Globex Corporation Management Plan

This project management plan details the development of an online cash marketplace platform for Globex Corporation, a company specializing in agricultural equipment and services. The plan covers measurable organizational value, scope management, project scheduling, risk analysis, quality management, and project closure and evaluation. It provides a detailed roadmap for the successful implementation of the platform, addressing key challenges and opportunities.

MANAGEMENT PLAN

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
Measurable Organisational Value...............................................................................................1
PART 2............................................................................................................................................4
Scope and its management plan..................................................................................................4
PART 3............................................................................................................................................6
Project scheduling.......................................................................................................................6
PART 4 .........................................................................................................................................12
Analysis of risk and plan .........................................................................................................12
TASK 5 .........................................................................................................................................15
Quality management plan ........................................................................................................15
TASK 6 .........................................................................................................................................16
Closure and Evaluation.............................................................................................................16
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................19

INTRODUCTION
Globex corporation was established in year 2013 when two large firms Riverina precision
farming and BT & sons farming equipment merged together. Globex corporation has been
headquartered at riverina region of New south Wales and also been located at three other regions
that is Albury, Griffith and Wagga. The company has also established their new office at orange
in order to provide efficient services in the central West and meet the demands of various Stud
farms in the area. Globex corporation is coming up with new online cash marketplace platform-
with assistance of I- crop ( Hwang, Zhao & Toh, 2014).
Present reports highlights measurable organisational value and identifies the desire area
of impact on customer after developing of website. Assignment discusses about range and
represents a scope management plan. It discusses about the time frame for achieving MOV.
PART 1
Measurable Organisational Value
Measurable organisational value (MOV) can be termed as overall objective of project and
plan through which companies success is measured. MOV is mainly used to provide the real
value to organisation. In order to provide value to consumer, project must be related to firm’s
vision, mission and strategy. The plan implemented must be measurable, specific and reliable.
Area of impact
(Ranking in term of
importance)
Description
Rank 1- Finance Globex corporation will be involved in creating new online website
for I-Crop which would help the company in raising profits. This
will also assist firm in exploring the new opportunities domestically
and internationally anytime, anywhere. It will attract new as well as
existing consumers to visit the website. This strategy will motivate
customers to pay more for finding agriculture solutions
immediately. This can lay a positive impact and will support in
raising cash inflow in business.
Rank 2- Operational Customers will pay more in order to find the best solutions to the
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agricultural issues they are facing. This will positively enhance the
productivity, profitability and efficiency of company.
Rank 3-Customers The website which will be developed by organisation for I-crop will
support them in identifying and detecting the needs and demands of
consumers. This will support in developing relationship between
provider and user that would result in maintaining easy transaction
among buyers and sellers.
Rank-4 Social By doing their business online Globex corporation will get an
opportunity to deal with lot of consumers which would help in
developing their social status (Hwang, Zhao & Toh, 2014). The
project will support the organisation in meeting its social
responsibilities to great extent. Also, it will help in building the
good will of company.
Achievement of Target metric
Globex corporation will able to attend this objective within the time span of one year. Online
developing of website and IT projects plans will help company in attracting a lot of new
consumers which would help firm in expanding their business. Organisation will be regularly
involved in keen market research about consumers taste and preferences and will be focused on
designing goods in accordance to buyers requirements.
To achieve measurement of value globex corporation will need a time frame of 1 year,
within the period of one year the company would be able to meet the requirement of customers.
By analysing MOV, it can be interpreted that creating website by globex corporation would help
in increasing the profit of organisation and also support in gaining competitive advantage
(Hwang, Zhao & Toh, 2014).
Summarisation of MOV
The main objective of globex corporation is to enhance the cash system and provide
immediate solutions to the problems faced by customers. The organisation is required to set
quantitative targets for completing the project efficiently and effectively. These goals will
support organisation in measuring overall success in their business.
