Online Investment Portfolio - Project Plan for Cornerstone Securities

This project plan outlines the objectives, stakeholders, constraints, scope, budget, time estimate, quality management process, and risk management process for Cornerstone Securities' Online Investment Portfolio. The plan includes a detailed task list and budget breakdown, as well as information on the project's background and value statement.

32541 Project Management – Assignment 2 Part A
Due 6pm 4th June 2018
Cornerstone Securities
“Online Investment Portfolio”
Project Plan
Prepared By: [Student Id & Full Name]
[Student Id & Full Name]
[Student Id & Full Name]
Project Managers
© Alan Sixsmith 2018

Online Investment Portfolio - Project Plan
Table of Contents
1. DOCUMENT PURPOSE_________________________________________3
2. PROJECT BACKGROUND_______________________________________3
3. PROJECT OBJECTIVES_________________________________________3
4. PROJECT STAKEHOLDERS_____________________________________3
5. PROJECT VALUE STATEMENT__________________________________3
6. PROJECT CONSTRAINTS_______________________________________3
7. PROJECT SCOPE______________________________________________3
8. TASK LIST____________________________________________________4
9. PROJECT BUDGET_____________________________________________4
10. PROJECT TIME ESTIMATE______________________________________4
11. QUALITY MANAGEMENT PROCESS_____________________________4
12. RISK MANAGEMENT PROCESS_________________________________4
13. MONITORING AND CONTROL__________________________________4
14. IMPLEMENTATION STRATEGY_________________________________5
15. RECOMMENDATION(S) AND APPROVALS______________________5
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Online Investment Portfolio - Project Plan
1. Document Purpose
The main purpose of the Cornerstone Security project is to prepare a detailed project
plan that will aid them to offer advanced security services to the customers. The
Cornerstone Service Limited provides the agile as well as appropriate financial data. It
provides opportunities to the customers to create strategic investment for the excellent
returns.
2. Project Background
The Securities and Futures Commission of Hong Kong license Cornerstone Securities
Ltd and conducts Type 1 and Type 4 activities. Type 1 activity deals with securities
and Type 4 advising on securities. Cornerstone Securities Ltd regulates and monitors
the activities and they update all the activities. The enterprise is the Hong Kong
Exchange Participant and Trading Right Holder.
The enterprise generally provides secured service to the customers. They generally
provide a wide range of services which include the margin financing, settlement, IPO
application, private placement custodian, underwriting and nominee service. The
enterprise is the safe, reliable as well as financial brokerage companies found in the
market. It is their mission to offer ‘professionalism’, ‘integrity’, excellence’. The
customers are provided trustworthy and reliable investment partner and to work in a
professional manner. The trading platform gives the fast and the appropriate financial
information. It facilitates them with well-established strategic investment for excellent
returning.
3. Project Objectives
The goals of the Cornerstone Security project are as defined as follows-
 To provide the customers with IPO Application, underwriting, advising on
securities and the nominee services
 To provide reliable investment services to the customers
 To offer corporate financing services
4. Project Stakeholders
Names Position Phone
number
E-mail ID
Harrison
Ransom
Executive Officer
(Project Sponsor)
(03) 5349
7039
[e-mail]
m
Amy Jeanneret Technology
Officer
[phone] [e-mail]
Rachel D'Arcy-
Irvine
Chief Operating
Officer
[phone] RachelDArcy-
[e-mail]
Jordan IT Manager [phone] [e-mail]
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Online Investment Portfolio - Project Plan
Strickland
Leah Hindmarsh HR Manager [phone] [e-mail]
Aidan Egge Project Manager [phone] [e-mail]
Jasper Reading Sales [phone] [e-mail]
5. Project Value Statement
The Cornerstone Project will provide 75% more customer sa
6. Project Constraints
The constraints of the Cornerstone Project are:
 The project’s completion date is December 30, 2018
 The project budget ranges up to $A 4 million
 The project manager has setup the project team; the team will contain 6 full-
time members and 2 part-time members
o Project Manager
o Operational Analysts
o Hardware Engineer
o IT Network Engineer
o IT Security Engineer
o Accountant
o Vendor Relationship Manager
7. Project Scope
 Developing IT architecture plan
 Developing pilot version and that version must be tested and evaluated before
it appears in the market
 Coverage of all the plans like the hardware, security solution and the network
architecture
 Infrastructure source under request for the process of proposal
 Offering training and assistance to the staff
 Transfer of data to the ‘Cornerstone Securities’ new system from the
traditional system
 Configuring operational support and assistance for the hardware and the
software resources
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8. Task List
Scope Item: Make an IT architecture plan.
