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IACT 451 IT Project University of Wollongong
University of Wollongong
IACT451 IT Project
 
Interim Report (Autumn Session)
Version 1.0Lasted Update:Thursday, May 26, 2005Prepared By:Nurhazman Abdul AzizLoh, Hoh WhayMd Aidil Osman
The interim report is intended solely for XYZ Insurance’s information. The informationgiven here is to the best of our knowledge. The contents of this interim report areconfidential and not to be reproduced without expressed written consent.Confidential Page 1 8/20/2005
 
IACT 451 IT Project University of Wollongong
Disclaimer
This report is prepared by University of Wollongong’s IACT451 IT Project Team forXYZ Insurance Pte Ltd, Australia and South East Asia. While every precaution has beenmade to ensure that the report represents an accurate state of affairs of XYZ InsurancePte Ltd and its business projections; University of Wollongong’s IACT451 IT ProjectTeam and/or its officers, servants or employees shall not be liable for any claims, loss,damage, costs or expenses arising out of any third party reliance on the whole or any partof this report.Project Manager
L
IFEXPRESS
2005
 
IACT451 IT Project TeamUniversity of Wollongong
 
Confidential Page 2 8/20/2005
 
IACT 451 IT Project University of Wollongong
Table of Contents
Disclaimer...........................................................................................................................2Table of Contents................................................................................................................31. Executive Summary........................................................................................................52.1 The Company........................................................................................................72.2 Products & Services..............................................................................................82.3 The Business Process..........................................................................................103. Scope Statement............................................................................................................113.1 Project Justification.............................................................................................113.2 Project Characteristics and Requirements..........................................................113.3 Summary of Project Deliveries...........................................................................123.4 Scope Success Criteria........................................................................................133.5 Scope Limitation.................................................................................................133.6 Alternative solutions...........................................................................................153.7 Weighted Scoring Model....................................................................................163.8 Analysis of three solutions..................................................................................174. Tasks.............................................................................................................................204.1 Project Tasks Approach......................................................................................204.2 Project Approach List.........................................................................................204.3 Project Schedule..................................................................................................295. Costing..........................................................................................................................335.1 Components........................................................................................................335.2 Professional fees.................................................................................................335.3 Cost Projection....................................................................................................345.4 Overall Costing...................................................................................................385.5 Net Present Value & Return on Investment Calculations...................................395.6 Terms of Payment...............................................................................................456. Risk Analysis................................................................................................................466.1 Process................................................................................................................466.2 Roles & Responsibilities.....................................................................................486.3 Risk Analysis......................................................................................................497. Process Maps................................................................................................................557.1 The Business Process..........................................................................................557.2 Solution Overview..............................................................................................577.3 Automating the Process......................................................................................597.4 The Impact..........................................................................................................627.5 Competitive Advantage......................................................................................638. Marketing......................................................................................................................648.1 Increasing the policy distribution of XYZ Insurance.........................................648.2 Extension's Response..........................................................................................648.3 Possible Results..................................................................................................658.4 Spin-offs..............................................................................................................658.5 Internal Perspective.............................................................................................658.6 External Perspective............................................................................................669. IT Acquisition & Modification.....................................................................................68Confidential Page 3 8/20/2005
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