Impact of Financial Sector Development on Nigeria

Impact of Financial Sector Development on Nigeria IMPACT OF FINANCIAL SECTOR DEVELOPMENT ON SECTORIAL GROWTH IN NIGERIA: IMPLICATION FOR ECONOMIC GROWTH IN NIGERIA SECTION ONE Introduction Basically, the banking sector and the non-bank institutions make up the financial system in Nigeria which is responsible for the development of economic growth in the Country. During the pre-liberalization era (from 1986 and below), government had sufficient financial resources to finance a reasonable proportion of economic activities (Adegbite, 2005). However, this era suffered from artificially low cost of commercial credit resulting in inappropriate pricing of credit and deposits, acute scarcity of loanable funds in the system and lastly low level of capital formation for economic development. Studies reveal that the flow of credit to the priority sectors did not meet the prescribed targets and failed to impact positively on output and domestic prices (Nnanna, 2001; Mordi, 2009). In an attempt to make the financial sector buoyant, the government decided to deregulate and liberalize all the sectors of the economy as outlined in the Structural Adjustment Program introduced in1986. During this period, interest rates were low and this eased the flow of credit to the desired sectors of the economy. By 1992, the number of banks had risen from 56 in 1986 to 120 and a capacity utilization rate of 38.1%, while the GDP rate stood at 2.9%. Due to the banking distress from 1994 to 2002, the total number banks dwindled to 99. However, the capacity utilization rose to 48% with an increased growth rate of 4%. This was due to recapitalization process undertaken by the Central Bank of Nigeria (CBN) to sustain the financial sector, hence, making it competitive. In 2004, the consolidation exercise made the banking industry a leading player in the actualization of the goals set by the government for the National Economic Empowerment and Development Strategy (NEEDS) programme. In 2009, as part of the broad economic measures to respond to the adverse effects of the global financial and economic crises, the CBN in conjunction with the fiscal authorities engineered measures to avert a collapse of the financial system with a view to maintaining economic growth (Odeniran and Udeeaja, 2010). Unfortunately, the supply of credit to investors remains questionable as capacity utilization rate is still low (50%), thus, retarding economic growth with GDP of 7.5%. Despite the increasing developments within the financial sector, economic growth still lags behind. A lot of studies have investigated the nexus between financial sector development and economic growth on an aggregative approach. However, their studies did not look at the specific sectors which f inancial development influences in Nigeria, for example, agricultural sector, manufacturing sector, industrial sector and the external sector. Hence, a fundamental question that arises is to find out whether a link exists between financial sector development and economic growth. Going to specifics, this study aims at answering the following questions: What is the effect of financial sector development on the agricultural sector in Nigeria? What is the effect of financial sector development on manufacturing sector in Nigeria? What is the effect of financial sector development on industrial sector in Nigeria? What is the effect of financial sector development on the external sector in Nigeria? What are the constraints associated with financial sector development in Nigeria? Research Objectives The main objective of this work is to investigate the link between the financial development and economic growth in Nigeria. The specific objectives are: To examine the impact of financial sector development on the agricultural sector in Nigeria. To investigate the effect of financial sector development on the manufacturing sector in Nigeria. To analyze the impact of financial sector development on the industrial sector in Nigeria. To study the effect of financial sector development on the external sector in Nigeria. To identify the constraints associated with financial sector development in Nigeria. Theoretical Review The relationship between financial sector development and economic growth covers a broad spectrum of ideas such as intermediation, repression, liberalization, regulation, diversification, innovations, reforms and implementation. Though financial systems are mere intermediaries that insure the optimal allocation of savings for investment (Chick, 1998), however, they play a decisive role in the process of economic development (Stiglitz, 1998). These views are upheld by the pre-Keynesians and also recognized by the post-Keynesians, though with some degree of discordance. Keynes in the 1930s hypothesized that finance precedes savings (Zina and Trigui, 2001). However, the basic import of the post- Keynesians such as Asimakopulos (1983), Kregel (1984-5), Davidson (1986), Richardson (1986) and Terzi (1986), in their chronological analysis, suggest that savings apparently appears to be a by-product in the process of the income creation. Two important theories that emerged in 1973 and have lent credence to the Keynesian hypothesis are the McKinnon’s â€Å"Complementarity Hypothesis† and Shaw’s â€Å"Debt Intermediation View†. In their thesis they both argued that the repressed financial markets (low and administered interest rates, domestic credit controls, high reserve requirements and concessional credit practices) discourages savings, retards the efficient allocation resources, increases the segmentation of financial markets, constrains investment and in turn lowers the economic growth rate (see, Bouzid, 2012). These fundamen tal ideas of McKinnon-Shaw are enshrined in the â€Å"Repression Theory† and thus depict a positive relationship between interest rate and financial development. However, a number of authors feel that liberalizing the financial systems is the ultimate goal for investment and economic activities thus complimenting the McKinnon-Shaw thesis. Many developing countries have implemented financial liberalization policies through the market-based interest rate determination, reducing controls on credit by gradually eliminating the directed and subsidized credit schemes, developing primary and secondary securities markets, enhancing competition and efficiency in the financial system by privatizing nationalized commercial banks with the aim of eliminating repressed regimes as suggested by the â€Å"Liberalization Theory†. Two other hypotheses that explain financial development and economic growth are the â€Å"Supply Leading Hypothesis† and â€Å"Demand Following Hypothesis†, in line with the views of Patrick (1966) and Demirguc-Kunt and Levine (2008) postulate a feedback mechanism between economic growth and financial development. According to the supply-leading hypothesis, financial deepening stimulates economic growth. The demand-following hypothesis on the other hand, posits economic growth precedes financial development. This implies advancements in economic activities trigger an increase demand for more financial services and thus leading to greater financial sector development (Gurley and Shaw 1967), also in line with the views of Goldsmith (1969) and Jung (1986). A positive relationship between financial sector development and economic growth has largely been projected