1. Part One 1. 1 MOV - MeasurableOrganisationalValue RankingArea of Impact 1Overall revenue of the Globex 2Increase the accuracy to maximize level 3Manage the data and information 4Business operation Strategy 5Social connectivity 1.2 Project value The project will provide following values: Better:The standard of the daily operational activities will be enhanced from existing to better services and on the other hand the customers will be provided with enhanced and faster services. Faster:the services and the product being availed by the Globex will become more faster than earlier in manner to enhance the existing services. 1.3 Comparison Metric and Time Frame RankArea of ImpactTime FrameMetric 1Overallrevenueof the Globex3 monthsIncrease the yearly revenue by 20% 2Increasethe accuracyto maximize level 2 monthsIncrease the efficiency up to more than 90% 3Managethedata and information3 monthsFaster the services through automatingthedatabase management 4Businessoperation Strategy2 monthFastingandenhancingthe servicesandwaysof delivering services 5Social connectivity2 monthsConnect the employees and customers in social network platform 2. Part Two: 2.1 Scope Scope of this project can be listed as: Increase the overall revenue Fastening and enhancing the manner of service delivery
Eliminate the human errors to the extent level Allow data access and management in effective and efficient manner Provide a sophisticated model to be followed for the accomplishment of the enhancement for the Globex Targeting enhancement in the customer satisfaction Migrating data over an online system and allow data and information access for 24*7 Allowing the employees of the Globex to minimize the workload Complete the project within deadline Accomplish all the milestones without altering the milestones 2.2Out of Scope compatibility with the devices having different operating systems, coding, hosting, programming, and others Conflicts among the staffs and employees Changes implemented after evaluation Uncertainties due to natural calamity 2.3Assumptions Executives will approve the project draft Resources will be available throughout the project lifecycle Risks has been minimized to the extent level The prices of the resources will be same throughout the project development 2.4 Constraints The quality of the project will be of highest quality The project will be completed within 190 days The cost of the project will not increase more than $ 35,000 2.5 Scope Management Plan Manage resource availability Comply the business rules with new implementation Impact of the risk is managed to the minimum level Risk handling delivery considering the identification of the positive and negative risks Regular monitor and audit 2.6 Resource Plan Human Resources Resource NameStd. Rate Project Manager$50.00/hr Marketing and Commerce Manager$45.00/hr Technical Expert$40.00/hr System Trainer$35.00/hr Technical Integration Specialist$40.00/hr Developer$35.00/hr IT Manager$40.00/hr
Data Management Officer$25.00/hr Project Supervisor$25.00/hr Technology HardwareCloudStorage,computers,cables,electricconnections, switches, wireless connectivity appliances SoftwareMy – SQL database, software, MS office NetworkInternet, Intranet Facilities Network connection will be available throughout the project cycle including all the resources necessary for the deployment of the successful project. the budget will be signed by the contractor and further raise in the prices will be handled by themselves. 3. Part Three: 3.1 Project Milestones Task NameDurationStartFinish Online Stud Farm Management System Development188 daysMon 12/18/17Wed 9/5/18 Phase 1: Planning35 daysMon 5/21/18Fri 7/6/18 Milestone 1: planning completed0 daysFri 7/6/18Fri 7/6/18 Phase 2: Initiation10 daysMon 7/9/18Fri 7/20/18 Milestone 2: initiation completed0 daysFri 7/20/18Fri 7/20/18 Phase 3: Execution29 daysWed 7/25/18Mon 9/3/18 Milestone 3: execution completed0 daysThu 8/16/18Thu 8/16/18 Phase 5: Training188 daysMon 12/18/17Wed 9/5/18 Milestone 5: completed0 daysThu 12/21/17Thu 12/21/17 phase 6: Project Closing9 daysFri 12/22/17Wed 1/3/18 Milestone 6: completed0 daysWed 1/3/18Wed 1/3/18 3.2Project Activities 0Online Stud Farm Management System Development 1Phase 1: Planning 1.1Meeting with stakeholders
