Project Management Concepts and Applications

This assignment delves into the core principles of project management. It requires a comprehensive understanding of various concepts such as planning, scheduling, controlling, risk management, and project success factors. The analysis explores different project management methodologies, including Agile approaches, and their applicability in diverse industries. Additionally, students are expected to demonstrate knowledge of tools and techniques used for effective project execution and monitoring.

Running head: PROJECT MANAGEMENT
Project Management: Riverina Agriculture and Lifetime Shows (RALS) Virtucon and Globex
Scenario
Name of the student:
Name of the university:

1PROJECT MANAGEMENT
Table of Contents
Part 1: Measurable Organizational Value (MOV)...........................................................................3
1.1 Identified desired area of impact...........................................................................................4
1.2 Identification of different types of values..............................................................................6
1.3 Appropriate metrics development..........................................................................................6
1.4 Development of the timeframe for RALS project.................................................................7
1.5 Summary of MOV project...................................................................................................11
2. Part 2: Scope management of RALS project.............................................................................11
2.1 Developing project scope....................................................................................................11
2.2 List of project resources.......................................................................................................11
2.3 The details of resources.......................................................................................................13
3. Part 3..........................................................................................................................................14
3.1 Development of Work Breakdown Structure (WBS)..........................................................14
3.2 Identification of project activities........................................................................................15
3.3 Identification of project resources.......................................................................................17
3.4 Cost estimation for the tasks................................................................................................17
3.5 Estimation of time for RALS project...................................................................................21
4. Part 4: Risk analysis and project plan........................................................................................23
4.1 Project risk management plan..............................................................................................23
5. Part 5: Quality Management Plan..............................................................................................26
5.1 Philosophy of the project team............................................................................................26
5.2 Quality assurance for RALS project....................................................................................26
6. Part 6: Closure plan and evaluation...........................................................................................27
6.1 Development of closure checklist........................................................................................27
6.2 Development of project checklist outline............................................................................27
Bibliography..................................................................................................................................28

2PROJECT MANAGEMENT
Part 1: Measurable Organizational Value (MOV)
Analyzing the Virtucon and Globex scenario it has been defined that the company is
willing to arrange a 3 days event named as Riverina Agriculture and Lifetime Shows (RALS) for
their consumers. The show mainly deals with the local businesses, suppliers of the agricultural
equipment suppliers and other lifetime products. The most important components those are
strictly required to be followed by the project developers include co –ordination for show stand,
live program display, catering and volunteers. The volunteers have thought about this planning in
the year of 2000 and the show is organizing by the organizers from 2000. With the number of
passing days the numbers of participants are also increasing accordingly thus the queue for ticket
booking is also increasing and the participants are losing their patients for this long queue. In
order to reduce these issues the organizers have decided to develop an online ticket booking
website for their consumers.
This report depicts the scope of the project including the project resources, allotted time
and estimated cost as well. In addition to this, for reducing the work pressure from the consumers
a work Breakdown structure is also developed by the program organizers. In order to implement
the RALS project successfully it is necessary for the project manager to allot proper time and
cost for the project. Apart from the time and cost management a quality management and risk
management plan is also developed in this report. Even team philosophy must be set properly for
the successful execution of the RALS project.
1.1 Identified desired area of impact
Desired areas Ranking Impact
Strategies 2 Proper business and project

3PROJECT MANAGEMENT
development strategies will
help the project manager to
gain measurable business
success and even huge number
of consumers throughout
(Pemsel & Wiewiora,
2013).
Customers 3 Customers are referred to as
the most important asset for
any business thus they are
needed to be satisfied properly
by the services and products
of any business. With user
friendly online ticket booking
website the number of
participants will be increased
accordingly.
Operational 4 With the help of functional
and operational excellence the
consumers will be able to get
handle the online ticket
booking system properly
(Schwalbe, 2015).

4PROJECT MANAGEMENT
Financial 1 Financial support is the most
important thing for the
development of RALS project.
With the help of this capital
invested the additional
resources could be added to
the system including the
security and user friendly
mechanism as well (Sanchez,
2015)
Social 5 The communication approach
of between the project
manager and the other project
team members and even with
the sponsors as well could be
improved for adopting social
components.
1.2 Identification of different types of values
Better: The online ticket booking system will help the project manager to serve better
quality and user friendly service to their participants.

