Project Management Principles for Feasibility Test of Software Platform

PROJECT MANAGEMENT PRINCIPLES Business Case
Business Case
PROJECT MANAGEMENT
PRINCIPLES
Student Name:
Student Number:
Team/Group:
Course: [enter name of course enrolled]
Unit Coordinator/
Lecturer: Grant Axman-Friend ([e-mail])
Institution: Queensland University of Technology
Teaching Period: [enter semester and year]
1

PROJECT MANAGEMENT PRINCIPLES
EXECUTIVE SUMMARY
The objectives of this project are to perform a feasibility test on the recently developed
software platform of an organization to analyse the technical and financial success of
launching the tool in the market. In addition to this the prospect and risk analysis are to be
done to understand the exact nature of modifications required to make the project successful.
The organization is developing a software platform to provide real time solution for financial
problems to the users. To perform the task it is necessary to acquire all the information in real
time and analyse them based on the current market trends and conditions. Based on this
analysis the system will provide a solution relevant to the current financial scenario of the
user. Feasibility test of such a platform is necessary to analyse the technical and financial
success of the platform. Technically, the successful implementation of accurate real time
analysis in a software platform requires technical expertise. The technical success of this
platform is the motto of the organization as this will be the best way to ensure financial
success.

PROJECT MANAGEMENT PRINCIPLES
CONTENTS
1 PROJECT NEED.....................................................................................................................6
1.1 PROJECT NEED..............................................................................................................6
1.2 PROJECT OBJECTIVES.................................................................................................6
1.3 CRITICAL SUCCESS FACTORS (CSF’S)....................................................................6
1.4 ORGANISATIONAL CHANGE.....................................................................................6
2 OPTIONS ANALYSIS............................................................................................................8
2.1 OPTIONS CONSIDERED...............................................................................................8
2.2 OPTIONS EVALUATION CRITERIA...........................................................................8
2.3 OPTIONS EVALUATION...............................................................................................8
2.4 RECOMMENDED OPTION............................................................................................8
3 PROJECT DEFINITION.......................................................................................................10
3.1 SCOPE DESCRIPTION.................................................................................................10
3.2 CONSTRAINTS AND DEPENDENCIES.....................................................................10
3.3 SCOPE MANAGEMENT..............................................................................................10
3.4 PROJECT DELIVERABLES.........................................................................................10
3.5 PROJECT KPI’S.............................................................................................................11
4 PROJECT APPROACH........................................................................................................12
4.1 PROJECT MANAGEMENT STRATEGY....................................................................12
4.1.1 PROJECT STRUCTURE........................................................................................12
4.1.2 PROJECT GOVERNANCE FRAMEWORK.........................................................12
4.1.3 PROJECT REPORTING STRUCTURE.................................................................13
4.2 PROCUREMENT STRATEGY.....................................................................................14
4.3 COMMUNICATION AND STAKEHOLDER MANAGEMENT STRATEGY..........14
5 BUDGET, PROGRAM AND RISK.....................................................................................15
5.1 TIMING / PROJECT READINESS...............................................................................15
5.2 BUDGET/COST ANALYSIS AND FUNDING STRATEGY......................................15
5.3 RISK ANALYSIS AND MANAGEMENT STRATEGY.............................................15
5.4 PROJECT QUALITY MANAGEMENT STRATEGY.................................................16
5.5 PROJECT COMPLETION STRATEGY.......................................................................16
5.6 BENEFITS REALISATION PLAN...............................................................................16
6 REFERENCES......................................................................................................................17
APPENDIX A................................................................................................................................19
A.1 PROJECT SCHEDULE..................................................................................................19
A.2 PROJECT COST PLAN.................................................................................................19

PROJECT MANAGEMENT PRINCIPLES Business Case
A.3 PROJECT RISK REGISTER.........................................................................................21
A.4 BENEFITS REALISATION PLAN...............................................................................21
A.5 STAKEHOLDER ASSESSMENT MATRIX................................................................22
4

PROJECT MANAGEMENT PRINCIPLES Business Case
LIST OF TABLES
Table 2-1 | Project options...............................................................................................................7
Table 2-2 | Table 2 footer example – linked to contents.................................................................7
LIST OF FIGURES
No table of figures entries found.
5

PROJECT MANAGEMENT PRINCIPLES Business Case
1 PROJECT NEED
1.1 PROJECT NEED
The primary necessity of this project is to perform a feasibility test of a software platform
developed by an organization before implementing it in practical scenario. The proposed
software platform will be helpful for real time market analysis and providing a perfect solution
for people looking for financial support (Boyle, 2017). This will allow the users to look for a
perfect solution for any kind of financial crisis and future possibilities to enhance their condition.
The reason the platform is still in evaluation is the implementation of real time analysis of
all the financial details. Analysing any condition in real time is the latest trend for software
development platforms. Collecting all the required information in real time and perform a
thorough and accurate analysis is the motto of this software. Accuracy in analysis is what the
organization is aiming for and implies the performance of the company. Real time analysis
should be implemented in such a way that user is able to analyse his current financial scenario
and understand the short comes in a very short and precise way.
1.2 PROJECT OBJECTIVES
The objectives of this project are to perform a feasibility test on the recently developed
software platform of an organization to analyse the technical and financial success of launching
the tool in the market. In addition to this the prospect and risk analysis are to be done to
understand the exact nature of modifications required to make the project successful.
The organization is developing a software platform to provide real time solution for
financial problems to the users (Turner, 2016). To perform the task it is necessary to acquire all
the information in real time and analyse them based on the current market trends and conditions.
Based on this analysis the system will provide a solution relevant to the current financial
scenario of the user. Feasibility test of such a platform is necessary to analyse the technical and
financial success of the platform. Technically, the successful implementation of accurate real
time analysis in a software platform requires technical expertise. The technical success of this
platform is the motto of the organization as this will be the best way to ensure financial success.
1.3 CRITICAL SUCCESS FACTORS (CSF’S)
The success of criterion of this project report is dependent on the analysis of the technical
aspect and the financial and ethical aspects of the software platform. The feasibility test ensures
the success of this new project in terms of technology, economy and legal viewpoints (Boyle,
2017).
The successful analysis of the technical backdrop of the project ensures the success in real
time calculation and accuracy in the overall report. The critical parameters, which ensure success
of the project, are the analysis of the technical, economical and ethical sides of the software tool.
1.4 ORGANISATIONAL CHANGE
Constant development in the technical platforms can be a big reason that the organization
has to face a massive changeover in the project of developing the software platform. This is quite
common for any organizations. However, such changes have huge impact on the overall
production of the platform.
6