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1.2Drafting project proposal 1.3Analysing requirements 1.4Draft proposition 1.5Approval 1.6Sign-off 1.7Project charter development 1.8Approval 1.9Milestone 1: planning completed 2Phase 2: Initiation 2.1Analysing budget 2.2Requirement analysis 2.3System Design development 2.4Assigning roles and responsibilities of stakeholders 2.5Milestone 2: initiation completed 3Phase 3: Execution 3.1Software Analysis 3.2Hardware analysis 3.3Software Integration 3.4Hardware integration 3.5Incorporating Hardware and software for the system 3.6UI integration 3.7Online storage 3.8Data migration to the database 3.9Milestone 3: execution completed 3.10Phase 4: Monitoring and controlling 3.10.1Simulation testing 3.10.2Black box testing
3.10.3Real world application testing 4Phase 5: Training 4.1training to employees 4.2Analysing learning enhancement 4.3system tutorial 4.4Milestone 5: completed 5phase 6: Project Closing 5.1project review 5.2project documentation 5.3stakeholders sign-off 5.4Milestone 6: completed 3.3 Project Resources Resource NameTypeStd. Rate Project ManagerWork$50.00/hr Marketing and Commerce ManagerWork$45.00/hr Technical ExpertWork$40.00/hr System TrainerWork$35.00/hr Technical Integration SpecialistWork$40.00/hr DeveloperWork$35.00/hr IT ManagerWork$40.00/hr Data Management OfficerWork$25.00/hr Project SupervisorWork$25.00/hr HardwareMaterial$2,500.00 Development SoftwareMaterial$4,000.00 Figure 2: Project resources (Source: Created by Author) 3.4 Time Estimation The project is expected to be completed within 188 days and the whole estimated expanses is $34,640 as explained in the below screenshot of the MS project:
Figure 3: Time estimation (Source: Created by Author)
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3.5 Project Budget Figure 4: Project budget (Source: Created by Author)
3.6 Time Phase Budget Phase 1: PlanningPhase 2: InitiationPhase 3: ExecutionPhase 5: Trainingphase 6: Project Closing $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 $20,000.00 Actual CostRemaining CostBaseline Cost Figure 5: Time phase budget (Source: Created by Author) NameRemaining CostCostCost Variance Phase 1: Planning$17,160.00$17,160.00$17,160.00 Phase 2: Initiation$2,920.00$2,920.00$2,920.00 Phase 3: Execution$5,840.00$5,840.00$5,840.00 Phase 5: Training$1,680.00$1,680.00$1,680.00 phase 6: Project Closing$7,040.00$7,040.00$7,040.00 4. Part Four: 4.1 Assumptions The assumptions are as follows: The available human resources will work as per the determined work hours Project will not increase more than $ 40,000 The milestones will be accomplished within the planned constraints
4.2 Project Risk and Management Strategy Risk ID DescriptionProbabilityImpactRateAssigned To Response Strategy Threator Opportunity Probability after mitigating Risk 01 Glitches and bugs 40%4250Software engineer AnIT committeefor evaluation Threat10% Risk 02 Risks associated with resources 10%2150Resource manager Resource management inefficient manner Threat2% Risk 03 Issues associated inthe developed design 30%3250Web Designer Mock-up presentation andapproval from real users Threat5% Risk 04 Increase in Schedule 50 %5400Project planner Preparing Ganttchart with milestones Opportunity10% Risk 05 Increase in budget 60%5400Project manager Estimating cost forevery aspect Threat10% 5. Part Five: 5.1 Statement on Project Quality The project will be managed as per the stated milestones and schedules and alterations will be made if certain activities are not meeting with the project constraints ISO 9001 standard will be applied for the management system Service legal agreements will be prepared and the project will be delivered accordingly Experienced and educated human resources will be appointed Knowledge related to previous projects will be applied 5.2 Set of Verification Activities Verification ActivityWhen?
