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Assessment of Project Management 19 Project MANAGEMENT

   

Added on  2020-05-16

25 Pages3977 Words66 Views
Running head: PROJECT MANAGEMENTAssessment: 3Subject: Project managementVirtucon and Globex Scenario (RALS)Name of the student:Name of the university:

1PROJECT MANAGEMENTTable of Contents1. Part one: Measurable Organizational Value............................................................................................31.1 Identifying the desired area of impact....................................................................................................31.2 Different types of values........................................................................................................................41.3 Development of metric..........................................................................................................................41.4 Determining the timeframe for achieving the MOV..............................................................................51.5 Summarizing the MOV..........................................................................................................................62. Part two: Scope management plan...........................................................................................................62.1 Defining scope and producing scope management plan........................................................................62.2 List of resources....................................................................................................................................72.3 Detail of the resources...........................................................................................................................83. Part Three: Work Breakdown Structure...................................................................................................93.1 Work Breakdown Structure...................................................................................................................93.2 Milestones for each project....................................................................................................................93.3 Activity list..........................................................................................................................................103.4 Assigned people and resources to each individual activity..................................................................163.5 Estimation done for each activity........................................................................................................193.6 Development of time phase budget......................................................................................................224. Part Four: Project risk analysis and plan................................................................................................235. Part five: Quality management plan.......................................................................................................245.1 Team’s philosophy..............................................................................................................................245.2 Activities to ensure project quality......................................................................................................246. Part six: Closure checklist and project evaluation..................................................................................256.1 Closure checklist.................................................................................................................................256.2 Project evaluation plan........................................................................................................................25References.................................................................................................................................................26Appendices................................................................................................................................................29Annotated Bibliography............................................................................................................................29

2PROJECT MANAGEMENT1. Part one: Measurable Organizational Value1.1 Identifying the desired area of impactFactorsImpactRankingStrategy In order to develop online ticket booking system forRALS show functional, competitive and operationalbusiness strategies are considered. With the help of thesestrategies the company could gain effective competitiveadvantages. 1Consumer Customer acts as leading marketing catalyst formarketing research, product feedback and to grab newconsumers. With increasing rate of customer satisfactionmeasurable revenue will also enhance. 3Financial With financial support and finance management systembudget forecasting, bookkeeping, reporting, payablesand receivables become possible. 2Operational With operation strategy asset management, HRmanagement and eve cost management also becomepossible. 4Social Social support helps to emphasize the business boundaryand respected areas required to be improved. 51.2 Different types of valuesBetter: The online ticket booking system will give better opportunities to the consumers toaccess the system regardless of their location and time of booking as well. Faster: The online system is found to be faster than the traditional and manual ticket bookingsystem. Cheaper: Due to the growing usage of technology the newly developed advanced ticket bookingsystem is found to be cheaper than the previous system. Strategy: In order to develop the system, the strategies those are needed to be considered includethe operational strategies, functional strategies and business strategies.

3PROJECT MANAGEMENT1.3 Development of metricIn order to conduct RALS event with online ticket booking system the appropriate metricsconsidered by the stakeholders are as follows:MetricsValuesWeightEstimation accuracy It helps to calculateuncertainty, overrunningand under runningprofitability and thepredicted cost as well. EAacts as an indicator that iswidely used for measuringthe variation between variedcost and the estimated cost. 10%Indicators of project success The indicators of projectsuccess used include ROI;cost performance, KPI andemployee satisfaction. 14%Indicators of business successThe indicators used forbusiness success includeattorney, certified publicaccount, and expert ofbranding and marketing andcertified financial planner. 23%Project scorecard Establishes link between theproject level indicators andmanagement experiences. 15%Project performance metricsUsed to divide the earnedvalues.12%Reason code analysis The analytical result ofRCA defines as customersupport centre. 30%1.4 Determining the timeframe for achieving the MOVMOVTimeframeEstimation accuracy 3 months Indicators of project success 1 months Indicators of business success4 months Project scorecard 2 months Project performance metrics5 months Reason code analysis 3 months

4PROJECT MANAGEMENT1.5 Summarizing the MOV Measurable Organizational Value is referred to as a method that was preliminarily used instead ofReturn on Investment process. The method is capable to make comparison between the profit and the costof an exact product or element. The outcome of a project is dependent upon the MOV considered by theproject head initially. Different MOV are considered for developing the online ticket booking system toconduct the RALS event much effectively and it is expected that after successful implication of theseMOV the project will be able to provide successful ad secured outcome. 2. Part two: Scope management plan2.1 Defining scope and producing scope management plan The scopes of the project are as follows:The issues associated to the manual and traditional ticket booking system, are firstlyidentified Both the functional and non functional requirements are needed to be identified Based upon the requirement an online ticket booking system should be producedDevelopment of system prototype The consumers has the ability to select ALS events that they wish to bookTo implement payment gateway for secured online money transaction 2.2 List of resources ResourceNameTypeMaterial LabelInitialsGroupMax.UnitsStd.RateOvt.RateCost/UseAccrueAtBaseCalendar

5PROJECT MANAGEMENTProjectmanager WorkP100%$80.00/hr$60.00/hr$0.00ProratedStandardSoftwaredevelopment team WorkS100%$50.00/hr$50.00/hr$0.00ProratedStandardMarketingteam WorkM100%$50.00/hr$50.00/hr$0.00ProratedStandardSoftwaretesting teamWorkS100%$50.00/hr$50.00/hr$0.00ProratedStandardR &D team WorkR100%$50.00/hr$50.00/hr$0.00ProratedStandardClientmanager WorkC100%$50.00/hr$50.00/hr$0.00ProratedStandardHardware MaterialH$40.00$0.00Proratedsoftware Materials$40.00$0.00Proratedothers Materialo$40.00$0.00ProratedTechnicaltraining WorkT100%$60.00/hr$50.00/hr$0.00ProratedStandard2.3 Detail of the resourcesName of the resourcesDetails of the resources

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