Project Management Best Practices

This assignment requires students to analyze a set of research articles on project management. The focus is on understanding how organizations implement and improve project management practices, the challenges of global software development, and the integration of multiple Project Management Offices (PMOs) within large organizations. Students must create an annotated bibliography summarizing each article's main points, methodology, findings, and relevance to the broader field of project management.

Running head: PROJECT MANAGEMENT
Development of a new online cash marketplace platform – I-Crop
Name of the Student
Name of the University
Author’s Note

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Table of Contents
1. Part One:.................................................................................................................................3
1.1 Measurable organizational Value (MOV)........................................................................3
1.2 Desired project plan value................................................................................................3
1.3 Appropriate metric...........................................................................................................3
2. Part Two:................................................................................................................................5
2.1 Project scope....................................................................................................................5
2.2 Out of scope.....................................................................................................................5
2.3 Scope management plan...................................................................................................5
2.4 Project resources..............................................................................................................6
3. Part three................................................................................................................................7
3.1 Project milestones............................................................................................................7
3.2 Project activities...............................................................................................................7
3.3 Project resources..............................................................................................................8
3.4 Time estimation................................................................................................................9
3.5 Project budget.................................................................................................................10
3.6 Time phase Budget.........................................................................................................11
4. Part four................................................................................................................................11
4.1 Assumptions...................................................................................................................11
4.2 Project risks and project risk management strategy.......................................................11
5. Part Five...............................................................................................................................14
5.1 Statement on project quality...........................................................................................14

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5.2 Verification activities.....................................................................................................14
5.3 Validation activities.......................................................................................................14
6. Part Six:................................................................................................................................14
6.1 Annotated Bibliography.................................................................................................14
6.2 Closure checklist............................................................................................................15
6.3 Project evaluation...........................................................................................................15
Appendices...............................................................................................................................16
Appendix 1: Annotated Bibliography..................................................................................18

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1. Part One:
1.1 Measurable organizational Value (MOV)
Area of Impact Rank (1 - 5)
Strategy 4
Consumers 1
Financial 3
Operational 2
Social 5
1.2 Desired project plan value
Out of the four values, the expected values for this project are generally elaborated
below:
Better: The advance strategies of the business that is used by the business is
considered to be better in proving the present status of the organizational operations.
Faster: The new type of services like transaction on online medium helps in keeping
contact with the sellers as well as buyers quite fast as well as easily.
1.3 Appropriate metric
Rank Metrics Impact Timeframe
1 Consumers There is increment
in the consumers by
10% as because of
the services on the
online platform,
consumers can reach
the organization
70days

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from any one of the
location.
2 Operational There is increment
in the efficiency of
the operation
because of the
various services
which are provided
by the I -crop
website as well as
application.
80days
3 Financial It is analyzed that
due to the new
services, there will
be financial growth
within the
organization.
65 days
4 Strategy Business related
strategies required to
be utilized as they
will be helpful in
obtaining proper
competitive
advantages for
continuous
60 days

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improvement.
5 Social Advertisement is
done with the help
of social media for
capturing the nearby
areas.
50 days
2. Part Two:
2.1 Project scope
Project scope are listed below:
 Proper analysis as well as gathering of project requirement
 Website development include all the different specifications
 Undertaking testing for ensuring its proper launch
 To deliver the services 24 hour a day to the customers with la the options
2.2 Out of scope
The out scope include:
 Details about the maintenance of the project website is not provided
 Excluding the information that are related with the external stakeholders
2.3 Scope management plan
The scope management plan mainly include:
 The difficulties as well as problems related with the project must be understood
properly
 Identifying the reasons due to which scope creep occurs
 Developing work breakdown structure
 Identifying proper strategies for avoiding scope creep

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2.4 Project resources
People: The project resources include:
Technology:
Software CSS, HTML, JavaScript
Hardware RAM, Desktop, Hard disk
Network Server
Others: Facility including extra payment for travelling should be paid to the people
or staffs who works for extra hours.

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3. Part three
3.1 Project milestones
3.2 Project activities
Figure 1: Project activities
(Source: Created by Author)

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3.3 Project resources
Figure 2: Project resources
(Source: Created by Author)

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3.4 Time estimation
Figure 3: Timeline
(Source: Created by Author)

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3.5 Project budget
Figure 4: Project budget
(Source: Created by Author)

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3.6 Time phase Budget
October
2018 November
2018 December
2018 January
2019 February
2019 March
2019
$0.00
$5,000.00
$10,000.00
$15,000.00
$20,000.00
$25,000.00
$30,000.00
Time- phase budget
Cost
Figure 5: Time phase budget
(Source: Created by Author)
4. Part four
4.1 Assumptions
The assumptions include:
 Finishing the project activities within the timeframes that is expected
 Management of project successfully
 The project will enhance the financial revenue
4.2 Project risks and project risk management strategy
Ris
k
ID
Description Probabilit
y
Impac
t
Rat
e
Assigne
d To
Response
Strategy
Threat or
Opportunit
y
R1 Network
related issues
90% 4 360 Network
engineer
It is
necessary to
Threat

