Priorities Committee

During 1982 the Priorities Committee was formed. It consists of the chief executive officer of each of the major operating organizations whose activities are directly affected by the need for new or revised information systems. The Priorities Committee was established to ensure that the resources of systems and programming personnel and computer hardware would be used only on those information systems that can best be cost justified. Divisions represented on the committee are included in Exhibit II.

The Priorities Committee meets monthly to reaffirm previously set priorities and rank new projects introduced since the last meeting. Bank policy states that the only way to obtain funds for an information development project is to submit a request to the Priorities Committee and have it approved and ranked in overall priority order for the bank. Placing potential projects in ranked sequence is done by the senior executives. The primary document used for Priorities Committee review is called the project proposal.

Exhibit II. First National Bank organizational chart

Exhibit II. First National Bank organizational chart

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