AI in Loan Adjudication standard

A doctor diagnosing, a mechanic repairing equipment, an army general deciding to send his force to combat all use the same model of human information processing. Gather information, evaluate and analyze information, make a decision, execute the action and obtain feedback. Humans have limited attention and judge information using the knowledge stored in their long-term memory. In a loan application, the role of the loan adjudicator is to decide whether or not the loan application will be accepted. To achieve this objective, the adjudicator verifies and analyzes the information to ensure that the loan application meets the criteria and standards of the financial institution. These criteria are established over the years of banking practices. Risk managers from across the organization ...

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Key Steps to Fight Procrastination standard

Summary: Procrastination consists of postponing key tasks to the last minute while doing pleasing task instead. By using the pleasing tasks to your advantage you can effectively fight procrastination.   We have a report to write, problems to solve, handy work to do. Instead of doing those key tasks, we do all sort of other things. We attend unnecessary meetings, browse the internet, talk with colleagues, accept other engagements and end up with last minute panic. This situation is widespread. It greatly impacts our performance and the quality of our deliverable. The enemies that make us procrastinate are those small pleasures that seduce us into postponing important tasks. The trick to fighting procrastination is to transform this enemy into our ...

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The Irony of Project Management standard

After a business review that included a field study and cognitive task analysis, it was found that the new software require three times more user action. The project manager reacted by saying the project scope is to make the transition, respect deadlines and budget. Meaning he does not want to change the plan. After reviewing  the findings again, they realized that the situation was even worst than they expected it. In the end, the client followed our recommendations because the facts were rock solid and we found a solution that would integrate existing technology already in use at the financial institution. Many IT (Information technology) projects are planned and scoped before need analysis or field study are done. Over the ...

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