1.Part One:(15 Marks) 1.1 MOV - Measurable Organisational Value (5 Marks) 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 ImpactRank (1 to 5) Strategy: In past few years within the rural community the Stud farms is growing very much rapidly. Therefore, it is the responsibility of the project manager to take necessary actions for improving their existing business strategies to gain competitive advantages and measurable revenue as well. Moreover, in order to make sure that the true percentages of through breed is completely balanced in the New South Wales. In order to improve the business and operation strategy the total tome that may be required is 2 months. 1 Customer: Due to highly growing speed of the online booking system of Stud Farm it has been confirmed that it can gain more number of consumers from New South Wales and also from various locations. In order to grab more number of consumers the total tome that may be required is 4 months. 2 Financial:With the implication of online booking system Stud Farm will be able to minimize cost the work schedule and worker’s performance. Thus, financially the company will be able to gain effective benefits and commercial success as well. In order to gain competitive advantages and commercial success from the market place the total tome that may be required is 3 months. 4 Operational: The net cost of system operation will cut down with the adoption of proper system operation. The time for response and the overall time of processing also get reduced with 3
advanced technical excellence. In order to improve the business operation the total tome that may be required is 1 months. Social: With the help of the online booking system the communication approach among the project manager and the project team members will increase a lot and thus the overall efficiency of the Stud Farm management system will eventually raise a lot. In order to promote the online management system the company should take social support in terms of social media network. For improving the social excellence by 15% 6 months will be required. 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 - is improving quality important to your client? Faster - does your client want to increase efficiency? Cheaper - is cutting costs important? Do more - does your client want to continue its growth? The online management system developed by Stud Farm is required to be unique one and for the clients that must have user friendly nature so that the consumers can efficiently use the system for necessary booking. Fort this particular system the two different types of values those are assigned include faster and cheaper. Better: The business strategies that has been developed for the stud Farm management system is required to be better than the existing one. It can be said that with the successful combination of efficiency and strategy the Stud Farm will be able to able to deliver a much better service for the consumers of New South Wales. Faster:Apart from this the other value that has been considered for Stud farm area of impact is faster. It implies that the online booking system should have to be faster than traditional booking system. Previously the company used to have traditional booking system which was not at all reliable, flexible. With the new online bookimg system the
processing time will become lesser and the overall system processing will become much faster. It will help to give service to more number of consumers within a smaller time range which was not possible in traditional booking phase. 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. StakeholdersTargetExpectation Project managerThe target of the project manager is to give a user friendly and commercially beneficial online booking system to their consumers. To gain effective commercial profit and competitive advantages from the marketplace. GovernmentThe target of the government is to deliver proper service to the consumers to prevent them to go outside New South Wales (NSW) for their To obtain measurable revenue and profit from the external and internal competitive market. System developerTarget is to develop an effective, faster and secured system for the consumers. To gain high marginal profit from the system. Requirements suppliersTo deliver necessary requirements (hardware, software and network) so that the Stud Farm can develop an error free system for the consumers. To collect profit from the Stud Far company where they are delivering the requirements. Determine the timeframe for achieving the MOV - ask yourselves, when do we want to achieve this target metric? From the overall system requirements and the other necessary actions those have been planned and expected to be obtained from the outcome of the online stud farm management system it can be said that total 8 months will be enough for the successful accomplishment of the online system. It is also defined that, for minimizing the workload from the project team members the overall project is divided in small segments and for individual segment resources are allocated. •Part Two: (10 Marks) Scope (minimal 10 items) – 10 Marks Requirements are gathered and documented Design and Develop the prototype of the online booking system Test and Implement the designed architecture of the stud Farm booking system Reports are implemented based on the project requirements. Support the system through warranty period of 24 months. To implement a secured online booking system for the consumers of New South Wales To deliver a low cost solution to the consumers
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
The system will be faster and better and the overall processing of the system will be absolutely free of errors The consumers associated to the system will feel free to spend many times with the system The system will be able to keep all the relevant information completely up to date. Out of Scope The company does not have any additional system based features There is no post system maintenance plan is develop for the online stud Farm management system Assumptions It is assumed that the online system developed for Online Stud Farm will be completed within estimated time and budget. The project manager and the project team members will take all necessary actions for the successful accomplishment of the project. Motivational speech will be delivered to the project team members to keep the engaged to their job roles. It is also assumed that system will be able to store proper up to date information and jeep them safe from the external attackers. The operational cost and the response time from the clients end will be minimized. All the ethical consideration is undertaken for the successful implementation of the online booking system. Constraints For this project proper project triple constraints are considered such as scope, time and budget. It is expected that for the successful implementation of the project, 8 months will be needed for designing and testing system. On the other hand, the total budget estimated for the system is $80,000. Not necessarily the overall estimated cost and the planned cost will be similar, this may vary a little whether exceed or may less budget will be required for the implementation. However, the role of the project manager and the project team members are to complete the project within the estimation with all necessary technical applications. Scope Management Plan – 10 Marks The scope for this particular online booking system is to deliver a secured efficient, user friendly, reliable, flexible system to the consumers. This low cost solution is faster than the traditional booking system and the rate of manmade error will be completely resolved with the successful implementation of the online booking system. The rate for data redundancy and data duplicity and memory loss will also be minimized a lot with the online booking system.
