Online Stud Farm Management Part 2: Area of Impact Rank (1 to 5)
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Student Name ID Assignment: 3 Title: Online Stud Farm Management Part One: 1.1 MOV - Measurable Organisational Value Identify the desired area of impact - Rank the following areas in terms of importance: Strategy / Customer / Financial / Operational / Social Marks (5 Marks) Rank the area of impact (add in any more area you can think of) Area of Impact Rank (1 to 5) Strategy: Proper business strategies will help the online stud farm to gain competitive advantages and commercial profit. 2 Operational:
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Student Name
ID Assignment: 3 Title:
Online Stud Farm
Management
ID Assignment: 3 Title:
Online Stud Farm
Management
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1. Part One:
1.1 MOV - Measurable Organisational Value
Identify the desired area of impact - Rank the following areas in terms of importance: Strategy /
Customer / Financial / Operational / Social (5 Marks)
Rank the area of impact (add in any more area you can think of)
Area of Impact Rank (1 to 5)
Strategy: Proper business strategies will
help the online stud farm to gain
competitive advantages and commercial
profit.
3
Customer: Customers are referred to as
one of the most valuable asset for any
business. Similarly, before developing
the management system stud farm the
Globex should focus on building a
customer focused system. With the
successful implementation of the
system, the breeder’s details, stud
details and secured level payment can
also be processed accordingly.
1
Financial: Capital investment is another
important thing on which the developers
should concentrate as well. The project
sponsors are responsible to deliver
required amount of capital so that the
system can be implemented securely.
2
Operational: Besides proper investment
over capital for the development of the
online stud farm management system
another thing on which the developers
should concentrate is proper
maintenance of operation. This is the
responsibility of the project manager
and the operation manager to make sure
that all the system operations are
running accurately.
4
Social: The breeding farm should have
proper social support during operation
period. It is expected that, with social
support the administrative errors will be
significantly reduced.
5
1.1 MOV - Measurable Organisational Value
Identify the desired area of impact - Rank the following areas in terms of importance: Strategy /
Customer / Financial / Operational / Social (5 Marks)
Rank the area of impact (add in any more area you can think of)
Area of Impact Rank (1 to 5)
Strategy: Proper business strategies will
help the online stud farm to gain
competitive advantages and commercial
profit.
3
Customer: Customers are referred to as
one of the most valuable asset for any
business. Similarly, before developing
the management system stud farm the
Globex should focus on building a
customer focused system. With the
successful implementation of the
system, the breeder’s details, stud
details and secured level payment can
also be processed accordingly.
1
Financial: Capital investment is another
important thing on which the developers
should concentrate as well. The project
sponsors are responsible to deliver
required amount of capital so that the
system can be implemented securely.
2
Operational: Besides proper investment
over capital for the development of the
online stud farm management system
another thing on which the developers
should concentrate is proper
maintenance of operation. This is the
responsibility of the project manager
and the operation manager to make sure
that all the system operations are
running accurately.
4
Social: The breeding farm should have
proper social support during operation
period. It is expected that, with social
support the administrative errors will be
significantly reduced.
5
• SUMMARISE THE MOV IN A CLEAR CONCISE STATEMENT OR TABLE
(Note: the MOV should inform everyone what the project will achieve, not how it will be achieved. It
should also focus on the organisation, not on the technology that will be used to build or support the
information system).
Choose the area of impact you have ranked as no 1.
For that area of impact
With reference to your project, identify one or two of the following types of value:
Better
Faster
Cheaper
Do more
For the online stud farm management project the chosen area that have been ranked as number
1 is the consumer. With reference to the project the values those are specified include: faster
and cheaper
Faster: The purpose of the project is to make sure that all true percentage of through breeding is
maintained and breeding services are offered. There are many online stud farm system those are
used for service booking and breeding management. The system is required to be faster so that
it can grab more consumers accordingly.
Cheaper: The growth of any system depends upon its service timing, affordability and quality.
For this particular management system the affordability is again very important. Thus, the price
of booking should be cheaper so that it can grab more number of consumers accordingly.
Develop an appropriate metric - this sets the target and expectation of all the stakeholders.
It is important to determine a quantitative target that needs to be expressed as a metric in
terms of an increase or decrease of money.
Stakeholder Expectation
Project manager To track and monitor the project to meet its
objectives
Finance manager To complete the project within the estimated
budget.
Operation manager To maintain all the necessary system operation
in terms of booking breeders details, stud details
and payment gateway.
System developer To provide a secured system with secured
payment to the consumers.
Determine the timeframe for achieving the MOV - ask yourselves, when do we want to
achieve this target metric?
(Note: the MOV should inform everyone what the project will achieve, not how it will be achieved. It
should also focus on the organisation, not on the technology that will be used to build or support the
information system).
Choose the area of impact you have ranked as no 1.
