10: F.3. Technology-Enabled Finance Transformation Flashcards
(6 cards)
What are the steps of the System Development Life Cycle (SDLC)?
1- Statement of objective: we need to see why we need the system, so we have to write the objectives we need
2- Investigation and Feasibility study: we need to do a study to know how we can solve the problem
3- System analysis: Study the current system to find the problems in it
4- Conceptual design: work with users to make the basic design
5- Physical design: we need to do the harwere the security, all the physical things
6- Development and testing: here we test if the system works well and fix the problems
7- System Implementation and Conversion: here we lunch the system and we train the users on the system
8- Operation and maintenance: regularly check and improve it
What is Business Process Analysis (BPA), and why do we need it?
We use it to analyze the current system to improve it and the steps on it, by reducing the waste in the system and improving how the system operates. (improving efficiency in the system)
Important note: here we dont implement the improvment or do anything we just analyze and identify the process so we can then improve or implemet later its called —-> BPI from business process improvements
What are the steps in Business Process Analysis (BPA)
1- Choose the process to analyze
2- Collect information
3- Map the process
4- Analyze the process
5- Do Improvements
Is Robotic Process Automation Analysis (RPA) the same as a physical robot
No RPA is a software robot (digital system)
What does the Robotic Automation Analysis do, or how does it work? explain it
It’s a digital robot that mimics human business tasks, it’s rule-based, Repetitive, and volume-based, a robot that can improve efficiency and handle tasks that take time.
The robot can’t think, he do the same task every time, so if the system changes, the data isn’t good, the robot might make some mistakes, so we still need an IT department to fix these issues
Business process analysis (BPA) is used to analyze a business process to determine the way it is currently being done in order to monitor efficiency and productivity, locate weaknesses in the process, determine potential improvements, and determine whether those improvements should be implemented.
Which of the following is not a task that is part of a business process analysis?
A. Implement improvements to the process.
B. Model potential changes to the process.
C. Determine the beginning and ending points of the process to be analyzed.
D. Look for ways to streamline the process so it uses fewer resources.
Correct answer A
BPA process is about analyizing, understand, plan the process of the business, its not about implementation or chaning, the next step after BPA is BPI, business porcess improvements where we do the implementaiton.