5PROJECT MANAGEMENT
Faster: In the online ticket booking system the participants need not to wait in the queue
for getting the tickets rather the entire system will become faster that the manual ticket booking
system.
Cheaper: The number of manpower will get reduced after the implementation of online
ticket booking system because computerized system does not required human power.
1.3 Appropriate metrics development
In order to implement the RALS project successfully, it is necessary for the project
manager to contract with proper project stakeholders. For this project the identified project
stakeholders are as follows:
Name of the stakeholders Expectation
Project manager To complete the project on time within
estimated budget
Finance manager Expect to complete the project within the
estimated budget even if additional resources
are required.
Operation manager To provide proper operational and functional
excellence to the consumers
Application programming manager Provide appreciable application of the website
HR manager To manage the issues of the manpower and all
project team members
Project team members To complete the project on time

6PROJECT MANAGEMENT
1.4 Development of the timeframe for RALS project
WBS Task Name Duration Start Finish Predecessors Resource Names
Cost
Variance
0
RALS
timeframe
development
163
days
Fri
10/6/17
Tue
5/22/18
$28,624.00
1
Project
initiation phase
51 days
Fri
10/6/17
Fri
12/15/17
$9,664.00
1.1
Conceptualiz
ing the details of
RALS project
5 days
Fri
10/6/17
Thu
10/12/17
Project manager $800.00
1.2
Developing
project charter
18 days
Fri
10/13/17
Tue
11/7/17
$3,744.00
1.2.1
Identificati
on of business
requirements
6 days
Fri
10/13/17
Fri
10/20/17
2
business
analyst,project
sponsor
$1,584.00
1.2.2
Understand
ing project
specification
5 days
Mon
10/23/17
Fri
10/27/17
4
business
analyst,project
sponsor
$1,320.00
1.2.3 Arrangeme 7 days Mon Tue 5 business analyst $840.00

7PROJECT MANAGEMENT
nt of meeting
between the
project manager
and project team
members
10/30/17 11/7/17
1.3
Vendor
appointment
10 days
Wed
11/8/17
Tue
11/21/17
$1,440.00
1.3.1
Identificati
on vendors
4 days
Wed
11/8/17
Mon
11/13/17
6 operation manager $576.00
1.3.2
Ability
analysis of the
vendors
according to the
budget
6 days
Tue
11/14/17
Tue
11/21/17
8 operation manager $864.00
1.4
Feasibility
study
10 days
Wed
11/22/17
Tue
12/5/17
9 operation manager $1,440.00
1.5
Time
management for
RALS Project
8 days
Wed
12/6/17
Fri
12/15/17
10
finance
manager,Project
manager
$2,240.00
1.6 Milestone 1:
Completion of
0 days Fri
12/15/17
Fri
12/15/17
11 Project manager $0.00

8PROJECT MANAGEMENT
project initiation
phase
2
Project
planning phase
52 days
Mon
12/18/17
Tue
2/27/18
$7,088.00
2.1
Understandin
g the website
details for online
ticketing system
10 days
Mon
12/18/17
Fri
12/29/17
12
application
programming
manager,operation
manager
$2,720.00
2.2 Prototyping 11 days
Mon
1/1/18
Mon
1/15/18
14
application
programming
manager
$1,408.00
2.3
website
testing
10 days
Tue
1/16/18
Mon
1/29/18
2,15
application
programming
manager
$1,280.00
2.4
Customer
requirement
analysis
9 days
Tue
1/30/18
Fri
2/9/18
16 HR manager $720.00
2.5
Based on the
feedback website
development
12 days
Mon
2/12/18
Tue
2/27/18
17 HR manager $960.00

9PROJECT MANAGEMENT
2.6
Milestone 2:
Completion of
project
planning phase
0 days
Tue
2/27/18
Tue
2/27/18
18 Project manager $0.00
3
Project
execution phase
54 days
Wed
2/28/18
Mon
5/14/18
$10,704.00
3.1
Final website
development
7 days
Wed
2/28/18
Thu
3/8/18
19
application
programming
manager
$896.00
3.2
website
modeling
6 days
Fri
3/9/18
Fri
3/16/18
21
application
programming
manager,operation
manager
$1,632.00
3.3 Coding 6 days
Mon
3/19/18
Mon
3/26/18
22
application
programming
manager,operation
manager
$1,632.00
3.4 Unit testing 7 days
Tue
3/27/18
Wed
4/4/18
23 project tester $1,008.00
3.5 Integration 5 days Thu Wed 24 project tester $720.00