For that area of impact
With reference to your project, identify one or two of the following types of value:
Better
Faster
Cheaper
Do more
For the online stud farm management project the chosen area that have been ranked as number
1 is the consumer. With reference to the project the values those are specified include: faster
and cheaper
Faster: The purpose of the project is to make sure that all true percentage of through breeding is
maintained and breeding services are offered. There are many online stud farm system those are
used for service booking and breeding management. The system is required to be faster so that
it can grab more consumers accordingly.
Cheaper: The growth of any system depends upon its service timing, affordability and quality.
For this particular management system the affordability is again very important. Thus, the price
of booking should be cheaper so that it can grab more number of consumers accordingly.
Develop an appropriate metric - this sets the target and expectation of all the stakeholders.
It is important to determine a quantitative target that needs to be expressed as a metric in
terms of an increase or decrease of money.
Stakeholder Expectation
Project manager To track and monitor the project to meet its
objectives
Finance manager To complete the project within the estimated
budget.
Operation manager To maintain all the necessary system operation
in terms of booking breeders details, stud details
and payment gateway.
System developer To provide a secured system with secured
payment to the consumers.
Determine the timeframe for achieving the MOV - ask yourselves, when do we want to
achieve this target metric?
Based on the details of the system requirements and their backgrounds it can be said that for the
successful accomplishment of this particular project the project manager and the project team
members will be required 6 months time.
• Part Two: (10 Marks)
Scope (minimal 10 items) – 10 Marks
Requirements are gathered and documented accurately
Design and Develop the online stud farm management system
Test and Implement the designed and developed online system
Reports are implemented
Support the system through warranty period of 6 months
The service should be affordable
The system offers the consumers an online payment gateway opportunity
The consumers should operate the system from any location and any time
The system should possess public liability insurance
System has a feedback ort invoice option
Out of Scope
There is not particular marketing strategies developed for the online Stud farm
management system
No future development plans are developed for this project
Assumptions
After analysing the details of the online stud farm management system developed by Globex it has
been found that, the project objectives can be reached by the project team members within 6
months and the total budget estimated for the successful implementation of the project is $40,000.
It is assumed that with the successful implementation of the project the consumers will be able to
book online with a faster and cheaper cost amount. Again they will also be able to get a secured
system where the details will be stored absolutely securely.
Constraints
For this project triple project constraints are cost, time and scope. The online stud farm
management system is estimated to be completed within 6 months with a cost of $40,000. It is
defined that the system will reduce the issues of traditional manual and spreadsheet maintained
record keeping system.
Scope Management Plan
In order to gain effective success from the online stud farm management system it is necessary for
the system developers to consider a scope plan and that must be followed by the project team
members and the project manager as well. Experienced system developers, Operation manager and
finance manager should be hired for implementing system. Before its implementation a prototype
successful accomplishment of this particular project the project manager and the project team
members will be required 6 months time.
• Part Two: (10 Marks)
Scope (minimal 10 items) – 10 Marks
Requirements are gathered and documented accurately
Design and Develop the online stud farm management system
Test and Implement the designed and developed online system
Reports are implemented
Support the system through warranty period of 6 months
The service should be affordable
The system offers the consumers an online payment gateway opportunity
The consumers should operate the system from any location and any time
The system should possess public liability insurance
System has a feedback ort invoice option
Out of Scope
There is not particular marketing strategies developed for the online Stud farm
management system
No future development plans are developed for this project
Assumptions
After analysing the details of the online stud farm management system developed by Globex it has
been found that, the project objectives can be reached by the project team members within 6
months and the total budget estimated for the successful implementation of the project is $40,000.
It is assumed that with the successful implementation of the project the consumers will be able to
book online with a faster and cheaper cost amount. Again they will also be able to get a secured
system where the details will be stored absolutely securely.
Constraints
For this project triple project constraints are cost, time and scope. The online stud farm
management system is estimated to be completed within 6 months with a cost of $40,000. It is
defined that the system will reduce the issues of traditional manual and spreadsheet maintained
record keeping system.
Scope Management Plan
In order to gain effective success from the online stud farm management system it is necessary for
the system developers to consider a scope plan and that must be followed by the project team
members and the project manager as well. Experienced system developers, Operation manager and
finance manager should be hired for implementing system. Before its implementation a prototype
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should be designed and tested accordingly to make sure that whether the system is reaching its
desire outcome or service to the consumers.
Resource Plan (from MS-Project)
People (and their roles), plus any extra personnel that is required for the project – Project
screenshot.
Figure 1: Resource allocated for the online system
(Source: Created by author)
Resource Name Type Max.
Units Std. Rate Accrue At Base
Calendar
Responsibility
Project manager Work 100% $28.00/hr Prorated Standard Control and
monitor
finance manager Work 100% $22.00/hr Prorated Standard Budget
preparation
operation manager Work 100% $25.00/hr Prorated Standard Checking system
operation
system developer Work 100% $18.00/hr Prorated Standard
Developing the
online stud farm
management
system
system tester Work 100% $15.00/hr Prorated Standard Testing the online
system
project sponsor Work 100% $32.00/hr Prorated Standard Invest capital for
the project
HR manager Work 100% $15.00/hr Prorated Standard Manages the
employees
hardware
requirements Material $26.00 Prorated To develop the
system
software
requirements
Material $25.00 Prorated To increase the
efficiency of the
desire outcome or service to the consumers.
