iCORP - Globex project

[Student name]

Contents
Project Overview....................................................................................................................................2
Project Description................................................................................................................................2
MOV or Measurable Organizational Value........................................................................................2
Area of Impact...................................................................................................................................2
Expected Value for the Project..........................................................................................................4
Approximate Metric..........................................................................................................................4
Duration for achieving the expected MOV........................................................................................4
Measurable Organizational Value (Brief)..........................................................................................5
Project Scope..........................................................................................................................................5
Scope Management Plan....................................................................................................................6
Scope of the project...........................................................................................................................6
List of Resources...............................................................................................................................7
Technologies needed for development..............................................................................................7
Facilities............................................................................................................................................7
Travel and Training needs.................................................................................................................7
High Level WBS or Workbreak Down Structure...............................................................................7
Assumptions made with respect to the budget of the project...........................................................10
Project Risk Analysis as well as Risk Plan........................................................................................11
Assumptions....................................................................................................................................11
Risk Identification Framework........................................................................................................11
Risk Analysis...................................................................................................................................12
Quality Management Plan..................................................................................................................12
Furthermore, quality verification would be done with the help of following...................................12
The system needs to be validated to ensure reliability, efficiency, performance and accuracy........13
Annotated Bibliography......................................................................................................................13
References.............................................................................................................................................14
1

Project Overview
The given project is an arrangement between Globex Corporation and Virtucon Corporation.
Globex corporation needs to develop an online farm based auction system to converge buyers
and sellers together on platform and for the same, they have contacted Virtucon as they’ve
been their trusted developer for over several years. The newer system will be replacing the
traditional system which is at place so the various manual processes contained therein can be
handled automatically from the i-Crop platform itself. Ultimately, their collective belief is
that the project would help streamline, automate and improve the entire process resulting in
increased revenue and profits.
Project Description
Globex Corporation is into primary sector of business and makes use of manual methods for
their operations. These operations include their customers booking, auction and bidding;
managing the payment as well as buying grains etc. In order to improve their overall
efficiency, Globex decided to approach Virtucon to develop a system that would automate a
lot of these inefficient manual process. As a result, the bookings, the overall management of
the current system and the bidding and booking processes could all be automated and
streamlined. The system is also supposed to add an online payment interface which would
accept payment from multiple sources and can also work on mobile based devices. Apart
from that, the system needs to be able to generate and output reports in pre-defined formats
for the Globex corporation.
MOV or Measurable Organizational Value
Area of Impact
The core aim of the project i-Crop system is to make use of the bidding and auctioning
system accurately as well as more reliably. As the project starts performing well and
integrates well into the overall operation of business, the business processes would end up
being more optimized and faster which would help in reducing overheads while increasing
profits. The table given below denotes the MOV and discusses major areas which will have
the most effect after the system has been deployed:
Impact of the
System
Value derived from
the system
Matrices Duration
Operational impacts  Overall  Service  6 Months
2

system
effectiveness
will be
increased
 Reduction in
customer
complaints
and also
enquiries
 Improvement
in scheduling
 Increase in
grain
purchases
request would
be able to be
handled in
less than 24
hours
 Customers
call would be
reduced by
over half.
 Reduction in
the overall
scheduling of
orders from 5
hours to 2
hours
 The system is
24x7 active
 2 Months
 2 Months
 6 Months
Impact on Financial
aspects
 Overheads
such as
Phone bills
and Labour
expenses
shall be
reduced.
 Increase in
revenue
owing to
transactions
carried out
online
 Reduction in
administrative
costs.
 Reduction in
manpower by
over 30%
 6 Months
 12 Months
Impact on the
Customers of the
organization
 Improved
response
time.
 Increase in
 Decrease of
the waiting
time by a
total of 2
 12 Months
3