by â€Å"Exogenous Growth Models† as well as â€Å"Endogenous Growth Models†. Bencivenga and Smith (1991) and Levine (1991) endogenous growth models to a greater extent have identified the channels through which financial markets affect long-run economic growth. The end result of this model is that economic growth performance is related to financial development, technology and income distribution (see, Chukwuka, 2012). The growth models developed by Harrod and Domar affirm the role of investment in economic growth, based on the dual characteristics of investment: Firstly, investment creates income â€Å"Demand Effect† and secondly, it augments the productive capacity of the economy thereby increasing its capital stock â€Å"Supply Effect†. In summary, the Harrod-Domar growth model postulates that economic growth will proceed at the rate which society can mobilize domestic savings resources coupled with the productivity of the investment (Somoye, 2002). Empirical Review Substantial literature have analyzed the link that exist between financial system development and economic growth. These analyses have raised a lot contention on the direction of causality, but however fall within the remits of the theories. First, the Harrod-Domar growth model leads to a hypothesis which affirms a one-way causality from financial development to economic growth. Second, there is unidirectional causality from growth to finance, empirically confirmed by Shan, et al (2001) who concluded that economic growth causes financial development in China. And the third which does not rule out a bi-directional causality between economic growth and financial development as hypothesized in early and recent literature (Gurley and Shaw 1960, 1967; Bencivenga and Smith, 1991). Measuring financial development as the ratio of financial intermediary assets divided by gross national product, Goldsmith (1969) analyzed data from thirty-five countries for the period 1860-1963 and discovered that a positive correlation with feedback effects existed between financial development and economic growth over longer periods. He however established that financial development largely occurs during the early stages of economic development when countries have low levels of income. De Gregor and Guidotti (1995) reached the same conclusion that financial development and economic growth are strong in the early stages of development but further showed that the effect of financial development on growth becomes weaker as countries become more developed, perhaps because of problems with measuring financial development or because financial intermediaries actually have larger effects in less developed countries than in more developed ones and this is in line with the findings of Wachtel and Rousseau (1998) while considering five industrialized Countries. These argument has been debunked in the finding of Besci and Wang (1997) who reached the conclusion that even though financial development occurs and may precede economic growth, its direction of causality is unclear in an economic sense. In a similar work, Rousseau and Sylla (1999) further found strong support for finance led growth after examining the historical role of finance in the U.S from 1790-1850. Empirical studies have shown that financial development can lead to economic growth only through financial sector development at the micro level. For instance, Rajau and Zingales (1998) in their study showed that industrial sectors that relatively need more external finance develop more disproportionately faster in countries with more developed financial markets. Beck and Levine (2002) supported this finding using different financial development measures. Wurgler (2000) noted that countries with a higher level of financial development increase investment more in growing industries and decrease investment more in declining industries than financially underdeveloped economies. In Nigeria, Adelakun (2010), used the ordinary least squares estimation method to determine the perceived relationship between financial development and economic growth. The result showed that there is a substantial positive effect of financial development on economic growth in Nigeria, however, this requires diversification of financial instruments. Shittu (2012) using data from 1970 to 2010 employed the error correction mechanism also concluded that financial intermediation can propel economic growth in Nigeria. These findings are contrary to earlier studies. For instance, Ndebbio (2004), using an ordinary least squares regression analysis, established that the strength of the effect of financial sector development on per capita growth of output is weak due to the absence of a well functioning capital market, while Nnanna (2004) using the same approach concluded that financial sector development did not significantly affect per capita growth of output. Odeniran and Udeaja (2010) tested the nexus between financial development in a VAR framework over the period 1960-2009. Their results suggest bidirectional causality between financial development and economic growth variable. Based on this finding, they indicate that the current reforms in the Nigerian banking sector should not be emphasized unilaterally. Rather, attention should be given to the complimentary and coordinated development of financial reforms and changes in the real sector of the economy. Methodology and Source of Data Choosing the indicators for financial development is an uphill task because the provision of financial services is broad. Adelakun (2010) noted that, there is a diverse array of agents and institutions involved in the financial intermediation activities, thus making the definition of proxies difficult. Thus, for simplicity this study shall adopt Erdal et. al (2007) model, which is a slight modification of the growth model of Ram (1999). Thus, the model shall be adopted to include the different sectors to be investigated. Financial development indicators to be considered are: Money supply to GDP ratio (M2) measures the degree of monetization in the economy as well as the depth of the financial sector, bank deposit liabilities to GDP ratio(BK), determines the capacity of the banking sector, domestic credit to GDP ratio (DC), which reflects the extent to which financial intermediaries allocate savings, ratio of private sector credit to GDP ratio (PS) which profitable investments, monitor managers, facilitate risk management, and mobilize savings, real interest rate (Ri), the ratio of bank liquidity to GDP (BKL), the ratio of gross fixed capital formation to GDP (GFC), trade openness as a ratio of GDP (TO) is a measure of external sector, agriculture out to GDP ratio (AG) for the agriculture sector, GY, which is the annual growth of the gross domestic product (GDP), industrial output to GDP ratio (IO) and manufacturing to GDP ratio (MA). The different model specifications are: And the overall financial growth link is given as: A Priori Expectation The expected signs of all the coefficients for the different variables are positive except for the interest rate coefficients which are negative. Source of Data The data shall be collected from the Central Bank of Nigeria’s statistical bulletin, Nigerias National Bureau of Statistics and World Bank world development report. References Adelakun, O (2010): â€Å"Financial Sector Development and Economic Growth in Nigeria†.International Journal of Economic