Resource Plan (from MS-Project)
People (and their roles), plus any extra personnel that is required for the project – Project
screenshot.
Figure 1: Resource allocated for the online system
(Source: Created by author)
Resource Name Type Max.
Units Std. Rate Accrue At Base
Calendar
Responsibility
Project manager Work 100% $28.00/hr Prorated Standard Control and
monitor
finance manager Work 100% $22.00/hr Prorated Standard Budget
preparation
operation manager Work 100% $25.00/hr Prorated Standard Checking system
operation
system developer Work 100% $18.00/hr Prorated Standard
Developing the
online stud farm
management
system
system tester Work 100% $15.00/hr Prorated Standard Testing the online
system
project sponsor Work 100% $32.00/hr Prorated Standard Invest capital for
the project
HR manager Work 100% $15.00/hr Prorated Standard Manages the
employees
hardware
requirements Material $26.00 Prorated To develop the
system
software
requirements
Material $25.00 Prorated To increase the
efficiency of the
system
network
requirements Material $20.00 Prorated To give security to
the system
Technology - any hardware, network and software needs to support the team and your
client.
Hardware Processors, Ethernet, hard drives,
memory, sound cards
Software Operating system, server side scripting
language, database(MySQL), local
caching software
Network Network diagnostic tools, bandwidth,
TCP/IP network model
Facilities - where will most of the teamwork be situated?
According to the analytical details of the system it has been found that for this
particular project most of the teamwork will be suited for are onsite.
Other - for example, travel, training etc.
Travel Requirements The consumers are allowed to
book in stud farm management
system from different geographical
location as it offers online booking
option according to their new
service. On the other hand, the
travel requirements are different
for the different countries. The
travel requirements include:
unexpired passport (DFA issued),
Unexpired Visa, return tickets.
Training Requirements Training is not required for the
consumers but it is needed for the
system developers and other
employees who will be operating
the new booking system. Technical
and cultural training and
development program should be
arranged by the developers.
Part Three: (15 Marks)
network
requirements Material $20.00 Prorated To give security to
the system
Technology - any hardware, network and software needs to support the team and your
client.
Hardware Processors, Ethernet, hard drives,
memory, sound cards
Software Operating system, server side scripting
language, database(MySQL), local
caching software
Network Network diagnostic tools, bandwidth,
TCP/IP network model
Facilities - where will most of the teamwork be situated?
According to the analytical details of the system it has been found that for this
particular project most of the teamwork will be suited for are onsite.
Other - for example, travel, training etc.
Travel Requirements The consumers are allowed to
book in stud farm management
system from different geographical
location as it offers online booking
option according to their new
service. On the other hand, the
travel requirements are different
for the different countries. The
travel requirements include:
unexpired passport (DFA issued),
Unexpired Visa, return tickets.
Training Requirements Training is not required for the
consumers but it is needed for the
system developers and other
employees who will be operating
the new booking system. Technical
and cultural training and
development program should be
arranged by the developers.
Part Three: (15 Marks)
Using MS Project, develop a schedule using a high level Work Breakdown Structure (WBS). It
should include:
Milestones for each phase and deliverable (4 marks)
Milestone 1: Completion of project initiation phase
Milestone 2: Completion of project planning phase
Milestone3: Completion of project design phase
Milestone 4: Completion of project testing phase
Milestone 5: Completion of project closure phase
Activities / Tasks(4 marks)
Task Name Duration Start Finish Resource Names Cost
Developing project
schedule for Online Stud
Farm management system
180 days Thu
5/10/18
Wed
1/16/19 $39,877.00
Project initiation phase 34 days Thu
5/10/18
Tue
6/26/18 $5,926.00
Understanding project
requirement for Stud farm 5 days Thu
5/10/18
Wed
5/16/18
operation
manager, Project
manager
$2,120.00
Hiring sponsors and
discussion with Globex 6 days Thu
5/17/18
Thu
5/24/18 HR manager $720.00
Developing business
strategies 8 days Fri 5/25/18 Tue 6/5/18 operation
manager $1,600.00
Demo version installation 6 days Fri 5/25/18 Fri 6/1/18 Project manager $1,344.00
Resource identification 5 days Wed 6/6/18 Tue
6/12/18
hardware
requirements
[1],network
requirements
[1],software
requirements [1]
$71.00
Resource gathering 10 days Wed
6/13/18
Tue
6/26/18
hardware
requirements
[1],network
requirements
[1],software
requirements [1]
$71.00
Milestone 1: Completion of
project initiation phase 0 days Tue
