Project Management Literature Review

This assignment involves a critical analysis of various academic articles related to project management. It focuses on three core aspects: risk identification strategies, the importance of monitoring and evaluation for successful project execution, and the crucial role of project management in achieving project objectives. The analysis delves into the methodologies and insights presented in each article, highlighting their contributions to the understanding of effective project management practices.

Running head: PROJECT MANAGEMENT
Topic- Riverina Agricultural and Lifestyle Show
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
Table of Contents
Part 1: Measurable organizational goal...........................................................................................3
1.1 MOV Summarization.............................................................................................................3
1.2 Project value..........................................................................................................................5
Part 2: Scope management plan.......................................................................................................5
2.1 Project scope..........................................................................................................................5
2.2 Scope management process...................................................................................................5
2.3 Project resources....................................................................................................................5
Part 3: Schedule and work breakdown structure.............................................................................6
3.1 Project Milestone...................................................................................................................6
3.2 Project activities.....................................................................................................................8
3.3 Project resources....................................................................................................................9
3.4 Time estimation...................................................................................................................10
3.5 Budget..................................................................................................................................13
Part 4: Project risk analysis and plan.............................................................................................15
4.1 Assumptions........................................................................................................................15
4.2 Project risks and management strategy................................................................................15
Part 5: Quality management plan..................................................................................................17
5.1 Statement on project quality................................................................................................17
5.2 Description of activities of project quality management.....................................................18

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6. Closure and Evaluation..............................................................................................................18
6.1 Annotated bibliography.......................................................................................................18
6.2 Developing closure checklist...............................................................................................19
6.3 Develop project evaluation..................................................................................................20
Bibliography..................................................................................................................................21
Appendices....................................................................................................................................23
Appendix 1: Annotated Bibliography........................................................................................23

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PROJECT MANAGEMENT
Part 1: Measurable organizational goal
1.1 MOV Summarization
Measurable organization value is referred to as one of the project goal which is generally
used in order to define the value that is brought with the help of team members within the
project. The MOV generally assists in identifying different areas of impact within the project.
Rank Factor Description Metrics Measurable
value
Time frame
1 Customer With the
development
of online
ticketing
system within
RALS, more
number of
customers
gets attracted
due to the
facility that
they are
getting with
the help of the
online
Feedback and
Suggestions
15% Increase 1 month

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ticketing
system.
2 Financial The money
which is
invested by
the
organization
“Globlex”
assists in
boosting the
entire
organizational
value.
NPV,
Revenue, and
Profit
Calculation
10% Increase 2 months
3 Social It is
identified that
the social
media
platform
plays an
important role
in promoting
the facilities
that the
Social Sites 12% Increase 2 months

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organization
is providing
to the
customers
which further
helps in
influencing
customers.
4 Strategy The project
manager
utilizes
appropriate
management
strategy in
order to
implement the
online
ticketing
system within
the project
successfully.
Strategic
Analysis
Matrix
5% Increase 3 months
5 Operational The
organizational
Management
Plan
10%
Decrease
2 months

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PROJECT MANAGEMENT
operations as
well as
functions can
be managed
quite easily
due to the
development
of online
ticketing
system within
the
organization
“RALS”.
1.2 Project value
The value that is delivered by the project plan is elaborated below:
Cheaper: Operational cost of the organization “RALS” decreases due to the
implementation of online ticketing system.
Faster: The operational speed of the organization increases which helps in decreasing the
response time between the customers as well as the clients.
Better: Due to the implementation of online ticketing system within RALS, the
customers can be able to get better services from the company which influences them.