Development Research and Investment Vol. 1, No 1. Adegbeti, E. (2005): â€Å"Financial Sector Reforms and Economic Development In Nigeria: The Role Of Management†. Being a Paper Delivered At The Inaugural National Conference Of The Academy Of Management Nigeria At Abuja, Nigeria Titled Management: Key To National Development, at Rockview Hotel, Abuja. Asimakopulos, A. (1983): â€Å" Kalecki and Keynes on finance, investment and saving†. Cambridge Journal of Development of Economics, 7 : 221-33. Besci, Z. and Wang, P. (1997) â€Å"Financial Development and Growth†Economic Review 4th Quarter 46-62 Bencivenga, V. and Smith, B. (1991): â€Å"Financial intermediation and endogenous growth†. Review of Economic Studies, 58(2): 403–44. Bouzid, A. (2012): â€Å"McKinnon’s Complementarity Hypothesis:Empirical Evidence for the Arab Maghrebean Countries† The Romanian Economic Journal,r XV no. 44 Pp 23-35 De Gregorio, J. and P.E . Guidotti. (1995). â€Å"Financial development and economic growth†. World Development, 23(3): 433-48 Chick,V. (1998): â€Å"Finance and investment in the context of development : a Post-Keynesian perspective –, in Kalevi,J. and Fontaine, J.M.: Restoring Demand in the World Economy: Trade, Finance and Technologie â€Å".Edward Elgar,Cheltenham, UK.Northampton, MA, USA. Demirgà ¼Ãƒ §-Kunt, A. and R. Levine (2001b): â€Å"Bank-Based and Market-Based Financial Systems: Erdal G., Okan, V. S. and Behiye, T. (2007). Financial Development and Growth: Evidence from Northern Cyprus, International Research Journal of Finance and Economics, Issue 8. Goldsmith, R.(1969): â€Å"Financial Structure and Development,† Yale Univ. Press, New Haven CN. Gurley and Shaw, 1960, Money in a Theory of Finance, the Brookings Institution Gurley, J and Shaw, E. (1960). â€Å"Financial intermediaries and the saving- investment process†. Journal of Finance. Levine, R, N. Loayza, and T. Beck (2000) â€Å"Financial Intermediation and Growth: Causality and Causes†, Journal of Monetary Economics, 46, pp. 31-77 Mordi, C (2009): â€Å"Overview of Monetary Policy Framework in Nigeria†. CBN Bullion Vol 33, No 1. Ndebbio, J.E. (2004). â€Å"Financial deepening, economic growth and development: Evidence from selected sub-Saharan African Countries†. Research Paper 142 African Economic Research Consortium, Nairobi, Kenya, August. Nnanna, O (2001): â€Å"Monetary Management: Objectives, Tools and the Role of Central Banks in the Region†. Regional Forum on Economic and Financial Management for Parliamentarians, Nigeria: WAIFEM. Nnanna, O.J (2004). â€Å"Financial Sector Development and Economic Growth in Nigeria: Economic and Financial Review Sept. Vol. 42, No. 3. Odeniran, S. and Udeaja, E. (2010): â€Å"Financial Sector Development and Economic Growth: Empirical Evidence from Nigeria†. Central Bank of Nigeria Economic and Financial Review Volume 48/3 Patrick,T. (1966): â€Å"Financial Development and Economic Growth in Underdeveloped Countries†, Economic Development and Cultural Change, 14, 174-189. Rajan, R. G. and L. Zingales, (1998) â€Å"Financial Dependence and Growth† American Economic Review 88, 559-586. Ram, R. (1999). Financial Developing and Economic Growth: Additional Evidence. Journal of Development Studies, 35(4), 164-74. Rousseau, P. (1999) â€Å"Finance, Investment, and Growth in Meiji-era Japan.†Japan and the World Economy 11, 185-198 Rousseau, P. L and R. Sylla (1999): â€Å"Emerging Financial Markets and Early U.S Growth†, NBER Working Papers 7448, Rousseau, P.L. and R.Sylla (2001): â€Å"Financial Systems, Economic Growth, and Stabilization†, NBER Working Paper No.8323, June Shan, J.Z., F. Sun and L. Jianhong. (2006). Does Financial Development Lead to Economic Growth? The case of China. Annals of Economics and Finance 1, 231-250 Shan, J.Z., F. Sun and A. Morris, (2001). Financial Development and Economic Growth. Review of International Economics 9, 443-54 Shittu, A. (20012): â€Å"Financial Intermediation and Economic Growth in Nigeria†. British Journal of Arts and Social Sciences ISSN: 2046-9578, Vol.4 No.2 (2012) Stiglitz, J. (1998): â€Å"The Role of the Financial System in Development†. Presentation at the Fourth Annual Bank Conference on Develoment in Latin America and the Caribben, San Salvador, El Salvador, June 29. 3 Terzi,A.(1986: â€Å"The independence of finance from saving : a flow of funds interpretation†. Journal of Post-Keynesian Economics, 9(2) : 188-97. Wachtel, P. and P. Rousseau (1998). â€Å"Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries†, Journal of Money credit and Banking Volume 30, Number 4 Wurgler, J. (2000). â€Å"Financial Markets and the Allocation of Capital†, Journal of Financial Economics, Vol.58 pp. 187-214.

Mysterious Story Essay

It was a sunny Saturday morning, my first time hiking and we were on the road to the Drakensberg mountains. My dad, Lanny, was driving us and I was lying on the back seat listening to music. Oh yes and my little brother Ross was in the passenger seat speaking to my dad, asking him about hiking. When we had arrived at 11:00 am we were booking in at one of the hotels close to our hiking trails starting point. We were un-packing and ready to get some sleep for the big day ahead of us. Waking up at the crack of dawn was hard but we were able to do it and made snacks for the hike. At 6:00am we were ready to hike and at the trail. As we started it seemed easy but continued to get harder. My younger brother Ross was struggling up the mountain and asked me to carry his bag for him. I had a strange thought; I should be nice to him because if something had to happen to him I wouldn’t like it if the last thing I said was nasty. We had been hiking for just over an hour when we decided to stop for a break and brunch. My brother was in need of the toilet. We told him to just go behind the bush. I heard a rustle in the bushes around us and a cold shiver ran through me. HELP! We ran to the bush he was behind. Looking around we saw marks and footprints on the ground. We followed them down the bank. Running as fast as we could, we saw the huge creature. It turned around, we dived behind a shrub, I don’t think it saw us. Jumping up again, we were out of breath but continued chasing. The creature was very big with white fur, bigger than a gorilla or a bear. We were determined to find him and as we approached the village that these Sasquatch type beasts were using, we peeped over the fences made of steaks and vines, we were sure Ross was in great danger. When looking over the walls we saw many of the Sasquatches and searched for little Ross among the crowd of beasts. We had made up our minds, we were going in. After we tried to get his attention several times we noticed he was in such great shock that he didn’t recognize us. Hiding behind each tavern and bush. Jumping and rolling from bush to bush. Then Bang! There the sound of something landing behind us. We turned around and saw its giant feet then ran. But we were no match for them, they surrounded us. My dad said, â€Å"just be calm we’ll be fine†. They tied us up and put us each in separate taverns. I saw my back pack and tried to get the Swiss army knife out, but the primitive Sasquatch saw me and couldn’t understand what I was doing so he locked me up in small dark room. They took off my ropes and confiscated my bag. They left me in this room with only the belongings in my pockets and my clothes. I wrote this message on my cell phone and sent it to everyone I know. Please try save us!

