Simplify Savings Prototype Presentation Jacob Berlin, Travis Reid, Miranda Smith, Kele McKaig, Jon Buckner, Chevelle Sakyi Gold Group CS 410, Old Dominion University 15 December 2016
Team Gold Jacob Berlin Travis Reid Miranda Smith Kele McKaig Jon Buckner Chevelle Sakyi 2 Old Dominion University, CS 410, Gold, 15-December-2016
Mentor Charlotte Donnell ● 17 years experience in accounting ○ Corporate Controller and Auditor ● Certified in Accounting and Fraud Examining ● Southwest Texas State University Alumnus ○ BBA in Accounting ● National American University ○ Master of Business Administration 3 Old Dominion University, CS 410, Gold, 15-December-2016
Outline ● Societal Problem ● Software Details and Logical Approach ● Identification and Analysis of Customer ○ WBS Base ○ Site Map ● Design Approach ○ Homepage Mockup ○ Current Process Flow ○ Example Module Mockup ○ Our Objectives to Modify the Current Process Flow ○ Algorithms ○ Modified Process Flow ● Risk Analysis ○ Major Functional Requirements ○ Risk Matrix ○ Competition Matrix ○ Technical Risks ● Development Approach ○ Real World vs Prototype ○ Consumer Risks ○ Hardware and Software Requirements ○ Development Tools 4 Old Dominion University, CS 410, Gold, 15-December-2016
American individuals of working age What is the problem? do not prepare adequately for retirement due to lack of long term financial knowledge (e.g. points of contact, investment opportunities and their mechanics). 5 Old Dominion University, CS 410, Gold, 15-December-2016
Identification & AnaLysis of Customer ● Working age Americans ● Financially inexperienced ● 65% of Americans are financially inexperienced, unable to answer three simple financial questions (Lusardi & Mitchell, 2011) ○ Understanding of Interest Rate ○ Understanding of Inflation ○ Understanding of Risk Diversification 6 Old Dominion University, CS 410, Gold, 15-December-2016
Social Security ● In 2034, Disability Insurance (DI) & Old Age and Survivors Insurance (OASI) Trust Funds expected to be depleted (Social Security and Medicare Boards of Trustees, 2016) ● In 2017 an Eligible Individual will receive $735 (Social Security Administration, 2016) ● Average rent for one bed per month (Rent Jungle, 2016) ○ Norfolk: $1005 ○ Chesapeake: $1044 ○ Virginia Beach: $1000 7 Old Dominion University, CS 410, Gold, 15-December-2016
Design Approach 8 Old Dominion University, CS 410, Gold, 15-December-2016
Research Focus ● Generation Y ○ 1982 - 2001 ○ Ages 34 - 15 ● Generation X ○ 1965 to 1982 ○ Ages 51 - 34 ● Baby Boomers ○ 1946 to 1964 ○ Ages 70 - 52 9 Old Dominion University, CS 410, Gold, 15-December-2016
Process Flow for problem in customer Domain (Munnell, 2009) 10 Old Dominion University, CS 410, Gold, 15-December-2016
Project Goals & Objectives ● Fewer people at risk of losing standard of living in retirement ● Customers gain enough financial knowledge to go off on their own and create retirement plans 11 Old Dominion University, CS 410, Gold, 15-December-2016
The simplify savings solution (Munnell, 2009) 12 Old Dominion University, CS 410, Gold, 15-December-2016
Module content Retirement Plans IRA ● 401k ● Social Security ● General Financial Knowledge Interest ● ○ Simple ○ Compounding ■ Daily ■ Annual Inflation ● 13 Old Dominion University, CS 410, Gold, 15-December-2016
Major Functional Users consist of Admin and Learners Component Diagram Devices with Access to the ● Users connect to the Internet Internet using their prefered device. Dedicated Website for Simplify Savings ● Our dedicated website will provide a database to all Implemented on Server information related to saving for retirement Database for all Data Related to Retirement Savings 14 Old Dominion University, CS 410, Gold, 15-December-2016
Competition Matrix Provides a Does Not Assume Provides A Financial Comprehensive Previous Financial Personalized Low Cost Education Tool Retirement Knowledge Financial Plan Education X X X X Simplify Savings X X X FDIC Money Smart X X X RetirePlan X X X Retirement plans 401k IRA roth X X X High Cost Classes 15 Old Dominion University, CS 410, Gold, 15-December-2016
Development Approach 16 Old Dominion University, CS 410, Gold, 15-December-2016