Resource Plan (from MS-Project) People (and their roles), plus any extra personnel that is required for the project – Project screenshot. Figure: Resource allotted for the project Source: created by author) Technology - any hardware, network and software needs to support the team and your client. HardwareRAM, ROM, processor, hard drives, memory, sound cards, laptop or PC, wireless devices. SoftwareSever side scripting language, database, storage, application software to run the applications accurately. NetworkEthernet, TCP/IP model, etc. Facilities - where will most of the teamwork be situated? After analysing the details of the facilities it has been found that, most of the teamwork for the online stud Farm will be situated in onsite ad not offsite. Other - for example, travel, training etc. Travel RequirementsTicket
Return ticket Passport for the external consumers (unexpired) Visa (unexpired) Training RequirementsOn job training Onsite training Offsite training Technical and cultural training 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) Milestone1: Completion of project initiation phase 0 daysFri 8/3/18Fri 8/3/1811,12project manager$0.00 Milestone 2: Completion of project planning phase 0 daysWed 1/9/19 Wed 1/9/1929system tester$0.00 Milestone 3: Completion of project development phase 0 daysWed 1/9/19 Wed 1/9/1929system tester$0.00 Milestone 4: Completion of final planning phase 0 daysThu 3/28/19 Thu 3/28/1939project manager$0.00 Milestone 5: Completion of project closure phase 0 daysThu 4/4/19Thu 4/4/1944project manager$0.00 Activities / Tasks(4 marks) Task NameDurationStartFinishPredecessorsResource NamesCost OSFMS project schedule240 daysFri 5/4/18Thu 4/4/19$74,624.00 Initiation phase66 daysFri 5/4/18Fri 8/3/18$19,400.00 Planning for9 daysFri 5/4/18Wedoperation$2,304.00
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Budget specificationfinance manager Software requirementssoftware requirements Hardware requirement identificationhardware requirements Network suppliers specificationnetwork requirements Milestone 2: Completion of planning phaseproject manager Project development phase System prototype designapplication programming manager Prototype specificationsystem developer, coder Installing all applicationsystem designer, team leader IT infrastructure development for the Stud Farmsystem designer, coder Unit testingsystem designer Integration testingsystem tester Acceptance testing of the systemsystem tester Milestone 3: Completion of project development phasesystem tester Final phase of the project plan Risk management planHR manager On job trainingHR manager Review the planapplication programmig manager Document developmentoperation managre Review completionproject team members Desired area identificationproject team members Final approval of the projectproject sponsor Change managementapplication programming manager Document modificationfinance manager Milestone 4: Completion of final planning phaseproject manager Closure phase Stakeholder signoffHR manager, team leader Final document submissionoperation manager, team leader Milestone 5: Completion of project closure phaseproject manager Estimates for Each Activity / Task (3 Marks)
Figure 2: Gantt chart for the project (Source: created by author)
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Part Four: (15 Marks) Assumptions - Document any assumptions you have made about the project (5 Marks) For this particular project certain assumptions are undertake and the project manager and all the project team members are required to follow all criteria to meet the targeted assumptions. It is assumed that for the successful accomplishment of the project Total $80,000 will be required and Within 8 months the online booking system will be prepared On the other hand, mobile app will also be designed to increase the number of users and technical advances accordingly It s also assumed that, the project will be able to deliver offices and data centre as a facility to the consumers. 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 Risk ID DescriptionProbabilityImpactRateAssigned ToResponse Strategy Threat or Opportunity 12Technical risk: Technical risk is a major risk for any online project. If proper technical advances and security aspects are not considered then the entire project will be a failure. 90%5 1- HighProject manager For developing the online system all necessary technical advances should be adopted and applied. It is the responsibility of the project manager to develop proper project risk management plan so that the identified risks can b avoided and resolved accordingly. Will help to develop an error free reliable online booking system for the consumers. 10Resource risks: Due to improper allocation 80%3HighResource manager Based on the project requirements proper resources Will reduce the extra cost that may interrupt