Metrics and timelines are discussed below-
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 The website developed for I-crop will support in generating 10% more profit in
comparison to previous year before the installation of this application. It will support
organisation in developing 40% more revenue in the middle of year by launching the
website and communicating its overall advantages to all the consumers. Investors of
Globex corporation is involved in getting high return over their investments by expanding
their business online. Consumers have an expectation of getting high quality goods, the
project for creating business online will help company in saving time which would result
in consumer getting quality goods or services. It will help firm in increasing the number
of customers in business by 25% till the end of year
 The developing of new cash system will help company in decreasing the traffic in the
middle of year on entry gate and secure payment system will help in gaining customer
loyalty and trust.
Project value
Basis Description
Faster Creating website for I-crop by globex corporation will support
the customers in easily solving their agricultural issues. IT can
assist them in easy payment without standing in a queue for
long duration. It will help in saving time for both organisation
and consumers. Also, this will help in reducing manual errors
as all the task would be performed online by responsible
technical member of the company (Hwang, Zhao & Toh,
2014). Organisation can be able to deal with mass audience in
less time. Faster services can be imparted to customers by
doing business online. It will help company in gaining
competitive advantage and support in increasing customer
satisfaction.
Do more Globex corporation will get positive response because of the
online cash system. This would also develop a healthy
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relationship between consumers and company which will
support organisation in gaining customer loyalty. Customers
will be satisfied by improvised facilities like immediate
payment to organization with the help of website. Also, clients
of globex corporation requires ongoing growth of firm which
will be supported by immediate services and solution to their
problem.
Better The online website will help company in better addressing the
problems of consumers which will assist in enhancing the
payment methods. This system will help purchasers in getting
desired goods in less amount of time. Further, clients of
company will have the ability to set an offer that can be
immediately placed by them in market by doing the
transactions online. It would help clients in easily selling
warehoused grains to their preferred purchasers.
Cheaper Online transactions will help in saving time and money of both
consumers and company. It would deduct time to gather
payment from each buyer which would result in decreasing
cost of running a business. This method can also support
company in developing high quality products in saved time.
Thus, the advancement in system and process management
will aid the firm in maintaining cost effectiveness in business
operations.
PART 2
Scope and its management plan
Definition of Scope
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Project scope can be termed as an internal part of project planning that identifies and
document objectives, vision, mission, features, deadlines and cost. Project manager is provided
with responsibility to manage all these tasks.
The website developed for I-crop by globex corporation will provide support in doing
easy and fast transaction online and would also support in offering ownership to consumers
while doing payment. Consumers would be able to save a lot of time by making a purchase
online.
Scope management plan-
There are many tasks which would be done in website of globex corporation which are
discussed below-
 Gathering of information: PM of the website project developed by globex corporation
needs to establish the requirements to meet the target (Crawford (2014).
 Define scope- It is very important for company to define scope and identify deliverables,
assumptions and risked associated with the project.
 Creation of work break down structure- Manager is required to break all the tasks and
activities into sub-parts and segregate it on the basis of the requirements. This would
support in completing the entire project on time.
 Verify scope- This is one of the most important process in scope management plan. In
this phase team gets approval for the entire project whether it needs to be continued or
not.
 Control scope- Project manager has to keep a control over all the task been performed in
project and should have a keen analysis of activities from time to time, so that it can meet
with its targets and can manage scope (Hwang, Zhao & Toh, 2014).
Project manager who have given the responsibility of managing online cash system for I-
crop by globex corporation has to make sure that the website developed can meet the
requirements of all shareholders in order to manage scope. Also, the resources needs to be
managed by manager efficiently (Archibald, Filippo & Di Filippo, (2012). This will help them
in reducing the unnecessary expensed of business and support company in raising their revenue
as well as profit.
Scope control is one of the most important section of management plan as it can support
individuals in planning effective control on overall tasks and managing the scope effectively.
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Board of mangers are provided with the responsibility to check the progress of all the activities
performed and they are also expected to measure advantages by utilising scope measurement
tools (Archibald, Filippo & Di Filippo, (2012). All the above mentioned elements will assist in
managing scope in online cash system website developed for I-crop by Globex corporation. This
will help company in exapnding their market and also attract nee consumers. Furthermore, it will
help organisation in building a positive relationship with consumer which would enhance
consumer loyalty. It would be beneficial for company.
