You\'ve been hired as a manager for the adjustments department of a nationwide b
ID: 3853668 • Letter: Y
Question
You've been hired as a manager for the adjustments department of a nationwide bank based in your city. The adjustments department is responsible for making corrections to customer accounts. This is a large department, with several smaller sections that deal with specific accounts, such as personal checking or commercial checking. You've received your first set of management reports and can't make heads or tails of the information. Each section appears to use a different methodology to audit their work and record the data for the management report. You request that a project manager from the PMO come down and get started right away on a project to streamline this process and make the data and reports consistent. This project came about as a result of which of the following?
Technological advance
Strategic opportunity/business need
Customer request
Legal requirement
Technological advance
Strategic opportunity/business need
Customer request
Legal requirement
Explanation / Answer
Technological Advancement
The reason behind this answer is that all the banks because of the growth in the technology in the recent times have made possible such a wide database and the need of the project managers who can work on gathering and analyzing data for the further advancing of the technology for the clients or users.
The banks earlier used to handle the file structure but now all the banks in the world are equipped with technology like databases and relational databases.The RDBMS is the only thing which maintains the bank accounts and makes the banking so easy and user friendly.Hence, technological advancement is the perfect answer for this question.
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