Project Management

This document provides a comprehensive overview of project management, including project plan, impact area, project value, stakeholder expectations, time required, and more. It is a valuable resource for anyone studying or working in the field of project management.

Running head: PROJECT MANAGEMENT
Project Management
Name of Student
Name of University
Author Note

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Table of Contents
Introduction..........................................................................................................................3
Description/Overview..........................................................................................................3
Part One: MOV....................................................................................................................3
1.1. Impact Area..............................................................................................................3
1.2. Project Value............................................................................................................4
1.3. Expectations from Stakeholders...............................................................................5
1.4. Time Required..........................................................................................................5
1.5. Summary...................................................................................................................6
Part Two...........................................................................................................................7
2.1. Scope.........................................................................................................................7
2.2. Resource...................................................................................................................7
Part Three.............................................................................................................................9
3.1. Work Breakdown Structure......................................................................................9
3.2. Milestone and Deliverable......................................................................................10
3.3. Resource allocated..................................................................................................12
3.4. The Budget..............................................................................................................13
Part Four............................................................................................................................16
4.1. Assumptions Considered........................................................................................16
4.2. Identification Framework of Risk...........................................................................16

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4.3. Ownership Strategy of Risk....................................................................................16
Part Five.............................................................................................................................18
5.1. Philosophy of the Team.........................................................................................18
5.2. Verification.............................................................................................................18
5.3. Validation...............................................................................................................18
Part Six...............................................................................................................................19
6.1. Project Closure Checklist.......................................................................................19
6.2. Evaluation of Project MOV....................................................................................20
Bibliography......................................................................................................................21
Appendix............................................................................................................................22
Annotated Bibliography.................................................................................................22

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Introduction
The project plan that is prepared gives a description of mobile application development
project linked with Globex and Virtucon. This particular project plan will identify the
organizational values concerned project and the impact area. The report further discusses the
detailed approaches of project scheduling, cost considerations and the risks concerned with this
particular project.
Description/Overview
A farmers’ support application is to be developed that will collect and demonstrate the
data related to weather. The weather data will help in improving the approaches that are
undertaken to crop crops in the region. The local government will help the team in collecting the
data related to weather.
Part One: MOV
The measurable organization value is necessary for understanding the values or the
benefits that a project team will realize in successful finish of the undertaken project.
1.1. Impact Area
Area of Impact Rank Effect
Financial 1 The financial area is ranked 1
particularly because the project
aims in reducing the financial
loses.
Operational 2 Since a smart mobile application

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is being developed, the product is
considered to have an operational
effectiveness and therefore, it is
ranked 2
Customer 3 Globex is developing an
application for the farmers and
the customers and therefore is
ranked 3
Strategy 4 In this project, a mobile
application is being developed.
Mobile devices are nowadays
accessible to majority of the
individuals and therefore
considered to be an effective
strategy.
Social 5 The entire MBFSA program is
designed for benefit of the
customers and therefore, has a
large social significance.
1.2. Project Value
On evaluation of the project case, the values that are found to be concerned with the
execution and implementation of the MBFSA project include cheaper and faster. Cutting cost is
important as the farmers are experiencing loses due to improper farming practises. The

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Smartphone application that is being deployed aims in faster information storage and transfer
and therefore, this particular project will add value of cheaper and faster to the project team.
1.3. Expectations from Stakeholders
Stakeholders Expectations Target
Virtucon The expectations from this
stakeholder is quite clear as the
stakeholder is in charge of
developing and deployment of
the farmer support application
6 months of completion
Farmers The expectations from this
stakeholder is quite high as they
are the main stakeholders linked
with the project.
Maximum 10 days for training
Globex It is expected that this particular
stakeholder will provide the
needed guidance to Virtucon
Maximum 7 days fro
specification providing
Government It is expected that the information
needed from the government will
be readily supplied.
Maximum 1 month for
information delivery
1.4. Time Required

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Figure 1: The required time for Fulfilment of the MOV
1.5. Summary
MOV Elements Summary
Project Overview The idea behind execution of the project is depicted
in this section
Project Impact The impact the particular project will bring to the
client will be discussed
Project Value The main values of the MBFSA project is
discussed
Stakeholders and their Expectations The main stakeholders in this project and the
expectations from them are identified
Timeframe 6 Months maximum

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Part Two
2.1. Scope
The project scope generally outlines the critical milestone and deliverables of a particular
project. The tasks within scope are required to be executed in an effective manner.
In-scope:
 Prototype delivery within 2 months Final application delivery in 6 months Training a particular group of farmers
Out-Scope:
 Maintenance of the project after delivery The training will be a one-time activity and would not be extended
2.2. Resource

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Figure 2: Resources Considered

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Part Three
3.1. Work Breakdown Structure
One of the assumptions considered in development of the WBS is that the prototype that
will be delivered would be accepted, contributing to the completion of the project within Six
months.
Figure 3: Showing the WBS
Mobile Based
Farmer Support Application.mpp

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3.2. Milestone and Deliverable

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Figure 4: The Deliverables and the Milestone

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Figure 5: The Gantt chart of the MBFSA project
3.3. Resource allocated

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Figure 6: Showing the resources considered for each task
Figure 7: Showing the Overview of the Resources
3.4. The Budget

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Figure 8: Presenting the Project Budget
Figure 9: Representing the Task and Cost Overview

