes are positive and measurable, and the appropriate level of management approves it; the project plan sets out scope, objectives, activities, milestones and deliverables per stage, and who among staff and third parties is responsible for what.

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