i-Crop: Online Cash Marketplace for Crop Growers and Buyers

ID
Name- Manpreet Singh
ITC505 Assessment-3

Contents
Part one: MOV.................................................................................................................................2
Impact area...................................................................................................................................2
Value:...........................................................................................................................................2
Metric:..........................................................................................................................................3
Stakeholder expectation:..............................................................................................................3
Quantitative targets:.....................................................................................................................4
Timeframe for MOV:..................................................................................................................4
Summary of MOV:......................................................................................................................5
Part two: Scope................................................................................................................................6
Scope:..........................................................................................................................................6
In Scope and Out Scope:..............................................................................................................7
Criteria of acceptance:.................................................................................................................8
List of resources:..........................................................................................................................9
Part three: Work Breakdown Structure..........................................................................................12
Part four: Project Risk Analysis and Plan......................................................................................17
Assumptions made about project:..............................................................................................17
Risk related to project:...............................................................................................................17
Risk analysis:.............................................................................................................................18
Assigning risk to appropriate member:......................................................................................21
Part five: quality management plan...............................................................................................22
Team philosophy management..................................................................................................22
Set of verification activities.......................................................................................................23
Set of the validation activities:..................................................................................................24
Part six: closure and evaluation step..............................................................................................26
Annotated bibliography.............................................................................................................26

Closure checklist........................................................................................................................27
Project evaluation......................................................................................................................27
Evaluation of the project success- The MOV............................................................................28
References:....................................................................................................................................29

Part one: MOV
Impact area
Area of the impact of the project arranged according to the ranking:
Customer Social Financial Operational Strategy
Through the i-
Crop platform,
the farmers and
crop buyers are
easily able to
connect to each
other and the
selling and
purchasing of
crops are easy.
The social
impact will
increase as this
will decrease
the farmer’s
problem and
will create a
positive
response from
the farmer side.
Using this
online cash
marketplace
platform, the
customer will
be able to get
the right price
of the crop and
the right price
of the seasonal
crops.
As this system
has both
platforms, i.e.
the web
platform and the
mobile
application, the
i-Crop platform
will be more
accessible and
will increase the
customer
response.
As Globex and
Virtucon are old
working
partners, the
market field
will be buyers
and sellers of
the crop.
Value:
 New
I-Crop platform is the one of its kind. It is not a replacement system but one of the new
things. This is the platform built specially for the growers and buyers of the crops
whether grain or seasonal crops.
 one stop place
This platform is the one-stop platform for all the buyers and sellers of the different crops.
The seller does not have to roam from place to place to sell the crops. This platform will
provide the easy way to handle the selling and buying of different crops.
Metric:
Targets:

To make the online cash marketplace i-Crop, the following fields were targeted:
 Crops should have the bid option.
 The alert part should display the bid acceptance/rejection.
 Crops category should be there.
 The product history should show the price of the crop in the last 10 days.
Stakeholder expectation:
Stakeholders Expectation
Project director Coordination from the Virtucon and Globex
Web developer Resource needs to be fulfilled whenever
needed
Application developer Proper resources supplied when needed
Business analysis in charge Proper communication from both Virtucon and
Globex
Finance manager Proper coordination of capital from Globex
Documentation in charge Approval time to be minimum
Testing head Proper and secured resources and environment
Maintenance head Proper resources supplied when needed
Web designer Resource needs to be fulfilled whenever
needed
Development experts Technical and other team member coordination
financer Proper budgeting and spending details from the
project director
Globex foundation i-Crop to have all the needs and required
options
Virtucon To have the coordination from Globex

Farmers To have a single platform for all-purpose and
get the fair selling price
Grain/crop warehouse owners To have the bid options and alert system
Quantitative targets:
 Expected customers in next 6 months are up to 1000 farmers
 Expected buyers and warehouse owners will be up to 2000
 The platform is expected to generate a sum of 10% of investment profit
 The investment can be gained back in 2 years of time period.
The timeframe for MOV:

Summary of MOV:
The online cash marketplace system: i-Crop is going to be profit yielding for both Virtucon and
Globex. Through this, the customer will be able to purchase and sell the crops easily. The portal
can be accessed through anywhere by either mobile or website. The buyers can place their
bargain offer by putting the bid on the crops and they will be informed if the bid is selected or
rejected. The Globex will be able to take up the market of selling/buying crops in less time.
Through this system, the buyers and sellers will be able to interact at a single platform.

Part two: Scope
Scope:
Globex is a very old client of the Virtucon and they have decided to bring a new project alive.
The Globex has now assigned a contract to Virtucon to develop and manage a project work of an
online cash marketplace- i-Crop. The work assigned by Globex include two development tasks,
first the development of the website for i-Crop and second the development of a mobile-based
application for both iPhone and Android.
i-Crop will be one of a kind system with no current rivalries or competition. This system wills
the added service available for the clients of Globex that deal with the purchase and selling of
crops on regular basis. This will be a single platform for both the sellers and the buyers.
The following will be the features and functionalities of the i-Crop platform:
1. The facility for managing the sale and buy of warehouse grain.
2. transaction facility like:
 Offers: the crop grower will be able to decide the price at which he wants to sell
the crop. This will the offer and will be displayed to all the market.
 Bids: buyers can give the list of cash price they want to purchase the crop in.
 Preferred Buyers: the sellers of the crop i.e. the crop growers will be able to
obtain a list of buyers for a particular crop.
3. Transaction flexibility: the transaction facility allows the transfer of cash between the
seller and buyers and the facility of transfer of the ownership of the crop at the time of
fund transfer.
4. Seasonal sales: the i-Crop will not only allow the crop growers to sell grains but will
enable them to sell the seasonal crops.
5. Information sources:
 Market information: the information on offers, bids, and cash prizes will be
displayed on the portal.