Report On The Implementation Of Sec Organizational Reform Recommendations - U.s. Securities And Exchange Comission - 2011 Page 10
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25U.S. S
E
C
– M
A
P
(MAP)
ECURITIES AND
XCHANGE
OMMISSION
ISSION
DVANCEMENT
ROGRAM
R
I
SEC O
R
R
EPORT ON THE
MPLEMENTATION OF
RGANIZATIONAL
EFORM
ECOMMENDATIONS
Finally, the PMO provides resources and technical advice to support workstream activities and
augment workstream resources. In particular, the PMO supports workstreams with similar needs for
organizational and alternative analysis, organizational design, human capital planning / analysis,
information technology strategy, and other technical capabilities.
Development of a Program Identity and Vision: “Mission Advancement Program”
In order for the agency to adopt and “own” the implementation of agreed-upon BCG
recommendations, a program name (moving away from “BCG Study” or “BCG
Recommendations”) was developed to give an identity to the initiative as well as set the stage for
the multi-year program. With the adoption of an identity and vision, the program was formally
designated the “Mission Advancement Program” (MAP). MAP acknowledges where the agency is
today and how it will continue to move forward in support of its mission. The vision of MAP is “to
effectively align [the agency’s] resources against the SEC’s most critical responsibilities and enable
the SEC to continue to evolve as a premier regulator that is agile and equipped to evolve in pace
with the securities market.”
MAP is focused on four major “Management Agenda” items:
• Optimize Mission and Structure: Prioritize activities and structure organizational
operating units to align to the SEC’s strategic direction
• Strengthen Capabilities: Provide the agency with the tools to execute its core function
and monitor risk
• Improve Controls & Efficiency: Develop internal mechanisms to locate cost savings,
gather data and clarify or streamline processes
• Enhance Workforce: Develop resources to meet the agency’s dynamic need for talent
The table below shows how each of the existing workstreams corresponds to MAP’s overall
Management Agenda. This alignment identifies what the SEC is doing to advance its operations
and infrastructure, and allows for other, non-BCG study initiatives to be easily associated with
workstreams that are analyzing recommendations of a similar character from the study.
The structure of the Management Agenda and associated workstreams should also assist in
managing and communicating progress in recommendation analysis and implementation.
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