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PROJECT MANAGEMENT
Part 2: Scope management plan
2.1Project scope
The project scope is mainly categorized into in-scope as well as out-scope.
In-scope: The in-scope of the project is elaborated below:
 Implementation of online ticketing system
 Helps in enhancing the financial revenue of RALS
 Helps in providing the facility of online booking and payment to the customers
Out-scope: The out-scope of the project are elaborated below:
 Facility of training is not provided to the workers
 Details about suppliers are not provided
2.2 Procedure of scope management
The scope management procedures are elaborated below:
Tracking signs of project creep: For managing the scope of the project, it is quite
necessary to track the changes within the project effectively. It is analyzed that proper
management of project helps in lowering the chances the scope creep within the project.
Changes within the project scope: If the changes that are needed to be done within the
project assist in incurring cost of the project then it is the responsibility of the project manager to
enhance the project budget in order to manage the scope of the project.
Understanding requirements of project: In order to manage the scope change within
the project it is quite necessary to understand the project requirements properly.

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PROJECT MANAGEMENT
2.3 Project resources
The project resources are as follows:
Human resources: The project stakeholders who are involved within the project are as
follows:
Resource Name Roles
Project manager
The project manager is mainly
responsible of initiating, planning,
designing as well as executing the entire
project successfully.
Project planner
The project manager mainly works with
the management team for planning as
well as tracking the time as well as costs
of the project
Project developer
Project developer mainly engages in
developing the online ticketing system for
the organization “RALS”.
System tester
The system tester mainly engages in
performing number of system test in
order to ensure that the project will
function well.
Financial manager The financial manager is the person who
is mainly responsible of developing

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PROJECT MANAGEMENT
strategies as well as plans in order to
manage the financial goals of the
organization.
Human resource manager
Human resource manager is the person
who is mainly responsible of recruitment
as well as training the employees of the
organization.
Technical engineer
The technical engineer mainly engages in
supervising as well as participating in
implementing online ticketing system.
Risk analyst
The risk analyst mainly engages in
analyzing the challenges as well as risks
that are associated with the project.
Software requirements: The software requirements of the project include workflow
management tool, reporting tool, task scheduling tool as well as communication tool.
Hardware requirements: The hardware requirement of the project generally includes
processor, data storage system, backup system and more.
Facility requirement: Proper team must be developed in order to complete the project in
different phases successfully within the estimated budget as well as time.
Others: Proper training facility must be provided to the workers of the projects so that
they can be able to work effectively within the project for completing it successfully.

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PROJECT MANAGEMENT
Part 3: Schedule and work breakdown structure
3.1 Project Milestone
Task Name Completion date
Milestone 1: Initiation phase completion Fri 2/23/18
Milestone 2: planning phase completion Thu 3/15/18
Milestone 3:Designining phase completion Fri 4/6/18
Milestone 4: Completion of system development phase Thu 4/12/18
Milestone 5: Testing phase completion Fri 5/4/18
Milestone 6: Completion of project implementation phase Wed 6/6/18
Milestone 7: Completion of closure phase Mon 6/11/18

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

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PROJECT MANAGEMENT
3.3 Project resources
Figure 2: Project resources
(Source: Created by Author)
3.4 Time estimation
Task Name Duration Start Finish

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Online ticket booking system in RALS 97 days
Mon
1/22/18
Tue 6/12/18
Project initiation phase 24 days
Mon
1/22/18
Fri 2/23/18
Business case development 5 days
Mon
1/22/18
Mon 1/29/18
Analyzing requirements of project 4 days Tue 1/30/18 Fri 2/2/18
Feasibility study 6 days Mon 2/5/18 Mon 2/12/18
Development of project charter 4 days Tue 2/13/18 Fri 2/16/18
Appointment of team members 5 days
Mon
2/19/18
Fri 2/23/18
Milestone 1: Initiation phase
completion
0 days Fri 2/23/18 Fri 2/23/18
Project planning phase 30 days
Mon
2/26/18
Wed 4/11/18
Project plan development 7 days
Mon
2/26/18
Tue 3/6/18
Resource plan development 6 days
Mon
2/26/18
Mon 3/5/18
Development of financial plan 5 days Wed 3/7/18 Wed 3/14/18
Development of management plan 6 days Wed 3/7/18 Thu 3/15/18