of the project resources (human, physical) serious risk may occur in the Stud Farm. should be allocated in the project initiation phase. the success of the online booking system. 11Security risks 90%5HighSecurity manager Proper encryption and application firewall should be used by the system developer while developing the online booking system for Stud Farm. For high level security more consumers will be attracted to the system. 8Budget risk75%3MediumFinance manager The finance manager should make a feasibility study to make sure that, the project is meeting the requirements and the project is beneficial from the users and business end. Will help to design a cost effective and low cost solution for the consumers. 9Insufficient skills and knowledge 80%5HighHR managemen t Professional on-job and technical training should be developed and arranged. The technical skills of the project team members will grow. 6Investment risks 90%5HighSponsorsThe project sponsors should deliver proper capital investment for the successful implementation of the project. All required technical and non technical requirement can be added to the system.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Part Five: (15 Marks) A short statement that reflects your team’s philosophy or objective for ensuring that you deliver a quality system to your client. – 3 Marks The philosophy of the project team is to deliver an accurate, flexible, reliable, secured and low cost solution to the consumers of New South Wales (NSW). It is expected that with the successful implementation of the online booking system the issue of traditional manual booking will be completely minimized. Develop and describe the following that your project team could implement to ensure quality; A set of verification activities ( - 6 Marks) Verification ActivityWhen? Review of the specification of the system Development phase Review the resource allocated for the system Development phase Review the prototype f the systemDevelopment phase Walkthrough the requirement specification Development phase Inspecting of the requirementsDevelopment phase Inspection of prototypeDevelopment phase A set of validation activities (-6 Marks) Validation ActivityWhen? Resource testingTesting phase Requirement testingTesting phase Prototype testingTesting phase Unit testingTesting phase Integration testingTesting phase Acceptance testingTesting phase
Part Six: 550 words (10 Marks) Closure and EvaluationResearching for the closure checklist and project evaluation a. To prepare for this task, you will be required to provide an annotated bibliography. – 3 marks 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. This journal reflects the relationship between the website features and online booking. According to the journal it has been defied that, hedonic features of the website have a much strong and significant effect on the consumer’s commitment. In the calculative commitment how the features put significant impact are also developed in this journal. In additional to this, for developing online relationship with marketing the websites are needed to be very much attractive. Attractive design will allow more consumers to the online booking system. Ozturk, A. B., Bilgihan, A., Nusair, K., & Okumus, F. (2016). What keeps the mobile hotel booking users loyal? Investigating the roles of self-efficacy, compatibility, perceived ease of use, and perceived convenience.International Journal of Information Management,36(6), 1350-1359. The essence if this particular journal defines the risk of consumer’s loyalty in case of online booking. The roles of self efficacy, perceived ease, compatibility in online booking are also elaborated in this journal. From the analytical result it is found that, mobile technology improved the consumers booking rate due to its high reliability and time management. The online booking is available for the consumers regardless of the time and location. With mobile app the booking systems will gain competitive advantages and commercial revenues as well. Bilgihan, A., Sukhu, A., & Kandampully, J. (2015). The role of website features in creating loyalty: The mediating effect of commitment. InHospitality, Travel, and Tourism: Concepts, Methodologies, Tools, and Applications(pp. 780-794). IGI Global. This article reflects the role of website features for creating high level loyalty of the consumers. The customer values, vendor’s demands and the consumer’s loyalty will increase a lot with the design of the online booking system. E-shopping increases the system reliability and flexibility. This modern implication increases the brand value and consumer value altogether. 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 has been completed Document review and approval are done Requirement matrix is checked by the project manger Risks and issues are resolved Project document is handed over On-job training is completed
