Transition to Agile SDLC in Financial Institutions

Running head: PROPOSED PROJECT MANANGEMENT RESEARCH TOPIC
1
Proposed project management research topic
Name:
Transition to Agile SDLC in Financial Institutions

PROPOSED PROJECT MANANGEMENT RESEARCH TOPIC 2
Keywords and Parameters used in search
to narrow or broaden topics
Number of Results
1.Agile project management 1104
2.Financial institutions 220
3.project management 17
4. Research process 9

PROPOSED PROJECT MANANGEMENT RESEARCH TOPIC 3
From the resources listed in Section 1, the HU library (Research Step by Step and Credo
Reference) was the most helpful. First, it aided in understanding efficient ways of conducting the
topic search of interest. This was through the use of quotations marks to search for the exact
phrases. Secondly, it expounds on the importance of understanding the relationship between the
similar topics that arise and what to majorly focus on as expected. Finally, it assists in outlining
the research questions related to what is to be met at the end of the study. Information gathered,
and assumptions made when using the Credo tool generally benefits in following the guidelines
of the assignment and narrowing it down. It filters the topics to the main area of interest.
The research process is a numerous step method that involves locating, identifying,
assessing, and analyzing different types of information to produce your conclusion. It is clear
from this process that one needs to settle on a primary focus of interest as the topic may be too
broad. This becomes easy to detail on the study since the topic is now manageable. The selected
topic must then be understood clearly in terms of the background information, keywords, and
variables associated with it. Definition of the research questions during this process is essential.
It gives you different dimensions to view the topic and expand on it. This makes it very easy to
exhaust almost all the facts regarding the research topic as you are able to tell whether you have
collected enough information to begin writing the project.
Agile project management allows shorter development periods, leads to customer
satisfaction at a high rate, and reduce software defect. In the financial institutions, some
challenges are faced, such as a rise in demand for convenience banking using online and mobile
banking. While trying to adopt the technological advancements, these institutions have to
undergo considerable changes in risk management systems, financial systems, and, payment
processing systems as they are trying to serve their customers. On the bright side, agile
adaptation simplifies the software development process, reduces risk, improves engineering
discipline, increase productivity and, accelerating marketing time. Due to these advantages, the
financial institutions are implementing agile at a very high rate using simplified methods. These
methods ensure successful transitioning from traditional to agile development approaches. A few
of them include; acquire a coach to train the team, develop an overall plan, and a roadmap, use of
secure management commitment before starting the program, and provide transparency to the
team.