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

FFIEC IT Examination Handbook DAM-IV.J.1: IV.J.1 Waterfall (Development, Acquisition, and Maintenance)

What does DAM-IV.J.1 require?

Where the waterfall methodology is used for stable, less complex projects with well-defined, stable requirements, management completes each phase before the next begins, from a requirements phase where stakeholders define the project through design, development, testing and implementation to maintenance, accepting its ease of use, earlier identification of coding issues and measurable status against the difficulty and cost of returning to earlier phases, the time to produce a product and the limits on stakeholder change.

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