Project scoping

A key objective of the Process Models is to support strategy and project scoping. This is facilitated by aligning executive-level goals and objectives with the general policies and directives throughout the organization. The supporting business and IT Industry Models can identify key areas that benefit from:

• Redevelopment
• Business improvement
• Reengineering

This is achieved by prioritizing areas for underlying process change, assessing the benefits and justification for change and reviewing this with the sponsoring executive or executive group.

Once the business strategy, organizational structure and processes have been aligned, the IT department can ensure that proposed solutions are equally well-aligned. The result of this cross-functional dialog:

• Development of IT solutions meets the functional requirements determined by the business
• Aligned with strategy, so that it delivers sustainable value to the organization

The Industry Models enable users to understand the scope and impact of new or existing business issues or initiatives, starting with an analysis of value chains. These are end-to-end representations that analyze supported content for a functional area, such as:

• Payments
• Lending
• Wealth management

It breaks an area such as payments down into lifecycle states, and provides valuable business and IT planning that can influence project scope definition. Attached to each lifecycle state are supporting business processes in our catalog, such as:

• Administer Standing Order Mandate
• Administer Outpayment

This is not an exhaustive list, but examples of the primary support areas that can be investigated further by the project team.

Alternative Project Scoping include the Business Function terms in the Banking and Financial Market Vocabulary, and external capability models such as BIAN.