FFIEC IT Examination Handbook
Development, Acquisition, and Maintenance booklet (August 2024) – FFIEC IT Examination Handbook

FFIEC IT Examination Handbook DAM-II.B.4: II.B.4 Acquisition Roles (Development, Acquisition, and Maintenance)

Acquisition personnel, assisted by project management, IT, contracting, finance, information security, legal and third-party risk management, specify requirements, request proposals, receive and evaluate bids and bidders, initiate contracts, manage relationships through their life cycle and evaluate supply chain risks including geopolitical risk, under segregation of duties, dual control and compensating controls that avoid conflicts of interest in choosing third parties, in roles such as procurement or third-party risk manager, contract manager and the others the booklet lists.

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