Scope will be managed by determining in scope and out scope items which includes-
In scope: Online website related to payment will be open for all gadgets, customer would
be benefited by this as it would help them in easy making of payment by utilising any of the
gateway (Hwang, Zhao & Toh, 2014).
Out scope: Customers would not be able to alter their decision after doing payment.
Deliverables: Work would be easy to do and according to demands of customers.
Acceptance criteria: Time, expense, quality will be the main criteria for acceptance for
globex corporation on this project.
List of resources required for this project
Project manager of organisation would need various important resources to meet the
demands of this project within required period of time. For managing scope , it is very necessary
that individual have sufficient resources (Archibald, Di Filippo & Di Filippo, (2012). Here, the
manager would require people or human resources. If human resources in an organisation is able
to perform well then manager would be able to complete the task within given period of time.
Moreover, manager would require technological resources such as hardware, software,
printer, Xerox machine, CPU, Ram and many more so that the new website can be created
effectively. Other resources can also be needed for training and travelling purposes. If all these
resources are available to manger, then it will support company in meeting their objectives and
making this project more successful.
Resource list by using MS project
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PART 3
Project scheduling
It is one of the most import component of management plan as it provides manager with
the responsibility to divide the business activities into sub-parts so that it would be easy for th
company to achieve these tasks within the specified period of time (Project quality management.
2018). It includes milestones for each phase and deliverables, includes many activities, assigned
resources and expenses.
Activities
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8

Budget
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10

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PART 4
Analysis of risk and plan
A risk is an event or condition that, if it occurs, could have a positive or negative effect
on a project’s objectives. Risk Management is procedure of distinguishing, reacting to assessing,
observing, and reporting risks. This Risk Management Plan defines how risks relate with the
project will be known, investigate and managed. It put emphasis on development of plan to
address them in solving risk (Archibald, Di Filippo & Di Filippo,2012). The plan consisted of
various analysis of risk with both high and low risk. A proper risk management have capability
of facing unexpected risk problems that takes place at the time of completion of projects. At the
time of beginning of project the risk plan is created in order to identify and manage the risk
involved with project delivery. Risk Management plan is another important part in which
manager identifies and evaluate all the constraints. Project manager have to prepare plan to cut
down the risk. It is a representation that is made to anticipate all type of risks related with project
and figuring out their impact ( Hwang, Zhao & Toh, 2014). Managers prepares a mitigation
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plans so that negative events can be avoided to overcome or minimise consequences (Banda,
2017). In this system for I-crop project, an individual has identified various risks.
Risk 1: Finding new customers
 Rank : 3
 Category : Customer oriented
 Description: The organization Globex Corporation haven't worked online before this I
crop. Therefore, they do not have sound knowledge that how to attract new customers
with online websites (Fleming & Koppelman,2016) .
 Risk response : Manager of I corp must do the market analysis focusing on customers
needs and wants . Project manager have to conduct meetings with the staff in order to
take their suggestions ( (Hwang, Zhao & Toh, 2014). This will help them to in
minimizing of people risk.
 Root cause : working with new technology requires the sound knowledge of that
particular area where one wants to enter (Gustafsson and Yadav,2013). Globex has
started working with fresh technology with studying and collecting the information
which is require to operate with it.
 Triggers : It may be that misinterpretation get created because of deficiency of
knowledge about expectations of clients.
 Probability: Medium
 Risk Manager : Project manager
 Impact : High
 Status : Issue must be discussed by the head of department by project managers
Risk 2 : Increase cost
Rank : 1
 Description : the cost of working with new technology can increase the cost of I-crop to
the great extent.
 Root cause : Improper cost estimation is the main reason of increasing of cost.
 Triggers : The techsavy employee of an organisation have identified that implementing
the advance software may increase the cost (Hwang, Zhao & Toh, 2014) .
