Level 5 Project: Payment Stream Design and Implementation Autumn 2018

This project assignment details the design and implementation of a payment stream within the context of a Cesim simulation project. The learning contract outlines the student's aims, which include understanding adult learning and taking responsibility for their own development by focusing on the payment stream process. The project aims to build a portfolio of evidence, articulate the development of work-related skills, demonstrate knowledge of the project's background, and evaluate preparation effectiveness. The student justifies their project choice by highlighting the importance of a well-designed payment service for an insurance company and the need for effective team management. Methods used include SWOT analysis and agile project management to ensure flexibility and quality. The project includes a detailed timetable, evidence of accomplishment through a portfolio, and a bibliography of relevant sources. Desklib provides access to similar solved assignments and study tools for students.

Running head: PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
Name of the Student
Name of the University
Author Note

1PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
TASK1
Learning Contract Level 5 Project:
Section 1: Student and course details
Name: [Please Fill]
Tutor: [Please Fill]
Project/Placement name: Payment Stream
Section 2: Focus
Aim/Problem Statement
The discussed learning contract is aimed at negotiating a written contract between two
parties namely the learner and trainer. Being a learner I will attain motivation towards adult
learning as part of which I will take responsibility of my own learning.
To attain the objective discussed above I have assigned myself with the payment
stream from the provided case. The reason for the selection of the discussed task could be
supported by the fact that it is one of the most needed process of the project and also
vulnerable to different threats (both internal and external) which will need the understanding
of each and every aspect along with an efficient team management to cite a successful
delivery of the assigned task.

2PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
The project in discussion is aimed at detailing the payment stream of the Cesim
simulation project and hence, the focus of the learning contract is dedicated towards the
payment stream. The project will entail the process and other requirements of the project’s
payment process.
Learning Outcomes
As a result of this project I am able:
 Build a portfolio of evidence using a range of methodologies and activities (log
books; critical incident diaries; employer or supervisor feedback).
 Identify and articulate the development of work related skills mapped to evidence
drawn from either the project or placement.
 Demonstrate knowledge and understanding of the background and context relative to
the chosen project or placement opportunity.
 Evaluate the effectiveness of preparation and planning undertaken prior to the
placement or project implementation.
 It will enable the understanding of the complexity and approaches that needs to be
adopted for the designing and implementation of an automated payment process.
 Through the provided requirement and the available supportive sources develop a
schedule that is suitable for the chosen project or placement opportunity.
 The undertaking of the course will assist in development of credibility which will
boost the confident and will define the perception that will be carried out by me in
future assessments.
Section 3: Justification

3PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
The discussed project will enable me to understand the concept of work based
learning and I will gain the necessary skills to succeed in the organisation and in the process
will develop my employability quality. The skills that are being discussed includes,
creativity, leadership, communicative skills, multi-tasking and similar others. One of the most
crucial skill that will be developed as part of the process is the planning and implementation
skills. The discussed skill will not only assist me in the corporate environment but will also
offer support and assistance in my personal life. Furthermore, the project has also motivated
me to keep improving myself and as part of it I will continue to grow by learning new skills
and gaining disruptive knowledge. The project is not just offering skill development benefit
to me but will also add to my credibility because of the work based learning and in the
process is developing me as a desirable candidate for employers.
The discussed task is the payment process of an insurance company which witnesses a
major inflow as well as outflow of the capital. Hence, it is very crucial that the payment
service is designed and implemented adequately so that no gap is left for any financial
vulnerability. To attain the above discussed objective it is crucial that the assigned team puts
in their full effort and accordingly produces a successful output. An effective and efficient
team could be managed through proper leadership along with several other aspects that
includes proper communication, multi-tasking and others.
Section 4: Methods
I have chosen the project because of several reasons and the most prominent of them
is that it will assist me in making myself aware about the field that is my filed off interest.
The awareness and my passion about the field will help me to grow in the discussed field and
when I will be offered with a major project to I will be ready for it. The project will also
enable me to develop an understanding of different phases that are part of a project and will

4PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
accordingly offer me the advantage of understanding the need to ensure the success of the
phase. The phases in discussion will include the initiation phase, planning phase, execution
phase and completion phase. The success of the phases will depend upon proper requirement
collection, assessment of the risks, potential outcome detailing, budgeting & scheduling along
with approach determination and decision making. The understanding of the above
mentioned factors along with a personal dedication will assist me in development decision
making and management capabilities.
To assess the project SWOT analysis will be done. The analysis will assist in
understanding the strong genres, weak spots, determination of the threats as well as the
opportunities (Bull et al. 2016). The discussed identification will enable me to plan my future
actions accordingly. The threats will assist in development of strategies and approaches that
will be adopted by me to cope up with similar situations while the opportunities. The
identification of strength will motivate to put more effort towards it while the weakness could
be mitigated.
The method that will be selected for the development of the payment stream will be
agile project management. The discussed project management takes account of feedback
from the end-users on each step of the project (Dybå, Dingsøyr and Moe 2014). The adoption
of the discussed method will enable the team to identify the flaw and make improvements
wherever necessary. It will also ensure that the project is delivered within the budget with a
high quality of the final offering.
Section 5: Timetable
Task Name Start End
Duration
(days)
Group Meeting 23-10-2018 26-10-2018 3
Secondary Research 26-10-2018 29-10-2018 3

5PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
Planning Of Project 26-10-2018 19-11-2018 24
Allocation Of Task 19-10-2018 20-10-2018 1
Performance of Task 20-10-2018 28-11-2018 39
Group Meeting 02-12-2018 05-12-2018 3
Report Writing 06-12-2018 30-12-2018 24
Evaluation 30-12-2018 31-12-2018 1
Amendments 31-12-2018 04-01-2019 4
Group Meeting 04-01-2019 05-01-2019 1
Final check 06-01-2019 07-01-2019 1
Publish 07-01-2019 08-01-2019 1
2 6 -
2 9 -
1 9 -
2 0 -
2 8 -
0 5 -
3 0 -
3 1 -
0 4 -
0 5 -
0 7 -
0 8 -
1 9 - 1 0 - . . . 3 0 - 1 2 - . . . 0 7 - 0 1 - . . .
G r o u p M e e ti n g . . . P u b
0 5 10 15 20 25 30 35 40 45
Chart Title
Section 6: Evidence of accomplishment
By the end of this project I will produce a portfolio containing:
The learning contract and associated appendices
Project report
Supporting evidence (log books, critical incident diaries, and employer and/or tutor feedback)
Skill What I
learned?
Where
and
when I
learned
?
How I
learned?
Evidence Locatio
n of
evidenc
e
Progressi
on. What
next?

6PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
Communic
ation
Communic
ating with
a large
audience
Group
Activiti
es,
Through
the
questionin
g and
responding
to
questions.
Tutor and
group
discussion.
1. Presen
tation
Slides
2. Hando
ut
Copy
3. Feedb
ack
notes
Printed
portfolio
and
digital
data.
Further
improving
my skills
by
emphasizi
ng myself
in position
where I
can gain
more
communic
ative
skills.
Time
manageme
nt
Timely
completion
of assigned
task.
When
assigne
d with
module
assignm
ent.
Through
maintainin
g a time
schedule.
On time
submitted
assignment.
On time
delivery
of the
Project
delivera
bles.
Improvem
ent of
delivery
timing.
Managing
human
resources
Efficient
and
effective
use of the
human
resources.
During
the
project
executio
n
By
managing
other
project
associate
and
Project
report.
The
project
report.
By
developin
g a
strategy to
enhance
human

7PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
assigning
them their
responsibil
ities.
resource
manageme
nt.
Presentatio
n skills
Presentatio
n of
informatio
n
During
Course
and
Project
work.
While
sharing
informatio
n with the
human
resources.
Within
communicati
on
management
plan.
The
project
report.
Improving
my
presentatio
n skills.

8PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
Section 7: Bibliography
Anderson, G., Boud, D. and Sampson, J., 2014. Learning contracts: a practical guide.
Routledge.
Bull, J.W., Jobstvogt, N., Böhnke-Henrichs, A., Mascarenhas, A., Sitas, N., Baulcomb, C.,
Lambini, C.K., Rawlins, M., Baral, H., Zähringer, J. and Carter-Silk, E., 2016. Strengths,
Weaknesses, Opportunities and Threats: A SWOT analysis of the ecosystem services
framework. Ecosystem Services, 17, pp.99-111.
Chalkidis, I. and Androutsopoulos, I., 2017, December. A Deep Learning Approach to
Contract Element Extraction. In JURIX (pp. 155-164).
Dybå, T., Dingsøyr, T. and Moe, N.B., 2014. Agile project management. In Software project
management in a changing world (pp. 277-300). Springer, Berlin, Heidelberg.
Maneewan, K., Thinuan, P., Lorga, T. and Intharacha, W., 2017. CONTRACT INQUIRY-
AND ACTIVITY-BASED LEARNING (CIA LEARNING) IN ACTIVITY-BASED
LEARNING COURSE. In ANPOR Annual Conference Proceedings (pp. 127-127).
Mombaur, K. and Clever, D., 2015, March. Project Acronym: KoroiBot Project Type:
STREP Project Title: Improving humanoid walking capabilities by human-inspired
mathematical models, optimization and learning Contract No.: 611909. In International
Conference on High Performance Scientific Computing.
O’Grady, C., 2016. MODULE SPECIFICATION FORM. Contract, 100, pp.4-000.
Powell, R. and Wells, P., 2015. Talent Match Evaluation and Learning Contract: Briefing
Report. Sheffield: SHU.

9PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
Rudolph, J.W., Raemer, D.B. and Simon, R., 2014. Establishing a safe container for learning
in simulation: the role of the presimulation briefing. Simulation in Healthcare, 9(6), pp.339-
349.
Zhang, C., Bai, X. and Gu, F.F., 2018. Contract learning in the aftermath of exchange
disruptions: An empirical study of renewing interfirm relationships. Industrial Marketing
Management, 71, pp.215-226.

10PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
Appendices:
Skill What I
learned?
Where
and
when I
learned
?
How I
learned?
Evidence Locatio
n of
evidenc
e
Progressi
on. What
next?
Communic
ation
Communic
ating with
a large
audience
Group
Activiti
es,
Through
the
questionin
g and
responding
to
questions.
Tutor and
group
discussion.
1. Presen
tation
Slides
2. Hando
ut
Copy
3. Feedb
ack
notes
Printed
portfolio
and
digital
data.
Further
improving
my skills
by
emphasizi
ng myself
in position
where I
can gain
more
communic
ative
skills.
Time
manageme
nt
Timely
completion
of assigned
task.
When
assigne
d with
module
assignm
ent.
Through
maintainin
g a time
schedule.
On time
submitted
assignment.
On time
delivery
of the
Project
delivera
bles.
Improvem
ent of
delivery
timing.
Managing
human
resources
Efficient
and
effective
use of the
human
resources.
During
the
project
executio
n
By
managing
other
project
associate
and
assigning
them their
responsibil
ities.
Project
report.
The
project
report.
By
developin
g a
strategy to
enhance
human
resource
manageme
nt.
Presentatio
n skills
Presentatio
n of
informatio
n
During
Course
and
Project
work.
While
sharing
informatio
n with the
human
resources.
Within
communicati
on
management
plan.
The
project
report.
Improving
my
presentatio
n skills.

11PROJECT/PLACEMENT DESIGN AND IMPLEMENTATION
Project Study Log
Name: Omobolanle Iddrisu
Tutor: Gerhardt Trevor
Project/Placement: Project
Date of
event
What was the
development
activity?
What was I
expecting to learn?
What have I
learned?
How will I apply this
learning?
Please fill
Group Meeting
Understanding the
team and
communicating
Understanding team,
coordinating and
communicating
In team management
Please fill
Secondary Research
Collecting data Conducting Secondary
Research
Before starting a job I
will conduct research
to understand the
requirements.
Please fill
Planning Of Project
Planning of the
project
Planning &
Scheduling
I will use it in real
world projects.
Please fill Allocation Of Task Allocation of task Allocation of task
based on skills
I will use the learning
in real-world projects
so that maximum
output can be derived
from the team