3 PROJECT MANAGEMENT 1. Part One The measurable organization value provides a clear definition of the success and the objectives of the project (Martinelli & Milosevic, 2016). The goal of this project is to develop an application and a website that will help the crop growers and the buyers in easier dealing with the warehoused grains. The desired areas that the project will have an impact on include customer, operational, financial and strategy. The ranking of the area of impact according to their importance are as follows- Area of ImpactRanking Customer1 Operational2 Financial3 Strategy4 The values that i-crop application development project will bring to the company are as follows- Do More: The Company wants to continue its growth by improving the ease of access and management of the warehoused grains by development of an online website and a smartphone application. Faster:With the use of online website the buyers and the growers will be able to easily deal with the warehoused grains thus increasing the efficiency of the process. The metrics that will help in easier measurement of the measurable organizational value are as follows-
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4 PROJECT MANAGEMENT 1. It is to be checked whether the project has been able to fulfill the required deliverables. 2. It is to be ensured that no scope creep has occurred in the project. The timeframe for achieving the MOV will be 5 months from the start date of the project. 2. Part Two 2.1. Scope and Scope management It is essential to identify the scope of the project. For efficient scope management it is essential to identify the accurate scope of the project. The main aim or scope of this project is to develop and implement the website and the application in an inexpensive manner and therefore the scope management in this project is essential (Desmond, 2014). As a part of scope management, it is necessary to ensure that the project does not suffer scope creep. Furthermore, resource management is quite vital for implementation of this project (Rolstadås,Tommelein, Morten Schiefloe & Ballard, 2014). The list of resources associated with this project is represented in the following section. 2.2. List of Resources The resources associated with this project are as follows- Resource NameTypeMax. UnitsStd. RateCost/Use Project ManagerWork100%$95.00/hr$0.00 Resource ManagerWork100%$40.00/hr$0.00 Functional ManagerWork200%$35.00/hr$0.00 Supervisor From GlobexWork200%$40.00/hr$0.00 Supervisor from VirtuconWork100%$65.00/hr$0.00 Virtucon Coding TeamWork1,000%$30.00/hr$0.00 Virtucon Testing TeamWork200%$30.00/hr$0.00 Database AdministratorWork100%$30.00/hr$0.00
5 PROJECT MANAGEMENT Software licensing FeeMaterial$0.00$75,000.00 Website and Application LaunchMaterial$0.00$50,000.00 Virtucon Training TeamWork400%$20.00/hr$0.00 ArchiveMaterial$0.00$5,000.00 Document handlerWork100%$15.00/hr$0.00 3. Part Three 3.1. Milestone The major milestones associated with this project are as follows- M1: Requirements and the Specification of the project are gathered M2: Preparation and Approval of Project Plan M3: Successful application and website development M4: Completion of Testing and Bug Fixing M5: Successful Project Release M6: Project Closes 3.2. Activities/tasks The list of activities or tasks the project will fulfill are as follows- WBSTask Name 0i-Crop Project Implementation 1Initiation Phase 1.1Setting up a meeting with the Clients 1.2Identification of the Requirement specifications 1.3Specification documentation
6 PROJECT MANAGEMENT 1.4Documenting the findings 1.5M1: Requirements and the Specification of the project are gathered 2Project Planning 2.1Setting the structure of Project Plan 2.2Project Scheduling 2.3Project Budget Estimation 2.4Resource Estimation 2.5Resource Allocation 2.6M2: Preparation and Approval of Project Plan 3Project Implementation 3.1Interface Designing 3.2Software Coding 3.3Database Designing 3.4Linking with the database 3.5Documentation 3.6M3: Successful application and website development 4Testing 4.1Unit Testing 4.2System testing 4.3User acceptance testing 4.4Bug Fixing (if any) 4.5M4: Completion of Testing and Bug Fixing 5Website and Application Go Live and Training 5.1Website and Application Demonstration 5.2Training and Maintenance 5.3Post Launch Support 5.4M5: Successful Project Release 6Project Closure 6.1Document archival 6.2Payment Completion 6.3Resource Release 6.4Project Evaluation 6.5Client Sign off 6.6M6: Project Closes 3.3. Resource Assignments
