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

FFIEC IT Examination Handbook DAM-VII.C: VII.C End-of-Life (Development, Acquisition, and Maintenance)

What does DAM-VII.C require?

Personnel evaluate the expected life of purchased IT assets during due diligence, address end of life and end of service in the initial contract and at renewal including a clause fixing the advance notice the vendor gives before discontinuing updates and support, maintain a process to decide replacement, upgrade or migration before end of life, plan for the obsolescence of internally developed systems with input from management, developers and users, and apply the further end-of-life practices the booklet describes.

Maintained by Gerard BlokdykControl text last updated

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