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Board of Governors of the Federal Reserve System
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Annual Performance Plan 2016

Strategic Pillar 4: Technology

Goal: Empower operational excellence, efficiency, and security through innovative technology platforms.


Objective 4.1: Develop, implement, and maintain a Boardwide technology roadmap driven by business needs that consistently improves the computing environment while strengthening a risk-based information security program.

Board staff rely extensively on technology and information services that enable them to be productive; to focus on their core businesses; and to easily connect, collaborate, and communicate with the confidence that their computing environment and information are secure and of high quality. The Board will focus on evolving its computing infrastructure to support expanding business demands and keep pace with evolving technology. Organizational business drivers will inform an enterprise-level approach to technology and infrastructure investments.

Projects and Initiatives
  • Develop a technology investment and implementation plan based on business priorities.
  • Identify strategic investments in technology, including those that increase capacity for data and information processing and expand electronic collaboration capabilities.

Objective 4.2: Create and maintain a research and development (R&D) culture and environment that allows for technology evaluation and innovation outside of the necessary constraints of the production environment.

The Board will need to keep pace with rapid technological change without compromising the security of critical information assets. The development of innovative business approaches will provide an environment that enables controlled risk taking.

Projects and Initiatives
  • Create and maintain an innovation lab to allow for research and technical evaluation.

Objective 4.3: Continuously enhance the mobile environment to meet requirements for information access, ease of use, and information security.

The Board will continue to improve access to its information assets from an increasingly mobile workforce.

Projects and Initiatives
  • Develop a mobility plan, building upon existing platforms, to enhance technology services.

Objective 4.4: Provide the ability for Board employees to collaborate effectively with a wide variety of partners, including those within the Board, the System, and broader communities.

Enhancing electronic collaboration capabilities within and outside the System is of particular importance to the Board. As the need to share information with varying degrees of sensitivity grows, the Board must be equipped to provide secure and efficient communication mechanisms.

Projects and Initiatives
  • Identify gaps between existing capabilities and defined business needs and develop metrics for improving user experience regarding connectivity, collaboration, and data and information processing.

Objective 4.5: Evaluate the information technology service-provisioning model across the Board and the System to ensure alignment and promote service and cost efficiencies.

Staff will consider best-practice service delivery models across the System to provision information technology services. The Board will focus on automation enhancements that improve business processes and look for ways to fund investments through associated savings.

Projects and Initiatives
  • Work completed under the first four objectives will inform the projects and initiatives related to this objective.
Last update: February 24, 2016

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