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

FFIEC IT Examination Handbook DAM-IV.N.1(a): IV.N.1(a) Initiation (Development, Acquisition, and Maintenance)

What does DAM-IV.N.1(a) require?

In the initiation phase stakeholders determine the purpose, scope and deliverables through a project request with the business case, benefits, alternatives, impact of not proceeding, initial resource and schedule estimates and strategic match, a project charter naming the owner and defining mission and goals, and initial business and technical requirements, and for new or significantly changed systems management decides whether to build or buy through a feasibility study of internal expertise, comparative cost, available external products, timeline and complexity.

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