1. Gold Group CS 410, Old Dominion University 17 November 2016
Simplify Savings
Design Presentation
Jacob Berlin, Travis Reid, Miranda Smith, Kele McKaig, Jon Buckner, Chevelle Sakyi
Gold Group
CS 410, Old Dominion University
17 November 2016
Hello and welcome to simplify savings, a financial education tool that aims to eliminate the retirement financial crisis. This tool will focus on people of working age who may not know anything about saving money for retirement and will help to ease the process of learning about it. We consider these people to be ‘at risk’ due to the fact that many may retire with no retirement savings whatsoever, they may retire and run out of money halfway through, or they may lose their standard of living.

2. Team Gold Jacob Berlin Travis Reid Miranda Smith Kele McKaig
Jon Buckner
Chevelle Sakyi
Now, the Simplify Savings team consists of Jake Berlin (Me), Travis Reid, Miranda Smith, Kele McKaig, Jon Buckner, and Chevelle Sakyi. We are all currently Seniors of the Computer Science Undergraduate Program and each of us have many different focuses and experience in the Computer Science field.
Old Dominion University, CS 410, Gold, 17-November-2016

3. Mentor Charlotte Donnell
Old Dominion University, CS 410, Gold, 17-November-2016

4. Outline Notes about structure of outline Societal Problem
Identification and Analysis of Customer Base
Design Approach
Current Process Flow
Our Objectives to Modify the Current Process Flow
Modified Process Flow
Major Functional Requirements
Competition Matrix
Development Approach
Hardware and Software Requirements
Development Tools
Software Details and Logical Approach
WBS
Site Map
Homepage Mockup
Example Module Mockup
Algorithms
Risk Analysis
Risk Matrix
Technical Risks
Consumer Risks
Notes about structure of outline
Old Dominion University, CS 410, Gold, 17-November-2016

5. American individuals of working age do not prepare adequately for retirement due to lack of long term financial knowledge (e.g. points of contact, investment opportunities and their mechanics).
What is the problem?
Discuss Problem Statement
Old Dominion University, CS 410, Gold, 17-November-2016

6. Identification & AnaLysis of Customer
Working age Americans
Financially inexperienced
65% of Americans are financially inexperienced, unable to answer three simple financial questions (Lusardi & Mitchell, 2011)
Understanding of Interest Rate
Understanding of Inflation
Understanding of Risk Diversification
Our customer base is working age americans who need to save for retirement but are financially inexperienced and don’t know to properly do so, or where to start. The consumer base for Simplify Savings would be working Americans, because 65% of Americans are financially inexperienced, according to a national financial survey.
Old Dominion University, CS 410, Gold, 17-November-2016

7. Design Approach
Design transition
Old Dominion University, CS 410, Gold, 17-November-2016

8. Process Flow for problem in customer Domain
We have envisioned the process flow as a walk through a customer’s professional career. They begin working at a job, and as they continue working either learn about savings and begin saving for retirement, or not. Eventually, they will start saving for a comfortable retirement, or, because of a lack of financial knowledge, will not begin to save for retirement. Then, when they reach retirement age, they will have hopefully gained the financial knowledge necessary to have saved enough for retirement, thus maintaining a standard of living. Conversely, if they have not saved enough they will lose their standard of living.
Our research has focused on Generation X, since they are the generation currently at working age but too young to retire. We have found that only 44% of Xers are on track to save enough for retirement, leaving 56% who are on track to not have enough to retire and consequently losing their standard of living.
(Munnell, 2009)
Old Dominion University, CS 410, Gold, 17-November-2016

9. Solution Design:Project Goals & Objectives
Teach people about saving.
Interaction ‘Gamification’
Buzzwords - ‘ User Friendly ;) ’
That’s all folks.
Accounts, teaching structure, remembering scores, etc...
Talk about what we hope to achieve
Old Dominion University, CS 410, Gold, 17-November-2016

10. The simplify savings solution
Looking back at our process flow, the goal of Simplify Savings is for someone to start a job and to use Simplify Savings to educate themselves about finances. As a result, they will be knowledgeable enough to have made smart investments, and will have saved enough by retirement age to maintain their standard of living. This is the path outlined in gold on the diagram.
Conversely, if someone enters the workforce and does not use Simplify Savings, they will not gain the long-term financial knowledge or information that they need. As a result, once they hit the mandatory retirement age they will not have saved enough or made the wise investments necessary for keeping their standard of living.
(Munnell, 2009)
Old Dominion University, CS 410, Gold, 17-November-2016

