The Committee’s purpose is: to evaluate the short- and medium-term ΙΤ action plans according to the business strategy, as well as the action plans of all Bank units, which are related to or dependent upon IT systems for their implementation to periodically review and annually update the action plans to evaluate and approve all the projects of the Group’s annual business plan to assess the management of the risks, which are relevant to the IT systems to evaluate feasibility studies, as well as major procurements of material, software and services that are directly or indirectly related to IT systems to supervise all the major Group projects, implemented according to the business strategy, as well as their budget to prioritise the implementation of projects to ensure the necessary resources for the timely implementation of the projects to evaluate and approve standards policies and processes pertaining to the design and implementa tion of IT systems to approve and supervise any outsourcing in the area of IT systems or related services.