Panel: Agile Transformation at Scale... Fannie Mae's Executive Perspective
Abstract: Fannie Mae, a leading source of residential mortgage credit in the U.S. secondary market, provides reliable, large-scale access to affordable mortgage credit across the country to help individuals buy, refinance, or rent homes.
Coming out of the housing crisis in 2013, Fannie Mae recognized that the lending environment it was moving into required it to be even more responsive to meet rapidly changing customer needs. Further, Fannie Mae recognized that agility was critical, not just in technology, but across the enterprise to achieving this objective.
Over the last 2 years, Fannie Mae has undergone a concerted effort to adopt the agile values and practices and has begun to recognize the benefits promised. Today, there are more than 170 agile teams across Enterprise IT, and both functional and business portfolio's are adopting lightweight agile values and practices as part of their day-to-day activities.
As a result of transforming from Waterfall to Agile, Fannie Mae experienced a significant boost in productivity as well as a reduction in delivery risks through the relentless focus on innovation and automation to ship "production ready" code with high and higher frequency. The transformation to Agile has revolutionized how the firm plans for the delivery of large scale ($100 million plus investment/year) programs, has significantly mitigated risk inherent in complex in integration between legacy and new architectures/applications, as well as between internal and external systems.
Within the larger context of the transformation to Enterprise Agility, this Executive Panel Discussion will provide unique Executive insight with respect to the organization's journey to date and goals for the future.
Fannie Mae Executive Panelists:
- Bruce Lee, SVP & Head of Operations and Technology, O&T Executive Office
- Stephen Pawlowski, SVP for Business Solutions Initiatives, SF Mortgage Business
- Frederic Veron, SVP & Head of Business Technology and Delivery Services, Enterprise IT
- Mike Garcia, VP for Development Services, Enterprise IT
- Scott Richardson, VP for Enterprise Data Strategy Execution, Enterprise IT
- David McMunn, Director, Agile Center for Excellence, Fannie Mae
Outline/Structure of the Experience Report
- Set the Stage (10 minutes)
- Journey to Date
- Where we are today
- Success Stories (transcend Portfolio / Program / Team)
- Experience Report from the Panelist's Perspective (25 minutes) .. types of questions include....
- What is your role and how have you engaged in the agile implementation at Fannie Mae?
- Agile in of itself is not a silver bullet but a way to uncover areas of inefficiencies.. a diagnostic tool.. that exposes area for leadership to focus their efforts for optimization … what types of challenges has adopting agile at scale exposed, that you might not have been aware of previously, and how did you engage to support optimization efforts?
- A year from now, what is taking place at Fannie Mae, that is not taking place today, as a result of the maturation of the agile transformation at scale, in support of the corporate vision to be a leading technology company in this region?
- What skills do you possess, or need to develop, as an Agile Leader and how are you using those skills to support the agile transformation in your area?
- How have you changed the way you engage in your organization as a result of the agile transformation?
- What advice can you share with Leadership in enterprises looking to either initiate, or scale, their agile transformation strategy?
- Q&A (10 minutes)
With respect to undertaking an Agile transformation:
- How Leaders can engage in, and support, an agile transformation;
- What types of indicators Leaders should look for with respect to progress as well as potential areas for concern;
- What qualities a Leader requires to support an agile transformation as well as how to use those qualities for maximum impact;
- How an agile approach changes the leadership mindset when making strategic and tactical decisions;
- How Leadership functions as a pivotal change agent required at the outset to transform traditional ways of thinking and embedded legacy culture.
Executives, Directors, Managers, Agile Coaches
schedule Submitted 2 years ago
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