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Question 8/9
Please read this scenario prior to answering the question
ArchiSurance has decided to leverage its financial expertise by offering defined contribution retirement plans. Each trading day, ArchiSurance submits consolidated mutual fund trading transactions to a stock exchange on behalf of its retirement plan participants.
The daily mutual fund trading cycle consists of four key processes: Transaction capture, pricing, trading and reconciliation. Transaction capture consists of two sub-processes: manual exchange and loans and distributions (L&D). For transaction capture, retirement plan participants use an online account management application to enter manual fund exchange transactions. For L&D, plan participants use a separate application to enter requests. The L&D application determines whether the request can be fulfilled based on the mutual fund balances held in each plan balances and a set of business rules. Each day's captured manual exchange transactions accumulate in a transaction database.
ArchiSurance contracts with a third-party information service to receive a file of mutual fund prices at the close of each trading day. The pricing application uses this file to convert captured transaction into trades, and then validates each trade against the mutual fund balances held in each plan. The pricing application generates a trade file with the minimum number of trades necessary. The trading application sends this file to an external trading service. When the trading application receives a confirmation file back from the trading service, it passes it to the reconciliation application, which updates the plan recordkeeping database.
The lead application Architect has decided to merge the pricing application, the trading application and the reconciliation application into one application, which will be serving the pricing, trading and reconciliation processes respectively. The reason for this is that maintenance costs for these three components are too high and the performance is too slow. This implementation will increase the performance and lower the maintenance cost significantly.
The CIO has agreed on this plan, but wants this to be done in two phases, each in a separate project. Phase 1 should include the merger of the Trading and Pricing applications. Phase 2 should then merge the merged applications with the Reconciliation application respectively. Each project phase has a number of defined deliverables. Phase 1 has two deliverables, 'TraPri application implemented and tested' and 'Active TraPri application', which together form a first transition architecture. Phase 2 has two deliverables, 'Recon 2.0 application implemented and tested' and 'Back-up applications phased out', which together form the second transition architecture. These two projects are part of the ArchiSurance application integration program scheduled for the next 6 months.
Refer to the Scenario
You have been asked by the lead application architect to show how the applications used for daily trading can be migrated. This should include a description of the work packages, deliverables and transition architectures.
Which of the following answers best describes the applications and migration plan?
ArchiSurance has decided to leverage its financial expertise by offering defined contribution retirement plans. Each trading day, ArchiSurance submits consolidated mutual fund trading transactions to a stock exchange on behalf of its retirement plan participants.
The daily mutual fund trading cycle consists of four key processes: Transaction capture, pricing, trading and reconciliation. Transaction capture consists of two sub-processes: manual exchange and loans and distributions (L&D). For transaction capture, retirement plan participants use an online account management application to enter manual fund exchange transactions. For L&D, plan participants use a separate application to enter requests. The L&D application determines whether the request can be fulfilled based on the mutual fund balances held in each plan balances and a set of business rules. Each day's captured manual exchange transactions accumulate in a transaction database.
ArchiSurance contracts with a third-party information service to receive a file of mutual fund prices at the close of each trading day. The pricing application uses this file to convert captured transaction into trades, and then validates each trade against the mutual fund balances held in each plan. The pricing application generates a trade file with the minimum number of trades necessary. The trading application sends this file to an external trading service. When the trading application receives a confirmation file back from the trading service, it passes it to the reconciliation application, which updates the plan recordkeeping database.
The lead application Architect has decided to merge the pricing application, the trading application and the reconciliation application into one application, which will be serving the pricing, trading and reconciliation processes respectively. The reason for this is that maintenance costs for these three components are too high and the performance is too slow. This implementation will increase the performance and lower the maintenance cost significantly.
The CIO has agreed on this plan, but wants this to be done in two phases, each in a separate project. Phase 1 should include the merger of the Trading and Pricing applications. Phase 2 should then merge the merged applications with the Reconciliation application respectively. Each project phase has a number of defined deliverables. Phase 1 has two deliverables, 'TraPri application implemented and tested' and 'Active TraPri application', which together form a first transition architecture. Phase 2 has two deliverables, 'Recon 2.0 application implemented and tested' and 'Back-up applications phased out', which together form the second transition architecture. These two projects are part of the ArchiSurance application integration program scheduled for the next 6 months.
Refer to the Scenario
You have been asked by the lead application architect to show how the applications used for daily trading can be migrated. This should include a description of the work packages, deliverables and transition architectures.
Which of the following answers best describes the applications and migration plan?
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