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Assignment MAHLOAN Customer: Vidyasri Ravi, Founder Background: After five fruitful years as VP Marketing at Lending Tree, the charismatic and visionary founder of Mahloan, Vidyasri Ravi, grew...

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Assignment
MAHLOAN
Customer: Vidyasri Ravi, Founde
Background:
After five fruitful years as VP Marketing at Lending Tree, the charismatic and visionary founder of
Mahloan, Vidyasri Ravi, grew dissatisfied with the company's failure to adequately serve many smalle
o
owers who had creditworthy projects but no way to effectively and clearly present them on the
Lending Tree website. Thus, Vidyasri has made the decision to launch Mahloan, an online and mobile
peer-to-peer lending platform that enables bo
owers to post videos, presentations, white papers, etc., of
their projects that need financing by soliciting loans from many lenders, each lending a small amount
(refe
ed to as "crowd lending"). A venture capital firm and angel investors who were moved by
Vidyasri's zeal and commitment to democratizing lending gave her $3 million in startup money. Investors
have been told that the Mahloan platform will "go live" in three months by Vidyasri.
The Project:
The platform must be created from scratch for Mahloan. Bo
owers should be able to exhibit their projects
on the platform in any format they want (documents, photographs, videos, websites), and lenders should
e able to see the projects. The website ought to offer automatic credit scoring and interest rates
determined by an algorithm based on credit scores. The credit rating should use both cu
ent credit ratings
from independent lending bureaus and machine learning based on the online survey Mahloan suggests
using to create bo
ower profiles. The bo
ower should have the choice of accepting the interest rate and
listing the project on the website, or rejecting the interest rate and not paying it. Each project should be
published on the site's home page, together with the goal amount the bo
ower requires and the interest
ate they have agreed to pay. The platform must provide a procedure for handling missed payments and
the associated fees, as well as loan defaults. Mahloan will need to work with an existing bank to oversee
transactions since it does not wish to register as a bank due to the strict constraints that US commercial
law lays on banks. It should be possible to keep money in escrow until the desired loan amount is reached
and then release them to the bo
ower using the website's transaction processing system.Your team has
een chosen by Vidyasri to construct this peer-to-peer lending platform.
Your Task:
Background:
We will assume that at this point in your team project, you have finished the requirements study and
submitted your feasibility analysis to management and investors, who have authorized the funds you
asked to execute the project. In order to complete the third set of deliverables for your team project, you
team must choose the project management strategy you will employ to build and/or configure you
application. Next you will also make a burndown chart for your application, identify the Product Backlog
Items (PBIs), and establish a release strategy.
This stage of the project is when your group is getting ready to write and/or configure the application
code. The team may then begin building the application after this is finished.
Project Approach:
1) For your team project, create a table with the 14 Home Grounds characteristics, your team's rating fo
each of the characteristics (ratings range from 1 to 5, with 5 denoting "critical" and 1 denoting "not a
problem"), and a one-sentence reason for each team's rating.
2) Develop a radar map based on the ratings you determined in 1a). Describe and explain in 150 words o
fewer if your project might benefit from BRUF, BDUF, both, or none.
3) Describe the management strategy you intend to adopt and provide justification in a na
ative of 200
words or less.
Answered Same Day Feb 21, 2023

Solution

Ayan answered on Feb 21 2023
30 Votes
WRITTEN ASSIGNMENT        1
WRITTEN ASSIGNMENT
Table of contents
Table of Home Grounds Characteristics    3
Radar Map    5
Management Strategy    7
Table of Home Grounds Characteristics
    This project requires the creation of a platform from scratch that offers automatic credit scoring and interest rates determined by an algorithm based on credit scores and machine learning. The platform must also provide a way to handle missed payments, fees, and loan defaults. Mahloan will work with an existing bank to oversee transactions, as it does not wish to register as a bank due to the constraints imposed by US commercial law. The project team's task is to choose a project management strategy, make a burndown chart, identify the Product Backlog Items, and establish a release strategy before beginning to build the application.
    Characteristic
    Rating
    Reason
    Goals and Objectives
    5
    Clear goals and objectives have been established and agreed upon by all stakeholders, ensuring a shared understanding of the project's purpose.
    Timeframe
    5
    A strict deadline has been set for the project's completion, and any delays could result in significant financial losses for the company.
    Budget
    4
    The project's budget is sufficient, but there is little room for unexpected expenses or scope changes.
    Skills and Resources
    4
    The team has the necessary technical expertise and resources to execute the project, but there may be some skill gaps that require outside assistance.
    Stakeholder Involvement
    5
    Stakeholders are actively involved in the project, providing feedback and support throughout the development process.
    Communication
    4
    Communication channels are established and functional, but there is room for improvement in terms of frequency and clarity.
    Risk Management
    5
    Risk assessments have been conducted, and plans are in place to mitigate any potential risks.
    Change Management
    3
    While there is a plan in place for handling scope changes, there may be some resistance to change from stakeholders.
    Quality Management
    5
    Quality standards have been...
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