Scope discovery, often termed as the foundation of project management, is an essential phase in any project lifecycle. This process involves understanding, defining, and detailing what is included in a project and, equally as important, what is not. A thorough scope discovery can make the difference between a project that is delivered on time and within budget, and one that exceeds its timelines, costs, and resource allocation.
Best practice suggestions involve offering recommendations based on industry standards, previous experiences, and expert insights. This stage ensures that the software is designed and implemented following proven methodologies, thereby minimizing risks and enhancing efficiency and effectiveness.
Analytical modeling, or analytical mapping, is a vital step in Perfinal's implementation journey where the client's financial operations are closely surveyed. Working in collaboration with the client's financial experts, Perfinal's team defines the account structure, essentially creating an analytical "map" of the organization's accounts. This mapping identifies the possible sequences of asset movements between accounts, known as "money paths." These movements are triggered by various "Economic Events" within the client's business practice. By recognizing these chains of movements, or changes in account balances, as Economic Events, Perfinal ensures that the software system is accurately parameterized to align with the unique financial landscape of the client.
System setup in a sandbox environment is a critical stage where the software is installed and configured in a controlled, isolated space. This allows for thorough testing and fine-tuning without affecting the live environment. By simulating real-world conditions, potential issues can be identified and resolved before deployment, ensuring a smooth transition.
The live launch of the software is the final and decisive phase where the software goes into production. After rigorous testing and validation in the sandbox environment, the software is implemented into the live operational environment. This marks the completion of the implementation journey and the beginning of the software's active use, providing the client with the desired financial solutions.