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Project Scope Statement

The Stock Monitoring System project aims to develop a software application that displays live stock data and historical stock information for users to track their stock portfolios. The application will collect stock data every 15 minutes from a web service and store it in a relational database. Users will be able to create profiles to add, delete, and modify their stock holdings and view graphical representations of the stock data. The project deliverables include setting up project infrastructure, developing the web service, software application, and database to centrally manage and display stock portfolios for users. The project will be deemed successful based on meeting key performance indicators around monitoring stock information and integrating the data for users to keep records of their stock holdings.

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2K views

Project Scope Statement

The Stock Monitoring System project aims to develop a software application that displays live stock data and historical stock information for users to track their stock portfolios. The application will collect stock data every 15 minutes from a web service and store it in a relational database. Users will be able to create profiles to add, delete, and modify their stock holdings and view graphical representations of the stock data. The project deliverables include setting up project infrastructure, developing the web service, software application, and database to centrally manage and display stock portfolios for users. The project will be deemed successful based on meeting key performance indicators around monitoring stock information and integrating the data for users to keep records of their stock holdings.

Uploaded by

api-3806367
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Scope Statement Version 1.

0
Date: Sep 16th, 2008
Project Name: Stock Monitoring System

Project Justification

Requirements
• Stock Monitoring System is design to display live stock data and its graphical
representation. The users can create profiles and add/delete/modify their stock
information as interested. Also, they can view the historical stock data.
• It will provide flexibility to view stocks and prevent the negative customer
experience. Users can link of their stock data which benefits them in storing their
own interested data.

Product Characteristics
• Stock Monitoring System is a software application
• It will provide the live stock data and its graphical representation
• It will collect the data and store it in database every 15 minutes
• The historical stock data is available for users

Deliverables

Project Management-Related Deliverables:


• Business Requirements
• Business Case
• Project infrastructure set up (tools & processes)
• Project Charter
• Gantt Chart and Project Schedule
• Technical Feasibility
• Technical Architecture Strategy
• Work Breakdown Structure

Product-Related Deliverables:
• Web Service
• Software application’s part pulling the data from the Web Service and storing it in
the database. The data is entered into the database every 15 minutes.
• The database is a relational database designed already before the application can
store the database.
• The application will pull the data from the database it display it to respectable
users of the application.
Project Success Criteria:
• Key Performance Indicators (KPI) (KPI) are met. i.e. the factors that will tell
the objectives of the project are met. These could be the numbers/statistics to tell
the success.
o The objective of the project is to monitor the stock information and
integrate the data so that users can keep record of their stocks.
o It will help the stock watchers to arrange their stocks. The profiles enable
them to keep their stock records
• Critical Success Factor (CSF):
o Money: positive cash flow, revenue growth, and profit margins
o Your future: Acquiring new customers and/or distributors
o Customer satisfaction: How happy are they?
o Quality: How good is your product and service?
o Product or service development: What's new that will increase business
with existing customers and attract new ones?
o Intellectual capital: Increasing what you know that's profitable.
o Strategic relationships: New sources of business, products and outside
revenue.
o Employee attraction and retention: Your ability to do extend your reach.
o Sustainability: Your personal ability to keep it all going.

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