Effective IT Principles and Techniques

Running head: PROJECT MANAGEMENT PLAN
Project Management Plan
Developing a Customized Finance Application
Name of the Student:
Student ID:
Name of the University:
Author’s note:

1PROJECT MANAGEMENT PLAN
Table of Contents
1.0 Executive Summary...................................................................................................................2
2.0 Introduction................................................................................................................................2
2.1 Project Overview...................................................................................................................2
2.2 Evolution of SPMP................................................................................................................3
3.0 Project Organization..................................................................................................................3
3.1 Organizational Chart..............................................................................................................3
3.2 Project Responsibilities.........................................................................................................4
4.0 Managerial Process....................................................................................................................6
4.1 Management Objectives and Priorities..................................................................................6
4.2 Assumptions, Dependencies, and Priorities...........................................................................6
4.3 Risk Management..................................................................................................................7
4.3.1 Probability Matrix...........................................................................................................7
4.3.2 Risk Response Plan.........................................................................................................7
4.3.3 Risk Register...................................................................................................................7
5.0 Work to be done.........................................................................................................................8
5.1 Scope of the Project...............................................................................................................8

2PROJECT MANAGEMENT PLAN
5.2 Work Breakdown Structure...................................................................................................8
6.0 Work Package and Schedule...................................................................................................10
6.1 Work Packages....................................................................................................................10
6.2 Project Schedule..................................................................................................................11
6.3 Resources of Project............................................................................................................13
7.0 Budget......................................................................................................................................13
7.1 Detailed Budget Information...............................................................................................13
7.2 Budget Information..............................................................................................................14
8.0 Conclusion...............................................................................................................................16
9.0 Bibliography............................................................................................................................16
Appendix A: Gantt chart................................................................................................................18

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1.0 Executive Summary
The following assignment had been made on the topic of ‘Developing a customized finance
application’ and it would consider the use of the effective IT principles and techniques for
forming the completion of the effective communication. The implication of the improved project
management operations had helped the project managers for forming the effective system
development. The project had been formed for listing the deployment of the activities favoring
the utilization of the improved operation development. The completion of the project had
delivered an application supporting the effective financial operations. The assignment had
studied the implication of the project management plan development, implication of project
responsibilities for stakeholders, risk management plan, The analysis of the operations had
allowed the synthetic development of the cost management and schedule development of the
operations.
2.0 Introduction
The role of project management plan holds an integral role in the deployment of the effective
implementation of the activities favouring the alignment of the improved project development.
The analysis would also help in listing the analysis of the improved operation development. The
analysis had covered the impact of the using the implementation of the successful
implementation of the operations for favouring the alignment of effective implication of the
operations favouring finance application development. The deployment of the operations would
also form the successive analysis of the activities.
2.1 Project Overview

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The project is titled ‘Developing a customized finance application’ and it is developed for
forming the effective utilization of the operations so that the customized finance application can
be developed. It would allow the implication of the successive development operations for
forming the utilization of the improved operations. The customized finance application
development would help in forming the speculation of the activities for forming the utilization of
the activities. The application would ease the processes of forming the utilization of the activities
supporting the alignment of the operations. The deployment of the activities had helped in listing
the alignment of the activities so that effective implication of the operations can be formed. The
completion of the project would be based on the use of effective IT project management.
2.2 Evolution of SPMP
The software project management plan (SPMP) has seen considerable growth with the advent of
technological development. The implication of the technology innovation had helped in forming
improved services for the completion of the project plan. The IT projects have considered the
implication of the project management principles that are being implied for forming the
utilization of the existing operations. The development of the activities has also resulted for
forming the implication of the effective plan of operations.
3.0 Project Organization
3.1 Organizational Chart
The project of ‘Developing a customized finance application’ is an IT project developed for
easing the implication of the effective operation development. The development of the final
project deliverable would be dependent on the implication of the effective plan and operations.

