New Online Cash Marketplace Platform i-Crop Project Management

Design, development, and deployment of i-crop system will be done in 86 days to achieve enhancement in profits/revenues, and exchange of goods by 35% and 45% respectively. Check out the project management plan, scope, resources, work breakdown structure, schedule, risk register, quality management plan, and annotated bibliography.

Globex & Virtucon
New Online Cash Marketplace Platform i-Crop
Project Management
9/10/2018

New Online Cash Marketplace Platform i-Crop
Table of Contents
Part I......................................................................................................................................................2
Area of Impact...................................................................................................................................2
Values................................................................................................................................................2
MOV Metrics....................................................................................................................................2
Timeframe.........................................................................................................................................2
Summary...........................................................................................................................................2
Part II.....................................................................................................................................................3
Project Scope.....................................................................................................................................3
Scope Management Plan....................................................................................................................3
List of Resources...............................................................................................................................3
Details of Resources..........................................................................................................................4
Part III...................................................................................................................................................5
Project Work Breakdown Structure...................................................................................................5
Project Schedule – Milestones, Resources, Tasks, Budget, and Duration..........................................6
PART IV...............................................................................................................................................7
Assumptions......................................................................................................................................7
Risk Register – Identification, Analysis, Treatment..........................................................................7
Part V....................................................................................................................................................8
Quality Management Plan.................................................................................................................8
Quality Statement..........................................................................................................................8
Verification and Validation Activities...........................................................................................8
Part VI...................................................................................................................................................9
Annotated Bibliography....................................................................................................................9
Closure Checklist...............................................................................................................................9
Project Evaluation Outline.................................................................................................................9
References...........................................................................................................................................10
Appendix.............................................................................................................................................11
Annotated Bibliography...................................................................................................................11
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New Online Cash Marketplace Platform i-Crop
Part I
Area of Impact
Area Rank
Strategy 3
Customer 1
Financial 4
Operational 5
Social 2
Values
Two types of values that will be generated from the project are:
 Better: Buying and selling of warehoused grain, quality of service
 Faster: Operational and processing speed, response time
MOV Metrics
Stakeholders Target Expectations – Value
Project Team (Virtucon) Good Feedback from the
Client
Rating on 9+ one a scale on
10
Globex Corp Increased profits and
revenues
Increase by at least 35%
End-Users Increased buying and selling
of warehoused grain
Increase by at least 45%
Timeframe
86 Days
Summary
Design, development, and deployment of i-crop system will be done in 86 days to achieve
enhancement in profits/revenues, and exchange of goods by 35% and 45% respectively.
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New Online Cash Marketplace Platform i-Crop
Part II
Project Scope
The scope of the project will include the feasibility study, requirements analysis, project
planning, system designing, system development, integration, change management,
implementation, deployment, and closure activities.
The members in the project team will not negotiate on the terms of services and agreement.
This will be entirely done by the senior management of the organization (Fageha & Aibinu,
2013).
Scope Management Plan
The scope of the project will be managed using PMBOK approach for project management.
The Project Board and management committee will carry out reviews at regular intervals to
keep the project scope on track.
The changes in the scope will be confirmed by Globex and additional timeframe and budget
will be provided to make the changes.
List of Resources
Resource Name Type Initials Max.
Units Std. Rate Ovt. Rate
Ansar Ali Siddiqui Work PM 100% $90.00/hr $0.00/hr
Kush Desai Work BA 100% $85.00/hr $0.00/hr
Renu Deshwal Work Dev 100% $80.00/hr $0.00/hr
Abhishek Chauhan Work Des 100% $78.00/hr $0.00/hr
Akash Waghray Work Cod 100% $76.00/hr $0.00/hr
Tools & Equipment Material T $15,650.00
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New Online Cash Marketplace Platform i-Crop
Details of Resources
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New Online Cash Marketplace Platform i-Crop
Part III
Project Work Breakdown Structure
The Work Breakdown Structure for i-Crop project has been shown below. It is a hierarchical
structure that comprises of packages and sub-packages that will be involved in the project.
The diagram below is a 3-level diagram and there is a milestone that has also been included
for each of the five major packages in the project.
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New Online Cash Marketplace Platform i-Crop
Project Schedule – Milestones, Resources, Tasks, Budget, and Duration
The total timeframe estimated for the project is 86 days. The project will be completed in five
phases and the resources engaged with the project will perform the roles of Project Manager,
Business Analyst, Web Developer, Web Designer, and Web Coder. There are costs that will
be needed to complete the project activities. Some of the tools and equipment that will be
required will include the computer systems for carrying out the design, development, and
deployment activities along with development tools, design tools, and testing tools (Zwikael,
2009). A database will also be needed to store the information and integrate it with the
system. The total cost that is estimated is $107,722.
