Objective
The present situation of the financial business can be defined as highly dynamic. The accelerating pace of product development is creating a serious problem for operational support systems. New ideas should come out to accommodate the new processes that this dynamism generates. The long delays encountered in modifying the existing software have been solved by large groups of people responding manually or by reducing the rate of product development (something not strategically adequate). To cope with these competitive requirements, organisations must be reengineered.
It is clear that a deep relationship between Business Process Reenginering (BPR) and software reusability. BPR consists basically of:
- tasks reformulation
- new task decomposition
A BPR can not be accomplished without taking into account the difficulty of modifying the operational support system. A library of reusable components is needed for :
- guiding this reformulation and decomposition
- reducing drastically the application deployment time
Therefore, the project emphasises the need of having a collection of software modules that represents Basic Business Tasks (BBT's). These BBT's are going to remain without any change whatever reengineering may be done on the business processes.
Having these basic software modules will allow to rewrite in a very quick and easy way the new software required to support the process changes. Should we have to rewrite the software from scratch, the process reengineering would be unaffordable because the time to do it would be certainly greater than the duration of the new situation.
The main purpose of the FIBOF (Financial Business Object Framework) is to build a Library of reusable objects (or framework) with the corresponding methodology to use it. These two products will allow the construction of financial domain with the characteristics of a typical framework :
- reusability; new behaviours (processes) can be constructed by the specialisation of the objects in the framework.
- completeness; the framework will contain the objects necessary to construct all processes of the financial business
- simplicity; a clear and consistent hierarchical organisation will allow the identification of a particular object easily
- adaptability; the proprietary aspects of the platform must be isolated so the objects can be adapted to the local conditions.
Twofold categories of elements will exist in FIBOF : the basic modelling components and the Generic Processes.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
You need to log in or register to use this function
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Data not available
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
IIF - Marie Curie actions-Incoming International Fellowships
Coordinator
41003 Sevilla
Spain
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.