Task Name Deliverable
Consider different IT requirements List of requirements is made
Discussion with stakeholder regarding the plan. Architecture plan is approved.
Design the plan. Development of architecture plan
Scope Item: Building and Testing Pilot version
Task Name Deliverable
Deciding time Time decided
Selecting random customers List created
Monitoring pilot version Results from monitor
Customer feedback Feedback collected
Result analysis Improvement noted
Improvement done Pilot version successful
Scope Item: Source of infrastructure under a request for proposal process
Task Name Deliverable
Prepare a draft of RFP for infrastructure. Draft of RFP is made
Circulate the RFP and review the responses.
Reviewing of different responses
Finalize the most suitable vendor Vendor is finalized
Sign the contract with vendor.
Contract is signed
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Online Investment Portfolio - Project Plan
Scope Item: Provide training to the staff.
Task Name Deliverable
Select days for training for selected employees. Days and Employees are finalized
Guide employees regarding new system. Employees learned new system
Analysis the daily improvement of employees. Regular analysis of employee’s
improvement
Scope Item: Requirement Documentation
Task Name Deliverable
Preparing requirement list Requirement list created
Finalizing list Final list created
Preparing Software Requirement Specification SRS created
Analysis by peers Feedback collected
Approval of SRS Approval taken
Scope Item: Maintenances
Task Name Deliverable
Documenting contract Documentation prepared
Checking document Document checked
Signing document Document signed
9. Project Budget
Task Name Resource Names Cost
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Online Investment Portfolio - Project Plan
Cornerstone Securities Project Plan $59,576.00
Project Scope of the Software $4,176.00
Project Scope Detailed Analysis Cornerstone Securities
Management $2,016.00
Selection of Resources for Carrying Out
Software Project Project Manager $2,160.00
Cornerstone Securities Project Requirements
Detailed Analysis $10,944.00
Carrying Out Need Analysis of Cornerstone
Securities Record
Cornerstone Securities
Management $2,592.00
Cornerstone Securities Project Specifications
Detailed Review
Cornerstone Securities
Management $2,880.00
Preparation of draft for Cornerstone Securities
Record Specifications
Cornerstone Securities
Management $2,592.00
Acquiring Approvals to Proceed Further Project Manager $2,880.00
Cornerstone Securities Project Design
Specifications $2,560.00
Detailed Review of Cornerstone Securities
Record Project Specifications Business Analyst $1,024.00
Acquiring Approval for further Proceed Business Analyst $1,536.00
Cornerstone Securities System Development $8,448.00
Detailed Overview of Functional Specifications IT Coder $1,792.00
Appointing Development Staff IT Coder $2,048.00
Coding for the Software IT Coder $1,280.00
Cornerstone Securities Software Testing IT Coder $1,536.00
Developing Unit Test Plans IT Coder $1,792.00
Conducting Integration Test Plans $15,576.00
Conduct Unit Testing $7,392.00
Component Model Testing IT Tester $3,696.00
Assessing Anomalies to the Specifications of
Project IT Tester $3,696.00
Conducting Integration Testing $8,184.00
Test Module Assessment for Cornerstone
Securities Record Project IT Tester $3,960.00
Test Module Integration for Cornerstone
Securities Record Software Project IT Tester $4,224.00
Conducting Training $11,280.00
Detailed Usability Study for Cornerstone
Securities Record Project IT Trainer $4,200.00
Training Materials Finalise for Cornerstone
Securities Project IT Trainer $4,200.00
Quality Checking Training Project Manager $2,880.00
Documentation Preparation for Cornerstone
Securities Software Project Technical Communicators $1,408.00
Software Deployment IT Deployment Team $1,584.00
Post Implementation Review Project Manager $3,600.00
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Online Investment Portfolio - Project Plan
10. Project Time Estimate
Task Name Duration Start Finish Predecessors
Preparing IT infrastructure plan 16 days Fri 01-06-18 Fri 22-06-18
Considering varied IT
requirements 5 days Fri 01-06-18 Thu 07-06-
18
Discussion with the stakeholders
about the plan 6 days Fri 08-06-18 Fri 15-06-18 2
Detailed design of Plan 5 days Mon 18-06-