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7 PROJECT MANAGEMENT The Resources that has been assigned to each of the tasks or activities in the project is represented in the following table- WBSTask NameResource Names 0i-Crop Project Implementation 1Initiation Phase 1.1Setting up a meeting with the ClientsFunctional Manager 1.2Identification of the Requirement specificationsProject Manager, Functional Manager 1.3Specification documentationArchive[1],Document handler 1.4Documenting the findingsDocument handler 1.5 M1: Requirements and the Specification of the project are gathered 2Project Planning 2.1Setting the structure of Project PlanSupervisor from Virtucon, Supervisor From Globex 2.2Project SchedulingFunctional Manager, Supervisor From Globex 2.3Project Budget EstimationSupervisor From Globex 2.4Resource EstimationResource Manager 2.5Resource AllocationResource Manager 2.6M2: Preparation and Approval of Project Plan 3Project Implementation 3.1Interface DesigningVirtucon Coding Team 3.2Software CodingVirtucon Coding Team, Website and Application Launch[1] 3.3Database DesigningVirtucon Coding Team, Software licensing Fee[1],Database Administrator 3.4Linking with the databaseVirtucon Coding Team, Database Administrator 3.5DocumentationArchive[1],Document handler 3.6M3: Successful application and website development 4Testing 4.1Unit TestingVirtucon Testing Team 4.2System testingVirtucon Testing Team 4.3User acceptance testingVirtucon Testing Team 4.4Bug Fixing (if any)Virtucon Testing Team 4.5M4: Completion of Testing and
8 PROJECT MANAGEMENT Bug Fixing 5Website and Application Go Live and Training 5.1Website and Application Demonstration Virtucon Training Team ,Functional Manager 5.2Training and MaintenanceVirtucon Training Team ,Functional Manager 5.3Post Launch SupportFunctional Manager,Virtucon Training Team 5.4M5: Successful Project Release 6Project Closure 6.1Document archivalArchive[1],Document handler 6.2Payment CompletionArchive[1] 6.3Resource ReleaseProject Manager 6.4Project EvaluationFunctional Manager, Project Manager 6.5Client Sign offProject Manager 6.6M6: Project Closes 3.4. Estimates for Each Activity The time estimates for each activity is represented as follows- Task NameDurationStartFinish i-Crop Project Implementation164 daysTue 02-10-18Fri 17-05-19 Initiation Phase22 daysTue 02-10-18Wed 31-10-18 Setting up a meeting with the Clients6 daysTue 02-10-18Tue 09-10-18 Identification of the Requirement specifications11 daysWed 10-10-18Wed 24-10-18 Specification documentation3 daysThu 25-10-18Mon 29-10-18 Documenting the findings2 daysTue 30-10-18Wed 31-10-18 M1: Requirements and the Specification of the project are gathered 0 daysWed 31-10-18Wed 31-10-18 Project Planning16 daysThu 01-11-18Thu 22-11-18 Setting the structure of Project Plan8 daysThu 01-11-18Mon 12-11-18 Project Scheduling3 daysTue 13-11-18Thu 15-11-18 Project Budget Estimation8 daysTue 13-11-18Thu 22-11-18 Resource Estimation6 daysTue 13-11-18Tue 20-11-18
9 PROJECT MANAGEMENT Resource Allocation1 dayWed 21-11-18Wed 21-11-18 M2: Preparation and Approval of Project Plan0 daysWed 21-11-18Wed 21-11-18 Project Implementation46 daysThu 22-11-18Thu 24-01-19 Interface Designing15 daysThu 22-11-18Wed 12-12-18 Software Coding20 daysThu 13-12-18Wed 09-01-19 Database Designing15 daysThu 13-12-18Wed 02-01-19 Linking with the database13 daysThu 03-01-19Mon 21-01-19 Documentation3 daysTue 22-01-19Thu 24-01-19 M3: Successful application and website development0 daysThu 24-01-19Thu 24-01-19 Testing41 daysFri 25-01-19Fri 22-03-19 Unit Testing8 daysFri 25-01-19Tue 05-02-19 System testing15 daysWed 06-02-19Tue 26-02-19 User acceptance testing10 daysWed 27-02-19Tue 12-03-19 Bug Fixing (if any)8 daysWed 13-03-19Fri 22-03-19 M4: Completion of Testing and Bug Fixing0 daysFri 22-03-19Fri 22-03-19 Website and Application Go Live and Training32 