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hire proper
network
engineer for
resolving
the issues of
network
issues.
R2 Cybersecurity 90% 5 450 IT
manager
It is
necessary to
utilize
encryption
for avoiding
various
types of
security
related
issues.
Threat
R3 Lack of
management
: It is
necessary to
manage the
project
80% 5 400 Hr.
manager
It is
necessary to
utilize
managemen
t strategies
for
managing
the project
Threat

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successfully
.
R4 Extension of
project time:
It is
necessary to
extend the
time of the
project for
adding
features
within the
system
70% 4 280 Project
manager
In order to
avoid
extension, it
is necessary
to take
proper steps
for avoiding
the
extension of
the project
time.
Opportunity
R5 Improper
design: If the
design of the
prototype is
not
appropriately
designed then
it causes lot
of issues.
90% 5 450 Designer It is very
much
necessary to
hire
designers
who are
very much
experienced
so that they
can create
proper
design
Threat

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5. Part Five
5.1 Statement on project quality
Quality management is one of the act that helps in overseeing that all the activities as well
as tasks that are needed or maintaining the project are listed below:
 It is found that it is necessary to check the quality of materials properly
 It is necessary to provide training so that the staffs an work together
 It is quite important to take proper quality checking on regular basis
 Testing should be conducted for ensuring proper working of the system.
5.2 Verification activities
Verification Activity When?
Designing review In the execution phase
Prototype review In the execution phase
Project cost review In the execution phase
5.3 Validation activities
6. Part Six:
6.1 Annotated Bibliography
Refer to Appendix
Validation Activity When?
Testing of the website In the testing phase
Integrated as well as acceptance testing In the execution phase
Project testing In the testing phase

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6.2 Closure checklist
Closure checklist Checklist options
Delivering quality as well as on time services? Yes
Project handover completed? Yes
Traceability matrix of the project is checked? Yes
Does the business effectiveness is increased? No
6.3 Project evaluation
Evaluation Criteria Option
Does the project is delivered successfully? Yes  No 
Does the consumers increases? Yes  No 
Does the project completed on time ? Yes  No 

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Appendices
Bilgihan, A., Nusair, K., Okumus, F., & Cobanoglu, C. (2015). Applying flow theory to
booking experiences: An integrated model in an online service context. Information
& Management, 52(6), 668-678.
Boud, D., Cohen, R., & Sampson, J. (Eds.). (2014). Peer learning in higher education:
Learning from and with each other. Routledge.
Eskerod, P., Huemann, M., & Savage, G. (2015). Project stakeholder management—past and
present. Project Management Journal, 46(6), 6-14.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management.
Project Management Institute.
Haas, J. E. (2016). The influence of proportion positive online reviews and the disclosure of
travel companion information on general trust in online reviews, perceived risk,
booking intention, and WOM-intention (Master's thesis, University of Twente).
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach.
Routledge.
Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt
Assn.
Heinemann, A., & Gebicka, A. (2016). Can Computers Form Cartels? About the Need for
European Institutions to Revise the Concertation Doctrine in the Information
Age. Journal of European Competition Law & Practice, 7(7), 431-441.
Hornstein, H. A. (2015). The integration of project management and organizational change
management is now a necessity. International Journal of Project Management, 33(2),
291-298.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.

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Mir, F. A., & Pinnington, A. H. (2014). Exploring the value of project management: linking
project management performance and project success. International journal of project
management, 32(2), 202-217.
Niazi, M., Mahmood, S., Alshayeb, M., Qureshi, A. M., Faisal, K., & Cerpa, N. (2016).
Toward successful project management in global software
development. International Journal of Project Management, 34(8), 1553-1567.
Papke-Shields, K. and Boyer-Wright, K. (2017). Strategic planning characteristics applied to
project management. International Journal of Project Management, 35(2), pp.169-
179.
Tsaturyan, T., & Müller, R. (2015). Integration and governance of multiple project
management offices (PMOs) at large organizations. International Journal of Project
Management, 33(5), 1098-1110.

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Appendix 1: Annotated Bibliography
Article 1: Fernandes, G., Ward, S., & Araújo, M. (2015). Improving and embedding
project management practice in organisations—A qualitative study. International
Journal of Project Management, 33(5), 1052-1067.
The paper mainly focuses on the embedding as well as improvement within the
project management practice within the entire organization. This paper generally helps in
describing the results of a proper qualitative study for developing proper framework in order
to help the various organizations to embed different types of useful project management
related initiative. It is identified that project management associated improvement engages in
the process of identifying the various types of key factors which are generally based on the
circumstances that are generally encountered in various organizations. It is found that the
while the literature that is based on the PM assists in providing proper advice about the
OPMIIs in order to understand the factors whose embedment appears to be very much
limited. A series of thirty semi structured interviews with the various project management
professionals for the identification of additional PMIIs as well as various embedding factors
for checking its salience effectively.
Article 2: Niazi, M., Mahmood, S., Alshayeb, M., Qureshi, A. M., Faisal, K., & Cerpa,
N. (2016). Toward successful project management in global software
development. International Journal of Project Management, 34(8), 1553-1567.
The article focuses on the success of PM within software development. It is identified
that PM in context to the development of global software is considered as one of the difficult
topics due to the problems that are associated with it. The paper has a twofold objective that
helps in identifying the factors from different literature that is mainly associated project
management in context to GSD for validating the number of factors which are associated
with the real-world practice. The results of the research reflect proper positive correlation in