6/26/18
Tue
6/26/18 Project manager $0.00
Project planning phase 35 days Wed
6/27/18
Tue
8/14/18 $7,608.00
Developing project team 9 days Wed Mon 7/9/18 operation $1,800.00
736643.mpp
should include:
Milestones for each phase and deliverable (4 marks)
Milestone 1: Completion of project initiation phase
Milestone 2: Completion of project planning phase
Milestone3: Completion of project design phase
Milestone 4: Completion of project testing phase
Milestone 5: Completion of project closure phase
Activities / Tasks(4 marks)
Task Name Duration Start Finish Resource Names Cost
Developing project
schedule for Online Stud
Farm management system
180 days Thu
5/10/18
Wed
1/16/19 $39,877.00
Project initiation phase 34 days Thu
5/10/18
Tue
6/26/18 $5,926.00
Understanding project
requirement for Stud farm 5 days Thu
5/10/18
Wed
5/16/18
operation
manager, Project
manager
$2,120.00
Hiring sponsors and
discussion with Globex 6 days Thu
5/17/18
Thu
5/24/18 HR manager $720.00
Developing business
strategies 8 days Fri 5/25/18 Tue 6/5/18 operation
manager $1,600.00
Demo version installation 6 days Fri 5/25/18 Fri 6/1/18 Project manager $1,344.00
Resource identification 5 days Wed 6/6/18 Tue
6/12/18
hardware
requirements
[1],network
requirements
[1],software
requirements [1]
$71.00
Resource gathering 10 days Wed
6/13/18
Tue
6/26/18
hardware
requirements
[1],network
requirements
[1],software
requirements [1]
$71.00
Milestone 1: Completion of
project initiation phase 0 days Tue
6/26/18
Tue
6/26/18 Project manager $0.00
Project planning phase 35 days Wed
6/27/18
Tue
8/14/18 $7,608.00
Developing project team 9 days Wed Mon 7/9/18 operation $1,800.00
736643.mpp
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6/27/18 manager
Risk management planning 10 days Tue
7/10/18
Mon
7/23/18 Project manager $2,240.00
Stakeholders management
plan development 5 days Tue
7/24/18
Mon
7/30/18
HR manager,
system tester $1,200.00
Communication and
procurements management
plan
8 days Tue
7/24/18 Thu 8/2/18 HR manager $960.00
Budget planning 8 days Fri 8/3/18 Tue
8/14/18 finance manager $1,408.00
Milestone 2: Completion of
project planning phase 0 days Tue
8/14/18
Tue
8/14/18 Project manager $0.00
Design and implementation
phase 88 days Wed
8/15/18
Fri
12/14/18 $22,767.00
Collecting non-functional
and functional requirements 6 days Wed
8/15/18
Wed
8/22/18
operation
manager, project
sponsor
$2,736.00
Collecting hardware
requirements 5 days Thu
8/23/18
Wed
8/29/18
hardware
requirements
[1],project
sponsor
$1,306.00
Software requirements
specification 8 days Thu
8/30/18
Mon
9/10/18
project sponsor,
software
requirements [1]
$2,073.00
Network requirements
specification 8 days Tue
9/11/18
Thu
9/20/18
network
requirements
[1],project
sponsor
$2,068.00
Prototype designing 9 days Fri 9/21/18 Wed
10/3/18
system
developer $1,296.00
Approval of the design
outline 10 days Thu
10/4/18
Wed
10/17/18
operation
manager, Project
manager
$4,240.00
Modeling 12 days Thu
10/18/18 Fri 11/2/18 system
developer $1,728.00
Coding 15 days Mon
11/5/18
Fri
11/23/18
system
developer $2,160.00
Complete development
with Graphical User Interface 15 days Mon
11/5/18
Fri
11/23/18
operation
manager $3,000.00
Adding mobile features 15 days Mon
11/26/18
Fri
12/14/18
system
developer $2,160.00
Milestone3: Completion of
project design phase 0 days Fri
12/14/18
Fri
12/14/18 Project manager $0.00
Testing phase 20 days Mon
12/17/18 Fri 1/11/19 $2,400.00
Unit testing of the online
management system 10 days Mon
12/17/18
Fri
12/28/18 system tester $1,200.00
Integrated testing 10 days Mon Fri 1/11/19 system tester $1,200.00
Risk management planning 10 days Tue
7/10/18
Mon
7/23/18 Project manager $2,240.00
Stakeholders management
plan development 5 days Tue
7/24/18
Mon
7/30/18
HR manager,
system tester $1,200.00
Communication and
procurements management
plan
8 days Tue
7/24/18 Thu 8/2/18 HR manager $960.00
Budget planning 8 days Fri 8/3/18 Tue
8/14/18 finance manager $1,408.00
Milestone 2: Completion of
project planning phase 0 days Tue
8/14/18
Tue
8/14/18 Project manager $0.00
Design and implementation
phase 88 days Wed
8/15/18
Fri
12/14/18 $22,767.00
Collecting non-functional
and functional requirements 6 days Wed
8/15/18
Wed
8/22/18
operation
manager, project
sponsor
$2,736.00
Collecting hardware
requirements 5 days Thu
8/23/18
Wed
8/29/18
hardware
requirements
[1],project
sponsor
$1,306.00
Software requirements
specification 8 days Thu
8/30/18
Mon
9/10/18
project sponsor,
software
requirements [1]
$2,073.00
Network requirements
specification 8 days Tue
9/11/18
Thu
9/20/18
network
requirements
[1],project
sponsor
$2,068.00
Prototype designing 9 days Fri 9/21/18 Wed
10/3/18
system
developer $1,296.00
Approval of the design
outline 10 days Thu
10/4/18
Wed
10/17/18
operation
manager, Project
manager
$4,240.00
Modeling 12 days Thu
10/18/18 Fri 11/2/18 system
developer $1,728.00
Coding 15 days Mon
11/5/18
Fri
11/23/18
system
developer $2,160.00
Complete development
with Graphical User Interface 15 days Mon
11/5/18
Fri
