Scope Statement Version 1.

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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.