Project Vision Document

1. Project Overview

Project Name: Mobile Banking App

Project Sponsor: [Project Sponsor]

Project Manager: [Project Manager]

Document Version: 1.0

Last Updated: 12/19/2024

2. Vision Statement

Create a mobile banking application for our customers to access their accounts securely and conveniently from their phones, offering a seamless experience equivalent to our online banking platform.

3. Business Objectives

• Provide customers with 24/7 access to their bank accounts via a mobile app.
• Enhance customer satisfaction by offering a user-friendly and secure mobile banking solution.
• Increase customer engagement and retention through mobile accessibility.
• Ensure the app meets the latest industry security standards.

4. Project Scope

In Scope:

• Development of a mobile banking app from scratch.
• Integration of all account types including checking, savings, money markets, CDs, IRAs, mortgages, home loans, personal loans, and credit cards.
• Implementation of security features adhering to the latest industry standards.
• Replication of all features and functionalities available on the online banking website.
• Incorporation of a greeting feature with a jingle and personalized welcome message.
• Completion and go-live by New Year's Day, 2025.

Out of Scope:

• Development of new banking products not currently offered.
• Migration of customers from other banking platforms.
• Development of features unrelated to banking services.
• Support for non-mobile platforms (e.g., desktop, tablets).

5. Stakeholders

• Project Sponsor: [Project Sponsor]
• Project Manager: [Project Manager]
• Development Team: [Development Team Members]
• QA Team: [QA Team Members]
• Security Team: [Security Team Members]
• Marketing Team: [Marketing Team Members]
• Customer Support: [Customer Support Team Members]
• Customers: End-users of the mobile banking app

6. Deliverables

• Mobile Banking App (iOS and Android versions)
• Integration with existing banking systems
• User Authentication and Security Features
• User Interface and Experience Design
• Personalized Greeting Feature
• Testing and QA Reports
• User Documentation and Help Guides

7. Assumptions

• All necessary resources will be available for the project duration.
• Stakeholders will provide timely feedback and approvals.
• Regulatory requirements will remain stable during the project timeline.
• Customers will have compatible devices to use the mobile app.

8. Constraints

• Must adhere to banking industry security standards.
• Limited time frame with a strict deadline of New Year's Day, 2025.
• Budget constraints for development and testing phases.
• Compatibility requirements with existing banking systems.

9. Risks

• Potential delays in development and testing phases.
• Security vulnerabilities during or after deployment.
• Changes in regulatory requirements affecting app features.
• Low adoption rates by existing customers.

Prepared by: Bob Frapples
Email: mikemeier@mad-tech.ai
Date: 12/19/2024