11/23/18
operation
manager $3,000.00
Adding mobile features 15 days Mon
11/26/18
Fri
12/14/18
system
developer $2,160.00
Milestone3: Completion of
project design phase 0 days Fri
12/14/18
Fri
12/14/18 Project manager $0.00
Testing phase 20 days Mon
12/17/18 Fri 1/11/19 $2,400.00
Unit testing of the online
management system 10 days Mon
12/17/18
Fri
12/28/18 system tester $1,200.00
Integrated testing 10 days Mon Fri 1/11/19 system tester $1,200.00
12/31/18
Milestone 4: Completion of
project testing phase 0 days Fri 1/11/19 Fri 1/11/19 system tester $0.00
Closure phase 3 days Mon
1/14/19
Wed
1/16/19 $1,176.00
Stakeholders signoff 1 day Mon
1/14/19
Mon
1/14/19
HR manager,
project sponsor $376.00
Final document submission 1 day Tue
1/15/19
Tue
1/15/19
operation
manager, Project
manager
$424.00
Post maintenance plan 1 day Wed
1/16/19
Wed
1/16/19
finance
manager,
operation
manager
$376.00
Milestone 5: Completion of
project closure phase 0 days Wed
1/16/19
Wed
1/16/19 Project manager $0.00
Milestone 4: Completion of
project testing phase 0 days Fri 1/11/19 Fri 1/11/19 system tester $0.00
Closure phase 3 days Mon
1/14/19
Wed
1/16/19 $1,176.00
Stakeholders signoff 1 day Mon
1/14/19
Mon
1/14/19
HR manager,
project sponsor $376.00
Final document submission 1 day Tue
1/15/19
Tue
1/15/19
operation
manager, Project
manager
$424.00
Post maintenance plan 1 day Wed
1/16/19
Wed
1/16/19
finance
manager,
operation
manager
$376.00
Milestone 5: Completion of
project closure phase 0 days Wed
1/16/19
Wed
1/16/19 Project manager $0.00
Resource Assignments(4 marks)
Task Name Resource Names
Developing project schedule for Online Stud Farm
management system
Project initiation phase
Understanding project requirement for Stud farm operation manager, Project
manager
Hiring sponsors and discussion with Globex HR manager
Developing business strategies operation manager
Demo version installation Project manager
Resource identification
hardware requirements
[1],network requirements
[1],software requirements [1]
Resource gathering
hardware requirements
[1],network requirements
[1],software requirements [1]
Milestone 1: Completion of project initiation phase Project manager
Project planning phase
Developing project team operation manager
Risk management planning Project manager
Stakeholders management plan development HR manager, system tester
Communication and procurements management plan HR manager
Budget planning finance manager
Milestone 2: Completion of project planning phase Project manager
Design and implementation phase
Collecting non-functional and functional requirements operation manager, project
sponsor
Collecting hardware requirements hardware requirements
[1],project sponsor
Software requirements specification project sponsor, software
requirements [1]
Network requirements specification network requirements
[1],project sponsor
Prototype designing system developer
Approval of the design outline operation manager, Project
manager
Modeling system developer
Coding system developer
Complete development with Graphical User Interface operation manager
Adding mobile features system developer
Milestone3: Completion of project design phase Project manager
Testing phase
Unit testing of the online management system system tester
Integrated testing system tester
Task Name Resource Names
Developing project schedule for Online Stud Farm
management system
Project initiation phase
Understanding project requirement for Stud farm operation manager, Project
manager
Hiring sponsors and discussion with Globex HR manager
Developing business strategies operation manager
Demo version installation Project manager
Resource identification
hardware requirements
[1],network requirements
[1],software requirements [1]
Resource gathering
hardware requirements
[1],network requirements
[1],software requirements [1]
Milestone 1: Completion of project initiation phase Project manager
Project planning phase
Developing project team operation manager
Risk management planning Project manager
Stakeholders management plan development HR manager, system tester
Communication and procurements management plan HR manager
Budget planning finance manager
Milestone 2: Completion of project planning phase Project manager
Design and implementation phase
Collecting non-functional and functional requirements operation manager, project
sponsor
Collecting hardware requirements hardware requirements
[1],project sponsor
Software requirements specification project sponsor, software
requirements [1]
Network requirements specification network requirements
[1],project sponsor
Prototype designing system developer
Approval of the design outline operation manager, Project
manager
Modeling system developer
Coding system developer
Complete development with Graphical User Interface operation manager
Adding mobile features system developer
Milestone3: Completion of project design phase Project manager
Testing phase
Unit testing of the online management system system tester
Integrated testing system tester
