Project Management for Development of Online Cash Marketplace Platform - I-Crop

This project management report outlines the development of I-Crop, an online cash marketplace platform. It includes measurable organizational value, project plan value, appropriate metrics, project scope, out of scope, scope management plan, project resources, project milestones, project activities, time estimation, project budget, time phase budget, assumptions, project risks and management strategy, statement on project quality, verification and validation activities, annotated bibliography, closure checklist, and project evaluation.

Running head: PROJECT MANAGEMENT
Development of a new online cash marketplace platform – I-Crop
Name of the Student
Name of the University
Author’s Note

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Table of Contents
1. Part One..................................................................................................................................3
1.1 Measurable organizational Value.....................................................................................3
1.2 Project plan Value............................................................................................................3
1.3 Appropriate metric...........................................................................................................3
2. Part Two.................................................................................................................................4
2.1 Project scope....................................................................................................................4
2.2 Out of scope.....................................................................................................................5
2.3 Scope management plan...................................................................................................5
2.4 Project resources..............................................................................................................5
3. Part three................................................................................................................................6
3.1 Project milestones............................................................................................................6
3.2 Project activities...............................................................................................................7
3.3 Project resources..............................................................................................................8
3.4 Time estimation................................................................................................................9
3.5 Project budget.................................................................................................................10
3.6 Time phase Budget.........................................................................................................11
4. Part four................................................................................................................................11
4.1 Assumptions...................................................................................................................11
4.2 Project risks and project risk management strategy.......................................................11
5. Part Five...............................................................................................................................13
5.1 Statement on project quality...........................................................................................13

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5.2 Verification activities.....................................................................................................13
5.3 Validation activities.......................................................................................................13
6. Part Six:................................................................................................................................14
6.1 Annotated Bibliography.................................................................................................14
6.2 Closure checklist............................................................................................................14
6.3 Project evaluation...........................................................................................................14
Bibliography.............................................................................................................................15
Appendices...............................................................................................................................17
Appendix 1: Annotated Bibliography..................................................................................17

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1. Part One
1.1 Measurable organizational Value
Area of Impact Rank (1 to 5)
Customer 1
Operational 2
Financial 3
Strategy 4
Social 5
1.2 Project plan Value
The project plan value that are expected from the i-crop system development are
reflected below:
Better: With the help of the application and website, both the buyers as well as
customers can be able to sell or buy their warehoused grains irrespective of the location and
thus it is reflected that the business operations become better.
Faster: As with the help of the online platform the buyers as well as customers can
contact quite faster in comparison to the system which is used presently.
1.3 Appropriate metric
Rank Metrics Impact Timeframe
1 Customer 12 increment in the
customers due to the
development of the
new system
90 days
2 Operational Development of 80 days

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application as well
as website makes the
organizational better
by 10%
3 Financial Development of
application and
website rises the
budget by 10%
70 days
4 Strategy Proper strategy od
the organization is
used within the
entire project.
60 days
5 Social Proper help of
social media
promotion is taken
in order to promote
the services.
50 days
2. Part Two
2.1 Project scope
The scope includes:
 Detailed reporting system will be present
 Proper facility of transition through online platform
 Designing of the project prototype as per the needs of the organization
 Supporting cash transaction

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 Supporting the facility of bidding
2.2 Out of scope
The out of scope:
 Information about maintenance is not given
 Guide for the users are not given to the users
2.3 Scope management plan
In order to manage the scope of the project, the manager of the project takes the
initiative that are successfully reflected below:
 The needs of the project must be properly defined
 Understanding the objectives of the project properly
 Collecting the needs as well as requirements properly
 Developing the Work breakdown structure
2.4 Project resources
People: The people related with the project are:
Resource Name Std. Rate
Project Manager $90.00/hr
Financial manager $60.00/hr
Documenter $50.00/hr
Planner $70.00/hr
HR Manager $70.00/hr
Budgeter $70.00/hr
Quality Analyst $90.00/hr
Risk Analyst $80.00/hr
Engineer $85.00/hr
Designer $85.00/hr

