SWE 440 CTU Financial Management Information System Software Development Plan Report

The CIO has also informed you that you must select software development methodology for the company’s proposed financial management system. Please choose from the following methodologies and create a software development plan:

• Traditional (Waterfall, Incremental, Spiral, etc.)
• Agile (Scrum, Crystal, Adaptive, Feature-driven, DSDM, etc.)

Extreme Programming (XP)

You will use the software development model that you selected as the basis for your assignments for the remaining weeks of the course. The initial business requirements for the financial management system are outlined below.

The new system should be an end-to-end enterprise financial management solution designed to meet the needs of the most complex, multinational organizations. The ERP solution should be comprised of a robust set of applications that support all aspects of financial business activities and are listed below:

• Financial and management accounting: Financials provides core accounting and reporting capabilities with scalability to support the requirements of large multinational companies. Key features and functions include the following: Fixed asset, accrual, bank, cash journal, inventory, and tax accountingGeneral ledgerAccounts receivable and accounts payable AR/APFast close functionsFinancial statementsParallel valuations
• Financial supply chain management: The module should be a set of applications to help streamline receivables and collections management processes. These integrated solutions should help reduce operating costs and improve cash flow and reduce days’ sales outstanding. The application should include the following application functionality: Credit managementBiller directDispute managementCollections management

Treasury applications: The treasury applications should provide robust cash, liquidity, and financial risk management capabilities that enable you to more precisely manage cash, mitigate financial risks, and streamline bank interactions and payment processes. This application should contain the following application functionality: Cash and Liquidity Management Helps you monitor and manage cash flow and liquidityGenerates comprehensive and timely cash forecasts and plans In-House Cash Enables centralized control of banking balances, cash management, and paymentsReduces costs of interunit payments, transfers, and bank fees Treasury and Risk Management Models risk scenarios and executes mitigation strategiesReduces your organization’s financial risk levels and ensures regulatory compliance Bank Communication Management Streamlines and optimizes corporate-to-bank communicationsProvides straight-through processing, improved payment control, and lower processing costs

Assignment:

Select a Software Development Methodology

Your task is to create a software project plan, with a Key Assignment using the software development methodology you selected for the financial management software project. You are also required to describe the advantages and disadvantages of using the method you selected for the assignment.

You must outline the project plan based on the weeks that are inherent with the software development methodology selected and incorporate the financial management system business requirements outlined in the background section above.

Use Microsoft Project to capture the task and steps for the software development methodology you selected. also develop a report for the CIO that will outline how you plan to incorporate the ISO standards and IEEE standards into the overall project development effort. Make sure that you incorporate code review and continuous improvement cycles along with tasks to ensure that the standards outlined are incorporated in the software project plan.