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Milestone 4: Completion of project testing phase system tester
Closure phase
Stakeholders signoff HR manager, project sponsor
Final document submission operation manager, Project
manager
Post maintenance plan finance manager, operation
manager
Milestone 5: Completion of project closure phase Project manager
Estimates for Each Activity / Task (3 Marks)
Figure 2: Project Timeline for the online Stud Farm project development
(Source: Created by author)
Closure phase
Stakeholders signoff HR manager, project sponsor
Final document submission operation manager, Project
manager
Post maintenance plan finance manager, operation
manager
Milestone 5: Completion of project closure phase Project manager
Estimates for Each Activity / Task (3 Marks)
Figure 2: Project Timeline for the online Stud Farm project development
(Source: Created by author)
Part Four: (15 Marks)
Assumptions - Document any assumptions you have made about the project (5 Marks)
For this particular project the assumptions are as follows:
The project is assumed to e completely risk and error free, user friendly and fast
The project is estimated to be completed in 6 months
The assumed cost for the successful completion of the project is $40,000
Using the Risk Identification Framework as a basis, identify five risks to the project –
Analyse these risks, assign a risk to an appropriate member, and describe a strategy for
the management of each specific risk. (10 Marks)
List at least 5
Ris
k ID
Description Probabilit
y
Impac
t
Rate Assigned
To
Response
Strategy
Threat or
Opportunity
1 Improper
resource
identification
70% 5 High Project
manager
At the project
initiation
phase the
project
manager
should create
identify the
required
resources
(human,
physical)
depending on
experience.
If proper
resources are
not chosen
during the
project
development
phase the
time and cost
both will be
overrated.
2 Incorrect cost
management
60% 3 High Finance
manager
At the
initiation
phase
feasibility
should be
done by the
finance
manager to
make sure that
the project is
beneficial for
the stud farm.
If proper cost
is not
estimated by
the finance
manager
then during
the project
ongoing
phase the
overall
estimation
will exceed
the estimated
budget.
3 Lack of
technical
experience
80% 5 High HR
manager
Professional
training and
development
program
should be
It will help
the project
team
members to
gain more
Assumptions - Document any assumptions you have made about the project (5 Marks)
For this particular project the assumptions are as follows:
The project is assumed to e completely risk and error free, user friendly and fast
The project is estimated to be completed in 6 months
The assumed cost for the successful completion of the project is $40,000
Using the Risk Identification Framework as a basis, identify five risks to the project –
Analyse these risks, assign a risk to an appropriate member, and describe a strategy for
the management of each specific risk. (10 Marks)
List at least 5
Ris
k ID
Description Probabilit
y
Impac
t
Rate Assigned
To
Response
Strategy
Threat or
Opportunity
1 Improper
resource
identification
70% 5 High Project
manager
At the project
initiation
phase the
project
manager
should create
identify the
required
resources
(human,
physical)
depending on
experience.
If proper
resources are
not chosen
during the
project
development
phase the
time and cost
both will be
overrated.
2 Incorrect cost
management
60% 3 High Finance
manager
At the
initiation
phase
feasibility
should be
done by the
finance
manager to
make sure that
the project is
beneficial for
the stud farm.
If proper cost
is not
estimated by
the finance
manager
then during
the project
ongoing
phase the
overall
estimation
will exceed
the estimated
budget.
3 Lack of
technical
experience
80% 5 High HR
manager
Professional
training and
development
program
should be
It will help
the project
team
members to
gain more
arranged to
make sure that
the project
team members
are aware
about the
technical
requirements.
technical
skills and
knowledge
from the
training
program.
4 Distributed
project team
50% 1 Mediu
m
Operatio
n
manager
Proper
technology
should be used
for
collaboration
of all the
project team
members on a
single
communicatio
n platform.
Proper team
collaboration
will teach
them to
become more
engaged to
their job
roles,
supportive
and also
increase the
team spirit.
5 Improper
communicatio
n
60% 5 Mediu
m
project
manager
Open
communicatio
n approach
should be
applied to get
shared ideas.
Reduce the
rate of intra
organizationa
l and inter
organizationa
l conflict.
make sure that
the project
team members
are aware
about the
technical
requirements.
technical
skills and
knowledge
from the
training
program.
4 Distributed
project team
50% 1 Mediu
m
Operatio
n
manager
Proper
technology
should be used
for
collaboration
of all the
project team
members on a
single
communicatio
n platform.
Proper team
collaboration
will teach
them to
become more
engaged to
their job
roles,
supportive
and also
increase the
team spirit.