daysMon 25-03-19Tue 07-05-19 Website and Application Demonstration7 daysMon 25-03-19Tue 02-04-19 Training and Maintenance10 daysWed 03-04-19Tue 16-04-19 Post Launch Support15 daysWed 17-04-19Tue 07-05-19 M5: Successful Project Release0 daysTue 16-04-19Tue 16-04-19 Project Closure23 daysWed 17-04-19Fri 17-05-19 Document archival3 daysWed 17-04-19Fri 19-04-19 Payment Completion7 daysMon 22-04-19Tue 30-04-19 Resource Release3 daysWed 01-05-19Fri 03-05-19 Project Evaluation10 daysMon 06-05-19Fri 17-05-19 Client Sign off1 dayMon 06-05-19Mon 06-05-19 M6: Project Closes0 daysMon 06-05-19Mon 06-05-19 The scheduled Gantt Chart for the project is represented in the following picture-
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11 PROJECT MANAGEMENT Figure 1: Representing the Gantt Chart of the project (Source: Generated by Author using MS project) The work activities marked in red in the Gantt chart above depict the critical path of the project The Work breakdown Structure of the project is as follows- i-Crop Project Implementation Initiation Phase Setting up a meeting with the Cleints Identification of the Requirmenet specifications Specification documentation Documenting the findingsM1: Requirements and the Specification of the project are gathered Project Planning Setting the structure of Project Plan Project Scheduling Project Budget Estimation Resource Estimation Resource Allocation M2: Preparation and Approval of Project Plan Project Implementation Interface Designing Software Coding Database Designing Linking with the database Documentation M3: Successful application and website development Testing Unit Testing System testing User acceptance testing Bug Fixing (if any)M4: Completion of Testing and Bug Fixing Website and Application Go Live and Training Website and Application Demonstration Training and Maintaianance Post Launch Support M5: Successful Project Release Project Closure Document archival Payement CompletionResource Release Project Evaluation Client Sign off M6: Project Closes Figure 2: Representing the work breakdown structure of the project (Source: created by author using MS schedule Pro) 3.5. Project Budget The estimated budget of the project is as follows- Task NameDurationResource NamesCost i-Crop Project Implementation164 days$231,960.00 Initiation Phase22 days$18,720.00 Setting up a meeting with the Clients6 daysFunctional Manager$1,680.00 Identification of the Requirement specifications11 daysProject Manager, Functional Manager$11,440.00 Specification documentation3 daysArchive[1],Document handler$5,360.00 Documenting the findings2 daysDocument handler$240.00
12 PROJECT MANAGEMENT M1: Requirements and the Specification of the project are gathered 0 days$0.00 Project Planning16 days$13,320.00 Setting the structure of Project Plan8 daysSupervisor from Virtucon, Supervisor From Globex$6,720.00 Project Scheduling3 daysFunctional Manager, Supervisor From Globex$1,800.00 Project Budget Estimation8 daysSupervisor From Globex$2,560.00 Resource Estimation6 daysResource Manager$1,920.00 Resource Allocation1 dayResource Manager$320.00 M2: Preparation and Approval of Project Plan0 days$0.00 Project Implementation46 days$152,200.00 Interface Designing15 daysVirtucon Coding Team$3,600.00 Software Coding20 days Virtucon Coding Team, Website and Application Launch[1] $54,800.00 Database Designing15 days Virtucon Coding Team, Software licensing Fee[1],Database Administrator $82,200.00 Linking with the database13 daysVirtucon Coding Team, Database Administrator$6,240.00 Documentation3 daysArchive[1],Document handler$5,360.00 M3: Successful application and website development 0 days$0.00 Testing41 days$9,840.00 Unit Testing8 daysVirtucon Testing Team$1,920.00 System testing15 daysVirtucon Testing Team$3,600.00 User acceptance testing10 daysVirtucon Testing Team$2,400.00 Bug Fixing (if any)8 daysVirtucon Testing Team$1,920.00 M4: Completion of Testing and Bug Fixing0 days$0.00 Website and Application Go Live and Training32 days$14,080.00 Website and Application Demonstration7 daysVirtucon Training Team ,Functional Manager$3,080.00 Training and Maintenance10 daysVirtucon Training Team ,Functional Manager$4,400.00 Post Launch Support15 daysFunctional Manager, Virtucon Training Team$6,600.00