5PROJECT MANAGEMENT PLAN
The organizational chart comprises of engineering management department, procurement
management, project controls, and administration department. The organizational chart
comprises of engineer managers, logistic board, contractors, planning department, estimation
department, legal department, HR department, accounting and tax department, and cost reporting
department. The project has the following organizational structure,
Figure 1: Organizational Structure of Project
3.2 Project Responsibilities
The project of ‘Developing a customized finance application’ has the responsibility of
developing the final customized finance application developed for the organization as the final
deliverable for the project. The stakeholders of the project has the following responsibilities,

6PROJECT MANAGEMENT PLAN
Human Resources Responsibilities
Analyst Analysis of requirements
Documenter Developing proper initiation documents
Documents are submitted
Reports are made
Project Manager Resource Accumulation
Outline of the plan is reviewed
Documents are signed off
Project progress is checked
Planner Plan outline is developed
Plan modification
Plan is Completed
Formation of implementation plan
Designer Platform for design is selected
Design Structure is made
Design is completed
Tester Simulation Testing
Beta Testing
White Box Testing
Database Developer Integrated Database is developed
IT Engineer Development of UI
Integrated Application is developed
Application function is listed
Planning of maintenance
Inspecting the application development

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Programmer Programming the functions
Trainer Staff training is done
4.0 Managerial Process
4.1 Management Objectives and Priorities
The management objective of implementing the project of ‘Developing a customized finance
application’ is implied for the development of the effective implementation of the operations and
development of the smart functions. The project is implied for the alignment of the IT
management operations for forming the development of the improved operational development.
The alignment of the project plan would result in forming the major factors of forming the
application with the implementation of IT project principles. The management objectives and
highest priority of the project is the development of effective plan of operations supporting the
implication of the activities favoring the management of financial operations. The alignment of
the project management with the objectives of the project would result in supporting the
implication of the successful project operations.
4.2 Assumptions, Dependencies, and Priorities
The completion of the project of ‘Developing a customized finance application’ in the estimated
time and duration, availability of the resources, and teamwork are the assumptions of the project.
The project depends on the estimated budget, deadline for the project deliverable, and
technological knowledge of the human resources. The development of the final customized

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finance application is a major factor for developing the final project deliverable is the primary
priority for the project.
4.3 Risk Management
4.3.1 Probability Matrix
Impact
Trivial Minor Moderate Major Extreme
Probability
Rare
Unlikely
Moderate Shortage of
resources
Likely Deisgn
Flaws
Very
Likely
Violation of
Schedule
4.3.2 Risk Response Plan
Risk Name Response Strategy Risk Response Plan
Design Flaws Transfer External expert should be contacted
Shortage of resources Accept Provisional budget should be made
Violation of schedule Mitigate Project Crashing should be done
4.3.3 Risk Register

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Risk Name Risk Type Probability Impact Mitigation
Design Flaws Technical Likely Extreme External expert should be
contacted
Shortage of
resources
Financial Moderate Major Provisional budget should be
made
Violation of
schedule
Operational Very Likely Minor Project Crashing should be done
5.0 Work to be done
5.1 Scope of the Project
The project scopes for the utilization of the project management concepts for developing the
customized finance application for the organization. A number of works fall under the scope of
the project namely, platform for design is selected, design is completed, integrated database is
developed, development of UI, Programming the functions, beta testing, white box testing,
integrated application is developed, system development completed, formation of
implementation plan, application function is listed, planning of maintenance, staff training is
done, reports are made, and closure of the project.
5.2 Work Breakdown Structure
The work break down structure for the project of ‘Developing a customized finance application’
is shown below,

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Developing a customised
finance application
Initial Phase
Analysis of
requirements
Developing proper
initiation documents
Resource
Accumulation
Documents are
submitted
Project Kick off
Plan Phase
Plan outline is
developed
Outline of the plan is
reviewed
Plan modification
Plan is Completed
Approval of plan
Design Phase
Platform for design
is selected
Design Structure is
made
Simulation Testing
Design is completed
Approval of design
System Development
Integrated Database is
developed
Development of UI
Programming the
functions
Beta Testing
White Box Testing
Integrated
Application is
developed
System
Development
Completed
System Implementation
Formation of
implementation plan
Application function
is listed
Planning of
maintenance
Staff training is done
System
Implementation
Completed
Closing Phase
Project progress is
checked
Reports are made
Documents are
signed off
Inspecting the
application
development
Closure of the
project
Figure 2: Work breakdown structure

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6.0 Work Package and Schedule
6.1 Work Packages
The project of ‘Developing a customized finance application’ involves the use of 6 work
packages effectively for implementing the final project deliverable namely initial phase, plan
phase, design phase, system development, system implementation, and closing phase. These
phases act as an individual work packages that are required for the completion before
achievement of the final deliverable.
Initial Phase: The initial phase would be formed for initiating the project activities and it
includes analysis of requirements, developing proper initiation documents, resource
accumulation, documents are submitted, and project kick off.
Plan Phase: The plan phase would be formed for developing a project plan with the project
activities and it includes plan outline is developed, outline of the plan is reviewed, plan
modification, plan is completed, and approval of plan.
Design Phase: The design phase would be formed for forming the design of the customized
financial application and it includes platform for design is selected, design structure is made,
simulation testing, design is completed, and approval of design.
System Development: The system development would be formed for developing the customized
finance application and it includes integrated database is developed, development of UI,
programming the functions, beta testing, white box testing, integrated application is developed,
and system development completed.