5 Improper
communicatio
n
60% 5 Mediu
m
project
manager
Open
communicatio
n approach
should be
applied to get
shared ideas.
Reduce the
rate of intra
organizationa
l and inter
organizationa
l conflict.
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Part Five: (15 Marks)
The team’s philosophy is to deliver a secured, on-time, online quality service to the
consumers regardless of their location in New South Wales, Australia.
Develop and describe the following that your project team could implement to ensure
quality;
A set of verification activities ( - 6 Marks)
Verification Activity When?
Challenges testing (hardware,
software and network)
Initiation phase
Experimental level trial Initiation phase
Review documents Planning phase
Legislation Planning phase
Accepted good project practices Initiation phase
Code of ethics and project practices Planning phase
A set of validation activities (-6 Marks)
Validation Activity When?
Requirements validation based in
testing
Testing phase
Review specification Implementation phase
Testing specification review Testing phase
Test campaign hosting Testing phase
Code review Development phase
Project team members training
validation
Project initiation phase
The team’s philosophy is to deliver a secured, on-time, online quality service to the
consumers regardless of their location in New South Wales, Australia.
Develop and describe the following that your project team could implement to ensure
quality;
A set of verification activities ( - 6 Marks)
Verification Activity When?
Challenges testing (hardware,
software and network)
Initiation phase
Experimental level trial Initiation phase
Review documents Planning phase
Legislation Planning phase
Accepted good project practices Initiation phase
Code of ethics and project practices Planning phase
A set of validation activities (-6 Marks)
Validation Activity When?
Requirements validation based in
testing
Testing phase
Review specification Implementation phase
Testing specification review Testing phase
Test campaign hosting Testing phase
Code review Development phase
Project team members training
validation
Project initiation phase
Part Six: 550 words (10 Marks)
Closure and Evaluation Researching for the closure checklist and project evaluation
a. To prepare for this task, you will be required to provide an annotated bibliography. – 3 marks
Eskerod, P., Huemann, M., & Savage, G. (2015). Project stakeholder management—past and
present. Project Management Journal, 46(6), 6-14.
This article reflects the difference between the past concept of project stakeholder management and
present concept of project stakeholder management. It has been found that, the process of
stakeholder management differs a lot with the changing time period. This article defined the root of the
theoretical concept of stakeholder management and their role in a business organization. It is
expected that if the stakeholders manages their role in the projects then the objectives can be easily
reached within he estimated time phase and budget.
Bilgihan, A., Nusair, K., Okumus, F., & Cobanoglu, C. (2015). Applying flow theory to booking
experiences: An integrated model in an online service context. Information &
Management, 52(6), 668-678.
This particular article is focused on application of flow theory for booking experience. This is an
integrated model that helps to design online service context. The interaction between the users and
the websites are very important thing to be considered to create commercial opportunities and long
term sustainability. The purpose of this study is to define and examine the relationship between the
concept of experience of the online consumer and flow. It has been found that in order to reach the
preliminarily designed objectives, this theoretical model is needed to be designed. Positive
experience and feedback from the consumers increases the brand quality and add-on values to its
service.
Bilgihan, A., & Bujisic, M. (2015). The effect of website features in online relationship
marketing: A case of online hotel booking. Electronic Commerce Research and
Applications, 14(4), 222-232.
The essence of the above journal implies the effect of website and online booking relationship
marketing. The hedonic features for the website have stronger significant effect on the effective
commitment. However, for promoting the online booking systems proper promotional activities with
the help of the social media marketing are also necessary to be done. Though the design or the
usability features of the online booking system is the most important thing to be considered to grab
more consumers and also for retaining the existing consumers. E-loyalty from the consumers and the
service providers are important ky factors that leads an online booking system towards success.
b. Develop a closure checklist that the project team will use to ensure that the project has been
closed properly. – 3 marks Refer also to chapter 12
Closure and Evaluation Researching for the closure checklist and project evaluation
a. To prepare for this task, you will be required to provide an annotated bibliography. – 3 marks
Eskerod, P., Huemann, M., & Savage, G. (2015). Project stakeholder management—past and
present. Project Management Journal, 46(6), 6-14.
This article reflects the difference between the past concept of project stakeholder management and
present concept of project stakeholder management. It has been found that, the process of
stakeholder management differs a lot with the changing time period. This article defined the root of the
theoretical concept of stakeholder management and their role in a business organization. It is
expected that if the stakeholders manages their role in the projects then the objectives can be easily
reached within he estimated time phase and budget.
Bilgihan, A., Nusair, K., Okumus, F., & Cobanoglu, C. (2015). Applying flow theory to booking
experiences: An integrated model in an online service context. Information &
Management, 52(6), 668-678.
This particular article is focused on application of flow theory for booking experience. This is an
integrated model that helps to design online service context. The interaction between the users and
the websites are very important thing to be considered to create commercial opportunities and long
term sustainability. The purpose of this study is to define and examine the relationship between the
concept of experience of the online consumer and flow. It has been found that in order to reach the
preliminarily designed objectives, this theoretical model is needed to be designed. Positive
experience and feedback from the consumers increases the brand quality and add-on values to its
service.
