The Making of the Commercial FrameworkThe Making of the Commercial Framework The technology industry has always required significant depth of collaboration across enterprises to deliver the maximum benefit to end solutions. The making of the ODCA Commercial Framework Master Usage Model is an example of intense collaboration across enterprises. During 2011, the Regulation and Ecosystem working group defined the problem statement and delivery scope in response to a clear mandate expressed by ODCA member organisations. The working group consisted of an enthusiastic mix of team members, competent in architecture, cloud service provisioning, deployment and consulting, procurement, law, risk management, information security, and technology transformation A core design decision made early on was to focus on universal set of common concerns impacting the definition, management and governance of commercial contracts (called as "drivers" within the Commercial framework). The drivers were selected by research of core regulatory constructs and core business requirements across representative regions, industry segments, and legal mandates. Each driver was analysed in order to construct a contract framework including motivation for the driver, risk management considerations, pre-contractual requirements, contractual considerations, monitoring processes, and clarity around roles and responsibilities across the parties in a contract. Leveraging the enthusiasm and expertise across the globe required intense weekly teleconferences across challenging time zones, and long working days and weeks. Solving real cloud computing challenges requires dedication, and I am appreciative of the collaboration across a global think tank. Check back over the next few weeks, and I will share further experiences of applying the Commercial Framework in real life situations. Ciao for now. Cheers, Pankaj ☺ About the AuthorPankaj Fichadia
Pankaj Fichadia is a Technology Risk Partner for the National Australia Bank (NAB). In this role, Pankaj is responsible for management and oversight of Technology and operational risks.In previous roles at Australia and New Zealand Banking Group (ANZ), Pankaj has focused on Technology risk management, Information Security, Consulting, and IT Architecture for business units across Asia Pacific, Australia, and New Zealand. As Technology Consultant for Citicorp Information Technology Industries Limited (CITIL), and Citicorp Overseas Software Limited (COSL), Pankaj has contributed to the architecture, design and development of Core Banking IT systems for Financial Services. Pankaj holds qualifications in Finance (Citicorp Finance Professional), Strategy and Innovation (MBA), Software Technology (Post Graduate), and Information Systems Audit (CISA). Pankaj chairs the ODCA Regulation and Ecosystem working group. |
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