Implementation Proposal for MIS in Bank of Queensland

Title- Implementation proposal for MIS in Bank of Queensland
Affiliation-
Name-
Position-
Date- 22nd January 2019
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Covering letter to Sponsor
January 22, 2019
Bank of Queensland
Queensland
Dear Sir,
It is with great pleasure that I would like to offer Bank of Queensland with a prospect
to become a prised sponsor of new proposed “Management Information System.” We have
prepared this system for the ease of banking and financial services. This system will help in
exploring the existing issues of the banking system and assist in solving it. This proposed
MIS system will also analyse the internal and external operating environment and then act
accordingly.
We have seen that you are using the valuable Information system previously. We
genuinely believe that the new MIS system will offer valuable assistance to your company.
The details of the total cost of the new MIS system expected from your company will
be mailed you. Please feel free to contact us for more information on the new system.
Sincerely Yours,
Name ( ___ )
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Table of Contents
Covering letter to sponsor..........................................................................................................2
Executive summary....................................................................................................................4
Introduction................................................................................................................................6
Discussion of SDLC...................................................................................................................7
About Organization....................................................................................................................9
Discussion of its internal and external operating environments................................................9
Clearly identify the problem/opportunity for IS/IT.................................................................11
Justification on the selection of proposed system....................................................................12
Explanation on how information system support the strategic goals of BOQ.........................13
System analysis and system design for the intended system...................................................15
Explain how the system will be developed, tested and implemented......................................16
Discuss post-implementation activities....................................................................................17
Discuss project management, risk management and change management associated with the
implementation.........................................................................................................................17
Conclusion................................................................................................................................18
References................................................................................................................................20
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Executive summary
The growth of competitive international environment has resulted in the pressure on
various companies, in order to make their process of tactical, operational, and strategic more
effective and efficient. An Information system is the collection of elements which can
enhance the competitiveness and attain better information for taking a decision. Presently,
companies are moving in the race for improving the capability to stay in the global
competition of the new era international market. That’s why companies are trying to improve
their level of agility by enhancing the process of decision making to become sufficient for
fulfilling the strong market fluctuations. In order to attain this, various modern mid or large
size companies hold concern about the ongoing progressive investment cycle, so that they can
adopt the elements of management information systems.
Subsequently, various companies have taken the decision to implement the
information system for enhancing the efficiency and effectiveness of the companies.
Nevertheless, due to the failure to have awareness about various challenging problems going
around the process of implementation can become problematic for the complete process.
Besides this, the issues occurring due to lack of essential success issues looks a challenging
hindrance in the implementation process of a management information system (MIS). Along
with this, the implementation of MIS has impacted the company, and these impacts are
associated with the results of the business process. Subsequently, this problem is essential for
the company to be referred while implementing the new Management Information System
(MIS) in the company. This report aims to propose the MIS that has system approach for the
banking institution, which can help in exploring the existing issues and help in solving it.
This proposal will discuss the system development lifecycle model and will analyse the
internal and external operating environment. This report will explore the issues and provide
justification on the selection of the proposed system.
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Introduction
The MIS system will be provided to the Bank of Queensland (BOQ). The BOQ is
working for the keeping information of accounts, withdrawal (by cheque/cash), and for
deposit amount. Through the help of new MIS, the bank can easily keep the day to day
banking transactions. The objective of this report is to prepare a proposal for the system
applications that can maintain and offer the user-friendly interface for collecting customer
details in less time and with complete accuracy (Adebayo, 2007). MIS will be completely
computerized; therefore, it’s not a time-consuming process. In this system, no paper will be
needed and can be easily implemented. The system will also facilitate the inclusion of new
customer accounts, deletion of previous account and modification in the current customer
account. In order to explore the individual accounts for the specific customer, all transactions
will be shown, and any account can be easily opened in less amount.
The primary objective of the system is:
 To permit the authorized users to access the different functions available in the MIS
system easily.
 Easily explore the account wanted by the user.
 Minimize the clerical job, because computers will complete most of the work.
 Offer the high speed and minimization of time.
 To enhance the account number and customers
 It minimizes the manual workload and provides instant information
 The system will maintain the account list, along with balance status and customer
record (Ajayi and Fadekemi, 2007)
 The system will be user-friendly so that new users can efficiently operate the package
and efficiently manage their account status and balance.
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