Step 2 – Define the Treasury Management System Project
From the beginning, the project should be clearly defined. At a minimum a proper project definition should include:
1- A task list - which includes forecasting start and completion times and dates.
2- A list of resources - details what is needed for the completion of these tasks.
3- A list of dependencies among the tasks.
4- Project milestones - allowing the tasks to be assessed and the progress be noted.
The milestones should be realistic so that the defined project can be strictly adhered to. A clearly defined project that is communicated from the onset will ensure that the stakeholders are clear as to what their responsibilities will be and time frames associated with those responsibilities.
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