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Business proposal

AI-generated Abstract

This business proposal aims to enhance the security of MY BANK LTD by upgrading its closed-circuit television (CCTV) system and installing walkthrough gates. Evidence indicates current security measures are inadequate, with issues such as low recording quality and limited storage capacity. The proposed improvements will ensure a safer environment for customers and staff, maintain customer trust, and prevent future security issues, all within a budget of PKR 150,000.

MEMORANDUM TO: Amjad Ali, Manager My Bank Limited CC: Muhammad Bin Tariq, Security Supervisor FROM: Shahid Hussain, Chief of Operations DATE: January 13, 2019 SUBJECT: Proposal for upgrading Security I am submitting for your review my department’s proposal for upgrading security of My Bank. This document is respond to our December 25, 2018 staff meeting and discussions with you regarding the safety of the bank. The following sections Addressing questions you and staff pointed out. Customers attitude………………….. Standard security levels…………….. Cost estimated……………………… Thank you for reviewing our work and suggestions. If you decided to accept our proposal then we are ready to implement the needed changes. PROPOSAL FOR UPGRADING SECURITY OF MY BANK LIMITED Prepared for Amjad Ali, Manager My Bank Limited Prepared by Shahid Hussain, Chief of Operations Muhammad Bin Tariq, Security Supervisor Hamza Pervez, Finance Secretary January 13, 2019 TABLE OF CONTENTS EXECUTIVE SUMMARY………………………………. 4 INTRODUCTION…………………………………………. 5 Problem……………………………………………... 5 Solution……………………………………………….5 Objectives……………………………………………. 5 Background……………………………………………6 DISCUSSION……………………………………………………6-7 Materials and Equipment…………………………….6 Cost………………………………………………….7 CONCLUSION……………………………………………………… 8 GLOSSARY………………………………………………………… 9 EXECUTIVE SUMMARY A standard bank should provide high quality Security to fulfill the Security requirements.Evidance from our Security office and customer’s attitude survey proves that MY BANK LTD have problem with its security. To improve the Security so that it meets the recommendations of the security experts and security office, we will need to upgrade the Closed-circuit television (CCTV) cameras and new walk through gates on entrance of the bank. The recommended changes will improve our security level and a safe environment for our customers. This upgradation will cost less than 150,000 PKR. INTRODUCTION Problem We have to increase our security to maintain the standard of our bank and the most important thing is to provide a secure environment to the customers. If we increase the numbers of the security guards or if we just start checking the customers on the entrance then the customers will start feeling unsafe .If our bank loses it’s secure and peaceful image then we will lose our customers. Solution The problems can be eliminated if we upgrade (CCTV) system and a walk through gate on the entrance .we must exchange our Analog* (CCTV) system with Digital* (CCTV) system. The digital (CCTV) system will give a high quality Video Resolution and Memory backup so we can review if we need any previous record. Objectives The purpose of this proposal is to improve the security of the bank so that our employees can work in a safe environment In addition, the customers should feel safe and the trust on our bank will remain so they will invest more .so that our bank will not become unsafe or the customer will not start losing trust from our bank. Background The current Security system of our bank is not so safe. We cannot store CCTV* cameras record for more than 30 days. The quality of camera recording is not good. Security guards cannot check the customers/other people and their bags properly on the Entrance. The cameras fail to cover the (blind spots)* inside the bank. In addition, our security staff and our bank management decide not to risk the lives of our staff and property of our customers. DISCUSSION Material and Equipment We can purchase the Digital (CCTV) system and (security walk through gate) from our supplier Ismaeel Security Company and then their partner company Ashraf System Installation Company will do Installation. The Ismaeel Security Company will provide the materials and there Partner Company Ashraf System Installation will install the provided system. We should contract with the Ismaeel Security Company to done this work with complete care and on time. Cost This project will cost a total of 150,000PKR.The following budget details the expense for this project: ------------------------------------------ Digital (CCTV) System complete 80,000PKR Walk through gate *1 50,000PKR Installation of CCTV system 20,000PKR Total : 150,000PKR ------------------------------------------ CONCLUSION MBL is one the important bank in our city and it is the Hub for the people who want to get benefit from their investment. If Security system is not improved, future problems are likely to occur. We might face some serious problems in future .the people who want to business with our bank will decrease in future due to lack of security and the trust level will be decreased. The most important part for a bank is to become secure and gain trust of the customers. This proposal is a corrective as well as preventive measure that increase the safety level for everyone. We recommend that budget will be PKR 150,000 for the installation of new Security System. The cost is reasonable to increase the security level and to make a secure environment. GLOSSARY CCTV: Closed-circuit television. PKR: Pakistani Rupee (currency unit, ISO). MBL: My Bank Limited (name of the bank). Digital CCTV: digital (IP) CCTV is the method by which video is recorded and delivered. Analog CCTV: Analog cameras record images and then send the signal over a coaxial cable to a DVR (Digital Video Recorder. 8