HOW SYSTEM ENGINEERING TODAY IS APPLIED IN BANK OF AMERICA
System Engineering代写 The paper reports on the experience as a specialist in system engineering, architectural and design at the Bank of America.
The paper reports on the experience as a specialist in system engineering, architectural and design at the Bank of America. It begins with a brief introduction to the topic then narrows down the specifics on the learning and experiences. The paper defines system engineering as interdisciplinary approach to the management of the complex functionalities in the bank. It also explores on the various application of SE on programs in the bank. System Engineering代写**范文
Additionally, the paper report on the identified gaps in the application and implementation of SE. Besides, it identifies what the bank is doing right and wrong in the system engineering. Hence, it identifies what changes are needed for optimal application of the system. It also explains why the proposed changes are necessary and how they will influence on the efficiency of SE on programs. Most importantly, the report reflects on the strategy for influencing the proposed changes in the system engineering.
How System Engineering Today is Applied in Bank of America System Engineering代写
Today, smart production and service delivery is full of many complex machines and electronics than ever before. As such, the production and service delivery has presented a challenge to the organizations which are now responding by embracing the system engineering in harnessing complexity¹ ². Also, the market demand and changes in customer tastes and preferences and bargaining powers, have led firms to respond by custom made products the meet the ever-changing market needs. Therefore, organizations have the only choice of embracing system engineering in response to those complexities. System Engineering代写**范文
System engineering is an interdisciplinary approach for a successful system in an organization. The main focus of system engineering is the customer service and needs and the system needs in the service development cycle³. It also involves documentation, process design, and validation as well as anticipated problems with the system functionality. System engineering is a holistic approach to production, management, services, scheduling, and more. As such, it is key component service provision in modern organizations.
¹. Joseph Elm. 2013. “The Value of Systems Engineering”. Insights.Sei.Cmu.Edu. https://insights.sei.cmu.edu/sei_blog/2013/05/the-value-of-systems-engineering.html.
². Jon Gable. 2018. “Who Needs Systems Engineering? You Likely Do”. Industryweek. https://www.industryweek.com/technology-and-iiot/who-needs-systems-engineering-you-likely-do.
³. Michael Henshaw. “The Systems of systems engineering strategic research angenda.” Document Number: TAREA-PU-WP5 (2013).
Application of System Engineering in Bank of America System Engineering代写
As a result, Bank of America is struggling along several fronts. They include managing complexity, quality management, and control, distribution and keeping abreast to changes in the market⁴ ⁵. In this regard, a smart approach to system engineering promise to offer complex systems that reduce overall costs of service delivery and make the engineering work easier and effective.
System engineering is used in development, design, implementation and decommissioning of work processes. The flow of jobs in the bank is a complex task in large banks like Bank of America⁶. Such jobs like credit and loan processing and management, management of deposits and withdrawals, risk management, logistics, and more are interrelated to make a complex network. Work processes are also connected to other operations in the bank. The process is incorporated in system engineering to create synergy together with other processes.
⁴. Eric Aslaksen, Michael Delamare, Kevin Fehon, Ralph Godau, Alan Knott, Kouassi, and Jan De Liefde. “Guide for the application of systems engineering in large infrastructure projects.” INCOSE Infrastructure Work Group San Diego (2012).
⁵. SEBok. “Systems Engineering Organizational Strategy – Sebok”. 2019. Sebokwiki.Org. Accessed February 21. https://www.sebokwiki.org/wiki/Systems_Engineering_Organizational_Strategy.
⁶. Ibid 4
The bank use system engineering in optimization methods. System Engineering代写
The bank has various complex services running concurrently. For the processes to run optimally and efficiently, they are inter-linked to form a complex system that is easier to control and manage⁷. For instance, maintenance of bank security consists of an information technology department, human resource, security firms and agencies, and technical teams hence making it a complex process when each of them is optimized in isolation. System Engineering代写**范文
Also, customer service optimization constitutes various functionalities including online account access, computerized queuing system, and other conveniences. Hence, when these functions are joined together the service flow efficient and fast. System engineering connects functions hence creating a clear flow of events. Overall, through the synergy created, the process becomes optimized.
Moreover, the bank uses system engineering in risk management. Risks are spread in the whole organization. Each of the bank sections, departments and branches have risks which need to mitigation or early detection⁸. Risk management for each part become complex for bank administration to approach in isolation. Therefore, the use of system engineering to manage risk as a single function for the whole bank is convenient and effective.
⁷. Board, Air Force Studies, and National Research Council. Pre-milestone A and early-phase systems engineering: A retrospective review and benefits for future air force systems acquisition. National Academies Press, 2008.
⁸. MITRE. “Risk Management”. 2019. The MITRE Corporation. Accessed February 21. https://www.mitre.org/publications/systems-engineering-guide/acquisition-systems-engineering/risk-management.
The gap in the Application of the System Engineering System Engineering代写
However, the bank has not been able to create awareness of the essence and value, timing, accountability and organizational structure of system engineering on programs. In essence, the bank is entitled to create awareness of all the stakeholders involved in service delivery⁹. The system engineering was applied only as a practice but not from the understanding of its purpose. As such, awareness was needed to see SE a cost-benefit and return to the bank. System Engineering代写**范文
Dues to lack of awareness, most stakeholders, were not committed to its application. Creation of awareness would have been a major milestone in increasing SE program success. Also, stakeholders would have recognized SE as not an option. Therefore, failure to understand SE led to the lower success of the program in work processes, optimization methods, and risk management tools.
Also, the bank lacked enough qualified resources. System Engineering代写
There was no enough trained workforce for some critical areas like system engineers. The management of the SE became a problem hence impeded on its success. Also, system completeness was a challenge. The gap in skills derailed the performance of system engineering in the bank.
