Project Phase/Stage Key Tasks/Deliverables
 Define the project objectives, scope, and desired outcomes.
Current State Assessment,
Analysis and Planning
Message Format and Field
Mapping
Testing and Quality
Assurance
Post-Implementation
Review and Support
Project Closure
Duration Fee (N)
 Identify key stakeholders and establish a project team.
 Conduct an initial assessment of the organization's current systems and infrastructure.
4 weeks N1,500,000
 Gather detailed requirements for ISO 8583 implementation from stakeholders.
 Analyze the organization's existing transaction processing workflows and systems.
 Identify gaps and necessary changes to align with the ISO 8583 standard.
 Map the organization's existing transaction data fields to the ISO 8583 standard.
3 weeks N1,250,000
 Ensure compatibility and consistency between the organization's data structures and ISO 8583.
 Develop a comprehensive test plan covering functional, performance, and security aspects.
 Conduct unit testing to validate individual software components.
 Perform integration testing to verify the end-to-end message flow. 3 weeks N1,250,000
 Conduct user acceptance testing (UAT) with sample transactions to ensure system accuracy and
compliance.
 Conduct a post-implementation audit to evaluate the success of the ISO 8583 implementation.
2 weeks N1,000,000
 Collect feedback from users and stakeholders regarding system performance and user experience.
 Obtain formal sign-off from stakeholders to close the project.
 Review the project outcomes against the initial objectives and success criteria. 1 week N500,000
 Archive project documentation, including technical
13 weeks N5,500,000