Bilgihan, A., & Bujisic, M. (2015). The effect of website features in online relationship
marketing: A case of online hotel booking. Electronic Commerce Research and
Applications, 14(4), 222-232.
The essence of the above journal implies the effect of website and online booking relationship
marketing. The hedonic features for the website have stronger significant effect on the effective
commitment. However, for promoting the online booking systems proper promotional activities with
the help of the social media marketing are also necessary to be done. Though the design or the
usability features of the online booking system is the most important thing to be considered to grab
more consumers and also for retaining the existing consumers. E-loyalty from the consumers and the
service providers are important ky factors that leads an online booking system towards success.
b. Develop a closure checklist that the project team will use to ensure that the project has been
closed properly. – 3 marks Refer also to chapter 12
The testing of the online stud farm management system is completed
All the documents associated to the project are properly reviewed and approved
The requirements traceability matrix is checked
Most of the identified risks are resolves and some risk management plans are evolved to
mitigate some of the risks are
The project handover is on progress
The training and development program arranged for the project team members are completed
c. Develop a project evaluation –outline and discuss how your project’s MOV will be evaluated. – 3
Marks chapter 12
The Measurable organizational value (MOV) of Online Stud Farm management system will be
evaluated by the project manager. The project manager is responsible to monitor and control the
progress of the project in a professional level. After studying the entire project document the PM
will give review on the document and lastly a proper checklist will be created which is needed for
stakeholder signoff.
All the documents associated to the project are properly reviewed and approved
The requirements traceability matrix is checked
Most of the identified risks are resolves and some risk management plans are evolved to
mitigate some of the risks are
The project handover is on progress
The training and development program arranged for the project team members are completed
c. Develop a project evaluation –outline and discuss how your project’s MOV will be evaluated. – 3
Marks chapter 12
The Measurable organizational value (MOV) of Online Stud Farm management system will be
evaluated by the project manager. The project manager is responsible to monitor and control the
progress of the project in a professional level. After studying the entire project document the PM
will give review on the document and lastly a proper checklist will be created which is needed for
stakeholder signoff.
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Part Six: References
Bilgihan, A., & Bujisic, M. (2015). The effect of website features in online relationship marketing: A
case of online hotel booking. Electronic Commerce Research and Applications, 14(4), 222-
232.
Bilgihan, A., Nusair, K., Okumus, F., & Cobanoglu, C. (2015). Applying flow theory to booking
experiences: An integrated model in an online service context. Information &
Management, 52(6), 668-678.
Binder, J. (2016). Global project management: communication, collaboration and management across
borders. Routledge.
Boud, D., Cohen, R., & Sampson, J. (Eds.). (2014). Peer learning in higher education: Learning from
and with each other. Routledge.
Eskerod, P., Huemann, M., & Savage, G. (2015). Project stakeholder management—past and
present. Project Management Journal, 46(6), 6-14.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management. Project
Management Institute.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management. Project
Management Institute.
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach. Routledge.
Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt Assn.
Hornstein, H. A. (2015). The integration of project management and organizational change
management is now a necessity. International Journal of Project Management, 33(2), 291-
298.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Mir, F. A., & Pinnington, A. H. (2014). Exploring the value of project management: linking project
management performance and project success. International journal of project
management, 32(2), 202-217.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Turner, R. (2016). Gower handbook of project management. Routledge.
Verzuh, E. (2015). The fast forward MBA in project management. John Wiley & Sons.
Walker, A. (2015). Project management in construction. John Wiley & Sons.
Bilgihan, A., & Bujisic, M. (2015). The effect of website features in online relationship marketing: A
case of online hotel booking. Electronic Commerce Research and Applications, 14(4), 222-
232.
Bilgihan, A., Nusair, K., Okumus, F., & Cobanoglu, C. (2015). Applying flow theory to booking
experiences: An integrated model in an online service context. Information &
Management, 52(6), 668-678.
Binder, J. (2016). Global project management: communication, collaboration and management across
borders. Routledge.
Boud, D., Cohen, R., & Sampson, J. (Eds.). (2014). Peer learning in higher education: Learning from
and with each other. Routledge.
Eskerod, P., Huemann, M., & Savage, G. (2015). Project stakeholder management—past and
present. Project Management Journal, 46(6), 6-14.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management. Project
Management Institute.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management. Project
Management Institute.
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach. Routledge.
Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt Assn.
Hornstein, H. A. (2015). The integration of project management and organizational change
management is now a necessity. International Journal of Project Management, 33(2), 291-
298.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Mir, F. A., & Pinnington, A. H. (2014). Exploring the value of project management: linking project
management performance and project success. International journal of project
management, 32(2), 202-217.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Turner, R. (2016). Gower handbook of project management. Routledge.
Verzuh, E. (2015). The fast forward MBA in project management. John Wiley & Sons.
Walker, A. (2015). Project management in construction. John Wiley & Sons.
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