Design and Implementation of E-Transaction System for the Bank Industry
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This project proposal aims to develop and implement an e-transaction system for the bank industry. It includes aims and objectives, background research, description of resources and skills, action plan, and risks.
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Running head: PROJECT PROPOSAL Project Proposal Design and implementation of e-transaction system for the bank industry Name of the Student: Student ID: Name of the University: Author’s note:
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1PROJECT PROPOSAL Table of Contents Section 1: Aims and Objectives.......................................................................................................2 Project Aims................................................................................................................................2 Core Objectives...........................................................................................................................3 Advanced Objectives...................................................................................................................3 Section 2: Background Research.....................................................................................................4 Section 3: Description of Resources and Skills...............................................................................5 Required Resources.....................................................................................................................5 Required Skills.............................................................................................................................6 Section 4: Action plan.....................................................................................................................6 Action Plan..................................................................................................................................6 Gantt chart...................................................................................................................................7 Section 5: Risks...............................................................................................................................8 Risk Identification.......................................................................................................................8 Risk Analysis...............................................................................................................................9 Section 6: Legal, Social, Ethical and Professional Issues...............................................................9 Bibliography..................................................................................................................................11
2PROJECT PROPOSAL Section 1: Aims and Objectives Project Aims The following is aresearch proposal developed for the implication of the research project for the implied and effective work alignment. The completion of the research would help in the information processing for the formation of the improved information development. The aims of the project include, Development of documentation:the development of documentation of the project proposal, plan, budget, and other tools of project management would help for execution of the research project of Design and implementation of e-transaction system for the bank industry. The step by step documentation not only helps progressing of the works, but also form the checking and monitoring of the project works. Moreover, it can help in future projects and operations for the organization. Collection of the information:The information collection on the architectural home designs have been supported by the usage of the authentic work alignment and listing of the proper management works. The information collection on architectural work development would be eased with the improved work development and management. The information collection would support the utilization of the impactful work can be implied with the continuation of the innovative alignment management. Formation of strategies:the strategy would be formed for the deployment of the innovative tools and techniques. The strategy would form the listing of the successful work deployment. The strategy would be developed with the continuation of the implied work
3PROJECT PROPOSAL management and development of the implied work development. The implication of the effective strategies have listing would be formed with the innovative work alignment. Core Objectives The research project of Design and implementation of e-transaction system for the bank industry would be deployed for the collection of the information on the topic using various authentic resources and information. The core objectives of the research project are, Determination of the operational requirements and documentation for the project execution and the alignment of the operational work completion Developing projectplan for the executionwould be aligned with the task alignment and the utilization of iterative approach Develop functional and non-functional requirements for the deployment of the effective alignment of the research project Development of the strategies for the improved work function alignment for the utilization of designing and development Completionofthesystemdevelopmentusinginnovativeworkalignment management and technology development Advanced Objectives To design the system using sustainable practices and work alignment for the development of e-transaction system To perform testing and deploying effective interface management process for the formation of the innovative functions