The Best Approach You Need to Be Using for Tender Is the Night Essay Topics Revealed

The Best Approach You Need to Be Using for Tender Is the Night Essay Topics Revealed Discuss why the majority of the action occurs in Europe. Sports and games aren't mere bodily activities alone. In this instance, you should prove that it may be carried out into practice. Another crucial part of the American dream is it implies that financial success is a consequence of the tough work and nothing else. The major aim was to enhance access to technology to the people of the nation. Success needs perseverance since there is no shortcut to it. Though this definition is accurate, I think there are several various degrees of happiness that may be portrayed. The Tender Is the Night Essay Topics Chronicles You can be certain your essay is going to be tender notice how to compose written accordingly. You can acquire the very best custom essay help from us in a variety of topics. A proposal essay is quite straightforward to comprehend. Ten tips on writing an excellent essay. That's why proposal essays about students life are extremely common. Until then, you may use these great suggestions to help you compose the ultimate persuasive essay for your next college undertaking. Before writing your proposal you should do the next things. Here are the very best proposal essay ideas from the a variety of spheres. While the voices and perspective in the novel seem to get a terrific disparity, there's still many point of synchrony in the 2 texts. American literature is full of symbols and codes, whether the artist fully realizes what's being attempted. English is really the most demandable language on the planet from past many decades. List the dates mentioned in the novel, for instance, chronological age of the principal characters. A seasoned professional will make an error-free assignment very quickly and can help you boost your grades. We'll deal with them, and for a fair price, as we understand that students generally don't have a great deal of mone y to spare. It is not important to us, whether you're too busy on the job concentrating on a passion undertaking, or simply tired of a seemingly infinite stream of assignments. Students lead busy lives and frequently forget about a coming deadline. New Step by Step Roadmap for Tender Is the Night Essay Topics The simple fact that has to be realized is that there's no definitive text for Tender Is the Night. You must study the book carefully to come across this specific word and its significance at that special scenario to comprehend the actual facts behind using it. Once you receive an idea, the practice of writing will be much simpler. Importantly in the introduction your reader needs to be extended a reason why they have to care about this issue you're presenting. Even should you need to purchase research paper done in 6 hours, you can depend on us. It is very important to mention that the idea doesn't need to be a good one. Within this place, it's every man for himself, and you can't think of others. Mrs. Jones was a smoker, smoking two packs each day for 30 decades and quit a couple of years ago. Lies You've Been Told About Tender Is the Night Essay Topics Clear writing is presenting information so that it's easy for all to read and understand. It became a real job. Students Assignment Help isn't just offering English essay topic help for free but at the very same time assignments help in various subjects is also offered. We've got Professional Essay Writers online working 24x7 to supply you the ideal assistance. Choosing our service, you are going to realize that studying can be simple if you gain from the help of competent experts. Participants in this workshop will start to grapple with these questions and hopefully discover some answers. The ways students ought to be taught about their wellbeing. The ways to boost the social responsibility of students. Whenever you opt to ask us for skilled help, don't hesitate to speak to our support managers. Our writers won't ever let you down and when you get great scores you will begin to appreciate our expert services. The procedure that Wiesel endures in order to reach the restoration of hope is simply hinted at, however. The best methods to set your business mission. The high life isn't so significant. The truth is that love is a daily option, one that's tough to make and even more difficult to fulfill. Ultimately, happiness is distinguished by several emotions in my personal life that range far and wide. The more involved a man or wom an is the more successful they are sometimes.

Newspaper Synopsis Architect System - Free Essay Example

Sample details Pages: 22 Words: 6577 Downloads: 5 Date added: 2017/06/26 Category Statistics Essay Did you like this example? A. Project Title. Newspaper Synopsis Architect System B. Brief description on project background. Don’t waste time! Our writers will create an original "Newspaper Synopsis Architect System" essay for you Create order (.i.e. problem context, rationale, description of problem area, nature of challenge) Newspaper plays a major role in shaping public opinion during any incident. Newspaper provides information on politics, economics, art, culture and entertainment and in the current panorama of the media every newspaper organization is representing all significant news with a Graphical Synopsis, as it increase the readership of the newspaper organization and for doing so every time newspaper organization has to contact the graphical designer and they take a huge amount of money for creating the synopsis which bounds the newspaper organization and ultimately it results in the waste of resources for the newspaper organization. Moreover, Newspaper design is well known as a key factor in readership. Every article in the newspaper must be properly expressed and placed to give reader the joy of logical comprehension. The current era bursting with superior newspaper organizations facing each other and also with the potential readers with broad mind and great thoughts giving challenge to thos e organizations through their hunger to gain knowledge with demanding good presentation of the information. The presentation of the newspaper is very artistic job as it can burn up the minds of the crowd. The job in the current scenario is very complicated and essential. The designing procedure of any news paper is very hectic and time consuming job. Right from deciding the content of each page to the printing there is a huge labor and man power involved. The persons involved in designing procedure need to be taken care as they have a lot load and decisions to make about many things before publishing the news. The problem context above requires an integrated tool which can help the newspaper organization in generatin Graphical Scenes without including the graphical designers by utilizing resources inside the organization which will save there time and money. The tool will help in many ways and could turn out to be a revelation for the organizations and also for the employees. This is the core Information Technology task to transform the complicated work in to a simpler job and for pursuing this task I am proposing the newspaper designing tool Newspaper Synopsis Architect System. The tool is a complete package to assist newspaper designers in efficiently performing their job. Rationale: Because of the existence of the identified problems, there is a serious need for creating such a tool. BasicallyNewspaper Synopsis Architect System will be having two major modules. First one will be Synopsis Architect Systemwhich has library that will contain already designed graphics/scenarios based upon the crime which can be edited by the designer person such as a terrorist attack, a murder, a bank robbery, bomb blast, any type of serious accidents, etc. Newspaper Synopsis Architect Systemwill be used to create graphical scenarios for such incidents. Moreover, there will be tools available like color picker, color fill, different shapes, adding text, adding picture, adding lines etc. that will help the person to edit and design the crime scenario/cartoons etc The second module of the system is Newspaper Architect System which will assemble the news and articles and help the news paper designers to generate the prototype ready to publish. The software would generate the prototype of the news paper and any computer literate can use the software to just fill in the news by browsing the contents. The designer can fill in the details as per the appropriate sections available within the software such as the front page, editorial page, sports page etc. The designer would also have the option to set priority to the news i.e. what will be the main headlines, which news is not of much importance etc. All the sections of the prototype will be editable providing the designer with the option of changing the priority and position of a particular headline anytime he/she wants thus making the software very flexible to use. The prototype generated will also have the option to include various advertisements. The positioning of the advertisement would be done by the tool itself based on the size and the news associated with it. There will also be an option to edit the visibility of the advertisement