18 Fri 22-06-18 3
Building Pilot Version and Testing
Pilot Version 39 days Mon 25-06-
18
Thu 16-08-
18
Deciding time 6 days Mon 25-06-
18
Mon 02-07-
18 4
Selection of customers
randomly 7 days Tue 03-07-18 Wed 11-07-
18 6
Regulating pilot version 8 days Thu 12-07-
18
Mon 23-07-
18 7
Customer feedback 6 days Tue 24-07-18 Tue 31-07-
18 8
Detailed analysis of test results 7 days Wed 01-08-
18
Thu 09-08-
18 9
Improvements conducted 5 days Fri 10-08-18 Thu 16-08-
18 10
Infrastructure Source under
request for carrying out the
proposal procedures
23 days Fri 17-08-18 Tue 18-09-
18
Preparing draft for Cornerstone
Securities project 6 days Fri 17-08-18 Fri 24-08-18 11
Circulating the response form
and review of the responses 5 days Mon 27-08-
18 Fri 31-08-18 13
Finding the appropriate vendor
and finalise it 6 days Mon 03-09-
18
Mon 10-09-
18 14
Signing contract with the vendor 6 days Tue 11-09-18 Tue 18-09-
18 15
Providing training to the staff 14 days Wed 19-09-
18
Mon 08-10-
18
Scheduling training for the
selected employees 5 days Wed 19-09-
18
Tue 25-09-
18 16
Providing guide to the
employees regarding the new
system
5 days Wed 26-09-
18
Tue 02-10-
18 18
Daily improvement analysis of
the employees 4 days Wed 03-10-
18
Mon 08-10-
18 19
Requirement Documentation 26 days Tue 09-10-
18
Tue 13-11-
18
Preparing requirement list 5 days Tue 09-10-18 Mon 15-10-
18 20
Finalising List 4 days Tue 16-10-18 Fri 19-10-18 22
Developing Software 6 days Mon 22-10- Mon 29-10- 23
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Requirement Specifications 18 18
Peers Analysis 6 days Tue 30-10-18 Tue 06-11-
18 24
SRS Approval 5 days Wed 07-11-
18
Tue 13-11-
18 25
Maintenances 19 days Wed 14-11-
18
Mon 10-12-
18
Contract Documenting 5 days Wed 14-11-
18
Tue 20-11-
18 26
Document Checking 7 days Wed 21-11-
18
Thu 29-11-
18 28
Signing Document 7 days Fri 30-11-18 Mon 10-12-
18 29
11. Quality Management Process
Quality management process involves detail analysis of the project how the
Cornerstone Securities management can be implemented. The process will let them
know how the quality attributes can serve them. The project manager must put effort
to assure that the project processes are carried in efficient and effective manner. In
this way the quality of the project criteria is assessed.
The quality management process involves the following principles, standard, quality
assurance, quality control and the validation procedures.
12. Risk Management Process
Risk Management is the analysis which analysis and prioritise the risks. The project
manager by following the project management methodologies can reduce the
uneventful happenings. The Cornerstone Securities project is not well planned then
both the resources and money will get wasted. The risk management procedures
consist of the following processes-
1. Plan Risk
Under the plan risk, the project manager assesses the risk and prepare project plan.
The project manager by following the project plan can mitigate the project risks
effectively
2. Identification of Risks
Risks identification helps the project manager and his team along with the
stakeholders to acknowledge the risks that can create negative impact on the project.
In this way the project manager can be able to assess the risks associated with
Cornerstone Project.
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Online Investment Portfolio - Project Plan
3. Analysis of Risks
The risks related to Cornerstone Project will be analysed by the project manager and
the stakeholders. The project manager will determine the risk probability, risk impact
and the risk exposure. With the aid of the risk probability, risk impact and the risk
exposure the following risk is identified along with the mitigation procedures.
4. Treating Risk/Risk response Planning
While a risk is ranked from highest to lowest point, a plan should be initiated to
minimise those risks. There are several strategies like the mitigation strategies,
contingency plans and the preventive plans for mitigating those risks related to
Cornerstone Securities project. Mitigation associates evading planning which
describes project actions that need to be performed to prevent the risks, in other cases,
the project contingency involves performing and creating of backups and follow of
plans in case any event or any project activity fails.