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4PROJECT PROPOSAL Evaluation of the system developed for the bank industry to execute the e- transactions of the customers and integrating the storage To store the information in a modified platform for accessing information from the various location and providing it to the required Section 2: Background Research There are many studies and paper that helps in understanding the formation of the effective list alignment and development.According toRyan and Zhu (2018),the research projects would be deployed for the collection of the information on the topic using various authentic resources and information. It is very important for the execution of the innovative work alignment. The development of the information would support the formation of the future operations and functions. The analysis of the activities would be formed with the deployment of the facilities and integration of the works(Wei, Shen, Chen and Chen 2017). The information would be successfully developed with the implication of the innovative alignment of the works. The information would be collected with the implication of the new strategies of the implied management processing. The development would be implied for forming the deployment management. The effective usage of the resources would encompass the formation of the system. The non-tangible resources like internet connectivity, principles of the project management, and online journals and articles would be the major factor for the continuation of the project works (Mithani, Salsburg and Rao 2018). The humans would help in execution of the works like system designing, developing, project planning, cost estimation, and other works like documentation. The computer system would help in execution of all the major works related to the e-transaction system for the bank industry. The alignment of the operations would imply the formation of the successive formation of the improved innovation alignment. The principles of the project
5PROJECT PROPOSAL management would be very helpful in the integration of the works and formation of the project planning and estimation(Wang and Kogan 2018).The online journals and articles would support the formation of the works for the project. Section 3: Description of Resources and Skills Required Resources TherequiredresourcesfortheexecutionoftheresearchprojectofDesignand implementation of e-transaction system for the bank industry can be divided into tangible and non-tangible. The resources like human, computer system, hardware, and other papers would be the tangible resources required for the execution of the project. The required resources would support the documentation and the execution of the system development for the e-transaction processes of the bank industry. The effective usage of the resources would encompass the formation of the system. The non-tangible resources like internet connectivity, principles of the project management, and online journals and articleswould be the major factor for the continuation of the project works. The humans would help in execution of the works like system designing, developing, project planning, cost estimation, and other works like documentation. The computer system would help in execution of all the major works related to the e-transaction system for the bank industry. The facilities for the integration of the risk management would be developed with the consideration of the improved facility management. The performance issues and the alignment issues would result in forming successive management formation. The risk formation would ensure the compilation of the management works so that the analysis would comprehend the formation of the effective alignment management. The completion of the works would include the significant formation of the integrated work alignment. The development of
6PROJECT PROPOSAL the information would support the formation of the future operations and functions. The completion of the research would help in the information processing for the formation of the improved information development. The information would be successfully developed with the implication of the innovative alignment of the works. The information would be collected with the implication of the new strategies of the implied management processing. The alignment of theoperationswouldimplytheformationofthesuccessiveformationoftheimproved innovation alignment. The information listing management had employed the formation of the innovative work alignment and management. The hardware and other papers would be used for the respective works of the project and development of the e-transaction system for the bank industry. The principles of the project management would be very helpful in the integration of the works and formation of the project planning and estimation. The online journals and articles would support the formation of the works for the project. Required Skills A number of skills would be required for the documentation of the operations for the completion of the project works. The project would include the skills ofprogramming, planning, budgeting, documenting, analytics, anddesigning. The completion of the works would include the significant formation of the integrated work alignment. The development of the information would support the formation of the future operations and functions. The completion of the research would help in the information processing for the formation of the improved information development. The information would be successfully developed with the implication of the innovative alignment of the works. The information would be collected with the implication of the new strategies of the implied management processing.