10PROJECT MANAGEMENT
testing 4/5/18 4/11/18
3.6
Final
implementation
6 days
Thu
4/12/18
Thu
4/19/18
25 Project manager $960.00
3.7
Incorporatin
g online
payment options
8 days
Fri
4/20/18
Tue
5/1/18
26
finance
manager,operation
manager,application
programming
manager
$3,136.00
3.8
Review final
requirements
9 days
Wed
5/2/18
Mon
5/14/18
27 HR manager $720.00
3.9
Milestone 3:
Completion of
project
execution phase
0 days
Mon
5/14/18
Mon
5/14/18
28 Project manager $0.00
4
Project
closure phase
6 days
Tue
5/15/18
Tue
5/22/18
$1,168.00
4.1
Final
documentation
2 days
Tue
5/15/18
Wed
5/16/18
29 Project manager $320.00
4.2 Post project 2 days Thu Fri 31 Project manager, $560.00

11PROJECT MANAGEMENT
evaluation 5/17/18 5/18/18 business analyst
4.3
Stakeholder
signoff
2 days
Mon
5/21/18
Tue
5/22/18
32 project sponsor $288.00
4.4
Milestone 4:
Completion of
project closure
phase
0 days
Tue
5/22/18
Tue
5/22/18
33 Project manager $0.00

12PROJECT MANAGEMENT
Figure 1: Gantt chart for RALS Project
(Source: created by author)
1.5 Summary of MOV project
With the successful completion of the project the consumers will be able to get tickets
online regardless of their location and time as well. They need not to wait in the queues
additionally proper Measurable Organizational Values are needed to be utilized properly.

13PROJECT MANAGEMENT
2. Part 2: Scope management of RALS project
2.1 Developing project scope
For successful implementation of the project the project manager is required to develop
proper scope of the project. For the RALS project the scopes are as follows:
 To give passes for either 1 day, 2 days or even for all the 3 days
 To complete the project within allotted time and estimated budget
 To implement a E- ticket booking system instead of the manual ticket booking
system
 To develop risk register, quality management plan as well
The steps needed to implement the scope of the RALS project include the followings:
 Approach for the scope of the project (Kerzner, 2013)
 Roles and responsibilities for each scope
 Identification of scope definition
 RALS project statement
 Scope verification
 Scope control
 Scope change
2.2 List of project resources
Resource Name Type
Material
Label
Initials Group Accrue At
Base
Calendar

14PROJECT MANAGEMENT
Project manager Work P Prorated Standard
project sponsor Work p Prorated Standard
finance manager Work f Prorated Standard
application
programming
manager
Work a Prorated Standard
operation manager Work o Prorated Standard
business analyst Work b Prorated Standard
project tester Work p Prorated Standard
HR manager Work H Prorated Standard
2.3 The details of resources
People: The people engaged to the RALS project includes are project manager, operation
manager. Finance manager, finance manager, HR manage, business analyst, project tester and
other project development team members. The aims of all of these project team members are to
provide quality service to the consumers of RALS show participants. If any of these components
are missed then the execution of the RALS project will be interrupted completely.

15PROJECT MANAGEMENT
3. Part 3
3.1 Development of Work Breakdown Structure (WBS)
Figure 2: Work Breakdown Structure for RALS Project
(Source: created by author)
3.2 Identification of project activities
WBS Task Name Duration
0 RALS timeframe development 163 days
1 Project initiation phase 51 days
1.1 Conceptualizing the details of RALS 5 days

16PROJECT MANAGEMENT
project
1.2 Developing project charter 18 days
1.2.1 Identification of business requirements 6 days
1.2.2 Understanding project specification 5 days
1.2.3
Arrangement of meeting between the
project manager and project team members
7 days
1.3 Vendor appointment 10 days
1.3.1 Identification vendors 4 days
1.3.2
Ability analysis of the vendors
according to the budget
6 days
1.4 Feasibility study 10 days
1.5 Time management for RALS Project 8 days
1.6
Milestone 1: Completion of project
initiation phase
0 days
2 Project planning phase 52 days
2.1
Understanding the website details for
online ticketing system
10 days
2.2 Prototyping 11 days

