FFIEC IT Examination Handbook
Management booklet (November 2015) – FFIEC IT Examination Handbook

FFIEC IT Examination Handbook MGT-I.B.6(c): I.B.6(c) Budgeting (Management)

What does MGT-I.B.6(c) require?

The board assesses management's plans and success in meeting budgetary goals as one measure of its performance; management weighs entry costs and post-implementation support through total cost of ownership when considering new IT projects, includes a comparison of in-house cost-effectiveness against third-party provision and peer ratios in any financial analysis of an IT department, assigns costs equitably to lines of business where allocation or chargeback is used, and applies the affiliate-transaction rules where an IT subsidiary provides services.

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