c. Develop a project evaluation –outline and discuss how your project’s MOV will be evaluated. – 3 Marks chapter 12 All the area of impact and the values are properly measured and accounted in this report. It has been found that the requirements are accurately analysed and the necessary resources are utilized for developing the online system for the consumers. In addition to this a risk management and stakeholder’s management matrix are also evolved in this report.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Part Six:References(10 Marks) Badescu, A. L., Lan, G., Lin, X. S., & Tang, D. (2015). Modeling correlated frequencies with application in operational risk management.Badescu, A., Gong, L., Lin, XS and Tang, D.(2015). Modeling correlated frequencies with applications in operational risk management, Journal of Operational Risk,10(1), 1-43. Bavota, G., De Lucia, A., Fasano, F., Oliveto, R., & Zottoli, C. (2012, June). Teaching software engineering and software project management: An integrated and practical approach. InProceedings of the 34th International Conference on Software Engineering(pp. 1155- 1164). IEEE Press. Beaven, D. F. (2012).U.S. Patent No. 8,095,413. Washington, DC: U.S. Patent and Trademark Office. 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., Sukhu, A., & Kandampully, J. (2015). The role of website features in creating loyalty: The mediating effect of commitment. InHospitality, Travel, and Tourism: Concepts, Methodologies, Tools, and Applications(pp. 780-794). IGI Global. Calderon, A., & Ruiz, M. (2015). A systematic literature review on serious games evaluation: An application to software project management.Computers & Education,87, 396-422. Chen, J., Sohal, A. S., & Prajogo, D. I. (2013). Supply chain operational risk mitigation: a collaborative approach.International Journal of Production Research,51(7), 2186-2199. Christoffersen, P. F. (2012).Elements of financial risk management. Academic Press. Dave, B., Kubler, S., Främling, K., & Koskela, L. (2016). Opportunities for enhanced lean construction management using Internet of Things standards.Automation in construction,61, 86-97. Dyba, T., & Dingsoyr, T. (2015, May). Agile project management: from self-managing teams to large- scale development. In2015 IEEE/ACM 37th IEEE International Conference on Software Engineering(Vol. 2, pp. 945-946). IEEE. Highsmith, J. (2013).Adaptive software development: a collaborative approach to managing complex systems. Addison-Wesley. Jong, T. (2013). Quality management and communication plan. Kuhrmann, M., Kalus, G., & Then, M. (2014). The process enactment tool framework— transformation of software process models to prepare enactment.Science of Computer Programming,79, 172-188. Lam, J. (2014).Enterprise risk management: from incentives to controls. John Wiley & Sons.
Liebowitz, J., & Frank, M. (Eds.). (2016).Knowledge management and e-learning. CRC press. Mateos, R. M., Garcia, I., Reichenbach, P., Herrera, G., Sarro, R., Rius, J., & Aguilo, R. (2016, April). Roadway management plan based on rockfall modelling calibration and validation. Application along the Ma-10 road in Mallorca (Spain). InEGU General Assembly Conference Abstracts(Vol. 18, p. 1754). McNeil, A. J., Frey, R., & Embrechts, P. (2015).Quantitative risk management: Concepts, techniques and tools. Princeton university press. Miller, C., & Ager, A. A. (2013). A review of recent advances in risk analysis for wildfire management.International journal of wildland fire,22(1), 1-14. Nathan, R. J., Chiun, D. C. F., & Suki, N. M. (2017). An Online Marketing Strategies Assessment for Companies in Airlines and Entertainment Industries in Malaysia. InHandbook of Research on Leveraging Consumer Psychology for Effective Customer Engagement(pp. 1-15). IGI Global. Ozturk, A. B., Bilgihan, A., Nusair, K., & Okumus, F. (2016). What keeps the mobile hotel booking users loyal? Investigating the roles of self-efficacy, compatibility, perceived ease of use, and perceived convenience.International Journal of Information Management,36(6), 1350- 1359. Reino, S., Alzua-Sorzabal, A., & Baggio, R. (2016). Adopting interoperability solutions for online tourism distribution: An evaluation framework.Journal of Hospitality and Tourism Technology,7(1), 2-15. Sallis, E. (2014).Total quality management in education. Routledge. Thakurta, R. (2013). A framework for prioritization of quality requirements for inclusion in a software project.Software Quality Journal,21(4), 573-597. Turk, D., France, R., & Rumpe, B. (2014). Limitations of agile software processes.arXiv preprint arXiv:1409.6600.