Furthermore, the bank lacked sufficient SE tools and environment for proper SE on programs. The SE team fell short of tools that were comprehensive, common and consistent, standards, and metrics. Hence there was inefficiency in data and transfers. The environment was also not favorable as the team lacked individual and system-to-system interdependency of services and processes and the bank. The team lacked resources to define different environment on which the SE was applied clearly. These were critical gaps which needed to be filled for SE efficiency.
. John Lucero. “Systems Engineering Awareness.” (2016).
What the Bank Did Wrong and Right System Engineering代写
Besides the gaps in the implementation of SE on programs, the bank had a well-laid plan on its implementation. The SE approach was introduced to deal with complex bank functions. Each of the functionalities was grouped to form a complex system of inter-related processes. Hence the bank intended for SE to create convenience in work process, optimization and risk management.
However, the bank failed to create continuous engineering for continuous innovation. The banking system is complex. The SE team was not equipped with adequate tools and skills. The bank required continuous engineering to SE objectives to perform the right actions¹⁰. The bank also lacked an environment in which continuous innovation could have occurred. Both were key to ensuring a change of objectives to simpler and evolution of the complex solutions.
¹⁰. Kim Cobb. 2015. “What Is Continuous Engineering?”. IBM Big Data & Analytics Hub. https://www.ibmbigdatahub.com/blog/what-continuous-engineering.
What Should Be Changed and Why System Engineering代写
The system architecture and design should be changed. The system changes should be in consideration of the existing weaknesses and gaps of SE on programs. The bank needs to redefine the approaches to functionalities, relationships, and interaction of the system. The new architecture and design should improve on the environment of the SE on programs and enhance interaction of the team. Also, during the reorganization, awareness about the system should be created and emphasis on SE being the only option to solve complexities in bank processes.
There is various reason for system architecture and design changes. System Engineering代写
Change in architecture and design will incorporate some of the changes in functionalities, fill in the gaps in SE on programs and correct mistakes on SE acquisition and implementation. Also, the bank needs to adapt to the new trend in SE approaches on programs. One of the trends is continuous engineering¹¹. It ensures that the system withstands complexities in the firm especially in the trend of current big data and internet of things. Complexities can make SE implementation and application failure. Continuous engineering ensures the firm keep up with the current trends and while reorganizing or changing the SE objectives towards right actions. System Engineering代写**范文
Moreover, the bank needs to have SE that is continuously innovative. The maintenance and continuous improvement of complex systems need continuous innovation for flexibility and orient new goals and right actions. The firm lack adequate environment and resource that SE teams can continuously be innovative while running the system on the program. Therefore, new architecture and design will incorporate the current system learning and experiences.
¹¹. Sayyidul Arafat 2014. “Continuous Innovation Through Continuous Engineering”. Ibm.Com. https://www.ibm.com/developerworks/rational/library/continuous-innovation-through-continuous-engineering/index.html.
How to Influence Changes in Bank of America? System Engineering代写
For change to occur, it needs to be communicated. There were identified gaps and wrongs with the SE on programs in the firms. The gaps and wrongs identified were out of the system experience and learning. The firm administration needs to be made aware of the system weaknesses for appropriate action to be taken. Also, the rationality for architecture and design changes need to be made evident for management to understand. In so doing, a report on my experience with the system should be presented to the bank management for appropriate action. A communicated change will create an impression of necessity SE and architecture and design changes. System Engineering代写**范文
Concerning this report, Bank of America has used system engineering to harness complexities. SE has been used on work processes, optimization methods, and risk management tools. Although its effective on the approach, there were areas for improvements and changes to fully realize the benefit of implementing system engineering. A new trend in the SE also needs to be factored in the new system architecture and design. Hence, the bank needs to review its SE application on programs to come up with the best approaches in system upgrades.
Elm, Joseph. 2013. “The Value of Systems Engineering.” Insights.Sei.Cmu.Edu. https://insights.sei.cmu.edu/sei_blog/2013/05/the-value-of-systems-engineering.html.
Gable, Jon. 2018. “Who Needs Systems Engineering? You Likely Do”. IndustryWeek. https://www.industryweek.com/technology-and-iiot/who-needs-systems-engineering-you-likely-do.
Henshaw, Michael. “The Systems of systems engineering strategic research agenda.” Document Number: TAREA-PU-WP5 (2013).
Aslaksen, E. W., M. Delamare, K. Fehon, R. Godau, A. Knott, A. Kouassi, and J. De Liefde. “Guide for the application of systems engineering in large infrastructure projects.” INCOSE Infrastructure Work Group San Diego (2012).
SEBok. “Systems Engineering Organizational Strategy – Sebok”. 2019. Sebokwiki.Org. Accessed February 21. https://www.sebokwiki.org/wiki/Systems_Engineering_Organizational_Strategy.
Board, Air Force Studies, and National Research Council. Pre-milestone A and early-phase systems engineering: A retrospective review and benefits for future air force systems acquisition. National Academies Press, 2008.
MITRE. “Risk Management.” 2019. The MITRE Corporation. Accessed February 21. https://www.mitre.org/publications/systems-engineering-guide/acquisition-systems-engineering/risk-management.
Lucero, John. “Systems Engineering Awareness.” (2016).
Cobb, Kim. 2015. “What Is Continuous Engineering?”. IBM Big Data & Analytics Hub. https://www.ibmbigdatahub.com/blog/what-continuous-engineering.
Arafat, Sayyidul. 2014. “Continuous Innovation Through Continuous Engineering”. Ibm.Com. https://www.ibm.com/developerworks/rational/library/continuous-innovation-through-continuous-engineering/index.html.