Essay on Mobile application for currency exchange and reporting

Introduction of Mobile application for currency exchange and reporting

      The project is about the mobile application for currency exchange and reporting. In this project, the scope statement is provided which is providing the specific objectives, cost, duration as well as mobile application technology also discussed, which is used in the project. Furthermore, the need for the project, stakeholder analysis, operational concepts as well as external interfaces is also mentioned. In task two, factors are identified, analyzed as well as presented to make the project sustainable. In task 3, the work breakdown structure, as well as the network analysis diagram for showing the critical path, are included. The work breakdown structure is showing the full hierarchy in the project.

Scope Statement of Mobile application for currency exchange and reporting

Specific objectives of Mobile application for currency exchange and reporting

There are several kinds of objectives of the mobile application of the currency exchange are mentioned here. The mobile application is focusing on some things which are the objectives of this project. The main objective of this application is to convert the current currency to the desired currency. For instance, if the user of this application wants to convert British Pound to US dollar, it must convert according the currency according to the current rate in the world. Another objective of this application is to report the back to the user after calculating the currency which the user wants to convert.

Cost of Mobile application for currency exchange and reporting

            The cost of development of this application can be high because of the efforts, as well as the salaries of the employees.

Duration of Mobile application for currency exchange and reporting

            The duration of the development of such an application will be around four to eight months. The development of this application may be short in the four to five months, but in case of some issues, or any kind of problem during the development can take seven to nine months.

Proposed technology that will be used in the project.

The proposed technology for development of this mobile application for currency exchange and reporting will use the mobile application language of Android and IOS environments. The Google APIs will also be used to bring the latest data on the currency rate. The APIs are used because the rate of the currency varies in the different conditions as well as it will be changed and updated on daily basis. So, the APIs will provide the latest currency rates into the application for comparing as well as converting the rates into the applications.

The need for the project of Mobile application for currency exchange and reporting

            In the need of this project, many users have to face many difficulties during checking the current currency rates, as well as they are also facing some difficulties when they have to open the computers to check the currency rates. So, for the convenience of the user, this project must have to be implemented.

Stakeholder analysis of Mobile application for currency exchange and reporting

            In the analysis of the stakeholder, all stakeholders are discussed here which are directly or indirectly involved in this project. The stakeholders are employees, project manager, director, CEO, shareholders, operators as well as users.

Operational concepts of Mobile application for currency exchange and reporting

            In the operational concepts, all of the operations from the managing team to the development of the project are involved. In this project, workability that how the employees are managed as well as their assigned tasks are also defined in this project. 

Task 2: Five Factors of Mobile application for currency exchange and reporting

There are some sustainable factors that are mentioned here such as Economic and Competitive Advantage, Stakeholders Management, as well as Environmental Policies and Resources Saving.

Task 3:

WBS of Mobile application for currency exchange and reporting

Conclusion of Mobile application for currency exchange and reporting

In conclusion, the application is going to be developed for users to check the updated currency rates by using mobile applications. The main objective of this application is to convert the current currency to the desired currency. The Google APIs will also be used to bring the latest data on the currency rate. The stakeholders are employees, project manager, director, CEO, shareholders, operators as well as users. There are some sustainable factors that are mentioned here such as Economic and Competitive Advantage, Stakeholders Management, as well as Environmental Policies and Resources Saving.