Executive Summary
The global does operate on the usage of the different resources whose value gets aimed and measured regarding currency. The banking industry provides a better view of the currency worldwide. The industry gets to involve in the different activities and operations for the benefit of the customer who is the sole proprietor of the industry and the banking industry organization. The industry gets to comprise different institutions that provide different services and products. The industry defines the engagement of collective persons or companies with the intentional single and common kind of commercial enterprise. The banking industry, therefore, defines the handling of the individual and the liquid human money and the cash. The operations of the industry should get monitored and managed for the ensuring the growth, sustainability and maintain the service and product delivery to the clients. The business intelligence is a field that defines the technology that involves the categorization of the appropriate computer software related solutions. The software gets the organization, business or the company gets deep into the critical operations within its premises for the identification of the errors, progress, and assessment with the employment of the appropriate applications, and the operations analysis tools. Thus, the business intelligence provides the technology that gets to undertake the analytics, measurements, reporting, knowledge management, and collaborations for the draw of inferences and decision-making purposes. The project gets to undertake the appropriate requirements for the undertaking and the implementation of the business intelligence in the banking industry for the enhancement of the security. The appropriate procedures required for the actions and the necessary resources shall get defined within the project. All in all, the aim is to have the understanding of business intelligence in the banking industry and get to identify the necessary requirements for the technology implementation and achieve.
Business Intelligence Requirements in Banking Industry
Project Charter
The project charter defines a document that will describe the business intelligence requirements of the banking industry project. The charter will provide an appropriate approach to have the achievement of the project. Therefore, it will be quite essential for the success of the project since it is a critical component that must get included in the project management process.
Project Charter: Business Intelligence requirements in Banking Industry
Background
The Business Intelligence requirements in Banking Industry project is with the aim of getting to determine the appropriate tools necessary for the undertaking of the banking industry data analytics. The data analytics will get the industry to the side of identifying the new opportunities for the industry and get useful for the management to make the sounding decisions concerning the operations of the industry and the success of the banking industry.
Goals
The goals for the undertaking of the project of Business Intelligence requirements in Banking Industry are:
Determine the appropriate tools for the undertaking of the data analysis in the banking industry. The measure is to have the most efficient and reliable equipment.
Establish the shortest and appropriate procedures for performing data analytics, for the having the actions done within time and precisely.
Scope
The Business Intelligence requirements in Banking Industry project will get the banking industry in the position to perform the data analysis in the most applicable and standardized way and have the industry cut on the expenses concerning the data analysis. The actions of using the sensitive data for during the tests will get avoided for the avoidance of the data compromise. The project will not involve the other activities get done within the industry that hinder its growth.
Key stakeholders
Client (Name)
Sponsor (Name)
Project Manager (Name)
Project Team members (Names)
Project milestones
The data within the industry is on a daily inflow at the same place the changes in the operations within the bank gets to change that might be a hindrance to the smooth flow.
Project Budget
The Business Intelligence requirements in Banking Industry project will cost 50 000 US dollars with the approximate expenditure of 4 100 US dollars per month.
Constraints, Assumptions, Risks and Dependencies
The failure to use the most critical data of the bank may get a strain to the determination of the appropriate tools. The assumption behind is the bank using the same banking system and gets to have the capture of the same data. The data of the bank may get compromised; therefore, the data should get backed up for the retrieval if the compromise does occur.
Approval Signatures
_________________ ____________________ _______________________ (Name), Project Client (Name), Project Sponsor (Name), Project Manager
Input Process Output (IPO) Chart
The project involves the Business Intelligence requirements in Banking Industry where the appropriate tools for the undertaking of the data analysis within the banking industry should get defined with the appropriate measures and procedures to get considered during the data analysis. The IPO chart gets to contain three columns of the Input that define the appropriate data to have the problem solved. The processing that explains the procedures or activity to take place for the solving of the problem, and the output that defines the results to the problem within the banking industry of defining the business intelligence requirements that will get the enhancement of the security within the industry.
Research information
The banking industry gets to pose the highest level of competition for the winning of the customers and having the provision of the most apprenticing products and services. The fit in the competitive environment will get the banks to undertake the analysis of the operations and data for the making of decisions appropriate for the industry sustainability. The business intelligence will get the bank undertake of the analysis with the application of the appropriate technology. The business intelligence provides the following services of data analytics, reporting, measurements, collaboration and knowledge management. The banking industry has some drawbacks that will get the business intelligence appropriate. The reporting of the susceptible attacks to the security personnel gets provided by the mechanism of the business intelligence. The analytics gets through the analysis of the operations and the data. The measurement operations and analytics of the business intelligence get applied in the provision of the secure ATM services within the banking industry.
Appropriate tools that define the software and hardware should get applied for the enhancement of the security of the banking industry. The determination of the tools appropriate for the application of the business intelligence is the aim and should be the concern of the banks. The employment of the required tools will get the BI addressing very well the following areas of the banking industry business; the customer relationship management, bank performance management, enterprise risk management, the asset and liability management, and the compliance. The BI analysis solution to the bank’s credit risk management includes the security analysis (Ciric & Mircetic, 2008). The security industry professional should have the determination of the BI requirements by the running of the Business Intelligence checklist requirements.
References
Ciric, B. & Mircetic, M. (2008). Tezauri – Enterprise Banking BI/DW Solution Proposal for Banca Intesa BIH. Rzeszów: Asseco South Eastern Europe SA.
Lancaster, G. (2001). Software Design and Development: Your Step by Step Guide to HSC Success. Pascal Press.
Ubiparipovic, B. & Durkovic, E. (2011). Application of Business Intelligence in the Banking Industry.
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