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PROJECT MANAGEMENT
Creation of quality management plan 7 days Fri 3/23/18 Wed 4/4/18
Assigning tasks to the project team
members
5 days Thu 4/5/18 Wed 4/11/18
Creation communication plan 6 days Thu 3/15/18 Thu 3/22/18
Milestone 2: planning phase
completion
0 days Thu 3/15/18 Thu 3/15/18
Project design phase 37 days Fri 3/16/18 Thu 5/10/18
Project design development 8 days Mon 4/9/18 Wed 4/18/18
Use case development 7 days Fri 3/16/18 Mon 3/26/18
Class diagram development of the
system
9 days Thu 4/19/18 Wed 5/2/18
Interface designing 7 days Tue 3/27/18 Fri 4/6/18
Phase contingency designing 6 days Thu 5/3/18 Thu 5/10/18
Development of project design 4 days Thu 5/3/18 Tue 5/8/18
Milestone 3:Designining phase
completion
0 days Fri 4/6/18 Fri 4/6/18
System development phase 33 days Mon 4/9/18 Thu 5/24/18
Coding 5 days Fri 5/11/18 Thu 5/17/18
Adding information within the database 5 days Fri 5/18/18 Thu 5/24/18
Re-estimation of the project 4 days Mon 4/9/18 Thu 4/12/18
Database connection with the system 6 days Mon 4/9/18 Mon 4/16/18
Milestone 4: Completion of system 0 days Thu 4/12/18 Thu 4/12/18

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development phase
Testing phase of the project 25 days Fri 4/13/18 Fri 5/18/18
Creation of development checklist 8 days Fri 4/13/18 Tue 4/24/18
Unit testing 9 days Thu 4/26/18 Tue 5/8/18
Integration testing 7 days Thu 4/26/18 Fri 5/4/18
User acceptance testing 4 days Tue 5/15/18 Fri 5/18/18
system testing 6 days Wed 5/9/18 Wed 5/16/18
Milestone 5: Testing phase
completion
0 days Fri 5/4/18 Fri 5/4/18
Project implementation phase 23 days Mon 5/7/18 Wed 6/6/18
System installation 7 days Thu 5/17/18 Fri 5/25/18
Checking the system implementation 6 days Thu 5/17/18 Thu 5/24/18
User training 6 days Mon 5/7/18 Mon 5/14/18
Testing of user acceptance 8 days
Mon
5/28/18
Wed 6/6/18
System handover 5 days Tue 5/15/18 Mon 5/21/18
Milestone 6: Completion of project
implementation phase
0 days Wed 6/6/18 Wed 6/6/18
Project closure phase 16 days Tue 5/22/18 Tue 6/12/18
Post project review 5 days Tue 5/22/18 Mon 5/28/18
Reassigning resources 4 days Thu 6/7/18 Tue 6/12/18
Stakeholder sign off 3 days Thu 6/7/18 Mon 6/11/18

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Documentation 4 days Tue 5/29/18 Fri 6/1/18
Milestone 7: Completion of closure
phase
0 days
Mon
6/11/18
Mon 6/11/18

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3.5 Budget
Project budget calculation
Figure 3: Budget calculation
(Source: Created by Author)

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Budget calculation
Project budget as per Gantt chart $82,807.00
Fringe 20% $16561. 40
Total project cost $99,368.00
Figure 4: Time phase budget
(Source: Created by Author)

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PROJECT MANAGEMENT
Part 4: Project risk analysis and plan
4.1 Assumptions
The assumptions that are made within the project are as follows:
 The project will be completed within the budget of around $73,640
 The project will took 95 days around to in order to execute successfully
 The system that will be implemented assists in providing proper facility of ticket
booking as well as payment
4.2 Project risks and management strategy
Risks Description Impact Probability Responsible
person
Mitigation
strategies

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PROJECT MANAGEMENT
Inappropriate
estimation of
budget
If the budget
that is needed
for completing
the budget is
not estimated
appropriately
then the
organization
will face
financial issues
in completing
the project.
High High Financial
manager
It is quite
necessary to
analyze the
market prices
appropriately
before
estimating the
project budget
so that the
budget of the
project will be
estimated
appropriately.
Improper
management
of project
If the project
manager is not
being able to
manage the
operation of the
project
effectively then
the project
manager will
face number of
Medium High Project
manager
It is quite
necessary to
hire
experienced
project
managers in
order to manage
the project
effectively.

