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Working groups provide a mechanism for members to make progress on active projects. Meetings take place both in person and via conference call. Participation is open to all Council members. If you would like to be added to the distribution list for any EDM Council working group, please send an e-mail request (indicating which group) to Carole Mahoney. Below is a snapshot of our current working groups along with links to relevant documents.
Business Metrics: Anecdotes and business logic are not sufficient to support financial institutions in managing content assets and establishing organizational priorities. Valid and replicable metrics for measuring both EDM performance and data quality improvement are a core objective of the Council. The metrics initiative focuses on the collection and normalization of metrics to meet the mandates of benchmarking, ROI determination, data comparability and content asset leverage at the enterprise level. Business Metrics Working Group
Downstream Integration: The implementation challenges associated with making the transition from silo-based environments to delivering data from an authoritative source to downstream applications are significant. The downstream integration initiative is designed as a mechanism for interaction among involved parties to capture the core technical, organizational, and project management issues related to getting data enriched, transformed, controlled and delivered to end applications.
Downstream Integration Working Group
Supply Chain Management: EDM Council members recognize financial information as a “manufactured product” with an identifiable chain of supply. The goal is to improve the chain of supply and reduce the number of transformations required for effective data management. The supply chain initiative focuses on the implementation of unique and precise identifiers for financial instruments, data attributes and business entities as the pre-requisite for EDM. Supply Chain Working Group
(click on any one of the working groups and jump to working group page)
| Business Metrics Working Group |
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For more information on the Business Metrics Working Group please contact Michael Atkin
Metrics WG Documents and Resources
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| Presentation: |
Data Variance Metrics
The EDM Council and IBM have completed our second data quality pilot. 8,500 fixed income instruments and 20 core data attributes matched among participants. This presentation provides the highlights of our findings. |
| Working Document: |
Performance Metrics Pilot
Overview of the EDM Council pilot proposal for measuring the impact of faulty data on business applications |
| Working Document: |
Metrics Report on Performance Implications
Report on the status of our metrics initiative designed to measure the business implications of faulty data on various calculations and derived fields. |
| Working Document: |
Data Attribute Severity
Summary of impact of data attributes to business and operating functions |
| Working Document: |
List of Core Data Attributes
These slides contain a list of the 143 critical data attributes as defined by the membership for primary business application processes. |
| Working Document: |
Data Elements Template (revised)
This is a revision of the working template defining critical data elements and their implication on core operational processes. Members are asked for a final evaluation of the template. Instructions included on the spreadsheet. |
| Report: |
Metrics Workflow Analysis
Report from the Metrics Working Meeting held on January 23 |
| Working Document: |
Data Elements Template
Working template defining critical data elements (i.e. those that must be right) and their implication on core operational functions and downstream applications |
| Report: |
Data Metrics Project
Metrics Template |
| Report: |
EDM Business Metrics
Critical Data Elements Result from metrics working meetings on process to define the most critical data elements throughout the trade lifecycle |
| Report: |
Metrics Working Group Meeting on May 22 2007
Brief synopsis of results of working meeting on business metrics |
| Working Document: |
Results of Data Quality Pilot
This slide deck contains the results of the data quality metrics pilot (April 2007) |
| Working Document: |
Data Quality Metrics Objectives
Components of data quality for metrics initiative |
| Working Document: |
Data Quality Metrics Test Result
Review of the results of the EDMC metrics pilot on data quality from the Metrics Working Group Conference Call. |
| Working Document: |
Data Quality Metrics Test Result
Spreadsheet containing the results of the data quality metrics test of fixed income instruments focusing on terms and conditions data elements and pulled from the operational database used for settlement. |
| Working Document: |
Data Quality POC: Data Elements for Trade Confirmation
Spreadsheet of the data elements required for trade confirmation to be used as the basis for our data quality proof-of-concept |
| Working Document: |
MSRB Trade Confirmation Requirements
Spreadsheet of MSRB rules (G-12, G-14, G-15) mapped to MDDL and DTCC |
| Working Document: |
Business Metrics Strategy Report
Raw material from working group on performance and data quality metrics |
| Working Document: |
Business Metric Worksheet(August, 2006)
Spreadsheet of key performance indicators developed as basis for metrics activity |
| Working Document: |
Business Case on One Slide (June, 2006)
Summary of business drivers by category |
| Working Document: |
Business Case Research Template (November, 2005)
Initial research template used to focus business case/metrics efforts |
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| Supply Chain Working Group |
The goal of this working group is to align data manufacturing processes of vendors based on the requirements of financial institutions and support the timely development of core identification standards.
The next meeting of the Supply Chain Working Group will be set pending the completion of the standards analysis by Council staff.
| Downstream Integration Working Group |
For more information on the Business Metrics Working Group please contact Volker Lainer (GoldenSource Corporation and workstream facilitator) or Michael Atkin (EDM Council)
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