 Category : Financial risk
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 Risk response : Project manager must identify the task and do the proper allocation of
resources, so that cost can be minimizes. Every employee must monitor the activities.
 Risk owner: Project manager
 Status: Ceaselessly reviewing all spending to minimize unnecessary cost
 Impact: High
 Probability: High
Risk 3 : Submission of incomplete documents
 Rank: 4
 Description: Due to high pressure it may be possible that project manager forget to
submit incomplete document or wrong document
 Category: Purchase risk
 Root cause: pressure of project completions, improper allocation of work , poor
monitoring
 Triggers: delay the project
 Risk response: Effectual observation and controlling, adjacent supervisory before
submitting it (Kerzner & Kerzner,2017).
 Risk owner: Project manager
 Probability: Low
 Impact: Low
Risk 4 : Incomplete information collection
 Rank: 2
 Description: It may be possible the other executives collects the information which can
provide a adverse effect on the operations of I-Crop .
 Root cause: Excess scope quantity
 Category: Scope risk
 Risk owner: Project manager
 Triggers: Scope increase
 Impact: High
 Risk response: After each stage scope must approved by high authority of Globex.
 Status: Meeting has been organized with technical heads by project managers ,
 Probability: Medium
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Risk 5: Stakeholder’s expectation management related to secure payment
 Rank: 1
 Description: Globex corporation has new entered in the online system. Therefore, it may
possible that Globex get fails to meet the requirements of investors .
 Triggers: Time impact
 Root cause: Large number of stakeholders and their different needs
 Category: People
 Risk response: Analyses expectation of all stakeholders by conducting meeting with
them.
 Risk owner: Project manager
 Probability: High
 Impact: High
 Status: PM has to review expectations of consumers by working together with sponsors.
TASK 5
Quality management plan
The Quality Management Plan is the acceptable level of quality, which is typically
characterized by the customer, and describes how the plan will assure the level of quality in its
transfer and work processes (Rowe, 2015). Quality management activities ensure that:
 Products must meet the standards of quality.
 Process of works must me efficiently done and documented.
 Deficiency can be identified and appropriate steps must be taken (Project quality
management, 2018).
Team philosophy
This refers to the working in unity among team members formed for one task and follow
the instructions of project manager. The requirements of benchmarking must ensure the
members new cash systems by Globex Corporation and have to address issues related to quality .
Set of verification activities
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Verification activities will be held on 17 sept 2018 (Walker, 2015). this will consisted of
partners , addressing issues and monitoring the financial planning.
Activities Target
Meeting for the discussion of plan between
partners
17-Sep-2018
Work need to be communicated timely 17-Sep-2018
Progress should be check timely 17-Sep-2018
Observation of financial plan 17-Sep-2018
Set of validation activities
This will be done 17 Sep 2018. to examine the validity of guidelines and principles the
PM will look at the guidelines and principles.
Activities Target
expected value for Guidelines meeting 17-Sep-2018
Important holding need to be checked nearly
earlier finishing project
17-Sep-2018
TASK 6
Closure and Evaluation
a) Annotated bibliography
Covered in Appendix
b) Closure checklist
 the project have top wind-up with in specified budgets.
 Project has to met with all quality measures
 Organisation have to met the requirements of all stakeholders.
 Learning obtained from this project must ensured for next task.
c) Project evaluation
Project manager of Globex will make sure that all the stakeholders are satisfied or not.
PM will identified the traffic for this new website for online cash systems in order to find out
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future requirements of this project (Walker, 2015). He will also ensure about the profit margin
obtained from the I-crop as expected. It will also look at the comment of existing consumer and
all benefit to evaluate MOV.
It is observed that project has met all the requirements of stakeholders and also with set
standards.
Bibliography 1
Gustafsson, B., & Yadav, B. (2013). Closing IT projects: A Swedish public sector.
Master Thesis in Informatics, 1-61.
