Date:
1999/03/25
Forum:
comp.software.year-2000
Last year Wachovia's printed material promised a Dec 31, 1998 completion date
for everything -- consumer and business systems, from assessment through
testing and implementation. In February, the rather simple web page statement
admitted slipping from the Dec 31, 1998 date, but promised 3/31/99 as the
completion of everything, IIRC. Now, March 25, 1999, their Y2K statements are
lengthy and a little confusing and not a little disappointing.
Budget
Wachovia expects that its Y2K spending for the 1996-2000 time
frame
will total $80 million. Between 1996 and year-end 1998,
Wachovia had
spent $67 million of this total. An additional $10 million has
been
budgeted for 1999 efforts. The percentage of budget already
spent
offers a good indication of Wachovia's steady progress toward
completion of Y2K goals.
Remediation
Wachovia has remediated more than 38 million lines of code,
including 12 million lines of in-house developed code.
Internal Testing
While we are only required to test mission critical systems,
Wachovia has opted to test ALL of its applications. Before
applications are returned to production, they are subjected to
rigorous 20th and 21st century testing.
Wachovia has tested all aspects of its operating and
networking
systems.
To date, Wachovia has completed testing on 89 percent of all
applicationsincluding vendor-supplied products. Internal
testing
of all applications is scheduled to be complete by the end of
first
quarter 1999.
Customer Testing
Wachovia has developed a strategic customer test plan,
identified
representative profile customers for each applicable product,
designed an implementation schedule and completed its planning
process. It began profile testing in mid-January 1999 and is
scheduled to complete testing by June 1999. For information on
specific products, see the Business Products Readiness
Schedule or
Consumer Products Readiness Schedule.
Vendors/Business Partners
Wachovia has received compliant releases for 96 percent of its
vendor inventory with the remaining scheduled for delivery no
later
than March 1999. Wachovia is testing ALL vendor
applicationseven those certified by vendors to be Y2K
readybefore releasing them to production. It has tested all
such
applications delivered prior to the fourth quarter 1998 and
will finish
testing later arrivals by March 1999.
Wachovia has developed a business partner testing plan,
inventoried all business partners, designed an implementation
schedule, and completed prototype testing. Wachovia is working
with its business partners to complete remaining tests by June
1999.
Lines of Business/Microcomputers
Lines of business already have budgeted to test and/or replace
all
specialized applications and equipment.
As a separate initiative, all microcomputer hardware and
software is
being replaced throughout the entire corporation. The
changeover is
expected to be complete by June 1999.
Facilities/Contingency Plans
Each line of business completed contingency plans for all
identified
Y2K-related risks in January 1999.
Contingency plans are being developed for each building and
will be
completed by end of first quarter 1999.
Event Management
Event management describes Wachovia's management of the
century
date transition on a corporate-wide basis over a critical
five-month
timeline. A team within the project has developed methodology
and
plans to move the corporation smoothly into the year 2000.
This plan
encompasses all lines of business, nationally and
internationally,
where Wachovia conducts business. A command center, with
supporting business process command sites, will provide
central
oversight and reporting structure during the event
The event management timeline consists of three segments:
September 1, 1999 - December 30, 1999 Preparation &
Validation Simulations
December 31, 1999 - January 10, 2000 - Command Center
Monitoring
January 11, 2000 - July 15, 2000 - Business Process
Monitoring
-- a (a@a.a), March 25, 1999