Fidelity Experience

Question 1

What was the project called in Fidelity

Answer 1

It’s called FPCMS - Fidelity Pricing Cash Management Services

Question 2

What was the purpose of the project

Answer 2

Conversion of Retail funds from their legacy FOCAS system onto new platform called InvestOne

Question 3

What’s FOCAS

Answer 3

Fidelity Online Cash Accounting System

Question 4

What was your role in Fidelity Project

Answer 4

Test Strategy Consultant - the objective was to co-ordinate with various application teams that were involved in SIT testing and to come up with a comprehensive test strategy document for UAT testing

Question 5

What was the approach used in coming up with Test Strategy

Answer 5

The main approach used is to:

a) Identify the application and components that will be involved in testing the conversion of the retail funds
b) What are the transactions and processing involved to check the validity
c) What are the primary checkpoints
d) Who are the UAT participants
e) Timeline and SLA for IT turnarounds
f) Defining entry criteria
g) Defining success criteria

Question 6

What does FPCMS do?

Answer 6

They provide fund administration services like NAV calculations, Yield and Distribution Rates, Pricing Securities, Books and Records Maintenance