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7PROJECT PROPOSAL Section 4: Action plan Action Plan Theprojectactionplanwouldincludetheplanning,designing,developing,and documenting the e-transaction system for the project of Design and implementation of e- transaction system for the bank industry. The actions taken in the development of the system were, Topic Selection:The first aspect of the project is the selection of the topic for the study and getting it approved from the lecturer ensuring that the topic selected can be agreed upon for study Information Gathering:Collection of the information for the development of the innovative work alignment and management. Implication of Project Management:Project management would help in the execution of the works for the formation of the improved work consideration. Utilization of Design Principles:Design principles would help in developing the design for the e-transaction system for the bank industry Execution of the Development:The system developed would be designed for the bank industry and the users would be able to use it. Well Structure Documentation:The documents would be developed for the project so that the works can be tracked and monitored. Gantt chart
8PROJECT PROPOSAL The following is the Gantt chart for the project of Design and implementation of e- transaction system for the bank industry, IDTask Mode WBSTask NameDurationStartFinishPredecessors 00Design and implementation of e-transaction system for the bank 85 daysMon 04-02-19Fri 31-05-19 11Planning24 daysMon 04-02-19Thu 07-03-19 21.1Requirements Analysis3 daysMon 04-02-19Wed 06-02-19 31.2Design and Development9 daysThu 07-02-19Tue 19-02-19 41.2.1Create Core Classes and Methods3 daysThu 07-02-19Mon 11-02-192 51.2.2Implement Database and Database Class3 daysTue 12-02-19Thu 14-02-194 61.2.3Start Implementation of Controller Class3 daysFri 15-02-19Tue 19-02-195 71.3Testing6 daysWed 20-02-19Wed 27-02-196 81.4Evaluation6 daysThu 28-02-19Thu 07-03-197 92Operation27 daysFri 08-03-19Mon 15-04-19 102.1Requirements Analysis3 daysFri 08-03-19Tue 12-03-198 112.2Design and Development12 daysWed 13-03-19Thu 28-03-19 122.2.1Implement Upload and Retrieval Functionality3 daysWed 13-03-19Fri 15-03-1910 132.2.2Implement Document Generation Functionality 3 daysMon 18-03-19Wed 20-03-1912 142.2.3Referral System Implementation3 daysThu 21-03-19Mon 25-03-1913 152.2.4Complete Implementation of Controller Class3 daysTue 26-03-19Thu 28-03-1914 162.3Testing6 daysFri 29-03-19Fri 05-04-1915 172.4Evaluation6 daysMon 08-04-19Mon 15-04-1916 183Testing4 daysTue 16-04-19Fri 19-04-1917 194Functional Testing4 daysMon 22-04-19Thu 25-04-1918 205Non-Functional Testing4 daysFri 26-04-19Wed 01-05-1919 216Usability Testing4 daysThu 02-05-19Tue 07-05-1920 227Final Implementation10 daysWed 08-05-19Tue 21-05-1921 238Technical Documentation5 daysWed 22-05-19Tue 28-05-1922 249User Documentation3 daysWed 29-05-19Fri 31-05-1923 2510Project Closed0 daysFri 31-05-19Fri 31-05-192431-05 0106111621260308131823280207121722270207121722270106 February 2019March 2019April 2019May 2019June 2019 Section 5: Risks Risk Identification The identified risk factors for the project of Design and implementation of e-transaction system for the bank industry include time restraints to implement key features, broad functional requirements, use of immature technologies, personal shortfalls, and high level of technical complexity. The identified risk factors would result in forming major uptake and formation of the innovation management. The facilities for the integration of the risk management would be developed with the consideration of the improved facility management. The performance issues and the alignment issues would result in forming successive management formation. The risk formation would ensure the compilation of the management works so that the analysis would comprehend the formation of the effective alignment management. The information listing management had employed the formation of the innovative work alignment and management.
9PROJECT PROPOSAL The categorization of the issues and risks into the classifications of resource usage and performancerisks,schedulingandtimingrisks,requirementmanagementrisks,system functionality risks, and personnel management risks. The completion of the risk identification would be done for ensuring the formation of the utilization of the implied work formation. The risk would be analyzed with the continuation of the improved analysis management. Risk Analysis RiskHighlevelof technical complexity Time restraints to implementkey features. Broad functional requirements Theuseof immature technologies Personal Shortfalls Categ ory Resourceusage and performance risks Schedulingand timing risks Requirement management risks System functionality risks Personnel managemen t risks Likel ihood 22332 Cons eque nce 44343 Score889126 Over all Risk MediumMediumMediumHighMedium Section 6: Legal, Social, Ethical and Professional Issues CategoryIssue Explanation Legal IssuesThe legalissuesof thesystemdevelopmentissueincludethe formation of the copyright and data protection infiltration issues. Theseissueswouldberesultedbytheformationofthedata alignment and formation for the information alignment. The transfer of the information can result in forming the integration of the works.
