Summary

Pursuant to a legislative requirement, GAO reviewed: (1) the adequacy of key components of the Resolution Trust Corporation's (RTC) information resources management (IRM); and (2) the RTC Oversight Board's role in reviewing current and planned use of information resources.

GAO found that: (1) RTC lacked central leadership in agency IRM activities, and there were no clear lines of accountability, authority, and responsibility for managing information resources; (2) RTC had not prepared a comprehensive IRM strategic plan defining management's vision of automation's role in achieving its mission; (3) RTC planned to purchase and use information technology without developing a systems architecture; and (4) the RTC Oversight Board did not oversee key RTC activities related to defining information needs and selecting appropriate equipment.