Thinking Systemically, How Would You Decide Whether a Particular Function

question 24

Essay

Thinking systemically, how would you decide whether a particular function or feature is in or out of scope? What criteria would you use? Who is the ultimate stakeholder type that will decide this issue? How might their input be incorporated into the final decision?

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Definitions:

Annuity

A monetary product that ensures a regular payment schedule to its holder, frequently used to secure a livelihood for people in their post-working years.

Compounding

The process whereby interest is credited to an existing principal amount as well as to interest already paid, causing the investment to grow at an accelerating rate.

Time Value

A financial principle stating that an identical amount of money has more value if it's accessible now rather than later, thanks to its capability to earn more over time.

Money

A medium of exchange that enables people and businesses to buy goods and services; recognized by a society to have value for transactions.