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Resource Quality and quantityDuring planning phase Developed systemAfter execution phase Regular auditAfter execution till closure phase Survey from customers and consumersAfter the development of system 5.3 Set of validation activities 6. Part Six: 6.1 Annotated Bibliography Please see in Appendix 6.2 Closure Checklist Closure checklistChecklist options Documents have been revieweddone Testing completeddone Risks have been managedNot done Training to the employeesdone Project is change acceptabledone Project hand overNot done 6.3 Project Evaluation Evaluation CriteriaOption Feasibility of design that is created for the systemYesNo Project plan feasibilityYesNo Feasibility of the organizational operationYesNo Testing the resultsYesNo Validation ActivityWhen? TestingAfter the development of the system SimulationDuring execution phase ROI and NPVAfter executing the estimation of the budget
Bibliography Boud, D., Cohen, R., & Sampson, J. (Eds.). (2014). Peer learning in higher education: Learning from and with each other. Routledge. Cagliano, A. C., Grimaldi, S., & Rafele, C. (2015). Choosing project risk management techniques. A theoretical framework.Journal of Risk Research,18(2), 232-248. Coombs, C.R., 2015. When planned IS/IT project benefits are not realized: a study of inhibitors and facilitators to benefits realization.International Journal of Project Management,33(2), pp.363-379. Fleming, Q.W. and Koppelman, J.M., 2016, December. Earned value project management. Project Management Institute. Harrison, F. and Lock, D., 2017. Advanced project management: a structured approach. Routledge. Heagney, J., 2016.Fundamentals of project management. AMACOM Div American Mgmt Assn. Heldman, K., 2018. PMP: project management professional exam study guide. 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), pp.291-298. Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Martinelli, R.J. and Milosevic, D.Z., 2016. Project management toolbox: tools and techniques for the practicing project manager. John Wiley & Sons. Riol, H., & Thuillier, D. (2015). Project management for academic research projects: balancing structure and flexibility.International Journal of Project Organisation and Management,7(3), 251-269. Schwalbe, K., 2015. Information technology project management. Cengage Learning. Svejvig, P. and Andersen, P., 2015. Rethinking project management: A structured literature review with a critical look at the brave new world.International Journal of Project Management,33(2), pp.278-290. Terlizzi, M.A., de Souza Meirelles, F. and de Moraes, H.R.O.C., 2016. Barriers to the use of an IT project management methodology in a large financial institution.International Journal of Project Management, 34(3), pp.467-479.
Appendix 1: Annotated Bibliography Article 1:Riol, H., & Thuillier, D. (2015). Project management for academic research projects: balancing structure and flexibility.International Journal of Project Organisation and Management,7(3), 251-269. Riol and thuillier (2015) claimed that the project evaluation is the most crucial factor for the successful development and deployment of any project and delivering it with the highest priority and quality. The project evaluation is a process of determining to what extent the deliverables of the project has been delivering as per the determined scope and goal of the project. They have also stated that it should be incorporated within the phases of the project as it has the same priority than that of the other five phases of the project management. Monitoring and controlling is the phase where the project evaluation can make its place considering the smooth and effective flow and management of the project evaluation process. Project evaluation techniques and tools such as checklist and analysing the NPV (Net present Value) has been described as the effective tool for the deployment of a successful project and identifying the quality of the project. Article 1:Coombs, C. R. (2015). When planned IS/IT project benefits are not realized: a study of inhibitors and facilitators to benefits realization.International Journal of Project Management,33(2), 363-379. Coombs (2015) claimed various tools and techniques those could be applied within a project for identifying the feasibility of the project considering the delivery of the successful project. He claimed that NPV can only not be the effective tool for the delivery of a successful project evaluation phase and in addition with the NPV (Net Present Value), IRR (Internal Rate of Return), PP (payback period), Benefit-cost ratio, and ARR (Accounting Rate of Return) have been recommended as the effective tools for the delivery of an efficient and effective project evaluation. He emphasizesthat thereshould besome quantitativemeasureforthe deployment of the project evaluation and determining the feasibility of the output of the project considering the perspective of the customers and the organizational overall revenue. Article 3:Cagliano, A. C., Grimaldi, S., & Rafele, C. (2015). Choosing project risk management techniques. A theoretical framework.Journal of Risk Research,18(2), 232-248. Caglino et al. (2015) described the same statement as Coombs (2015) and emphasized on identifying the quantitative measurable value for the project evaluation and recommended it as the best approach for the delivery of the project. They have presented a research that determines that the project evaluation has been very crucial for the development and deployment of a successful project. They have stated that the risk management strategies should involve the project evaluation as one of the crucial phase in manner to identify the effectiveness of the strategies and activities deployed in the project and determine whether the proposed system is capable of delivering the objectissssves and goals of the organization or not. Ms Project screenshots Screenshot 1:
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