IPMC

PROJECT WORK
AWUAH BAFFOUR GABRIEL
BANK MANAGEMENT SYSTEM PROJECT PROPOSAL

Background:
Banking has been in existence since the first currencies were minted and
wealthy people realized they needed a safe place to store their money. Ancient
empires also needed a functioning financial system to facilitate trade, distribute
wealth, and collect taxes.

Introduction:
A bank is a financial institution which accepts deposits, pays interest on pre-
defined rates, clears checks, makes loans, and often acts at an intermediary in
financial transactions. It also provides other financial services to its customers.

Bank management governs various concerns associated with bank in

order to maximize profits. The concerns broadly include liquidity management,
asset management, liability and capital management.

Project Description:
The Bank Management System (BMS) is a web-based tool that is used to
reimburse financial institutions for services rendered of the Fiscal Service. In
addition, BMS provides analytical tools for reviewing and approving salaries,
and outflows.

Project objectives:
 The goal of the bank management system project is to create an
organic and optimal software of interaction between the various banking
components. This is to minimize the profit of the banking mechanism. The
implementation of competent bank management procedures is significantly
responsible for the successful optimization of the bank’s productivity and
activities.

The project’s main goal is to create an online banking system for banks.
All banking work is done manually in the current system. To withdraw or
deposit money, the user must go to the bank. Today, it is also hard to find
account information for people who have accounts in the banking system.

Project Scope:
Depending on bank’s policies, bank personnel and/or customers can utilize the
Banking Management System. It can be utilized by multiple employees at the
same time if they have the necessary permissions. Any web browser with a
graphical interface can be used to access it.

Advantage:
 Bank management system helps to save money.
 Any bank that implements document management system is able by
reducing its paper consumption and associated costs.

Disadvantages:
 Less security of customer and bank information.
 Require more physical work and manpower.
 All the manual entry and editing will take more time.
 No level of clearance for the different levels of employees.
TIMEFRAME:
Description of work Start and end dates
Phase one Research into how the `18th March 2023
bank sectors collect and To
save money that are 12th May 2023
been deposited in
customer’s account.
Phase two Focuses on how database 14th May 2023
can help businesses in To
building better 9th June 2023
relationship and enhance
business growth.

PROJECT BUDGET:
Description of work Anticipated cost
Phase one The project budget 400gh
includes transportation
to various bank sectors.
Phase two The project budget 200gh
includes the buying of
bundles to research.
Total 600gh

KEY STAKEHOLDERS
Client K Ofori company limited
Sponsor Gabriel Awuah
Project manager Emmanuel

Approval signature