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PROJECT MANAGEMENT
issues as well as
challenges in
completing the
project.
Inappropriate
functioning of
system
If the technical
engineer does
not tests the
system before
implementation
then the
problem with
the functioning
of the system
will grow.
High High IT team In order to
mitigate this
issue, it is quite
necessary to
tests the system
before
implementation
so that any
problem
associated with
the system can
be easily
resolved before
the
implementation
of the system.
Absence of
proper facility
of training
If proper
training facility
is not provided
Medium High Human
resource
manager
It is quite
important to
provide proper

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PROJECT MANAGEMENT
to the workers
then they will
face number of
issues as well as
challenges in
working with
the new system.
training facility
to the workers
so that they can
be able to work
with the system
properly.
Inappropriate
quality of
materials
The qualities of
materials that
are generally
utilized are of
poor quality
which generally
creates number
of quality issues
within the
project.
High Medium Quality
analyst
In order to
resolve this
issue it is quite
important to
utilize proper
quality of
materials.
Part 5: Quality management plan
5.1 Statement on project quality
The project “implementation of online ticketing system” mainly uses numerous types of
key elements in order to deliver quality services to the customers. It is identified that the key
elements generally assists in providing proper online ticketing as well as payment services to the

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PROJECT MANAGEMENT
customers. Furthermore the service culture, engagement of the employees as well as customer
experience within the organization got improved due to newly implemented online ticketing
system. Proper service culture as per the mission of the organization is generally created within
RALS in order to boost the yearly revenue. The system that is implemented is found to be very
much effective in providing high quality of customer services so that they can get more
influenced towards RALS. Additionally, it is found that the quality of service that is generally
delivered to the customers is mainly dependent on the strategic plan in order to fulfill various
objectives as well as goals of the organization “RALS”.
5.2 Description of activities of project quality management
The project quality can be managed with the help of two testing procedures which are
elaborated below:
Verification testing: Verification testing is used for elaborating that the system of online
ticketing will be implemented if only it meets all the regulations as well as rules of the
organization. After all the aspect of the organization is fulfilled by the system then only the
system will be implemented within the organization.It is identified that verification procedure
mainly includes all the activities that are mainly associated with producing high quality of
software. In addition to this, verification testing is mainly done in order to ensure that the system
that is implemented is generally capable of performing under the normal conditions and under all
the possible abnormal conditions.
Validation testing: Validation testing is considered as one of the technique that is
generally utilized for illustrating the system within the project development phase. It is analyzed
that this testing procedure is used in order to meet both the requirements as well as needs of the

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PROJECT MANAGEMENT
project.It is considered as one of the most important needs of the project management. It is
identified that the procedure of validation can be occurring either in one step or in multiple steps.
The only aim of validation testing is to check whether the project can be helpful in meeting the
specification or not. In addition to this, it is also used in order to determine the accuracy of the
final work by the team of development in context to the requirements of the user.
6. Closure and Evaluation
6.1 Annotated bibliography
It is provided in the appendix.

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6.2 Developing closure checklist
Task Name Resource Names Signature
Feasibility study
Financial manager, Human
resource manager, Project
manager
Project plan development
Project manager, Project
planner
Resource plan development Human resource manager
Creation of quality management
plan
Project manager, Risk analyst
Use case development Technical engineer
Class diagram development of
the system
Project developer, Technical
engineer
Interface designing
Project developer, Technical
engineer
Coding Project developer
Re-estimation of the project
Human resource manager,
System tester
Database connection with the
system
Project developer, Technical
engineer
Unit testing System tester
Integration testing Risk analyst