The research have been conducted by authors on IT Based companies of Swedish The
study has revealed that before starting the project and executing it at workplace it is important
for project manager to perform two functions. These necessary functions are planning and
communicating outcome. Planning always plays a important role in project management because
it increases the chances of success and lesser the chance of risks . Correct planning helps in
finding issues and identifying solutions to mitigate risks. Furthermore, another important
function which is to be performed by the project manager is communication , the project
manager have to interact with the employees and team members , help them and take their
suggestion if required. This will build a good relationship between superior and subordinate.
This will help in making project successful. This would help company in increasing their
business and expanding their market share.
Bibliography 2
iri, Z. and Rakovi?, L. (2010). Change Management in Information System Development
and Implementation Projects. Management Information Systems, 5(2).
Changes in an information system is discussed by the author. He argued that large
amount of information system get failed during the prior stage of development and
implementation. The change management is also discussed. Changes are the part of work. They
are difficult to predict, technology is changeable. So for me this is right to treat this subject
important.
Bibliography 3
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Kiong, T., Gharleghi, B., Yin-Fah, B. and Kei, L. (2014). Electronic Ticketing in
Airline Industries among Malaysians: the Determinants. International Journal of Business
and Social Science, 5(9).
In above author have discussed regarding the use of online ticketing systems in airline
industries . For that he has gone for detailed study about electronic ticketing system, payment
method, security, web design. These all plays crucial role in developing the foundation of
elementary concepts. With the help of statistical data the basic concept has been understood in
better way. At last he has gone for Karl Pearson correlation analysis by comparing all the study
topics with each other. inside this journal there is only one drawback that is less statistical data
CONCLUSION
From the entire report, it has been summarised that it project manager is required in order
to fulfil the needs and demands of consumers. Report also highlights that how important is to
manage and control all the resources for successful completion of project. Communication and
planning related to manpower, human resources has played an active role in getting positive
outcomes and improved their efficiency. Higher authorities are required to check each task and
activities performed by manager closely. Furthermore, assignment has showed that management
of scope and planning related to it, is very necessary in an organisation in order to expand their
business and increase profit. In addition, risk analysis and quality management plan was
prepared. It can be established that proper risk management plan supports in minimising negative
effects and support in making tasks successful. Also, report discussed about the importance of
keenly analysing the needs and requirements of consumers in order to gain competitive
advantage. This has also provided the company with new opportunities and ways to grow their
business.
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REFERENCES
Online And Journals
Archibald, R. D., Di Filippo, I., & Di Filippo, D., (2012). The six-phase comprehensive project
life cycle model including the project incubation/feasibility phase and the post-project
evaluation phase. PM World Journal. 1(5).
Banda, S. S. (2017). Project Close-out and Reasons for Success or Failure of projects. ZM:
SSB & Associates.
Crawford, J.K., (2014). Project management maturity model. Auerbach Publications.
Fleming, Q. W., & Koppelman, J. M., (2016, December). Earned value project
management. Project Management Institute.
Gustafsson, B., & Yadav, B. (2013). Closing IT projects: A Swedish public sector. Master
Thesis in Informatics. 1-61.
Hwang, B. G., Zhao, X., & Toh, L. P. (2014). Risk management in small construction
projects in Singapore: Status, barriers and impact. International Journal of Project
Management. 32(1). 116-124.
Kerzner, H., & Kerzner, H. R., (2017). Project management: a systems approach to
planning, scheduling, and controlling. John Wiley & Sons.
Kiely, G., Kiely, J. & Nolan, C. (2017). Scaling Agile Methods to Process Improvement
Projects: A Global Virtual Team Case Study.
Morris, A., Wilkinson, S.J., Algeo, C. and Candusso, D., (2016), September. Measuring project
management maturity in NSW local government. In Construction, Building and Real
Estate Research Conference (COBRA). Royal Institution of Chartered Surveyors.
Rowe, S. R., (2015). Project management for small projects. Berrett-Koehler Publishers.
Walker, A., (2015). Project management in construction. John Wiley & Sons.
Online
Project quality management. 2018. [Online]. Available through <
https://www.pm4dev.com/resources/free-e-books/5-project-quality-management/
file.html>
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