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10PROJECT PROPOSAL The legal issues can be sorted out by the use of the innovative work function alignment. Social IssuesThe social issues of the data analysis factor would be listed by the issues in the integrity, confidentiality, and accessibility issues for the data integration. The new system modulation would ensure the formationofthesuccessivealignmentoftheworksandits formation.Theimplicationwouldhelptheminformingthe management of the successive formation of the improved work development. Ethical IssuesThe expansion of the works would be formed with the continuation and management of the data and information. However the issues of attacks on the integrity, confidentiality, and accessibility for the information would be supported by the formation of the innovative alignment of the works. The ethical considerations of the innovative work compilation. Professional IssuesThe work completion issues would result in forming the major alignment issues for the organization. The professional work c
11PROJECT PROPOSAL Bibliography Ailamaki, A., Liarou, E., Tözün, P., Porobic, D. and Psaroudakis, I., 2015, April. How to stop under-utilizationandlovemulticores.InDataEngineering(ICDE),2015IEEE31st International Conference on(pp. 1530-1533). IEEE. Arasu, A., Eguro, K., Joglekar, M., Kaushik, R., Kossmann, D. and Ramamurthy, R., 2015, April.Transactionprocessing on confidentialdatausing cipherbase.InData Engineering (ICDE), 2015 IEEE 31st International Conference on(pp. 435-446). IEEE. Çetintemel, U., Abadi, D., Ahmad, Y., Balakrishnan, H., Balazinska, M., Cherniack, M., Hwang, J.H., Madden, S., Maskey, A., Rasin, A. and Ryvkina, E., 2016. The aurora and borealis stream processing engines. InData Stream Management(pp. 337-359). Springer, Berlin, Heidelberg. Ding,Z.,Wei,Z.andChen,H.,2017.Asoftwarecyberneticsapproachtoself-tuning performance of on-line transaction processing systems.Journal of Systems and Software,124, pp.247-259. Kristensen, L.M., Taentzer, G. and Vaupel, S., 2017. Towards verification of connection-aware transaction models for mobile applications. InProceedings of the International Workshop on Petri Nets and Software Engineering (PNSE 2017)(pp. 227-228). Kumar,D.andGoyal,N.,2016,September.SecurityissuesinM-commerceforonline transaction.InReliability,InfocomTechnologiesandOptimization(TrendsandFuture Directions)(ICRITO), 2016 5th International Conference on(pp. 409-414). IEEE. Kune, R., Konugurthi, P.K., Agarwal, A., Chillarige, R.R. and Buyya, R., 2016. The anatomy of big data computing.Software: Practice and Experience,46(1), pp.79-105.
12PROJECT PROPOSAL Lambert, S.L., 2017. Auto Accessories, Inc.: An Educational Case on Online Transaction Processing (OLTP) and Controls as Compared to Batch Processing and Controls.Journal of Emerging Technologies in Accounting,14(2), pp.59-81. Mithani, M.F., Salsburg, M.A. and Rao, S., 2018. A decision support system for moving workloads to public clouds.GSTF Journal on Computing (JoC),1(1). Moody, G.D., Lowry, P.B. and Galletta, D.F., 2017. It’s complicated: explaining the relationship between trust, distrust, and ambivalence in online transaction relationships using polynomial regressionanalysisandresponsesurfaceanalysis.EuropeanJournalofInformation Systems,26(4), pp.379-413. Peters, G.W. and Panayi, E., 2016. Understanding modern banking ledgers through blockchain technologies: Future of transaction processing and smart contracts on the internet of money. InBanking Beyond Banks and Money(pp. 239-278). Springer, Cham. Ryan, S.G. and Zhu, C., 2018. Fintech Isn’t So Different From Traditional Banking: Trading Off Aggregation of Soft Information for Transaction Processing Efficiency. Sompolinsky, Y. and Zohar, A., 2015, January. Secure high-rate transaction processing in bitcoin. InInternational Conference on Financial Cryptography and Data Security(pp. 507- 527). Springer, Berlin, Heidelberg. Wang,Y.andKogan,A.,2018.Designingconfidentiality-preservingBlockchain-based transaction processing systems.International Journal of Accounting Information Systems,30, pp.1-18.
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13PROJECT PROPOSAL Wei, X., Shen, S., Chen, R. and Chen, H., 2017, July. Replication-driven live reconfiguration for fastdistributedtransactionprocessing.InProceedingsoftheUSENIXAnnualTechnical Conference(pp. 335-347). Zamanian, E., Kraska, T., Herlihy, M. and Zdonik, S., 2015. Transaction Processing over High- speed Networks.