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How Path to Production Ensures Safety and Soundness on Our Digital Transformation Journey
Ramon Richards, Senior Vice President of Integrated Technology Solutions, Fannie Mae
The technology side of this business requires a delicate balance of agility, speed, and security. With it comes the need for critical governance, control, and risk parameters to guide our development of software products. Historically, that’s been good for safety and security, but can slow down the pace at which we can deliver new capabilities for customers.
This challenge, coupled with our company-wide focus on digital transformation, motivated us to take a look under the hood and assess the Fannie Mae software development lifecycle. We discovered opportunities to eliminate redundancies and shift the engagement of key governance and control stakeholders up in the process.
We launched Path to Production, or P2P, earlier this year to address these challenges and reimagine the way we work to develop software at Fannie Mae. It's a software change framework that weaves security and risk management practices into a single streamlined process for development-related work. It 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:
Securing permits ensures governance and risk controls are built into the process and establishes evidence of compliance
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 by 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 helps facilitate delivery teams’ early engagement in 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 is intended to be efficient and 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.