Project Management

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

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Table of Contents
Introduction..........................................................................................................................3
MBFSA Project Description................................................................................................3
Part 1: Measurable Organisational Value............................................................................3
1.1. Impact Area..............................................................................................................3
1.2. Project Value............................................................................................................4
1.3. Stakeholders’ Expectations and Target metrics........................................................4
1.4. Timeline for MOV....................................................................................................5
1.5. MOV Summary........................................................................................................5
Part 2: Scope Management Plan for MBFSA..................................................................6
2.1. Project Scope............................................................................................................6
2.2. Resource List............................................................................................................6
Part 3: Work Breakdown Structure (WBS).........................................................................7
3.1. WBS for MBFSA.....................................................................................................7
3.2. Deliverable and Milestone........................................................................................9
3.3. Resource Assignment.............................................................................................13
3.4. Project Budget........................................................................................................15
Part 4: Project Risk Analysis.............................................................................................17
4.1. Project Assumptions...............................................................................................17
4.2. Risk and Risk Mitigation Plan (five risks).............................................................17
Part 5: Quality Management Plan......................................................................................18

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5.1. Team’s Objective....................................................................................................18
5.2. Verification Activities............................................................................................19
5.3. Validation Activities...............................................................................................19
Part 6: Closure and Evaluation..........................................................................................19
6.3. Project Closure Checklist.......................................................................................19
6.4. Evaluation of Project MOV....................................................................................20
Bibliography......................................................................................................................21
Appendix............................................................................................................................22
Annotated Bibliography.................................................................................................22

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Introduction
The aim of the project charter is to identify the impact and justifying the need of
executing the chosen project. The charter specifies the stakeholders, resources need and the
scheduling details of the project. The measurable organizational value linked with the project is
discussed and the significant risks are identified. The description of the project is provided in the
paragraphs below.
MBFSA Project Description
Lack of knowledge about which crops to grow in a particular season results in huge loses
of the farmers. In order to reduce the loss, Globex proposed an application which will provide
the farmer with the accurate knowledge of weather and the crops to be grown. The data about the
weather will be collected from local government. The project will be completed by Virtucon.
Part 1: Measurable Organisational Value
1.1. Impact Area
Impact Area Description Rank
Strategy An efficient business management strategy is
involved in designing this application
1
Customer This application is more of a customer-based
application which will benefit the local farmers and
wholesalers
2
Financial The loses, that farmers face will be reduced by an
significant manner
3
Operational Since the local government supports this intervention,
the application is expected to provide high operational
4

4
value
Social The application will have a great social benefit 5
1.2. Project Value
Value
Impact
Area
Better Faster Cheaper Do More
Strategy 5 3 3 5
Customer 4 5 2 1
Financial 4 5 4 2
Operational 2 3 4 5
Social 1 2 3 4
Total 16 18 16 17
Note: The value is measured on a scale of 1 to 5
The table identifies the two most prominent values to be Faster and Do More.
1.3. Stakeholders’ Expectations and Target metrics
Identified Stakeholders Expectations Target Metric (Need to
Improve)
Globex Will support Virtucon in
project execution
High (5)
Virtucon Will deliver a project in a low Medium (3)

5
cost
Farmers and Wholesaler Will lend support whenever
required
Low (2)
Government Will supervise the project Medium (3)
Note: The target metrics is measured on a scale of 1to 5 where 1 is the lowest and 5 is the highest
1.4. Timeline for MOV
The MOV will be achieved only after project completion and timeline of project
completed in expressed in the image below-
Figure 1: The MOV Timeline
1.5. MOV Summary
MOV Description
Project Overview The application is being built for the benefits
of the farmers
Impact Area The impact area is examined and ranked
Project Value The project value is identified