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System Implementation: The system implementation would be formed for implementing the
customized finance application and it includes formation of implementation plan, application
function is listed, planning of maintenance, staff training is done, and system implementation
completed.
Closing Phase: The closing phase would be formed for finalizing the project closure with the
achievement of the final deliverable and it includes project progress is checked, reports are made,
documents are signed off, inspecting the application development, and closure of the project
6.2 Project Schedule
The schedule for the project of project of ‘Developing a customized finance application’ is given
below,
WBS Task Name Duration Start Finish Predecessors
0 Developing a customized finance
application
100
days Mon 6/4/18 Fri 10/19/18
1 Initial Phase 11 days Mon 6/4/18 Mon 6/18/18
1.1 Analysis of requirements 3 days Mon 6/4/18 Wed 6/6/18
1.2 Developing proper initiation documents 2 days Thu 6/7/18 Fri 6/8/18 2
1.3 Resource Accumulation 5 days Mon 6/11/18 Fri 6/15/18 3
1.4 Documents are submitted 1 day Mon 6/18/18 Mon 6/18/18 4
1.5 Project Kick off 0 days Mon 6/18/18 Mon 6/18/18 5
2 Plan Phase 12 days Tue 6/19/18 Wed 7/4/18
2.1 Plan outline is developed 3 days Tue 6/19/18 Thu 6/21/18 6
2.2 Outline of the plan is reviewed 2 days Fri 6/22/18 Mon 6/25/18 8
2.3 Plan modification 2 days Tue 6/26/18 Wed 6/27/18 9

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2.4 Plan is Completed 5 days Thu 6/28/18 Wed 7/4/18 10
2.5 Approval of plan 0 days Wed 7/4/18 Wed 7/4/18 11
3 Design Phase 11 days Thu 7/5/18 Thu 7/19/18
3.1 Platform for design is selected 1 day Thu 7/5/18 Thu 7/5/18 12
3.2 Design Structure is made 3 days Fri 7/6/18 Tue 7/10/18 14
3.3 Simulation Testing 2 days Wed 7/11/18 Thu 7/12/18 15
3.4 Design is completed 5 days Fri 7/13/18 Thu 7/19/18 16
3.5 Approval of design 0 days Thu 7/19/18 Thu 7/19/18 17
4 System Development 40 days Fri 7/20/18 Thu 9/13/18
4.1 Integrated Database is developed 7 days Fri 7/20/18 Mon 7/30/18 18
4.2 Development of UI 6 days Tue 7/31/18 Tue 8/7/18 20
4.3 Programming the functions 8 days Wed 8/8/18 Fri 8/17/18 21
4.4 Beta Testing 5 days Mon 8/20/18 Fri 8/24/18 22
4.5 White Box Testing 4 days Mon 8/27/18 Thu 8/30/18 23
4.6 Integrated Application is developed 10 days Fri 8/31/18 Thu 9/13/18 24
4.7 System Development Completed 0 days Thu 9/13/18 Thu 9/13/18 25
5 System Implementation 17 days Fri 9/14/18 Mon 10/8/18
5.1 Formation of implementation plan 3 days Fri 9/14/18 Tue 9/18/18 26
5.2 Application function is listed 2 days Wed 9/19/18 Thu 9/20/18 28
5.3 Planning of maintenance 2 days Fri 9/21/18 Mon 9/24/18 29
5.4 Staff training is done 10 days Tue 9/25/18 Mon 10/8/18 30
5.5 System Implementation Completed 0 days Mon 10/8/18 Mon 10/8/18 31
6 Closing Phase 9 days Tue 10/9/18 Fri 10/19/18
6.1 Project progress is checked 3 days Tue 10/9/18 Thu
10/11/18 32