Real World Product vs Prototype User View Resume Navigate Directed Save a file Email a file accounts previous module through through containing containing test scores activity modules modules module module information information RWP Fully Fully Fully Fully Fully Fully Fully functional functional functional functional functional functional functional Prototype Eliminated Eliminated Eliminated Fully Fully Fully Fully functional functional functional functional 17
Real World Product vs Prototype Each module has All modules are “What if” analysis Send feedback to an interactive implemented an administrator element RWP Fully functional Fully functional Fully functional Fully functional Prototype Fully functional Partially functional Fully functional Fully functional 18
Real World Product vs Prototype Change module Delete user Force user Email inactive information accounts password reset users RWP Fully functional Fully functional Fully functional Fully functional Prototype Fully Functional Eliminated Eliminated Eliminated 19
Hardware & Software requirements Hardware ● Web Server ● Device That Can Access a Browser Software ● Web Browser ● IDE: Eclipse ● Git Repository ● Testing Harness 20 Old Dominion University, CS 410, Gold, 15-December-2016
What will it use? ● Web browser ● CSS/JavaScript template framework ● JavaScript Visualization framework ● Manual content collection ● Minimal server side processing 21 Old Dominion University, CS 410, Gold, 15-December-2016
Software Details & Logic Approach 22 Old Dominion University, CS 410, Gold, 15-December-2016
User Roles Editor ● Managing information ○ Create new modules ○ Edit information in the modules Consumer ● Ability to use the program ○ Read through modules ○ Take tests 23 Old Dominion University, CS 410, Gold, 15-December-2016
Work Breakdown Structure 24 Old Dominion University, CS 410, Gold, 15-December-2016
Work Breakdown Structure: Database 25 Old Dominion University, CS 410, Gold, 15-December-2016
Work Breakdown Structure: User Interface 26 Old Dominion University, CS 410, Gold, 15-December-2016
Work Breakdown Structure: Algorithms 27 Old Dominion University, CS 410, Gold, 15-December-2016
Site Map 28 Old Dominion University, CS 410, Gold, 15-December-2016
HomePage Mockup 29 Old Dominion University, CS 410, Gold, 15-December-2016
Example Module Mockup 30 Old Dominion University, CS 410, Gold, 15-December-2016
Algorithm: ‘Contact Us’ 31 Old Dominion University, CS 410, Gold, 15-December-2016
Algorithm: Module Activity 32 Old Dominion University, CS 410, Gold, 8-December-2016
Algorithm: Reports 33 Old Dominion University, CS 410, Gold, 15-December-2016
Risk Analysis 34 Old Dominion University, CS 410, Gold, 15-December-2016
Risk Matrix ● Red: Severe Yellow: Medium Green: Low ● “C” and “T” refer to the kind of risk 35 Old Dominion University, CS 410, Gold, 15-December-2016
Technical Risks Technical Risks Technical Risk Mitigation T1: Little or no API support for data T1: Find credible sources for information T2: API is costly T2: Search for third party project funding T3: API source shuts down T3: Choose a high profile API T4: Time constraints related to learning new APIs T4: Independent skills training and practice T5: Unexpected personnel changes T5: Schedule for the same CS 411W course 36 Old Dominion University, CS 410, Gold, 15-December-2016
Consumer Risks Customer Risks Customer Risk Mitigation C1: The information presented is not detailed C1 & C2: Beta Testing and customer surveys enough for most consumers C3: Using a credible API C2: The information presented is too detailed for C4: Creating a help section and tutorial most consumers C3: Information from unreliable source C4: Customer possesses low level of technical expertise 37 Old Dominion University, CS 410, Gold, 15-December-2016
The Wrap Up ● Societal Problem ● Software Details and Logical Approach ● Identification and Analysis of Customer ○ WBS Base ○ Site Map ● Design Approach ○ Homepage Mockup ○ Current Process Flow ○ Example Module Mockup ○ Our Objectives to Modify the Current Process Flow ○ Algorithms ○ Modified Process Flow ● Risk Analysis ○ Major Functional Requirements ○ Risk Matrix ○ Competition Matrix ○ Technical Risks ● Development Approach ○ Real World vs Prototype ○ Consumer Risks ○ Hardware and Software Requirements ○ Development Tools 38 Old Dominion University, CS 410, Gold, 15-December-2016
Recommend
More recommend
