Agile Solutions Improving Financial Integrity Essay

Agile Solutions: Improving Financial Integrity In many large corporations managing waterfall projects, the first hurdle is typically passing a capital rationing process. This often amounts to project justification through a business case, comparison of ROI, or other such metrics, against those of other projects competing for the same capital allocations. The process usually culminates with allocation of funds to complete the chosen strategic projects. There are many shortcomings of this method and the unacknowledged compromises made during this process are many. In order to get an initial budgetary allocation, rough estimates must be made as to the cost and timeline of the project - quite often without gathering complete (or any) requirements for the project. While this may be useful for making rough comparisons with other projects competing for funds, it isn t historically as accurate as it should be. Accordingly, with the requirements neither clearly nor accurately defined at this stage, these estimates are highly prone to error. After the project is funded, earnest requirements gathering and assessment begins, and project manager(s) begin to determine the best path to finish the project in the promised time frame without going over budget. With the bulk of requirements definition, collection, and interpretation occurring after budget allocation, projects ultimately must make the compromise to produce the most effective features possible with the budget that wasShow MoreRelatedObtaining The Position As Senior Business Analyst1405 Words   |  6 Pagesself-motivated, proactive, result and process oriented professional with 7+ years of experience in Credit Analysis and operation in banking industry.3+ years of experience in Business Analysis with outstanding record of analyzing software applications, improving business processes, conducting strategic planning and performing market research to enhance the overall organizational performance. †¢ Master s in Business Administration, graduate certification in Information System Business Analysis and currentlyRead MoreBenefits Of Imitation Over Innovation As An Effective Product Development Strategy891 Words   |  4 Pagesneeds of new customer segments or new markets. 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