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CASE STUDY: US FEDERAL RESERVE

In 2012, FRS National Information Technology was at an inflection point. In a space of increasingly mission-critical needs for stakeholders ranging from school teachers to media to macro economists, each district was seeking to innovate their real-time digital experience management capacities. The resulting fragmentation across individual web and media technology solution architecture posed increasing risk for redundant System technology costs—and national System security.  After a widely publicized hacking event, a new paradigm was needed to help the System operate effectively in the public trust, but the challenges foreseen were many:
 

  • Technology needs and resources varied across districts, each with their own business needs and business architecture

  • Funding would be required from 12 districts with autonomous technology governance processes and executive leadership

  • Consensus approval would be required not only from business and technology executives across 12 districts, but from System governance committees, national stakeholder groups and National IT executive leadership

 

A holistic solution required a system mindset and a coherent strategy for transformation: a national consensus on vision, a strategic planning methodology, a transformation roadmap, a new solution architecture and governance model, and advisory & stakeholder engagement plans including strategic technology partners.

Outcomes:

  • Jan 2013: Strategic assessment concluded with proposal for a System-wide innovation program to expand experience management capabilities while streamlining technology governance

  • May 2013: With six months of coaching, facilitation and advisory, a cross-functional vision, strategy & roadmap was approved with unprecedented first-round consensus from System governance groups and district leadership

  • May 2014: Within one year, a new national technology suite and investment strategy was approved, and a 3-year transformation roadmap was approved by the Federal Reserve Board of Governors

  • 2015: With help from advocacy strategies, membership was secured on advisory boards for key software partners and the transformation program achieved 96% adoption of the new solution architecture (up from 26% adoption of national services in 2012)

  • 2018: Within five years, the transformation program concluded. Hundreds of thousands of man-hours were required by hundreds of FRS resources whose National IT stakeholder surveys championed the program for its role in setting a new standard for System strategy and thought leadership

the experience

Bev Schatte, Executive Officer, National Information Technology

"I'm extremely proud of the strategy and business architecture Cherie helped our organization to create. She was highly regarded in her role as Principal Strategist for the quality of visionary thinking and strategic advocacy she brought to the table. Her process of inquiry and method of oversight helped us to imagine, innovate and advance a national mission that was critical at that point in time to the System's broader mission and public trust. She unquestionably helped National IT set a new standard of thought leadership and professionalism in strategic planning for System technology programs. 
 
A decade later, I am happy to count Cherie as a professional colleague and trusted friend. I strongly recommend her as a coach, strategist and advocate. Her outcomes-focused approach will help you find the most effective pathway forward."

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Peter Drucker

“The best way to predict the future is to create it."

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