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Developer $85.00/hr
Programmer $85.00/hr
Tester $80.00/hr
Analyst $70.00/hr
Sponsor $0.00/hr
Technology:
Hardware RAM, hard disk, Laptop
Software Designing as well as project
development tool
Network Server
Others: The facility of travelling should be provided to the team members of the
project who generally works after their regular office time.
3. Part three
3.1 Project milestones
The milestones of the project are:
Milestone Completion date
Milestone 1: Completion of project charter Mon 12-11-18
Milestone 2: Completion of the supplementary planning Thu 13-12-18
Milestone 3: Completion of the project development phase Wed 20-02-19
Milestone 4: Completion of the project closure Tue 05-03-19

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3.2 Project activities
Figure 1: Project activities
(Source: Created by Author)

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3.3 Project resources
Figure 2: Project resources
(Source: Created by Author)

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3.4 Time estimation
Figure 3: Timeline
(Source: Created by Author)

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3.5 Project budget
Figure 4: Project budget
(Source: Created by Author)

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3.6 Time phase Budget
September
2018
October 2018 November
2018
December
2018
January 2019 February 2019 March 2019 $0.00
$2,000.00
$4,000.00
$6,000.00
$8,000.00
$10,000.00
$12,000.00
$14,000.00
$16,000.00
$18,000.00
$0.00 $0.00
$11,600.00
$13,760.00
$15,640.00
$12,360.00
$1,680.00
Time-phase budget
Cost
Figure 5: Time phase budget
(Source: Created by Author)
4. Part four
4.1 Assumptions
The assumptions include:
 The network will be managed quite effectively
 Proper technical support will be achieved from the vendors
 The project will be successfully completed within the expected time and budget
4.2 Project risks and project risk management strategy
Ris
k
ID
Descriptio
n
Probabilit
y
Impac
t
Rat
e
Assigned
To
Response
Strategy
Threat or
Opportunit
y
R1 Network
fluctuation
70% 5 350 Network
managemen
It is
necessary to
Threat

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related
problems
t team hired
experienced
network
engineers
for avoiding
the
problems
R2 Flaws
within the
designing
90% 4 360 Designing
team
It can be
resolved by
designing
on the basis
of the
project
requirement
s
Threat
R3 Data theft 90% 5 450 IT team It is
necessary to
utilize
encryption
procedure
for
resolving
the problem
Threat
R4 Poor
maintenanc
70% 4 210 Maintenanc
e team
It is
necessary to
Threat

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e of the
website
maintain
the website
on regular
basis.
R5 Extension
of time for
quality
checking
80% 4 360 Project
manager
It is
necessary to
include
time for all
the
activities of
the project
for avoiding
extension
Opportunity
5. Part Five
5.1 Statement on project quality
It is analyzed that as the entire development of the project is done on the expected
budget and time, the project can be considered to be successfully. In addition to this, it is
analyzed that requirement checking, proper testing is conducted for analyzing the project
quality which reflects that proper quality is maintained in the project.
5.2 Verification activities
Verification Activity When?
Mobile application development Initial project phase.
Development of website Initial phase of the project
Undertaking testing Before the project goes live

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5.3 Validation activities
6. Part Six:
6.1 Annotated Bibliography
Refer to Appendix
6.2 Closure checklist
Closure checklist Checklist options
The entire project is properly approved? Yes
Proper designing of the website as well as application? Yes
Adequate training given? Yes
Does the Proper project handover is done? Yes
6.3 Project evaluation
Evaluation Criteria Option
Proper completion of the project within the expected time? Yes  No 
Reviewing of the entire project? Yes  No 
Proper evaluation of the project is done ? Yes  No 
Validation Activity When?
Requirement recording In the pre-development phase
Monitoring as well as control Through the project
Project evaluation. In the closure phase of the project

