Update on Foundation Data Model Governance

As part of the planning for the move from our current chart
of accounts (CoA) to the foundation data model (FDM, Workday’s terminology for
CoA), the FST Steering Committee formed a subcommittee to look at data
governance. This subcommittee recently transitioned into the FDM Governance 

Working Group and created a charter that outlines the following:

• The FDM Governance
  model is necessary to create and maintain a consistent structure of the
  data elements and segments of the chart of accounts that will service the needs
  of ALL UVA constituents.


• The clarifications
  and decisions made will aid in
  facilitating more consistent usage of accounting and reporting standards across
  the enterprise and would be independent of the accounting system.


• This working group will leverage
  local finance and administrative expertise and knowledge in representing
  both financial and non-financial stakeholders, expanding and maturing as the
  FDM model unfolds and is deployed.


• The FDM Governance
  Working Group has been tasked with the creation of a fully operational
  Governance structure that will ultimately provide the appropriate oversight
  and governance as it relates to the Workday Foundational Data Model (FDM).

The working group is responsible for defining member roles
and responsibilities. The group recently expanded its membership further to
ensure appropriate representation from the College, schools, and auxiliary
enterprises (such as Facilities and Athletics), as well as UPG and the Medical
Center. The group will also review FDM considerations and make recommendations,
such as what required and optional worktags UVA will use, worktag creation/data
definitions, hierarchy creation/use, configuration including access/security,
and specialized school and unit considerations. It’s also within the group’s
purview to establish a structure for after go-live that supports ongoing FDM
decisions. 

As implied by the word foundation in its name, the FDM must
be well designed to ensure it will serve UVA’s future needs before it is
solidified. The FDM Governance Working Group will collaborate with project
workstream leads and stakeholders to complete this work, bringing
recommendations to the FST Steering Committee for approval.

_____________________________________________________________

Read more about FDM work in the Online Community.