By Srinidhi Boray
As the Wall Street melts down, so does the DC. One quick survey and it will yield how lacking many big institutions are. Catering to the IT market are bandied many large IT vendors. It is a cartel, that systematically eats out the tax payers money. The federal spending on IT system runs into Billions and Billions of Dollars. Check out http://www.usaspending.gov/. It is a systemic parasitic process. Large institutions like FDIC, etc have intentionally avoided any systematic process that would render the IT related spending into accountable and transparent scheme of works. Instead, they relied on process that would create obfuscation with the hope that their actions would go buried deep in the morass that complexities inherently would introduce.
In the federal sector, The Clinger Cohen Act was established to bring in greater accountability in addition to several other things. Importantly Enterprise Architecture is the medium to be used for creating transparent plans. At FDIC at least in spirit if not in letter, policy was established to follow Federal Enterprise Architecture as the basis for IT Planning. But in order to allow unfounded agendas to progress unhindered by the accountability requiring process, internal circular was issued allowing them to cast aside the Federal Enterprise Architecture based mechanism that would bring the IT expenditure under the purview of OMB. The contentiojn was that they are not a federal agency but a quasi-federal enterprise, that functions like a private corporate. Similar such ham-handed approaches were taken at Fannie and Freddie. Hundreds and Millions of Dollars have been spent on IT touting modernization and transformative efforts. And, what do we see in the end?
Going forward, that now Fannie and Freddie have directly come under Federal administration, hopefully accountability creating systematic process will be established based on the Federal Enterprise Architecture guidance, should they survive as behemoths.