This project management assignment covers the development of an online stud farm management system (OSFMS) including scope management plan, work breakdown structure, budget, risk analysis, quality management plan, and closure and evaluation.
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Running Head: PROJECT MANAGEMENT Project Management Assignment 3: OSFMS Name of the Student Name of the University
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1PROJECT MANAGEMENT Table of Contents Part One: MOV – Measurable Organizational Value......................................................................2 Part Two: Scope Management Plan.................................................................................................2 Part Three: Work Breakdown Structure and Budget.......................................................................4 Part Four: Risk Analysis and Plan.................................................................................................13 Part Five: Quality Management Plan.............................................................................................14 Part Six: Closure and Evaluation...................................................................................................14 Bibliography..................................................................................................................................17 Appendix........................................................................................................................................18
2PROJECT MANAGEMENT Part One: MOV – Measurable Organizational Value MOV or Measurable Organizational Value is used to list a set of parameters related to the goal of the project. Desired Area of Impact– There are a number of desired areas in the project but based on the analysis, it can be said that the main desired area is the customer. The entire project has been designed to fulfill the needs of the stud farm managers although Globex also desires to make a significant impact in finance by preparing a sustainable stud farm management system business. Value– The main values of the project are faster and better. The OSFMS is faster and also much more efficient than the manually managed stud farm systems. Metric– Some of the appropriate metrics based on which the project will be evaluated are the cost benefit and business sustainability in terms of annual profit. Timeframe– The estimated time frame is approximately 6 months. Summary of MOV– In this project, within the 6 months time, an online stud farm management system will be delivered that will solve the problems faced by the stud farm managers. Part Two: Scope Management Plan The development of the online stud farm management system (OSFMS) is within the scope of the project. In order to control the scope, the MOV of the project is to be defined accurately and the stakeholders need to be aware of scope creep. Regular reporting to project manager is also recommended to prevent scope creep.
3PROJECT MANAGEMENT Resource NameType Max. Units Std. RateOvt. RateCost/Use Accrue At Base Calendar Project ManagerWork100%$140.00/hr$0.00/hr$0.00ProratedStandard Finance Manager Work100%$85.00/hr$0.00/hr$0.00ProratedStandard Human Resource Recruiter Work100%$90.00/hr$0.00/hr$0.00ProratedStandard Project Supervisor Work100%$115.00/hr$0.00/hr$0.00ProratedStandard Development Technologist Work100%$55.00/hr$0.00/hr$0.00ProratedStandard Software Testing Specialist Work100%$50.00/hr$0.00/hr$0.00ProratedStandard HardwareMaterial$12,500.00$0.00Prorated SoftwareMaterial$5,500.00$0.00Prorated Facilitiesand Others Material$2,000.00$0.00Prorated
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7PROJECT MANAGEMENT 4.3.2Initial Testing6 daysTue 9/11/18Tue 9/18/18 4.3.3Add features required15 daysWed 9/19/18Tue 10/9/18 4.3.4 Codingand programming 10 daysWed 10/10/18Tue 10/23/18 4.3.5Second testing6 daysWed 10/24/18Wed 10/31/18 4.3.6 Complete the overall website system 10 daysThu 11/1/18Wed 11/14/18 4.4Testing the system12 daysThu 11/15/18Fri 11/30/18 4.4.1 Connect with main server 4 daysThu 11/15/18Tue 11/20/18 4.4.2 Test the running of website features 3 daysWed 11/21/18Fri 11/23/18 4.4.3 Remove bugs and glitches 5 daysMon 11/26/18Fri 11/30/18 4.5M4: Handover0 daysFri 11/30/18Fri 11/30/18 5Review and Close7 daysMon 12/3/18Tue 12/11/18 5.1Post project review2 daysMon 12/3/18Tue 12/4/18 5.2Perform project appraisal1 dayWed 12/5/18Wed 12/5/18
8PROJECT MANAGEMENT 5.3Submit project report4 daysThu 12/6/18Tue 12/11/18 5.4M5: Complete signoff0 daysTue 12/11/18Tue 12/11/18 Figure 1: WBS of the Project (Source: Created by Author) Bottom up technique is used for cost estimation as follows. Task NameResource NamesCost Development of OSFMS$131,920.00 Survey, Discuss, Plan$22,440.00 Meet with stud farm managers Project Manager, Project Supervisor$8,160.00
9PROJECT MANAGEMENT Discuss Issues and Problems Project Manager, Project Supervisor$4,080.00 Survey in Stud FarmsProject Manager, Project Supervisor$2,040.00 Present Proposal for OSFMS Project Manager, Project Supervisor$4,080.00 Feasibility TestingProject Manager, Project Supervisor$4,080.00 M1: End of DiscussionsProject Manager, Project Supervisor$0.00 Estimate, Plan$35,400.00 Allocate Members to Teams Human Resource Recruiter$720.00 Primary Plan$16,320.00 Setting project goalsProject Manager, Project Supervisor$4,080.00 Determination of scope Project Manager, Project Supervisor$2,040.00 Determine suitable methodology for execution Project Manager, Project Supervisor$4,080.00 Project charter development Project Manager, Project Supervisor$1,020.00
