Project Evolution aims to have one unified consumer dataset, enabling improved credit decisions, based on quality data, standardised data input data specifications and 48-hour credit bureau reporting for new and paid-up credit agreements.
The project is in full operation with the Data Analysts believe the project lives up to its name as they constantly face challenges and the process continues to evolve. The need to comply with NCAA requirements has added additional complexities for both our Members’ developments and the Data Analysts who are tasked with collating the test results and addressing data quality
and technical issues with Members to successfully achieve sign-off and loading to the credit bureaus’ live databases. The sheer enormity of the project cannot be underestimated, yet this, they believe, is the one thing that makes the project interesting and exciting.
As with any project of this size, the project management is dealing with several issues. The main concern is that development is still not a priority within some Members’ operations and turnaround times and quality focus on error fixes remains problematic. It requires four to five test iterations before a file meets the expected sign-off criteria, resulting in slow progress.
Inconsistencies and errors with some of the bureau validations continue to cause data discrepancies and errors. The planning around roll-out is also being complicated by the uncertainty of some of the NCAA compliance requirements. On the administrative aspects of the project, the amendment specifications for the inclusion of overdrafts, the removal of adverse statuses within seven days of payment, prescription of debt and mortgage pre-registrations have successfully been signed-off.
The muscles of the Project Team, Management, Project Steering Committee and all involved are flexing, as in the words of Stephen R Covey: “We develop our character muscles by overcoming challenges and adversity.”
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