i.e. which advertisement must be highly visible so as to be placed as a header etc. The most distinct feature of the tool would be the use of templates. There will be ready made templates available within the software for special occasions like Hariraya, Diwali, Christmas, and Chinese New Year etc. The user will just have to choose a template from a list, fill in the details and the paper would be generated. The benefits gained from this project are: Tangible benefits: Newspaper organization will be able to create scenarios for all kind of incidents without any extra efforts. Role of the graphical designer becomes almost zero as anyone from the organization after a short training can use the tool and can create the scene very easily. Newspaper Synopsis Architect System Saves the resources of the organization in terms of time and money and effective use of the resources present in the organization It is a packaged integrated tool which can do the task of many different tools. The designer can also edit the previously saved scenarios and can save the scenario in various file formats such as JPEG, PNG, GIF, etc. This tool offers flexibility and extendibility- user build the scenario by selecting those templates that are relevant to their disciplines. The newspaper organizations would have the opportunity to generate the user acceptable designs to represent the news without wasting much resources and efforts. The placement of the news articles can be decided very easily as a simulated blank newspaper will be present for developing the design. The tool going to be developed will be very flexible, it will allow users to make the changes in the final design; users can add some important news by deleting or shifting some non essential news etc. The generated designs can be uploaded on the server to circulate among the organizations different departments and also on the website to launch an E-paper which exactly simulates the original newspaper for the internet readers and ultimately increasing the number of readers. The proposed system would be a tool to assist the design editors and subordinates to make their job simpler and effective and ultimately increasing the level of output for the organization. Provide templates that incorporate effective instructional strategies. Intangible benefits: The newspaper organizations using the tool obviously on better edge as compare to their competitors still doing the manual labor. The designs can be made one day advance and organizations can check out the feedback prior to publishing. Description of Problem Area: The major problems Newspaper Synopsis Architect System is going to address are: Newspaper provide information on politics, economics, art, culture and entertainment with a pictorial representation but in some cases it is not possible for them to arrange original photographs for some incidents which occurs at very remote places or the incident such as a terrorist attack, a murder, a bank robbery, bomb blast, any type of serious accidents, etc. Generally newspaper organization hires graphic designers for creating the graphical scenario which is the only choice for the newspaper persons for making the graphical scenario. The graphic designers take huge amount for creating the graphical scenario and also consume much time for creating a single scenario as they use different multimedia tools. For creating a single scene different tools are required such as for making the graphics CorelDraw is used then for giving effects in that graphics and producing backgrounds Photoshop is used. Previously created scenario cannot be reused as it cannot be edited. The Newspaper Synopsis Architect System will be the tool for making the newspapers; thus it needs to be full with all possible article designs (article templates). The Newspaper Synopsis Architect System will need to be complete in itself thus it need a very thorough understanding of the procedure of the news paper publication and also a good technical knowledge. To maintain the flexibility of the system it needs a proper guidance as news publication job and paper designing job is not much known to a non media person. The need is to create a suitable structure comprising of the appropriate components for making a good system. The framework is crucial as it could be used for different publications and brands as per the respective environments. The establishment of the framework will require in-depth understanding of some of the theories or concepts manifested in some technologies. For example theories of providing template require technologies such as CSS (Cascading Style Sheet) and its associated algorithms are essential to ensure highly reliable software. The current process of creating the scenarios is not so flexible. Target Audiences User is one of the main concerns on how and why a system is been developed, for this current system, the target users have been categorized into two types: The software is mainly focusing on the organization engaged in printing and publishing the news paper. It can also be used by organizations publishing monthly or yearly newsletters. Moreover it is introduced for the newspaper media persons for creating graphical synopsis for different types of incidents and also for creating cartoons required in there newspaper or magazines. On the other hand, the tool could also be used by general computer user for creating the scenario of any type of incident. Nature of challenge Newspaper Synopsis Architect System has challenges in all sorts of categories. The primary challenge is to propose an integrated system for creating Graphical scenarios for various incidents. Since the tool is the very first of its type, so making it very user friendly, interactive and attractive is also one of the challenges. The next developmental challenge is creating a major generalized library that will contain many types of graphics that will be suitable for creating graphical scenarios for any kind of incident. Giving various editable options to the graphics and representing the graphics in such a way that it will give the realistic view of the incident is another challenge. The challenge is to prove Individual templates for different type of typical scenario and for generating prototype, allowing the user to easily incorporate a variety of multimedia elements such as graphics, interactive questions, etc. The next challenge in building this system is to replace the conventional designing procedure which will employ better technologies to improve on the features of existing system of news paper designing. Providing a better system for complete prototyping before publishing, thorough research is needed. The challenge is to make an efficient algorithm for better utilization of the space available. Since the domain of the project is very new to me as all the procedures inside the newspaper organization is considered confidential and I need to learn about it before starting or even thinking about the technical aspects. C. Brief description of project objectives. (i.e. scope of proposal and deliverables) Newspaper Synopsis Architect System is a newspaper designing and content management tool and it is ought to wrap the trouble areas that I have opened in the preceding section. The system is being shaped to offer the newspaper producers with the glowing layout and integrated information so as to permit them to obtain proper output. Moreover the system can help in increasing the qualities of the product for the graphical designer, newspaper manufacturers and ultimately get the organization benefited. At the end of the project the deliverables are: Soft cover documentation of the system Hard cover documentation of the system A prototype of the system application on CD The Core Main Functionality of the system The main objective is to make full use of the resources and tools available, in order to come up with All-in-one scenario creator tool that meets the user or clients requirements and which is user friendly, interactive and attractive and gives graphical representations of information or Knowledge. To develop graphing software which represents the information in the form of lines, boxes, arrows, and various symbols and representing a concept, objects, activity, place or event by illustration. Tool that allows the user to create graphical synopsis which are used anywhere where complex information needs to be explained quickly and clearly, such as signs, maps, journalism and education and also used to show graphical scenario of the weather, as well as maps and site plans for newsworthy events, and graphs for statistical data. Individual templates need to be designed for different type of typical scenario and the template that allow the user to easily incorporate a variety of multimedia elements such as graphics, interactive questions, etc. the user would select the templates that apply to their discipline or particular case, and use them as building blocks to create an entire scenario. Instructional guidelines on how to develop the scenarios using the input tool and templates. The core idea is to build completely utilization of the assets and tools accessible, in order to approach a complete newspaper designing tool that assembles the user or clients necessities and also supplies