14PROJECT MANAGEMENT PLAN
6.2 Reports are made 2 days Fri 10/12/18 Mon
10/15/18 34
6.3 Documents are signed off 1 day Tue
10/16/18
Tue
10/16/18 35
6.4 Inspecting the application development 3 days Wed
10/17/18 Fri 10/19/18 36
6.5 Closure of the project 0 days Fri 10/19/18 Fri 10/19/18 37
6.3 Resources of Project
The resources for the project of ‘Developing a customized finance application’ are analyst,
documenter, project manager, planner, designer, tester, database developer, IT engineer,
programmer, and trainer as human resources and documents, design tools, simulation tools,
database, UI program, programming tools, testing tools, application development, and training
manuals as material resources.
7.0 Budget
7.1 Detailed Budget Information
The detailed budget information for the project of ‘Developing a customized finance application’
is shown in the table below,
Resource Name Duration/units Standard Rate Total
Analyst 24 $30.00 $720.00
Documenter 40 $35.00 $1,400.00
Project Manager 88 $75.00 $6,600.00
Planner 104 $40.00 $4,160.00

15PROJECT MANAGEMENT PLAN
Designer 72 $55.00 $3,960.00
Tester 88 $50.00 $4,400.00
Database Developer 56 $60.00 $3,360.00
IT Engineer 184 $70.00 $12,880.00
Programmer 64 $65.00 $4,160.00
Trainer 80 $45.00 $3,600.00
Documents 2 $100.00 $200.00
Design Tools 2 $400.00 $800.00
Simulation Tools 1 $300.00 $300.00
Database 1 $700.00 $700.00
UI program 1 $500.00 $500.00
Programming Tools 1 $550.00 $550.00
Testing tools 2 $230.00 $460.00
Application Development 1 $600.00 $600.00
Training Manuals 1 $650.00 $650.00
Total Budget $50,000.00
7.2 Budget Information
The monetary budget for the project is $50,000 and it would be helpful for development of the
effective operation development. The human resources would exhaust the $54,000.00 and the
material resources would exhaust $5,600.00 sum of money. The following diagram would show
the resource usage of the project

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Figure 3: Cost Bdugdet for the project

17PROJECT MANAGEMENT PLAN
8.0 Conclusion
The following assignment had been made on the topic of ‘Developing a customized finance
application’ and the completion of the project had delivered an application supporting the
effective financial operations. The assignment had studied the implication of the project
management plan development, implication of project responsibilities for stakeholders, risk
management plan, The analysis of the operations would allow the synthetic development of the
cost management and schedule development of the operations.
9.0 Bibliography
Binder, J. 2016. Global project management: communication, collaboration and management
across borders. Routledge.
Boud, D., Cohen, R., ANS Sampson, J. Eds.). (2014. Peer learning in higher education:
Learning from and with each other. Routledge.
Fleming, Q. W., ANS Koppelman, J. M. 2016, December. Earned value project management.
Project Management Institute.
Harrison, F., ANS Lock, D. 2017. Advanced project management: a structured approach.
Routledge.
Heagney, J. 2016. Fundamentals of project management. AMACOM Div American Mgmt Assn.
Heldman, K. 2018. PMP: project management professional exam study guide. John Wiley ANS
Sons.

18PROJECT MANAGEMENT PLAN
Kerzner, H. 2018. Project management best practices: Achieving global excellence. John Wiley
ANS Sons.
Kerzner, H., ANS Kerzner, H. R. 2017. Project management: a systems approach to planning,
scheduling, and controlling. John Wiley ANS Sons.
Leach, L. P. 2014. Critical chain project management. Artech House.
Martinelli, R. J., ANS Milosevic, D. Z. 2016. Project management toolbox: tools and techniques
for the practicing project manager. John Wiley ANS Sons.
Mir, F. A., ANS 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.
Nicholas, J. M., ANS Steyn, H. 2017. Project management for engineering, business and
technology. Taylor ANS Francis.
Nicholas, J. M., ANS Steyn, H. 2017. Project management for engineering, business and
technology. Taylor ANS Francis.
Schwalbe, K. 2015. Information technology project management. Cengage Learning.
Snyder, C. S. 2014. A guide to the project management body of knowledge: PMBOK (®) guide.
Project Management Institute: Newtown Square, PA, USA.
Turner, R. 2016. Gower handbook of project management. Routledge.

