The Committee’s aim is: to evaluate the short and medium term ΙΤ action plans according to the business strategy, as well as the action plans of all units of the Bank, which are relevant or dependent for their implementation on IT systems to periodically and annually update the action plans to evaluate and approve all the projects of the Group’s annual action plan to assess the management of risks, which are relevant to the IT systems to evaluate feasibility studies, as well as procurements, software and services that relate directly or indirectly to the IT systems to monitor all the significant Group projects, which are implemented according to the business strategy, as well as their budget PIRAEUS BANK | Corporate Governance 13 to prioritize the implementation of projects to ensure the necessary resources for the timely implementation of projects to evaluate and approve standards policies and processes according to the planning and imple mentation of IT systems to approve and monitor outsourcing in the area of IT systems or in other relative services.