a user friendly, interactive and attractive representation of information or Knowledge. To develop designing software that characterizes the information in the form which readers actually require. To make a software gadget that permits the newspaper designers to generate newspaper prototype ready to publish and also increasing the quality of journalism and education. Individual templates need to be designed for different type of news articles and the template that allow the client to effortlessly incorporate a variety of elements such as providing coloring, interactive data representation feature, etc. the designers just need to pick the templates that pertain to their discipline or choice, and use them as building blocks to create an entire prototype for the newspaper. To guide the designers on how to develop the newspaper prototype using the input tool, templates with applying the experts knowledge. Core functionalities included in the Newspaper Synopsis Architect System: Synopsis Architect System: Templates: This part of the system includes various types of Individual templates with different categories for creating different type of typical scenario and also include sample scenario of each category. Template Categories:- Crime Scenarios Terrorist attack Murders Bank robbery Bomb blast Hijack Accidents Entertainment Comics General Scenarios 3. Inbuilt library:- This part of the system includes a library that contains collection of stencils and different stencils include various graphics related to the incidents that generally occur in our day to day life. 4. Search Shapes: Search option provides powerful search capabilities to locate the right shape, located in the library. 5. Graphic Editing: User can edit the graphics as per his or her requirements with the editing options such as rotation handles for rotating the graphics, Selection handles for resizing graphics(can be resize to any extent), etc. 6. Add text to graphics: Although some drawings make a point all by themselves, its often helpful and sometimes necessary to add text to the shapes. Text can be added and related to the shapes easily. Newspaper Architect System: 7. Article Templates: This part of the system comprises a range of category in arranging articles of the news with particular template providing sample of each type. Example Article Template Categories:- Single column news with space for graphics space for picture Multiple column news with space for graphics space for picture space at left space at centre etc News with special watermarks 8. Toolbox: It will Includes various design generation tools like tables, color picker, different geometrical shapes, etc. that makes easy to design the newspaper that fulfills the user presentation and documents. 9. Image Generation: the prototype of the newspaper that will be designed by the designers will be saved as image format. FAQ and Help A long list of Frequently Asked Questions regarding the tool will be available for the both major module. A help file system is also included in case the user has problems using the system. Enhanced functions- Additional Features Synopsis Architect System: Making own library: User has the option to create their own library and can save the graphics created by them in the library and can also import images from outside into their library and can use the images while creating the scenario. File formats: Allows saving the scenario in different file formats such as JPEG, PNG, GIF, etc. Grid size and ruler measurements: Scale measurement is provided for scenario the scenario creation. Privacy: The system will provide a privacy option where the user can secure the scenario created by him/her, so that no other person can edit the scenario without the permission of the scenario creator owner. Sample Scenarios: Provides sample scenarios that are integrated with data to get ideas for creating your own scenarios, to realize how data provides more context for many diagram types, and to determine which template the user want to use. Sample video clips: User will be provided with sample video clips of how to design a scenario so that it becomes simpler for first time user for creating a scenario. Newspaper Architect System: The Tool would be a completely generalized one where all the functionalities will be according to the needs and environment of the organizations. Inbuilt library of Prototypes: This part of the system includes a library that contains collection of different generalized prototypes for the newspaper includes a variety of sample news articles placed at appropriate place. Special Features-Advanced Features: Synopsis Architect System: Toolbox Module: Includes various drawing tools like pencil, color picker, color fill, different shapes, etc. that makes easy to design new graphics that match the user presentation and documents. Email: Provides the facility of emailing the scenario directly. Customizability The system will enable a certain level of customizability, for example, while writing the text in the scenario, user can choose English (Malay alphabets included), Chinese, Tamil and Hindi as per requirement. Newspaper Architect System: The Newspaper Architect System would offer for the backup of the server data so that the collated data can be used in future and also this would help in building tenable software. The companies can amalgamate their own prototype of the newspaper from the available options and can save it for regular use. The designers would be able to upload the common pages of the generated prototype of the newspaper on the web server so as it can be distributed to the different branches of the news publications easily. It will be very flexible system as it provides the option to edit the generated prototypes and customize as per the need. Newspaper Synopsis Architect System is thought to be a generalized software tool and to permit maximum customization of the features according to the needs of the newspaper organizations need is the main objective of the system. Limitations of the scope: For this Synopsis Architect System tool, parameters are set to limit the scope of the project only for the solutions and functions mentioned above, in other words, functions which are not listed above will not be implemented or included in the system, it is to be reminded that these possible features or functions will also not be included in the system as well: System is not platform independent, as I am choosing .Net as the programming language for my system so it can be run only on the system with windows as the operating system. Newspaper Architect System is a newspaper designing tool and the libraries of templates I will create not necessarily considered to be complete as the articles of the newspaper are very much dynamic in nature. Newspaper Architect System is just a designing assistance tool and it wont be able to create the prototypes dynamically; it needs someone to use it and integrate his human knowledge with its theory based principles of designing. Newspaper Synopsis Architect System is thought to be a software system of its own and when the tool would be used by the organizations there would be no means to assimilate the system with any other system being utilized by the organization. Though, the newspapers organizations can have their own software or system to use the composed designs for other applications. Newspaper Synopsis Architect System wont supply for this requirement. Other learning objectives: Synopsis Architect System is the very first of its type, so by doing this project I will have to research for various other graphic designing related domains and doing this would be a benefit for me in the future. Till now I was just using the various designing tools but now my task is to develop a tool that should be user friendly, interactive and attractive and that will be a great opportunity and a good learning experience for me. Newspaper Synopsis Architect System encompasses a distinctive sphere i.e. News Presentation and Publication; by doing this project I will have to explore for this sphere and this would supply me a prospect to discover and investigate the Publication Medias news representation policies and this would be an advantage for me in the future. Developing library based systems is not new to me but bearing in mind the generalization need of the system, I will have an occasion to discover the issues permitting me to explore the potential of this area. The tool being projected is to have a bunch of features of a variety of classes such as templates and various color schemes, default prototypes and so on. To incorporate these features together into a system is going to be a good learning experience. I believe that this project could be built with the .net framework and to learn and tap the vast prospective of this expertise would compose me more rationalized and resourceful professional. D. Brief description of the resources needed by the proposal.