Project Vision Document

1. Project Overview

Project Name: Commercial Loans

Project Sponsor: [Project Sponsor]

Project Manager: [Project Manager]

Document Version: 1.0

Last Updated: 10/16/2024

2. Vision Statement

Design, build, and implement a fully functional (post-origination) commercial lending solution that supports the booking of commercial loans, both bilateral and syndicated, and manages these loans throughout their lifecycle from facility setup through repayments of drawdowns to loan facility maturity.

3. Business Objectives

• Develop and implement a system for booking commercial loans.
• Support both bilateral and syndicated loan structures.
• Manage loans throughout their lifecycle, including facility setup, repayments of drawdowns, and loan maturity.
• Enhance operational efficiency and accuracy in loan processing and management.

4. Project Scope

In Scope:

• Development of a system for booking commercial loans.
• Implementation of features to support bilateral and syndicated loans.
• Lifecycle management of loans from facility setup to maturity.
• Integration with existing financial systems for seamless operation.

Out of Scope:

• Origination of commercial loans.
• Retail or consumer loan functionalities.
• Non-loan related financial products management.

5. Stakeholders

• Steve - Business Analyst (Prepared by, s.j.pollard@outlook.com)
• [List other stakeholders and their roles]

6. Deliverables

• Functional requirements document
• System design documentation
• Developed commercial lending system
• Testing and quality assurance reports
• User training materials and sessions
• Post-implementation support plan

7. Assumptions

• The necessary financial data is available and accessible for integration.
• Stakeholders will provide timely feedback and approvals.
• Required technological infrastructure is in place and sufficient.

8. Constraints

• Budget limitations for development and implementation.
• Time constraints for project completion.
• Compliance with regulatory and legal requirements.

9. Risks

• Potential delays in stakeholder approvals.
• Risk of integration challenges with existing systems.
• Possible scope creep due to changing business requirements.