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Development of Appropriate Metric

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Added on  2020-03-23

Development of Appropriate Metric

   Added on 2020-03-23

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Running head: PROJECT MANAGEMENTProject Management: Virtucon/Globex Scenario RALS EventName of the student:Name of the university:
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1PROJECT MANAGEMENTTable of Contents1. Part 1: Measurable Organizational Value (MOV).......................................................................21.1 Identification of the desired area of impact...............................................................................21.2 Identification of the type of the values......................................................................................41.3 Development of appropriate metric...........................................................................................41.4 Development of the timeframe..................................................................................................51.5 Summary of the MOV...............................................................................................................82. Part 2: Scope management plan for RALS..................................................................................82.1 Project scope..............................................................................................................................82.2 List of project resources.............................................................................................................92.3 The resource details.................................................................................................................103. Part 3..........................................................................................................................................113.1 Work Breakdown structure for RALS.....................................................................................113.2 Set of project activities............................................................................................................113.3 Resources of the project...........................................................................................................143.4 Estimated cost for the task.......................................................................................................173.5 Time estimated for the project.................................................................................................234. Part 4: Project Risk Analysis and Plan......................................................................................244.1 project risk analysis and plan...................................................................................................245. Part 5: Quality management plan..............................................................................................265.1 Team’s philosophy...................................................................................................................265.2 Quality assurance for RALS project........................................................................................26Part 6: Closure and Evaluation......................................................................................................276.1 Development of closure checklist............................................................................................276.2 Development of project evaluation outline..............................................................................28Bibliography..................................................................................................................................29
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2PROJECT MANAGEMENT1. Part 1: Measurable Organizational Value (MOV)The Globex established a prior project on Rivarina Agriculture and Lifetime Show(RALS, a 3 days event) from 2000. This show demonstrates the local business, agriculturalequipments suppliers and the lifestyle products as well. For proper management of the RALSprojects the components those must be followed by the program developers include show standco ordination, live display of the program, catering, volunteers etc. The tickets for RALS showare available in the RALS gates which are manual however; in order to resolve the issuesassociated to manual ticket booking system, the Globex committee has decided to adoptcomputer based ticket booking system for their consumers. With the help of manual ticketing theefficiency and timeliness will increase accordingly. In addition to this for this change the service providers are needed to rearrange theexisting approaches in terms of proper quality management, budget management, timemanagement, risk management etc. In order to execute the project concept without any error it isnecessary for the project manager and project development team members to work according tothe work breakdown activities within estimated time and budget as well.1.1 Identification of the desired area of impact Desired areaImpactRankingStrategyWith the help of properbusiness strategies thecompany will be able togain higher revenue andmore consumers as well.2ConsumersConsumers are the mostimportant asset to anybusiness, with advancedonline ticket bookingsystem the consumers neednot to wait in the queue and4
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3PROJECT MANAGEMENTthey could get the expectedanswers from the onlineticket booking portal also.OperationalWith operational andfunctional strategies theemployees and projectdevelopment team memberswill be able to operate theonline ticket bookingsystem properly.3FinancialFinancial support is themain thing that helps theproject developers toexecute the project in sucha way so that they could geteffectiverevenuethroughout. 1SocialFor improving the existingcommunication system thesocial approaches are verymuch important to beimproved.51.2 Identification of the type of the valuesBetter: The online ticket booking system will help the project manager to deliver qualityservice to their clients.Faster: It will help to speed up the entire process starting from the ticket booking up toits delivery to the consumers.Cheaper: The total business efficiency will increase and the rate of capital investmentwill be completely minimized.1.3 Development of appropriate metricThe stakeholders of associated to the project are divided into two parts internalstakeholder and external stakeholder. In order to evaluate the online ticket booking system for
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4PROJECT MANAGEMENTRALS show the stakeholders are required to meet their expectations properly. The expectationsof the stakeholders are as follows:Stakeholder’s nameExpectationProject manager To complete the project on time Team members To deliver service as per the expectation of theinternal and external consumers Finance manager The finance manager expected to complete theproject within estimated budgetProject volunteers The volunteers are needed to control andmonitor the project progress properly and theyexpect to increase the system efficiency1.4 Development of the timeframeWBSTask NameDurationStartFinishPredecessors0Timeframe developmentfor RALS system110 daysMon 10/2/17Fri 3/2/181 Project initiation phase 31 daysMon 10/2/17Mon 11/13/171.1 Understanding projectrequirements 6 daysMon 10/2/17Mon 10/9/171.2 Budget planning 5 daysTue 10/10/17Mon 10/16/1721.3 Time management forthe RALS project 5 daysTue 10/17/17Mon 10/23/1731.4 Risk assessment 4 daysTue 10/24/17Fri 10/27/174,21.5 Scope assessment 6 daysMon 10/30/17Mon 11/6/1751.6 Resource requirementfor RALS online ticketbooking system 5 daysTue 11/7/17Mon 11/13/1762 Milestone 1:0 daysMon 11/13/17Mon 11/13/177
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5PROJECT MANAGEMENTCompletion of projectinitiation phase 3 Project planning 32 daysTue 11/14/17Wed 12/27/173.1 Risk managementplanning 6 daysTue 11/14/17Tue 11/21/1783.2 Scope management 5 daysWed 11/22/17Tue 11/28/17103.3 Quality management 7 daysWed 11/29/17Thu 12/7/174,113.4 Stakeholder’sidentification 5 daysFri 12/8/17Thu 12/14/17123.5 Online ticket bookingsystem development 4 daysFri 12/15/17Wed 12/20/17133.6 Online paymentimplementation 5 daysThu 12/21/17Wed 12/27/17144 Milestone 2:Completion of projectplanning phase 0 daysWed 12/27/17Wed 12/27/17155 Project execution 29 daysThu 12/28/17Tue 2/6/185.1 Website analysis 5 daysThu 12/28/17Wed 1/3/18165.2 Website testing 6 daysThu 1/4/18Thu 1/11/18185.3 Understatingconsumer’s requirements 6 daysFri 1/12/18Fri 1/19/18195.4 Prototypeimplementation 6 daysMon 1/22/18Mon 1/29/1814,205.5 Reviewing functional6 daysTue 1/30/18Tue 2/6/1821
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