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10PROJECT MANAGEMENT Schedue estimationProject Manager, Project Supervisor$1,020.00 Budget estimationProject Manager, Project Supervisor$4,080.00 Secondary Plan$18,360.00 Riskregister development Project Manager, Project Supervisor$6,120.00 Identify riskProject Manager, Project Supervisor$2,040.00 Identify mitigation plan Project Manager, Project Supervisor$2,040.00 Analyze Measurable Organizational Value Project Manager, Project Supervisor$4,080.00 Develop management planforqualityand evaluation Project Manager, Project Supervisor$4,080.00 M2: End of planningProject Manager, Project Supervisor$0.00 Initiate and Prepare$32,040.00 Receive budget from authority Finance Manager$2,720.00 Hire system expertsHuman Resource Recruiter, Facilities and$4,880.00
11PROJECT MANAGEMENT Others[1] Allocate Duties to Team Members Project Supervisor$920.00 Purchase HardwareProject Supervisor, Hardware[1]$16,180.00 Purchase SoftwareProject Supervisor, Software[1]$7,340.00 M3: Proceed to ProjectDevelopment Technologist$0.00 Execute$36,920.00 Technical UpgradeDevelopment Technologist$1,760.00 InstallSoftware Platform Development Technologist$880.00 System Development$29,480.00 Start designing of website Development Technologist$8,800.00 Initial TestingDevelopment Technologist$2,640.00 Add features requiredDevelopment Technologist$6,600.00 Codingand programming Development Technologist$4,400.00 Second testingDevelopment Technologist$2,640.00
12PROJECT MANAGEMENT Complete the overall website system Development Technologist$4,400.00 Testing the system$4,800.00 Connect with main server Software Testing Specialist$1,600.00 Test the running of website features Software Testing Specialist$1,200.00 Remove bugs and glitches Software Testing Specialist$2,000.00 M4: HandoverProject Supervisor$0.00 Review and Close$5,120.00 Post project reviewProject Manager$2,240.00 Performproject appraisal Project Manager$1,120.00 Submit project reportDevelopment Technologist$1,760.00 M5: Complete signoffHumanResourceRecruiter,Finance Manager,ProjectManager,Project Supervisor,DevelopmentTechnologist, $0.00
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13PROJECT MANAGEMENT Software Testing Specialist 234 $0.00 $10,000.00 $20,000.00 $30,000.00 $40,000.00 $50,000.00 $60,000.00 $70,000.00 $80,000.00 $0.00 $20,000.00 $40,000.00 $60,000.00 $80,000.00 $100,000.00 $120,000.00 $140,000.00 CostCumulative Cost Figure 2: Time Phased Budget (Source: Created by Author) Assumption: The market change will not be significant during the entire course of the project execution. Constraint: Stakeholders may not be happy with the allocated standard rates of resource usage. Part Four: Risk Analysis and Plan Risk NameResponsible StakeholderMitigation Strategy Out of ScopeProject ManagerAnalyze all requirements before determining scope
14PROJECT MANAGEMENT Budget OvershootFinance ManagerUse suitable toolsforaccurate budget estimation Schedule OvershootProject ManagerUse suitable toolsforaccurate time estimation Massive Market ChangeFinance ManagerConsider market changes during budget estimation PoorPerformancefrom Stakeholders Project ManagerMonitoringandcontrolof stakeholders during project Part Five: Quality Management Plan The verification and validation activities in the project are listed in the following table. Verification ActivitiesMeet with team members and Globex authority, verify project charter and project report Validation ActivitiesValidation of project plan, validation of project report by project manager Part Six: Closure and Evaluation Article 1– Haimes, Y. Y. (2015).Risk modeling, assessment, and management. John Wiley & Sons. The authorshave discussed all aspectsand phases of a project includingproject evaluation and closing. According to them, project evaluation is basically a review in order to determine whether the requirements have been met or not.
15PROJECT MANAGEMENT Article 2– 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. The authors said that the project review process consists of a number of sub-phases – review of project report document, demonstration of the developed system and checking of a closure list. If any of these is not successful, the project manager can reopen the project for further development and execution. Article 3– Hornstein, H. A. (2015). The integration of project management and organizationalchangemanagementisnowanecessity.InternationalJournalofProject Management,33(2), 291-298. According to the author, all the stakeholders should participate in project closing in order to determine whether all requirements have been made as well as reflect on their own duties and activities. The final power is on the project manager who will perform the final review and close off the project. Closure Checklist ItemCheck System developed as per plan Features included as per plan Project did not exceed budget Project did not exceed schedule Signature
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16PROJECT MANAGEMENT Project Evaluation Outline Project evaluation will be done on the outcomes generated at the end of the project. The stakeholders will perform primary project evaluation in which they will review whether all their duties are fulfilled. The project manager will perform the final project review and validate the project.
17PROJECT MANAGEMENT Bibliography Haimes, Y. Y. (2015).Risk modeling, assessment, and management. John Wiley & Sons. 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. 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., & Kerzner, H. R. (2017).Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Muller, R. (2017).Project governance. Routledge. Špundak,M.(2014).Mixedagile/traditionalprojectmanagementmethodology–realityor illusion?.Procedia-Social and Behavioral Sciences,119, 939-948.
18PROJECT MANAGEMENT Appendix Figure: Project Schedule Using MS Project
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