17PROJECT MANAGEMENT
2.3 website testing 10 days
2.4 Customer requirement analysis 9 days
2.5
Based on the feedback website
development
12 days
2.6
Milestone 2: Completion of project
planning phase
0 days
3 Project execution phase 54 days
3.1 Final website development 7 days
3.2 website modeling 6 days
3.3 Coding 6 days
3.4 Unit testing 7 days
3.5 Integration testing 5 days
3.6 Final implementation 6 days
3.7 Incorporating online payment options 8 days
3.8 Review final requirements 9 days
3.9 Milestone 3: Completion of project 0 days

18PROJECT MANAGEMENT
execution phase
4 Project closure phase 6 days
4.1 Final documentation 2 days
4.2 Post project evaluation 2 days
4.3 Stakeholder signoff 2 days
4.4
Milestone 4: Completion of project
closure phase
0 days
3.3 Identification of project resources
Resource
Name
Type
Materia
l Label
Initial
s
Grou
p
Max.
Units
Std.
Rate
Ovt.
Rate
Cost/
Use
Accrue
At
Base
Calenda
r
Project
manager
Wor
k
P
100
%
$20.00/
hr
$0.00/
hr
$0.00
Prorate
d
Standard
project
sponsor
Wor
k
p
100
%
$18.00/
hr
$0.00/
hr
$0.00
Prorate
d
Standard
finance
manager
Wor
k
f
100
%
$15.00/
hr
$0.00/
hr
$0.00
Prorate
d
Standard

19PROJECT MANAGEMENT
application
programmin
g manager
Wor
k
a
100
%
$16.00/
hr
$0.00/
hr
$0.00
Prorate
d
Standard
operation
manager
Wor
k
o
100
%
$18.00/
hr
$0.00/
hr
$0.00
Prorate
d
Standard
business
analyst
Wor
k
b
100
%
$15.00/
hr
$0.00/
hr
$0.00
Prorate
d
Standard
project tester
Wor
k
p
100
%
$18.00/
hr
$0.00/
hr
$0.00
Prorate
d
Standard
HR manager
Wor
k
H
100
%
$10.00/
hr
$0.00/
hr
$0.00
Prorate
d
Standard

20PROJECT MANAGEMENT
3.4 Cost estimation for the tasks
Figure 3: Cost estimation for RALS Project
(Source: created by author)
3.5 Estimation of time for RALS project
Task Name Duration
RALS timeframe development 163 days
Project initiation phase 51 days

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Project planning phase 52 days
Understanding the website details for online ticketing system 10 days
Prototyping 11 days
website testing 10 days
Customer requirement analysis 9 days
Based on the feedback website development 12 days
Milestone 2: Completion of project planning phase 0 days
Project execution phase 54 days
Final website development 7 days
website modeling 6 days
Coding 6 days
Unit testing 7 days
Integration testing 5 days
Final implementation 6 days
Incorporating online payment options 8 days
Review final requirements 9 days

22PROJECT MANAGEMENT
Milestone 3: Completion of project execution phase 0 days
Project closure phase 6 days
Final documentation 2 days
Post project evaluation 2 days
Stakeholder signoff 2 days
Milestone 4: Completion of project closure phase 0 days
4. Part 4: Risk analysis and project plan
4.1 Project risk management plan
Development
phase
Risk of this
phase
Responsible
person
Impact Frequency Mitigation
strategy
Project
initiation phase
Incorrect
cost
estimation
Finance
manager
High Frequent Proper
feasibility
study is
required to be
done at the
project
initiation phase
to avoid the

23PROJECT MANAGEMENT
budget oriented
issues
Project
planning phase
Improper
component
selection
Operation
manager
High Frequent In order to
implement the
RALS project
successfully all
the
components
needed for
developing
online ticket
booking
system must be
selected on
time and within
the budget
Project
execution phase
Testing error Project tester
and application
programmer
Medium Frequent If the project is
not tested
properly then
at the
execution
phase the
project

24PROJECT MANAGEMENT
manager will
fail to
implement the
expectation.
Thus experts
are needed to
be hired for the
project testing
evaluation
Project closure
phase
Maintenance
error
Project manager High Frequent In order to gain
long term
success post
project
maintenance
and long term
action plans are
required to be
developed by
the project
manager to
avoid the post
implementation
issues