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New Online Cash
Marketplace
Platform - i-Crop
Project Initiation
Feasibility Analysis
- Technical
Features and
Aspects
Feasibility Analysis
- Operational
Features and
Aspects
Feasibility Analysis
- Financial Features
and Aspects
Chartering
Processes
Submission of the
Results
Milestone 1:
Project Charter
Document
Requirements
Analysis & Project
Planning
Information
collection and
analysis
Project
requirements
analysis
Identification of the
scope
Estimations
Management &
Planning of
communications
and risks
Allocation of Roles
& Responsibilities
Milestone 2:
Project Plan
Project Execution
Procurement of
tools and
equipment
Design of the
system
Development of
the system
Database set up
Network
Integration
Unit Testing
Milestone 3:
Source Code
Project Control
Supervisor review
Management and
planning of the
changes
Final Review
Submission of the
Results
Milestone 4:
Supervisor Report
Closure Phase
Ethical analysis
Documentation
activities
Sign offs and
acceptance
Lessons acquired
Submission of the
closure report
Milestone 5:
Closure Report

New Online Cash Marketplace Platform i-Crop
PART IV
Assumptions
 The project business case will be provided to Virtucon by Globex listing out the
highlights of the requirements.
 The Globex representative will be available at the time of communications.
 The project will be done in 86 days.
 The project will be completed within the budget allocated.
Risk Register – Identification, Analysis, Treatment
Risk Name Phase Description Member Assigned Management
Strategy
Security Risks Initiation Attacks on the security of
the information associated
with the project to hamper
the confidentiality of the
data
Renu Deshwal, Ansar
Ali Siddiqui
Risk avoidance
and mitigation
Communication
Risks
Planning Unavailability of the
stakeholders at the time of
requirement gathering and
Ansar Ali Siddiqui Risk avoidance
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New Online Cash Marketplace Platform i-Crop
planning leading to
incorrect estimations
(Peixoto, Tereso,
Fernandes & Almeida,
2014)
Technical Faults Execution Failure of a technical tool
or equipment
Abhishek Chauhan
and Akash Waghray
Risk transfer
Scope Inflation Control Introduction of too many
changes in the scope at the
time of implementation
Ansar Ali Siddiqui Risk mitigation
Quality Risks Closure Inability to maintain the
quality status up to the
mark (Sanchez, Robert,
Bourgault & Pellerin,
2009)
Kush Desai Risk avoidance
and mitigation
Part V
Quality Management Plan
Quality Statement
Management of project quality using PMBoK guidelines to attain maximum user satisfaction
and experience by offering them i-Crop system without any bugs and with the inclusion of
functional and non-functional requirements
Verification and Validation Activities
The verification and validation activities that will be carried out will include the conduction
of testing processes as functional testing, usability testing, performance testing, security
testing, and regression testing (Milunovic & Filipovic, 2013).
Reviews, walkthroughs, and inspections will also be conducted to make sure that there are no
deviations from scope, ethical codes, quality standards, and legal policies.
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New Online Cash Marketplace Platform i-Crop
Part VI
Annotated Bibliography
Closure Checklist
 Schedule Variance: Variance/gaps between the actual and estimated values of project
schedule shall be nil and must be calculated using Earned Value Analysis (EVA)
method (Kamau, 2015).
 Cost Variance: Variance/gaps between the actual and estimated values of project costs
shall be nil and must be calculated using Earned Value Analysis (EVA) method.
 Open Defects: None of the defects must be in the open status.
 Requirements Backlog: The backlog should be empty at the time of the release
(Zohrehvandi, Khalilzadeh, Hajizadeh & Cheraghi, 2017).
 Sing-offs on deliverables: Globex must provide sign offs on the entire project
deliverables before it may be considered as closed (Zidane, Johansen & Ekambaram,
2015).
