June 2021CIOAPPLICATIONS.COM9by automating controls and integrating with existing tools and frameworks where possible. · Increase the transparency and reportability of technology work across the organization by tracking all new and change-related work in one place. P2P is a holistic framework that addresses these objectives. It introduces a permit-based development framework that helpsfacilitate delivery teams' early engagementin the right activities, from ideation to operation.Like a license to drive, delivery teams must secure permits at each critical juncture. We implemented a self-governed review process to ensure Information Technology General Controls (ITGCs) are adequately designed and implemented, and to avoid major disruptions to key strategic commitments. The process isintended to be efficientand has been designed to maximize the use of automation:· A team will first register a project, idea, or proof of concept in an internal application.· If the idea passes the prioritization process, the team is issued a permit to launch, which gives the green light to initiate the formal P2P workflow.· From there, subsequent permits allow teams to design/build, and eventually operate the new application or enhancement to an existing application. Securing permits ensures governance and risk controls are built into the process and establishes evidence of compliance. This takes the burden off development teams to secure manual approvals and it builds consistency, stability, and security into the products we deliver as a company. Beyond compliance, this approach has huge implications for the way we bring products to market and influence the evolution of a more digitized mortgage finance industry. With P2P, we've created an automated, integrated framework of activity that streamlines software development and provides straight-through processing. This translates to faster delivery of new capabilities that benefit our customers, which include homeowners and renters, and help us accomplish our mission. We are excited about the possibilities P2P creates for our innovative future. standardizes the way our delivery teams engage key stakeholders for software changes and allows us to deliver with greater efficiency, speed, stability, and security.What's been a significant undertaking started with some clear objectives: · Create a process that fosters proactive engagement among cross-functional teams throughout the software development process. · Move validations and verifications that had traditionally occurred at the end of the development process to the beginning to avoid delays and redundant reviews. · Simplify management of software delivery process across multiple platforms and business applications Securing permits ensures governance and risk controls are built into the process and establishes evidence of complianceRamon Richards
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