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13 PROJECT MANAGEMENT M5: Successful Project Release0 days$0.00 Project Closure23 days$23,800.00 Document archival3 daysArchive[1],Document handler$5,360.00 Payment Completion7 daysArchive[1]$5,000.00 Resource Release3 daysProject Manager$2,280.00 Project Evaluation10 daysFunctional Manager, Project Manager$10,400.00 Client Sign off1 dayProject Manager$760.00 M6: Project Closes0 days$0.00 4. Part Four 4.1. Assumptions Foraccurateprojectimplementationcertainprojectassumptionsaremade.These assumptions are as follows- 1. It is assumed that the project can be completed in a constricted budget 2.Itisassumedthattheresourceswillremainavailablethroughouttheproject implementation phase. 4.2. Project Risks There are certain risks associated with the implementation of the project which are as follows (Pritchard & PMP, 2014)- 1. Risk of improper scheduling 2. Risk of inaccurate coding 3. Risk of resource shortage
14 PROJECT MANAGEMENT 4. Budget Risk (Serrador & Turner, 2014).) 5. Risk of scope creep These risks are analyzed in the following section 4.3. Risk Analysis The project risk are analyzed in the following table- RiskResponsibilityMitigation strategy Riskofimproperscheduling (Hopkin, 2018) Project ManagerRisk Avoidance Risk of inaccurate codingCoding TeamRisk Reduction Risk of resource shortageResource ManagerRisk Transfer Budget RiskProject ManagerRisk Reduction Risk of scope creepProject ManagerRisk Accept 5. Part Five: Quality Management Plan Quality management is one of the most significant aspects of the project. Quality managementensuresthataparticularprojectwillbedeliveredaccordingtothegiven specifications. For accurate quality management, verification and validation activities will be implemented in the project. The identified verification and the validation activities are as follows- 1. Specification Review 2. Code Review
15 PROJECT MANAGEMENT 6. Part Six 6.1. Closure Checklist Closure checklist is an important tool that enables the project manager to ensure that the project has been appropriately implemented (Aven, 2016). The project checklist for this project will have following components- Checking whether the deliverables of the project are met Documenting the Reports Release of the resources Procurement completion Project sign off 6.2. Project Evaluation Project evaluation is important for project management as that standard of the project is validated by project evaluation (refer to appendix).The project validation activities that will be followed in the project are as follows (Badewi, 2016)- 1. The objectives of the project are reviewed and will be matched to the project implementation (Lech, 2013) 2. The specification of the application and the website that is developed will be reviewed.
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16 PROJECT MANAGEMENT References Aven, T. (2016). Risk assessment and risk management: Review of recent advances on their foundation.European Journal of Operational Research,253(1), 1-13. Badewi, A. (2016). The impact of project management (PM) and benefits management (BM) practicesonprojectsuccess:Towardsdevelopingaprojectbenefitsgovernance framework.International Journal of Project Management,34(4), 761-778. Davis,K.(2014).Differentstakeholdergroupsandtheirperceptionsofproject success.International journal of project management,32(2), 189-201. Desmond, C. (2014). Project management tools.IEEE Engineering Management Review,42(4), 11-12. Hopkin,P.(2018).Fundamentalsofriskmanagement:understanding,evaluatingand implementing effective risk management. Kogan Page Publishers. Lech,P.(2013).Time,budget,andfunctionality?—ITprojectsuccesscriteria revised.Information Systems Management,30(3), 263-275. Martinelli, R. J., & Milosevic, D. Z. (2016).Project management toolbox: tools and techniques for the practicing project manager. John Wiley & Sons. Martinsuo, M. (2013). Project portfolio management in practice and in context.International Journal of Project Management,31(6), 794-803. Pritchard, C. L., & PMP, P. R. (2014).Risk management: concepts and guidance. Auerbach Publications.