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Appendix A: Gantt chart
ID Task
Mode
WBS Task Name Duration Start Finish Predecessors
0 0 Developing a customised
finance application
100 days Mon 6/4/18 Fri
10/19/18
1 1 Initial Phase 11 days Mon 6/4/18 Mon 6/18/18
2 1.1 Analysis of requirements 3 days Mon 6/4/18 Wed 6/6/18
3 1.2 Developing proper initiation
documents
2 days Thu 6/7/18 Fri 6/8/18 2
4 1.3 Resource Accumulation 5 days Mon 6/11/18 Fri 6/15/18 3
5 1.4 Documents are submitted 1 day Mon 6/18/18 Mon 6/18/184
6 1.5 Project Kick off 0 days Mon 6/18/18 Mon 6/18/185
7 2 Plan Phase 12 days Tue 6/19/18 Wed 7/4/18
8 2.1 Plan outline is developed 3 days Tue 6/19/18 Thu 6/21/18 6
9 2.2 Outline of the plan is reviewed2 days Fri 6/22/18 Mon 6/25/188
10 2.3 Plan modification 2 days Tue 6/26/18 Wed 6/27/189
11 2.4 Plan is Completed 5 days Thu 6/28/18 Wed 7/4/18 10
12 2.5 Approval of plan 0 days Wed 7/4/18 Wed 7/4/18 11
13 3 Design Phase 11 days Thu 7/5/18 Thu 7/19/18
14 3.1 Platform for design is selected1 day Thu 7/5/18 Thu 7/5/18 12
15 3.2 Design Structure is made 3 days Fri 7/6/18 Tue 7/10/18 14
16 3.3 Simulation Testing 2 days Wed 7/11/18 Thu 7/12/18 15
17 3.4 Design is completed 5 days Fri 7/13/18 Thu 7/19/18 16
18 3.5 Approval of design 0 days Thu 7/19/18 Thu 7/19/18 17
19 4 System Development 40 days Fri 7/20/18 Thu 9/13/18
20 4.1 Integrated Database is developed7 days Fri 7/20/18 Mon 7/30/1818
21 4.2 Development of UI 6 days Tue 7/31/18 Tue 8/7/18 20
22 4.3 Programming the functions 8 days Wed 8/8/18 Fri 8/17/18 21
23 4.4 Beta Testing 5 days Mon 8/20/18 Fri 8/24/18 22
24 4.5 White Box Testing 4 days Mon 8/27/18 Thu 8/30/18 23
25 4.6 Integrated Application is developed10 days Fri 8/31/18 Thu 9/13/18 24
26 4.7 System Development Completed0 days Thu 9/13/18 Thu 9/13/18 25
27 5 System Implementation 17 days Fri 9/14/18 Mon 10/8/18
28 5.1 Formation of implementation plan3 days Fri 9/14/18 Tue 9/18/18 26
29 5.2 Application function is listed 2 days Wed 9/19/18 Thu 9/20/18 28
30 5.3 Planning of maintenance 2 days Fri 9/21/18 Mon 9/24/1829
31 5.4 Staff training is done 10 days Tue 9/25/18 Mon 10/8/1830
32 5.5 System Implementation Completed0 days Mon 10/8/18 Mon 10/8/1831
33 6 Closing Phase 9 days Tue 10/9/18 Fri 10/19/18
34 6.1 Project progress is checked 3 days Tue 10/9/18 Thu 10/11/1832
35 6.2 Reports are made 2 days Fri 10/12/18 Mon 10/15/1834
36 6.3 Documents are signed off 1 day Tue 10/16/18 Tue 10/16/1835
37 6.4 Inspecting the application
development
3 days Wed
10/17/18
Fri 10/19/18 36
38 6.5 Closure of the project 0 days Fri 10/19/18 Fri 10/19/18 37
Analyst
Documenter,Documents[1]
Project Manager
Documenter
6/18
Planner
Project Manager
Planner
Planner
7/4
Designer
Designer,Design Tools[1]
Tester,Simulation Tools[1]
Designer,Design Tools[1]
7/19
Database Developer,Database[1]
IT Engineer,UI program[1]
Programmer,Programming Tools[1]
Tester,Testing tools[1]
Tester,Testing tools[1]
IT Engineer,Application Development[1]
9/13
Planner
IT Engineer
IT Engineer
Trainer,Training Manuals[1]
10/8
Project Manager
Documenter,Documents[1]
Project Manager
IT Engineer
10/19
T M F T S W S T M F T S W S T M F T S
May 6, '18 Jun 3, '18 Jul 1, '18 Jul 29, '18 Aug 26, '18 Sep 23, '18 Oct 21, '18 Nov 18, '18 Dec 16, '18
Figure 4: Project Gantt chart