(i.e. hardware, software, access to information / expertise, user involvement etc.) Newspaper Synopsis Architect System is being anticipated as a Library based system and in addition its domain is practically distinctive and dissimilar for a computer science student and thus I would require a lot of study and understand the domain. For the development of this tool I will need to meet people from a variety of backgrounds and fields. The planned system is paying attention on the implementation of IT to reduce the job complexity of the printing media and thus I require to have a comprehensible perceptive of both the fields. In order to understand the graphical designing, printing policies and principles of the media, I am planning to interrogate the news editors and designers. These interviews would be paying attention at discovering how IT can be used to assist the experienced design editors talent and moreover how can I reduce the complexity with enumerating the job efficiency with accuracy and precision. To recognize the potential and the expectations of the educational institute from the proposed system, I am planning to interview some of the students and lecturers involved in publication of the college news letter. I would like to discover suitable information via the data gathering techniques such as questionnaire and Interview. Hardware Requirements: Microsoft Windows XP Service Pack (SP) 2 or later or Microsoft Windows Server 2003 (or higher) required 500 megahertz (MHz) processor or higher 512 megabyte (MB) RAM or higher CD-ROM: 52X CD-Rewritable drive DVD-ROM: 8X DVD drive Minimum 800600; 1024768 monitor resolution or higher recommended Keyboard and Mouse Software Requirements: In order to carry out the development of this project, many software are needed, these include Microsoft Windows XP, which shall be the operating system for the project to be developed; authoring tools such as Adobe Photoshop, visual studio.net 2005 and Macromedia Flash will also be needed in order to come up with the interactive user interface and objects. List of software required for the project: Net framework visual studio.net 2005 crystal reports(built in with visual studio.net 2005) CSS(Cascading Style Sheet) OS-Microsoft Windows XP professional. Microsoft Expression studio. Adobe Photoshop 7.0 Macromedia Flash 8.0 Corel Draw 11 Access to Information and Expertise Newspaper Synopsis Architect System is the very first of its type, so for developing it I need to do a lot of research. In order to gather the sufficient and necessary information prior to the project, some resources will be needed, these resources may be people from different backgrounds, or reference books. In terms of gathering information from people and expertise of that particular area, face to face interviews and questionnaires are both sufficient methods. Because of that, certain people to be interviewed are: Lecturers Lecturers obtain deeper understanding towards specific technical areas in terms of computing or design, interviewing specific lecturers who specialize in specific areas can be beneficial to the project. Media persons: Since the project is mainly developed for the newspaper persons, so a face to face interview with the newspaper persons who are concern with the graphic designing and printing publication in the organization would also provide me a better insight of the of the requirements for this tool and also gather more detailed information. User Involvement User involvement is the key concept in the development of useful and usable systems and has positive effects on system success and user satisfaction. To reduce the software project failure user involvement is must. The users involved are also the one that test the system, and gives evaluations. Following are the users involved: Supervisor Media persons Graphic designers Printing Publication persons Lecturers Friends or Course mates The other information or the data sets required: The industry principles are to be identified in advance to build up the application according to the standards for the designing of the newspaper. But I am not up to snuff to do so the application would fail in various environments which are definitely disagreeable. The different cyber regulations and commitments are to be recognized as the system has to deal with the newspaper presentation for the crowd so a dignity should be maintained. For the organizations whose staff I would interrogate, I would oblige their current designing techniques and formula and I may and may not use them for my project. E. Academic research being carried out and other information, techniques being learnt.(i.e. what are the names of books you are going to read / data sets you are going to use) In concerning about Newspaper Synopsis Architect System, research is much important for the system and thorough the research is, more are the probability of development of a practical and satisfactory application. The project has diversity of supplies and I would need support on various topics and from all kinds of the resources. I have to comprehend and discover the newspaper designing policies for enhanced understanding of the project. I necessitate gaining knowledge of the project management and software engineering techniques for supervision and construction the project in a accurate and corrective manner. I too have to discover the concepts and principles of the engineering. After having established what I need to know by defining the scope of what I need to find out and my research plan by determining how I can get the information, I must conduct my research now. Academic Research: The project requires a good understanding of the graphics designing and generating prototyping as the system contains an inbuilt library which will be the main concern of the tool. I also need to learn the project management and software engineering techniques for managing and building the project in a right and corrective way. Other academic research areas that need to be looked into are: Human Computer Interaction A study on HCI to determine and provide guidelines in designing the functionality of the system. Multimedia Design Principles A good multimedia system are developed by following the principles of a good multimedia design model, it is some what related to HCI. Programming Language There are many different types of programming languages available, according to the project needs, specific languages have to be chosen and learnt in order to produce the best result. Software Methodology Different types of methodology are to be reviewed and come up with comparisons between them, in the end the best methodology would be selected for the project. Technical Research: Approaching to the technical component as I have sensed that .net might be constructive for me, I necessitate learning the guidelines and techniques of the language. I need to learn CSS so as to build the acceptable templates. Moreover I have to research on the development of library based tools to develop a generalized, robust and reliable application. Domain Research: It focuses on topic area so I needed to research and look at some Newspaper and Graphics Designing system which generated the idea of how system has been done. I followed domain research by downloading HiTech Newspaper Management Softwareand compared with the requirements needed. Primary Research: Primary research (also called field research) involves the collection of data that does not already exist. Specific interviews and distributing questionnaire to some of the graphic designer and newspaper paper persons those concerns with the graphic designing and generating prototype in the newspaper organization will be essential in order to gather the correct and accurate information required. Information and resources Books: Software engineering: A practitioners approach Roger S. Pressman. A DISCIPLINE FOR SOFTWARE ENGINEERING WATTS S. HUMPHREY, THE ESSENCE OF COMPUTING PROJECT A STUDENTS GUIDE- CHRISTIAN W. DAWSON C#.Net (The Complete Reference) Herbert Schildt Professional C# 2005 with .Net 3.0 Christian Nagel, Bill Evjen , Jay Glynn, Karli Watson, Morgan Skinner Photoshop 7 (The Complete Reference) Seth GreenBerg XML: the complete reference Heather Williamson. Professional CSS: Cascading Style Sheets for Web Design CSS Cookbook By Christopher Schmitt HUMAN COMPUTER INTERACTION (2ND EDITION)- ALAN DIX, JANET FINLAY, GREGORY ABOWD, RUSSELL BEALE Website: https://www.w3schools.com/xml/ https://www.w3schools.com/ASPNET/default.asp https://www.developerfusion.co.uk https://metaprinter.com https://www.winpcware.com https://msdn.microsoft.com https://www.newsdesigner.com/blog/ https://www.brasstacksdesign.com/ https://www.ronreason.com/ https://www.dofactory.com/ https://www.csharpfriends.com/ https://www.iitb.ac.in/~cep/brochures/2005/asb-prmgt-bro.htm https://www.aurigalogic.com/auriga/avs/home/solutions/ecm/ https://msdn.microsoft.com/en-us/library/ms130214.aspx https://hcibib.org/ https://www.usernomics.com/user-interface-design.html https://www.codersource.net/codersource_dot_net.html https://www.techtutorials.info/wbmsnet.html https://www.totaltraining.com/prod/microsoft/expression.asp https://www.allgraphicdesign.com/graphicdesignarticles/newspaperadsgraphicdesign/newspapersdesigningtips.html https://www.orandadesign.co.uk/bristol-bath-graphics-print-stationery-design.htm This is just a tentative list and the figures may rise as the project progresses. F. Brief description of the development plan for the proposed project.