Agile Data Governance
- 1. Agile Data Governance Tami Flowers MetaGovernance KCDC June 25, 2015
- 2. • Information as a corporate asset • Regulations requiring content integrity • Competitive pressures for efficiency • Governance has moved to the Boardroom Corporate Trends Corporate Information Issues MetaGovernance. All Rights Reserved. 2015
- 3. Corporate Data and Information Issues Corporate System SALES=$4.6M Operational System SALES=$4.5M Sales System SALES=$4.7M Overlapping Transaction Systems Internal Reports and External Disclosures that don’t agree Spreadsheets and Access Data Bases Inconsistent Data Repositories MetaGovernance. All Rights Reserved. 2015
- 4. Many Versions: Which is Correct? Sales ReportRegulatory Reports SEC Reports Operational Reports Spreadsheet $4.5M $4.4M $4.6M $4.7M Corporate System SALES=$4.6M Operational System SALES=$4.5M Sales System SALES=$4.7M General Ledger SALES=$4.6M Data Warehouse SALES=$4.5M SALES=$4.4M MetaGovernance. All Rights Reserved. 2015
- 5. What is needed is a clear understanding of the sources and uses of information across the enterprise… MetaGovernance. All Rights Reserved. 2015
- 6. Key Information Governance Terms Information Owner Information Steward Information Custodian Information Consumer MetaGovernance. All Rights Reserved. 2015
- 7. • Where to get specific data. • Data ownership and responsibility is known. • There is only one source for each type of data (consistency). • Data is accurate. • Data is timely. • Data is easily accessible (with appropriate security). • Data is defined (data dictionary). • Data issues are actively communicated. • Manual data collection / verification processes are significantly reduced or eliminated. What does a successful governance program look like? Employees understand: MetaGovernance. All Rights Reserved. 2015
- 8. • Identify information stakeholders. • Develop a common vocabulary. • Generate awareness of the source of use of information throughout the organization. • Identify needed controls. Keys to a Successful Governance Program MetaGovernance. All Rights Reserved. 2015
- 9. Data Subject Area ID Major Subject Group 1st Sub Grouping 2nd Sub Grouping Accounting Operations Collateral CreditRisk Finance FinancialReporting InternalAudit MarketRisk MemberServices Sales Compliance Information Technology 1 Trade Loan Adjustable-Rate Loan 2 Trade Loan Fixed-Rate Loan 3 Trade Loan Structured Loan 4 Trade Loan Amortizing Loan 5 Trade Loan Letters of Credit 6 Trade Loan Prepayment Fee 11 Financial Accounting Accrued Interest 12 Financial Accounting Outstanding Principle LEGEND CUSTODIAN CONSUMER STEWARD DELEGATE The Information Governance Awareness Map MetaGovernance. All Rights Reserved. 2015
- 10. How can this be accomplished using Agile / Lean? MetaGovernance. All Rights Reserved. 2015
- 11. What is Agile? MetaGovernance. All Rights Reserved. 2015
- 12. While processes and tools are necessary, the attention needs to be on the people and their interactions. Individuals and Interactions over processes and tools MetaGovernance. All Rights Reserved. 2015 Make decisions Communicate Solve problems
- 13. Governance decisions need to be made, implemented in a timely, quality manner so they provide immediately value to the project, business unit or organization. Working Governance over comprehensive documentation MetaGovernance. All Rights Reserved. 2015
- 14. The right governance decision makers need to be involved and working together. Customer Collaboration over contract negotiation MetaGovernance. All Rights Reserved. 2015 Good Decisions Shared Subject Areas Business Unit Objectives Company Strategy
- 15. Governance decisions often arise out of unplanned, unforeseen issues found during one or many projects. These must be communicated and dealt with by the governance body as needed, in a timely manner. Responding to Change over following a plan MetaGovernance. All Rights Reserved. 2015
- 16. While we do need processes, tools, documentation and plans, the important factors are: Interactions of engaged people Making thoughtful decisions for the organization To enable the delivery of quality, reconciled, controlled reports or data used for business decisions and financial reporting. The Agile Manifesto MetaGovernance. All Rights Reserved. 2015
- 17. A Model for Lean Data Governance MetaGovernance. All Rights Reserved. 2015 Eliminate Waste Empower the Team Deliver Fast Optimize the Whole Build Quality In Defer Decisions Amplify Learning
- 18. Eliminate Waste Empower the Team Deliver Fast Optimize the Whole Build Quality In Defer Decisions Amplify Learning The data governance team must be a group of motivated individuals who are able to closely collaborate. A Model for Lean Data Governance MetaGovernance. All Rights Reserved. 2015
- 19. Eliminate Waste Empower the Team Deliver Fast Optimize the Whole Build Quality In Defer Decisions Amplify Learning Focus on priorities impacting the business and projects NOW. A Model for Lean Data Governance MetaGovernance. All Rights Reserved. 2015
- 20. Eliminate Waste Empower the Team Deliver Fast Optimize the Whole Build Quality In Defer Decisions Amplify Learning Data governance is more than just pieces and parts, it must align to the entire organization. A Model for Lean Data Governance MetaGovernance. All Rights Reserved. 2015
- 21. Eliminate Waste Empower the Team Deliver Fast Optimize the Whole Build Quality In Defer Decisions Amplify Learning To help facilitate a trusted governance and reporting framework, quality is imperative. It must be the top priority of any decision. A Model for Lean Data Governance MetaGovernance. All Rights Reserved. 2015
- 22. Eliminate Waste Empower the Team Deliver Fast Optimize the Whole Build Quality In Defer Decisions Amplify Learning To allow for changes in priorities, balance early planning with committing to decisions or work at the last possible moment. A Model for Lean Data Governance MetaGovernance. All Rights Reserved. 2015
- 23. Eliminate Waste Empower the Team Deliver Fast Optimize the Whole Build Quality In Defer Decisions Amplify Learning Communicate early and frequently, get feedback as soon as possible, and build upon what is learned. A Model for Lean Data Governance MetaGovernance. All Rights Reserved. 2015
- 24. Eliminate Waste Empower the Team Deliver Fast Optimize the Whole Build Quality In Defer Decisions Amplify Learning Waste or “muda” can be delays, handoffs, unnecessary process. A Model for Lean Data Governance MetaGovernance. All Rights Reserved. 2015
- 25. Providing Organization Value through Agile Data Governance MetaGovernance. All Rights Reserved. 2015 • Deliver Highest Value Items First • Incremental Delivery • Continual Learning • Retrospect • Improve the Process
- 26. • Business Decisions Based on Good Data • Financial Statement Accuracy • Clean Audit Reports • Improved Regulatory Rating • Reduced Reputation Risk Trusted Reporting The Outcome of Agile Data Governance MetaGovernance. All Rights Reserved. 2015
- 27. 27 For additional information contact: Email: tflowers@metagovernance.com Twitter: @tamilflowers LinkedIn: Tami Flowers Slideshare: www.slideshare.nettamiflowers www.metagovernance.com Questions?