The document proposes modernizing SFS's monolithic Fund Management application using VMware's App Modernization framework. It involves:
1) Conducting an initial assessment of the application using VMware App Navigator tools to analyze modernization options and provide a report and business case.
2) Implementing the Tanzu application platform and Kubernetes operations in Phase 1 to deploy and showcase value.
3) Continuing modernization efforts in Phases 2 and 3, completing the project within 6 months and handing over control to SFS.
The proposal aims to help SFS address challenges to business agility from its legacy architecture and control IT costs, in line with its goals to digitally transform and drive new business