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Bibliography
Andersen, E. (2016). Do project managers have different perspectives on project
management?. International Journal of Project Management, 34(1), pp.58-65
Binder, J. (2016). Global project management: communication, collaboration and
management across borders. Routledge.
Chih, Y. Y., & Zwikael, O. (2015). Project benefit management: A conceptual framework of
target benefit formulation. International Journal of Project Management, 33(2), 352-
362.
Conforto, E. C., Amaral, D. C., da Silva, S. L., Di Felippo, A., & Kamikawachi, D. S. L.
(2016). The agility construct on project management theory. International Journal of
Project Management, 34(4), 660-674.
Floricel, S., Bonneau, C., Aubry, M., & Sergi, V. (2014). Extending project management
research: Insights from social theories. International Journal of Project
Management, 32(7), 1091-1107.
Ghaffari, M. and Emsley, M. (2015). Current status and future potential of the research on
Critical Chain Project Management. Surveys in Operations Research and
Management Science, 20(2), pp.43-54.
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.
Kaiser, M. G., El Arbi, F., & Ahlemann, F. (2015). Successful project portfolio management
beyond project selection techniques: Understanding the role of structural
alignment. International Journal of Project Management, 33(1), 126-139.

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Kerzner, H. (2017). Project management metrics, KPIs, and dashboards: a guide to
measuring and monitoring project performance. 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.
Marchewka, J. T. (2014). Information technology project management. John Wiley & Sons.
Sánchez, M. A. (2015). Integrating sustainability issues into project management. Journal of
Cleaner Production, 96, 319-330.
Takey, S. M., & de Carvalho, M. M. (2015). Competency mapping in project management:
An action research study in an engineering company. International Journal of Project
Management, 33(4), 784-796.

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Appendices
Appendix 1: Annotated Bibliography
Article 1: Ghaffari, M. and Emsley, M. (2015). Current status and future potential of
the research on Critical Chain Project Management. Surveys in Operations Research
and Management Science, 20(2), pp.43-54.
The paper reflects on future potential as well as current status by undertaking a
research on the critical chain-based project management. It is found that critical chain PM is
one of new method that is mainly introduced with the help of new mechanism in order to
manage the project uncertainties. Higher number of studies on the CCPM is conducted and
the study of the review reflects that the CCPM literature od one of the inductive manners that
helps in answering all the questions. The study generally covers number of journals as well as
conference papers. The result of the research that was conducted reflects that number of
future investigations are recommended for operational research analysis. It is identified that
CCPM is one of the holistic approaches that helps in managing the project much more
effectively by using proper scheduling methods.
Article 2: Floricel, S., Bonneau, C., Aubry, M., & Sergi, V. (2014). Extending project
management research: Insights from social theories. International Journal of Project
Management, 32(7), 1091-1107.
The paper focuses on the project management that generally insights from the
different types of social theories. The paper reviews number of project management related
theories for overcoming the issues as well as challenges that the system from application
methods are based on the various decision rationality-based norms. The paper suggests
number of ways that could be helpful for the project management practitioners as well as
different theorist for making proper sense about the various project management aspects that

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are overlooked. In addition to this, the paper also discusses the five dimensions that are based
on the three social theories for highlighting the combinations that are very much appropriate
as well as fruitful for addressing number of theoretical as well as practical issues.
Article 3: Andersen, E. (2016). Do project managers have different perspectives on
project management?. International Journal of Project Management, 34(1), pp.58-65.
The paper mainly wants to discuss on the various types of perspectives on project
management that the project managers generally have. It is found that as the project managers
generally have perspectives that generally varies from one project manager to another. This
paper argued that the concept of the project management also has various types of
perspectives. In context to the task perspective, the managers of the project generally reflect
on the time delivery within the budget that is specified. On the other hand, it is found that as
per the organizational perspectives, the project managers generally focus on the support that
is given for creating proper value in the receiving organization. The research that was
conducted helps in revealing that the project managers have different perspectives that prevail
among the various project managers.