5. Controlling and monitoring of risks
The controlling and monitoring of risk involves quality checking of the project. Here
the risks are evaluated and after that the project manager plans the action to mitigate
all those risks.
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Online Investment Portfolio - Project Plan
Project Monitoring and Control
The project procedures must be monitored and must be controlled all the time. It is
the responsibility of the project manager to monitor the project progress after every
major activity gets finished. The four categories must be taken into consideration to
carry out the Cornerstone Security project and they are-
 Accumulating all the relevant information related to the performance of the
project
 Detailed analysis of the performance of the project to detect any related
changes
 Detailed reporting of the project performance
 Managing the project change
Face-to-face or Video Call Meetings
Face-to-face interview and the video call meetings will be conducted to accumulate
information about the project details and the project performance.
Variance Reports
The reports of variance aids to know both the current as well as the expected outcome
of the project. Current period variance demonstrates clear picture what is going on
within the project.
Problem Solving
There are several problems associated with the project; the best path must be chosen
to rectify the issues. The project manager must discuss with the stakeholders and must
mitigate the issues raised. The stakeholders must follow the plan in order to get
sufficient results and outcome.
Project Dashboards
Project Dashboards is the methodology to choose the best path for the problem
recovery. Each and every project activities’ progress is recorded and this helps to
know whether the project is on track or not.
Project Control Structure
Project Control Activities are performed to carry out the implementation of the project
and this aid in getting g the project back on track.
Project Change Control Process
The change control process is organised to manage all the changes to the system. The
services can help in managing the project activities ethically and efficiently. The
process involves five stages-
 Suggesting change
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Online Investment Portfolio - Project Plan
The process gives the opportunity to make any changes. The suggested
changes will include the detailed description of the change and the required
benefits. All the changes for the project must be documented in the change log
for further use.
 Impact Summary
 The changes will occur in the following sections-
o Benefits that are offered by the project
o Budget estimation to implement the change
o Analysis of the resources required
o Risk associated issues
 Decision
The project manager will review the change request and will make the final
descion, he will either defer or accept or reject.
 Change implement
The project manager needs to approve the change, the latest changes needs to
be planned and executed and it must be agreed with the stakeholders.
 Change Closure
If the change is implemented, the change request is closed in the log.
Implementation Strategy
The Securities and Futures Commission of Hong Kong license Cornerstone Securities
Ltd. The project manager will implement several security related services to enhance
the business and offer better services to the customers. At the time of the
implementation the test set of the users will be analysed. The analysis will help to
know how they can serve the customers better.
The project will be implemented as per project plan prepared by the project manager.
The project plan will be implemented as per the deliverables. The following major
activities will present the following-
Task Name
Preparing IT infrastructure plan
Building Pilot Version and Testing Pilot Version
Infrastructure Source under request for carrying out the proposal procedures
Providing training to the staff
Requirement Documentation
Maintenances
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Online Investment Portfolio - Project Plan
Recommendations
The project stakeholders should work hard and should follow the project plan. The
stakeholders must keep in mind the project schedule and budget and must follow
accordingly.
References
Aganin, A., 2016. Review of securities class action filings in 2015. Journal of
Investment Compliance, 17(3), pp.1-27.
Chandler, W.B. and Rickey, A.A., 2017. The Trouble with Trulia: Re-Evaluating the
Case for Fee-Shifting Bylaws as a Solution to the Overlitigation of Corporate Claims.
Fischer-Appelt, D., 2017. Reforming EU securities laws: the new EU Prospectus
Regulation. Journal of Investment Compliance, 18(4), pp.53-58.
Fuerman, R.D., 2016. Securities Class Actions Compared to Derivative Lawsuits:
Evidence from the Stock Option Backdating Litigation on their Relative Disciplining
of Fraudster Executives.
Hopkins, J., 2017. Do Securities Class Actions Deter Misreporting?. Contemporary
Accounting Research.
Shea, B.J., 2015. Better Go It Alone: An Extension of Fiduciary Duties for Investment
Fund Managers in Securities Class Action Opt-Outs. Wm. & Mary Bus. L. Rev., 6,
p.255.
Xu, L., 2015. In re Advanced Battery Technologies, Inc.: How Independent Auditors
of Chinese Reverse Merger Companies Avoid Liability in Securities Fraud
Litigation. Tul. J. Int'l & Comp. L., 24, p.427.
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