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

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

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

In the execution phase the team completes the plan's tasks, tracks actual against planned execution, logs problems such as missed milestones, resource changes and unanticipated risks, tracks their resolution and effect on the timeline and monitors interdependencies, controls scope creep through change approval procedures, cutoff dates, independent monitoring of feature changes and variance reporting with re-baselining where variances are significant, reports status regularly to stakeholders, senior management and the board, and applies testing and quality control involving users, designers, developers and IT staff.

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