11. Major Functional Component Diagram
Users consist of Admin and Learners
Major Functional Component Diagram
Devices with Access to the Internet
Users connect to the Internet using their prefered device.
Our dedicated website will provide a database to all information related to saving for retirement
Dedicated Website for Simplify Savings
Implemented on Server
Database for all Data Related to Retirement Savings
Structure of Project
Old Dominion University, CS 410, Gold, 17-November-2016

12. Competition Matrix
Financial Education Tool
Provides a Comprehensive Retirement Education
Provides A Personalized Financial Plan
Does Not Assume Previous Financial Knowledge
Low Cost
Simplify Savings X
FDIC Money Smart
RetirePlan
Retirement plans 401k IRA roth
High Cost Classes
Simplify Savings and most of its competitors are financial education tools, do not provide financial plans, does not assume previous financial knowledge, and are low cost. Simplify savings stands out from high cost classes and other competitors, because it provides a comprehensive retirement education at a low cost.
Old Dominion University, CS 410, Gold, 17-November-2016

13. Development Approach
Development transition
Old Dominion University, CS 410, Gold, 17-November-2016

14. Hardware & Software requirements
If we don’t require it, say that we don’t
Talk about hardware/software requirements
Old Dominion University, CS 410, Gold, 17-November-2016

15. What will it use? Web browser CSS/JavaScript template framework
JavaScript Visualization framework
Manual content collection
Minimal server side processing
Simplify savings will use or be used through a web browser, it will also use D3-Data driven document which uses a JavaScript library that allows you to produce dynamic, interactive data visualizations in web browsers.
Old Dominion University, CS 410, Gold, 17-November-2016

16. Software Details & Logic Approach
Software Details and Logical Approach transition
Old Dominion University, CS 410, Gold, 17-November-2016

17. Work Breakdown Structure
Go over what the map represents and go over its branches -
Old Dominion University, CS 410, Gold, 17-November-2016

18. Site Map Explain what the map represents and go over its branches
Old Dominion University, CS 410, Gold, 17-November-2016

19. HomePage Mockup
Old Dominion University, CS 410, Gold, 17-November-2016

20. Example Module Mockup
Old Dominion University, CS 410, Gold, 17-November-2016

21. Algorithms
When we have some...
Explain it when we got it

22. Risk Analysis Old Dominion University, CS 410, Gold, 17-November-2016
Risk Analysis Transition
Old Dominion University, CS 410, Gold, 17-November-2016

23. Risk Matrix What the colors mean What the Notation means
Old Dominion University, CS 410, Gold, 17-November-2016

24. Technical Risks Technical Risks T1: Little or no API support for data
T2: API is costly
T3: API source shuts down
T4: Time constraints related to learning new APIs
T5: Unexpected Personnel Changes
Technical Risk Mitigation
T1: Find credible sources for information
T2: Search for third party project funding
T3: Choose a high profile API
T4: Independent skills training and practice
T5: Schedule for the same CS 411W course
Talk about what the risks are noting, it goes from worst to least concern. Talk about why the mitigation helps its individual risk.
Old Dominion University, CS 410, Gold, 17-November-2016

25. Consumer Risks Customer Risks
C1: Information not present at a sufficient level of detail
C2: Information present with too much detail
C3: Information from unreliable source
C4: Customer possesses low technical expertise
Customer Risk Mitigation
C1 & C2: Beta Testing and customer surveys
C3: Using a credible API
C4: Creating a help section and tutorial
Talk about what the risks are noting, it goes from worst to least concern. Talk about why the mitigation helps its individual risk.
Old Dominion University, CS 410, Gold, 17-November-2016

26. The Wrap Up Notes about structure of outline Societal Problem
Identification and Analysis of Customer Base
Design Approach
Current Process Flow
Our Objectives to Modify the Current Process Flow
Modified Process Flow
Major Functional Requirements
Competition Matrix
Development Approach
Hardware and Software Requirements
Development Tools
Software Details and Logical Approach
WBS
Site Map
Homepage Mockup
Example Module Mockup
Algorithms
Risk Analysis
Risk Matrix
Technical Risks
Consumer Risks
Notes about structure of outline
Old Dominion University, CS 410, Gold, 17-November-2016

27. References
Rhee, N. (2013). The Retirement Savings Crisis. Washington DC: National Institute on Retirement Security.
Lusardi, A., & Mitchell, O. S. (2011). Financial literacy and retirement planning in the united states. Journal of Pension Economics & Finance, 10(4), doi:
Lusardi, A. (2004, January 9). Saving and the Effectiveness of Financial Education. SSRN Electronic Journal SSRN Journal. doi: /ssrn
Munnell, A., & Webb A., & Golub-Sass, F. (2009). The National Retirement Risk Index: After the Crash. Center for Retirement Research.
Here be References
Old Dominion University, CS 410, Gold, 17-November-2016