[Update 1: Freddie Mac requested changes; now reflected in this updated coverage.]
Freddie Mac Chief Information Officer Robert Lux, in an interview with Forbes, revealed some insight into the tech operations at the government-sponsored enterprise.
In an article in Forbes by Peter High, Lux revealed in a Q&A how he took the challenging situation he inherited and created a symbiotic relationship with the rest of the company to better drive strategic initiatives.
“I have a lot of empathy for the IT leaders that had preceded me because in 2008 there was a lot of mandatory projects and it was a different world. I do not want to trash my predecessors because I did not walk in their shoes,” he stated, in the article.
Lux said in the article that IT’s average time back in 2011 to deliver a project was 18 months on average and eight months before we could deliver any business value, but now, 80% of the project is delivered in six months and 50% delivered in three months or less.
From the piece:
What we have done is create a sustainability program to sustain that technology as part of our core IT spend, we make sure we capture day-to-day costs and communicate that back to our business partners and utilize a total cost of ownership model. The organization gets invoiced every month so they can see why they are paying, what they are paying, what the future costs are going to look like, and also trends in expenditure. This is the journey we have been on.