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Part Four
4.1. Assumptions Considered
 The customers (farmers and the wholesalers) have access to smartphone mobile
devices
 No funding issues will arise in execution of the project
4.2. Identification Framework of Risk
Risk Category Framework of Identification
Technical Certain Technical Problems are faced in the project
Financial The budget identified for the project lacks proper
estimation
Operational The application or the development of the product
has performance lags
Quality The expected product quality is not achieved
Schedule The time required for execution of the project went
out of planning.
4.3. Ownership Strategy of Risk
Risks Severity Probability of
Occurrences
Risk Owner
Technical fault in the
application
High High Technical Expert and
Virtucon
Time Issues Medium Medium Globex and Project

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Manager
Budget Issues Low Medium Globex and Virtucon
Quality Issues Medium Medium Virtucon
Operational failure Low Medium Virtucon
Figure 10: The Project Risk Register

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Part Five
5.1. Philosophy of the Team
The team’s philosophy is related to the aim of Virtucon in delivering Globex with a
farmer support application in a low cost and to charge Globex only 50 percent of the
management cost of the MBFSA project.
5.2. Verification
 The project constraints are considered and the fulfilment of the objectives are
evaluated
 Testing the product developed based on the requirements
 Checking the system and the architectural design
5.3. Validation
In validation of the software developed, the V model of verification and validation is
considered.

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Figure 11: The V model of Verification and Validation
As per the V model depicted in the above figure, the different validation activities that
will be followed in this MBFSA project include the user acceptance tests, the system testing, the
integration testing and also the unit testing. The validation activities will start from unit testing.
Part Six
6.1. Project Closure Checklist
Closure elements Yes/No
Testing 
Verification 
Validation 
Evaluation 
Documentation 
Post Project Review Meeting 

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6.2. Evaluation of Project MOV
The achievable MOV of the MBFSA project will be examined and evaluated on
consideration of the planned verification along with validation activities (refer to the appendix).
The closure of this project is largely dependent on successful evaluation.

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Bibliography
Cleden, D. (2017). Managing project uncertainty. Routledge.
Eskerod, P., & Jepsen, A. L. (2016). Project stakeholder management. Routledge.
Heldman, K. (2018). PMP: project management professional exam study guide. John Wiley
& Sons.
Joslin, R., & Müller, R. (2015). Relationships between a project management methodology
and project success in different project governance contexts. International Journal of
Project Management, 33(6), 1377-1392.
Kerzner, H. (2018). Project management best practices: Achieving global excellence. John
Wiley & Sons.
Marcelino-Sádaba, S., Pérez-Ezcurdia, A., Lazcano, A. M. E., & Villanueva, P. (2014).
Project risk management methodology for small firms. International journal of
project management, 32(2), 327-340.
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.
Too, E. G., & Weaver, P. (2014). The management of project management: A conceptual
framework for project governance. International Journal of Project
Management, 32(8), 1382-1394.

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Appendix
Annotated Bibliography
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.
Todorović et al. (2015), identifies the framework that contributes to the success of a
project. Ineffective success analysis of a project is often a result of ineffective project evaluation.
Lack proper project evaluation often result in improper success analysis of a particular project. It
is observed that majority of the business organizations are operating their business by
implementing projects. Therefore, success of any undertaken project is largely dependent on the
process of its execution. Lack of effective understanding of the project implementation approach
often results in its failure and the business strategy as well. Therefore, project evaluation is
crucial for implementing a project in an effective manner. The business organizations who are
keen on implementation of new business strategies within the organization. Therefore, it is
deduced that, project evaluation is important to confirm that an organization is able to accurately
implement a business strategy within the organization. Accurate project evaluation further helps
in analysis of the works that are needed to be executed within the organization. The project
evaluation is concerned with systematic and objective assessment of an ongoing project and the
aim of the project is determination of the relevance and the achievement of the objectives of a
project. Project evaluation is related to increase in the effectiveness, efficiency and impact
sustainability of the project, thus contributing to the project success.

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Marcelino-Sádaba, S., Pérez-Ezcurdia, A., Lazcano, A. M. E., & Villanueva, P. (2014).
Project risk management methodology for small firms. International journal of
project management, 32(2), 327-340.
Marcelino-Sádaba et al (2014), consider the process of project evaluation to be a
systematic assessment of the risk and the implementation approach of an undertaken project. The
process of project and program evaluation is majorly linked with the planning, implementation
and dissemination of the risks and issues in a project. Each phase of project evaluation is based
on the project type that is being implemented. It is crucial to acknowledge the actual requirement
of the project to identify the project evaluation approach. Since project evaluation critically
examines a particular program upon the process of project implementation, the critical
implementation approach, the process significantly helps in risk management. The project
evaluation is significantly based with the process of risk management as the evaluation phase
examines the implementation approach of the project. Therefore, risk management as project
evaluation is generally interrelated for small firms as this phase helps in examination of the
course of work implementation within the organization.
Joslin, R., & Müller, R. (2015). Relationships between a project management
methodology and project success in different project governance
contexts. International Journal of Project Management, 33(6), 1377-1392.
Joslin and Müller (2015), indicate the relationship between project management and
evaluation of a project. Execution of a project is dependent on choice of a particular project
methodology. One prominent factors that is critical to project success, generally involves
evaluation of the major areas of project execution. Evaluation of an undertaken project is

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generally performed in the closure which helps in checking if the project is implemented in an
accurate manner. The output of the project is largely dependent on the plan and the approach that
is considered in managing the same. The project evaluation phase is therefore critical
consideration of management of a project and should be considered for successful fulfilment of
all the operations in a project. The project evaluation establishes the common understanding of
the project execution success, and therefore is dependent on the project success.