DEMO applied to Financial Services

DEMO applied to Financial Services

Boedhram, V.R.K.
Algoe, S.S.R.W.

Dietz, J.L.G. (mentor)

Electrical Engineering, Mathematics and Computer Science

Software Technology

2009-08-28

Often organizations do not exactly know what they desire, when it comes to information systems. Professional companies like ForMetis are needed to give advice and design tailor made information systems for organizations that have the need of it. To do so, one usually uses a software developing methodology. ForMetis has developed such a methodology with their ten year of experience (The ForMetis methodology). The DEMO methodology is a powerful tool that has proven itself successful in the modeling of organizations. DEMO methodology models the essence of an organization and claims to be coherent, consistent, comprehensive and concise. It is a very powerful tool for identifying transaction of an organization and also the communication with the external actors. DEMO can be used as an aid to design information systems and can check the completeness of these systems whether it covers the essential business processes. The ForMetis methodology consists of the following phases: planning, analysis, design, implementation and system. The analysis and design phase are the most important phases. In these phases requirements are retrieved in an informal way and are written on large sheets, which are not reusable. Informal specifications are made and often the implementation is the specification. The new, so called F-DEMO methodology was discussed and a postmortem case (intermediary) was used to illustrate the added value of DEMO. The new methodology is the ForMetis methodology extended with DEMO in the analysis and design phase. In these phases the Construction Model, Proces Model and the State Model are added. These models are a valuable addition to the derivation of requirements and the making of specifications. In order to evaluate the use of F-DEMO a survey was held to check how many of the findings that were raised when producing the information system at the intermediary could be prevented. The findings were categorized in implementation, requirements, usability, misunderstandings, wishes and irrelevant types. From all these findings 33,1 percent could be prevented using the new methodology. The project time is also reduced. Therefore, the recommendation is to start using the F-DEMO methodology in future projects.

DEMO
Financial Service
Services
Business Processes
Business
Intermediary
Software Development
Information System
Methodology
Electronic Dossier

http://resolver.tudelft.nl/uuid:1999a3fb-36c2-4898-95a4-bc2040858780

2009-08-28

Student theses

master thesis

(c) 2009 Boedhram, V.R.K.; Algoe, S.S.R.W.