Currently the current and former clients of the ICE Exchange, their back and middle office personnel (Client Services, Fees team, Balancers) who are the heavy users of this application have complained that the Search features within the membership and Trader ID are not specific enough and that certain processes such as registration and allocations are time consuming, flawed, and not efficient in which they have to use this system for accounting and client services reasons.
Therefore, it is the objective of the Post Trade Technology Department, Development and QA Team, and the Lead Sponsor to improve and develop the Clearing Fee Application to improve current features and to add new uses as well. The opportunity that this project presents is multiple. First, we will learn from our clients through face to face and conference calls what features they would like improved and what they would like added. Secondly, this gives an opportunity to the Exchange to upgrade a client facing application. Lastly, by upgrading the Clearing Fee Application (CFA), it will further enhance our reporting requirement under the Dodd-Frank Act, which requires Exchanges to give more transparency in trades. Overall the project will be conducted in an Agile environment.
Project Deliverables
The first project deliverable would be to gather information from both internal and external sources to upgrading and adding new features. The next deliverable item would create a business requirements
The list of deliverables from the Project Scope should be listed, as well as, whether or not they were met and any worthwhile notes about the process. The scope
The project will follow a series of phases during production. Each phase will reflect a goal in achieving a particular task and also the resources needed to
The deliverable for Part 1 is a written proposal for the project selection criteria and a high level description of a proposed portfolio management process. You may also be expected to make an informal presentation of the report in class.
Requirements will be divided into two categories: project requirements and product requirements. Project requirements are the set desires identified to meet the needs of the project and ensure its achievement and promptness to hand over to operations. Most will consist of non-technical requirements. Product requirements are the set desires identified to meet the specifications of the technical products that are being produced as a result of the project: the Verizon FIOS fiber optic cable.
All projects are defined by the purpose, objectives and deliverables. Properly defining these, as well as the other aspects of the project management plan will
The first step will be to look at the goals of the project, and align them with the mission of the company. Systematically, the project will be broken into phases: Planning, Organizing, Staffing, Directing, Coordinating, Budgeting, Evaluating, and Reporting. Each phase will be further broken down into tasks and placed into a work breakdown structure. From this view, one is able to see the entire project duration, critical path, and milestones. The Planning phase is integral in any project. This phase of the project defines project objectives, mission, goals, and approach. In addition, outlining key elements of the project is critical: performance expectations, risks analysis, and contingency plans. However, after completion
There are a number of major tasks to complete in order to complete the project.
This assignment consists of three (4) sections: a written project plan, revised business requirements document, project plan PowerPoint presentation, and a finalized project plan. You must submit the four (4) sections as separate files for the completion of this assignment. Label each file name according to the section of the assignment it is written for. Additionally, you may create and / or assume all necessary assumptions needed for the completion of this assignment.
Table of Contents Section I. II. III. Executive Summary Introduction Project Organization Organization Chart Project Responsibilities Staffing Plans IV. Management Process Management Objectives Priorities Monitoring/Controlling Mechanisms V. Technical Process Plan Computing System Project Plan Modification Process Computer Usage Policies Construction Guideline Support Project Acceptance Process Lessons Learned Documentation VI. Work Packages, Dependencies, Schedules & Budgets Work Packages Dependencies
The first step is to identify and plan the activity resource requirements in order to let the project flow efficiently without any delays or obstacles. To ensure this stage is done properly, there should be preliminary requirements regarding the project team members. It is important to make sure they all have the skills and competencies to execute the project deliverables.
I will use project scope, work breakdown structure, and AON to evaluate deliverables, set expectations, and estimate the completion date. From the case, we also learned that there are few deliverables new to the company; thus, I will use expert, Delphi, and wide-band Delphi to estimate the project task
3. conceptualize/ initialize, develop project charter and detailed project plan based on scope, schedule, budget, quality objectives, execute/control the project using approach such as the SDLC, close project, evaluate project success
(Project definition: Planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations)
The nature and scope of a project is determined at the initiation stage. This involves analyzing the business needs, developing goals, budgets, tasks, deliverables, and the stakeholder analysis. The project planning stage determines the planning team, develops the scope, and identifies work breakdown structure and activities that will be needed to complete deliverables. The planning stage also estimates time and cost activities, develop schedule and risk plan, and gain formal approval for work to begin. The executing stage involves all processes used to meet the project requirement and involves managing people and resources. The process that entails the identification of potential problems and
It will also detail what milestones must be met to be able to successfully coordinate effort within the project timeline and meet the inauguration date as planned, without the milling of any other milestones nor the compromising of any nor all deliverables. Finally, it ensures the appropriate risk mitigation is in place to meet the final deliverables and the timeline requirements within every project phase.