(i.e. which software methodology and why, the major areas of functions to be developed and the order in which developed) Concerning about SDLC for the development of Newspaper Synopsis Architect System the Incremental model would be employed. Since I am initializing the project from the scratch although many of the requirements are known but realization of that is not done thus it is complex to recognize all the user requirements and its nature at the start. Through utilizing the Incremental model the developer has the compass to integrate the requirements after understanding it and thus can deliver reliable end product. The advancement of the project is not depending on severe scheduling; though it is depending on the reaction of the users instead. The model replicates an endeavor to boost the litheness of the development procedure by permitting the developer to interact and test through an operational illustration of the product. Incremental Model The incremental (multi-build) model determines user needs and defines a subset of the system requirements, then performs the rest of the development in a sequence of builds. The first build incorporates part of the planned capabilities, the next build adds more capabilities, and so on, until the system is complete Justification on the selection of this methodology Incremental model is an evolution of waterfall model. The product is designed, implemented, integrated and tested as a series of incremental builds. Incremental software development model is good to implement to the projects where: Software Requirements are defined, but understanding may be overdue. The basic software functionality are essential before time Product built as sequence of incremental builds each build a collection of code each build designed, coded, tested It provides a highly flexible development a lesser amount of cost required to alter scope and requirements. The product developed is easier to test and correct through a slighter iteration. It is easier to supervise risk since uncertain pieces are identified and handled during its iteration. Development Plan I enfolds the general procedure to several extra comprehensive tasks for the development plan, here is a listing of the plan with its probable durations: Start date: 8th December, 2008 Duration : 33 Weeks End date : 5th Aug, 2009 Project Definition Duration: 1 week Tasks: dea invention Project Title Selection Feasibility Studies Abstract Draft Project Proposal 2. Project Planning Duration: 3 weeks Tasks: Schedule and Time Estimation Project Proposal Form Requirement Analysis Duration: 12 weeks Tasks: Identify project specifications Project Background Resources required Techniques to be learnt Goals and Objectives Determine System Functionalities Identify scope of research Project Specification Form Investigation and Research Newspaper Designing software Graphic Designing software Other editing and designing tools Current scenario creating process Current news assembling and design process Programming language research Human and Computer Interaction Project management issues User requirements Analysis User Modeling and Profiling Domain analysis System analysis Risk analysis 4. Mid Point Presentation Duration: 1 week 5. System Design Duration: 5 weeks Tasks: Navigational Design Story Boarding Data flow Diagram Abstract Interface Design Screen layout Content Design Interactivity Design Functionality Design Prototyping Duration: 12 weeks Tasks: Creating Prototypes Evaluate Prototype feedbacks 7. Production and Implementation Duration: 8 week Tasks: Code generation Module Integration 8. Testing and Evaluation Duration: 6 weeks Tasks: Prototype Evaluation Test Plans Unit Testing Integration Testing System Testing Critical Evaluation Project Ending Duration: 4 weeks Tasks: Submission of the finished product Presentation The development plan listed above is the estimated one and most of the task will move on simultaneously and the estimated plan may have a little bit change in the time duration of the tasks. Major functions to be developed Starting with the Implementation phase, the major task will be developing a generalized inbuilt library for the proposed system which will consists of all types of general graphics, which will be used to create different types of scenarios for different types of incidents. After completing the inbuilt library part the main concern will be on the graphics editing section i.e. User should be able to edit the graphics as per his or her requirements with the editing options such as rotation handles for rotating the graphics, Selection handles for resizing graphics(can be resize to any extent), etc. The key factor for template in designing prototype includes general library for the proposed tool which includes a variety of different article templates, which will be applied to generate the prototype of the newspaper. Finishing the template library part the core concern will be on the prototype editing division i.e. User would be capable to revise / edit the generated prototype as the requirement changes. The nature of the proposed project is such that its Research and Analysis will be the hardest task in the complete project. Since the project needs to be generalizing thus high-quality research work will be required. G. Brief description of the evaluation and test plan for the proposed project. (i.e. what is the success criteria and how will be evaluated implementation will be tested, indicate the estimated size of the demonstration/test database) The guarantee for the quality of the end product can be judged by testing only; Testing is the course of exercising software with the purpose of discovering and extracting errors. Above mentioned essential obviously applied for the Newspaper Synopsis Architect System. The testing for the system will be essential at each phase as every time the prototype of the system will be created it needs testing. I will apply the conventional testing techniques so as to expose a lot of errors possible. During the development of this project, testing will be done from various phases and stages, opening from the early on phase of the development, until the very last part. These tests will be carried out by prototype tests, and also final system tests. The test plan/ test case that I will be prepare is based on the below mentioned points: Test unit specification. Features to be tested. Approach for the testing. Test deliverables. Schedule. Pass/fail criteria. The points for the test case diagram may increase according to the requirements after getting more knowledge of the tool. These types of testing are to be applied in the system: Unit and Integration Testing- The Newspaper Synopsis Architect System will be developed in different modules or units, based on these units, testing will be done individually, once the modules are tested, they are been incorporated for the integration testing. These testing will be performed by the developer and supervisor. Usability Testing- This testing tests the usability of the system, it reflects on the user interface design, familiarity, user acceptance and recoverability of the system. This will be performed by End user and supervisor. System Testing:Testing involves putting the new program in many different environments to ensure the program works in typical customer environments. In case of Newspaper Synopsis Architect System, complete testing of the system need to be done so that All-in-one authoring software can be developed. Tester: Developer Exploratory testing:Exploratory testing is a type of testing where tester does not have specifically planned test cases, but he/she does the testing more with a point-of-view to explore the software features and tries to break it in order to find out unknown bugs. A tester, who does exploratory testing, does it only with an idea to more and more understand the software and appreciate its features. During this process, he/she also tries to think of all possible scenarios where the software may fail and a bug can be revealed. The Assessment on Success Criteria are as: To evaluate on how successful a project is, these criteria are considered: Meeting user requirements- The project will considered as a successful project only if it convinces each solo necessities of the user/client. The evaluators are Supervisor and End users. Functionality It determines the functionality of the completed system. Each and every function of the system shall be assessed, such as the prototype generation of the newspaper. The evaluation will be done by Supervisor, End users and Developer. Usability- The assessment would be on Elements such as user acceptance, accessibility, familiarity and recoverability. The evaluators are Supervisor and End users. Level of Content- It assesses the amount of detailed and well presented information and content available in the system. The Evaluators are Supervisor and End users. Project Management It evaluates the ability to administer the project in a professional and orderly manner. The evaluation is done by Supervisor. Research and Analysis- It evaluates the superior sum of well explored research and analysis work is important to the success of a project. The evaluator is Supervisor. Documentation- The ability to come up with a documentation which is very well formatted and good English and grammars are used. Evaluator is Supervisor.