Policy Functional Component
Purpose
The Policy functional component manages the creation, review, approval, and audit of Policies.
The Policy functional component supports the value streams:
Functional Criteria
The Policy functional component:
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Shall align and map to Enterprise Architecture
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Shall enable the review and approval of Policies based on roles and responsibilities
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Shall provide visibility into Policy attributes such as types, status, non-compliance, audit history, risks, and issues
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Shall manage the governance of Policies associated with downstream value stream stages of the product lifecycle
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Shall manage both internal and external Policies (e.g., security, pricing/costing, resources, regulatory, risk, information) and history of revisions
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Shall track Policy exceptions and waivers with consistent identification, evaluation, and status reports for managing corrective actions