Project Evaluation Outline
Stakeholders Target Expectations – Value Evaluation
Method
Project Team
(Virtucon)
Good Feedback from
the Client
Rating on 9+ one a
scale on 10
360-degree
feedback
Globex Corp Increased profits and
revenues
Increase by at least
35%
Cost-benefit
analysis, Internal
Rate of Return
End-Users Increased buying and
selling of warehoused
grain
Increase by at least
45%
Sales Reports
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New Online Cash Marketplace Platform i-Crop
References
Fageha, M., & Aibinu, A. (2013). Managing Project Scope Definition to Improve
Stakeholders’ Participation and Enhance Project Outcome. Procedia - Social And
Behavioral Sciences, 74, 154-164. doi: 10.1016/j.sbspro.2013.03.038
Kamau, C. (2015). Efficacy of Monitoring and Evaluation Function in Achieving Project
Success in Kenya: A Conceptual Framework. Science Journal Of Business And
Management, 3(3), 82. doi: 10.11648/j.sjbm.20150303.14
Milunovic, S., & Filipovic, J. (2013). Methodology for quality management of projects in
manufacturing industries. Total Quality Management & Business Excellence, 24(1-2),
91-107. doi: 10.1080/14783363.2012.728851
Peixoto, J., Tereso, A., Fernandes, G., & Almeida, R. (2014). Project Risk Management
Methodology: A Case Study of an Electric Energy Organization. Procedia
Technology, 16, 1096-1105. doi: 10.1016/j.protcy.2014.10.124
Sanchez, H., Robert, B., Bourgault, M., & Pellerin, R. (2009). Risk management applied to
projects, programs, and portfolios. International Journal Of Managing Projects In
Business, 2(1), 14-35. doi: 10.1108/17538370910930491
Zidane, Y., Johansen, A., & Ekambaram, A. (2015). Project Evaluation Holistic Framework
– Application on Megaproject Case. Procedia Computer Science, 64, 409-416. doi:
10.1016/j.procs.2015.08.532
Zohrehvandi, S., Khalilzadeh, M., Hajizadeh, M., & Cheraghi, E. (2017). Planning project
closure phase in combined cycle power plant projects. Procedia Computer Science,
121, 274-281. doi: 10.1016/j.procs.2017.11.038
Zwikael, O. (2009). The Relative Importance of the PMBOK® Guide's Nine Knowledge
Areas during Project Planning. Project Management Journal, 40(4), 94-103. doi:
10.1002/pmj.20116
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New Online Cash Marketplace Platform i-Crop
Appendix
Annotated Bibliography
Kamau, C. (2015). Efficacy of Monitoring and Evaluation Function in Achieving Project
Success in Kenya: A Conceptual Framework. Science Journal Of Business And
Management, 3(3), 82. doi: 10.11648/j.sjbm.20150303.14
There are various critical success factors (CSFs) associated with a project which are used to
evaluate and measure the project success. Monitoring & Evaluation function is one such
factor that is measured to understand the project success and gaps. The author in the research
work has made use of qualitative approach and literature review to understand the
significance of monitoring and evaluation function in project closure and evaluation of
project success. There are four stages that have been defined and described in association
with the function, such as strength of the resources that are involved, monitoring strategy that
is adopted, political influence, and lifecycle of the project that is being monitored and
evaluated. The support from the management committee and resources is one of the essential
and required factors that play an important role in determining the overall project success.
The monitoring and evaluation function that does not have a good management support is
likely to fail. There are only two figures used in the research which is one area that could
have been improved upon.
Zidane, Y., Johansen, A., & Ekambaram, A. (2015). Project Evaluation Holistic Framework
– Application on Megaproject Case. Procedia Computer Science, 64, 409-416. doi:
10.1016/j.procs.2015.08.532
Project closure is a mandatory phase in a project and shall be carried out to make sure that the
project has a positive impact, it is sustainable, and has enhanced effectiveness. The authors
have used these three parameters as the primary points for measuring the closure and
evaluation of the project. The authors have carried out a research on project closure in large-
scale projects that may have higher number of complexities and have selected Algerian
highway project case study that has been selected to describe the scientific procedure that
may be used for closing such projects. The creators have recommended that a staged
approach will be taken after including primer and progress arranging stages alongside the end
of the undertaking on the angles as legitimate, monetary, physical, and legally binding. The
creators have utilized quantitative strategy as the approach for doing the examination work
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New Online Cash Marketplace Platform i-Crop
and have incorporated the required graphical components to improve the outcomes included.
Zohrehvandi, S., Khalilzadeh, M., Hajizadeh, M., & Cheraghi, E. (2017). Planning project
closure phase in combined cycle power plant projects. Procedia Computer Science,
121, 274-281. doi: 10.1016/j.procs.2017.11.038
There are several processes and phases that are involved in a project. One of the essential
phases in the project is the closure phase. In large-scale projects, there are several issues that
come up in terms of budget issues, disputes, claims, and many more. The authors have
carried out a research on project closure in mega-projects and have presented their results in
the research work. Combined Cycle Power Plant (CCPP) is the mega-project case study that
has been selected to describe the scientific procedure that may be used for closing such
projects. The authors have suggested that a phased approach shall be followed comprising of
preliminary and transition planning phases along with the closing of the project on the aspects
as legal, financial, physical, and contractual. The authors have used quantitative methodology
as the approach for carrying out the research work and have included the required graphical
elements to enhance the results included.
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