BLOG QUESTIONS

upgrading from the current system to a new system is not easy as it seems. do you think the project team has thought of every possibility of risk in this project? why do you think so?

ANS:
yes, i think the project team have thought of every possibility of risk in this project because of the following reasons:
first, CBA has been using the iFlex product, Microbanker as its core banking system since 1995 and it has helped the compny achieved it's set goals at that particular period.But now that the buisness has expanded considerably and become much more complex from a channel management perspective, the range of products on offer and geographic spread the company has to come up with a new plan to serve it's customer better. further more in order to achieve the strategic plan, the company is aiming at a long term goal which according to the article, it's stated as being "competitive and rigorous system selection process aimed at identifying a new core banking system able to meet CBA's growth objectives, with the customer at the core".this means that the project is going to be painstaking and the project team has to be carefull and accurate. risk that might be considered here may include: operational,financial,technology and software risk management.