17 PROJECT MANAGEMENT Rolstadås, A., Tommelein, I., Morten Schiefloe, P., & Ballard, G. (2014). Understanding project successthrough analysisof projectmanagementapproach.Internationaljournal of managing projects in business,7(4), 638-660. Serrador, P., & Turner, J. R. (2014). The relationship between project success and project efficiency.Procedia-Social and Behavioral Sciences,119, 75-84. Todorović, M. L., Petrović, D. Č., Mihić, M. M., Obradović, V. L., & Bushuyev, S. D. (2015). Projectsuccessanalysisframework:Aknowledge-basedapproachinproject management.International Journal of Project Management,33(4), 772-783.
18 PROJECT MANAGEMENT Appendix Annotated Bibliography Martinsuo,M.(2013).Projectportfoliomanagementinpracticeandin context.International Journal of Project Management,31(6), 794-803. According to Martinsuo (2013), one of the important aspects of project management is appropriate project evaluation. The technique of project evaluation is mainly based on the evaluating whether the project has worked according to the desired objectives or not. It is essential to understand that the importance of project evaluation in project management. Project portfolio management is an important aspect for project management and it further helps in project evaluation as well. The process project evaluation helps deals with the systematic analysis of tasks and the activities associated with a project. Every aspect of a project is measured in the project evaluation phase with appropriate tools and techniques. It is essential to understand the process of project evaluation as it differs in different project. For information technology project, project evaluation is an important phase and it ensures accurate project delivery. The reports generated in this phase helps in easier identification of all the vital activities associated with a project and helps in its easier delivery as well. The main aim of project evaluation phase is to verify and validate the different tasks and the activities associated with a project. In project evaluation phase, each activities and aspect of the project is accurately measured. Davis,K.(2014).Differentstakeholdergroupsandtheirperceptionsofproject success.International journal of project management,32(2), 189-201.
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19 PROJECT MANAGEMENT According to Davis (2014), stakeholders are an important part of project management and therefore, keeping the stakeholders engaged is an important aspect of project management. For this, the project should incorporate all the requirements as specified by the stakeholders of the project. The project evaluation phase checks and ensures whether all the requirements of the project are met. The reports that are generated in the project evaluation phase are generally shared with the project stakeholders. Appropriate report generation is one of the important aspects of project evaluation and therefore, the project evaluation phase is considered to be one of the most vital stages of the project. It is therefore essential to ensure that the project is appropriately implemented and the project evaluation phase is correctly followed. The project evaluation phase can be divided into three major phase, which are pre project evaluation, ongoing, post project evaluation. In each of the phases of project evaluation, the requirement of the project along with the specifications is verified that helps in easier report generation.Thus project evaluation is one of the most important phases of project management. Todorović, M. L., Petrović, D. Č., Mihić, M. M., Obradović, V. L., & Bushuyev, S. D. (2015). Project success analysis framework: A knowledge-based approach in project management.International Journal of Project Management,33(4), 772-783. According to Todorović, Petrović, Mihić, Obradović & Bushuyev (2015), the success of a project largely depends on accurate project evaluation. The project evaluation process is important for managing the project closure phase. The success of the project largely depends on accurate project closure, which can be achieved by successful project implementation. Project evaluation is one of the most essential phases of project management since it ensures appropriate project delivery by matching the delivered project with the specifications of the project. Project managerismainlyresponsibleforarrangingtheprojectevaluation.Itisthereforethe
20 PROJECT MANAGEMENT responsibility of the project manager to ensure that the project is successfully implemented and the delivered project meets its specifications. Thus project evaluation is important for project management as it is one of the most important techniques for ensuring project success. The validation along with the verification activities in the project is mainly performed in the project implementationstage.Thusaccurateprojectimplementationandprojectevaluationisan important factor of project management and every project should undertake project evaluation.