Globex Corporation: Management Plan for I-Crop Online Cash Marketplace

This report provides a detailed analysis of Globex Corporation's management plan for developing an online cash marketplace for I-Crop. The introduction outlines Globex Corporation's establishment and its expansion strategy, including the new online platform. Part 1 focuses on Measurable Organizational Value (MOV), detailing how the project aligns with Globex's mission and strategy, the areas of impact (finance, operations, customers, and social), and the metrics and timelines for achieving the project's objectives, such as increasing profits and revenue. Part 2 defines the project scope and its management plan, including scope definition, scope management tasks (gathering information, defining scope, creating work breakdown structure, verifying scope, and controlling scope), and the resources required. The report also includes project scheduling, risk analysis, quality management, and closure/evaluation plans. The conclusion summarizes the key findings and recommendations for the successful implementation of the online cash marketplace. The report references several sources to support the analysis and recommendations.

MANAGEMENT PLAN

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
Measurable Organisational Value...............................................................................................1
PART 2............................................................................................................................................4
Scope and its management plan..................................................................................................4
PART 3............................................................................................................................................6
Project scheduling.......................................................................................................................6
PART 4 .........................................................................................................................................12
Analysis of risk and plan .........................................................................................................12
TASK 5 .........................................................................................................................................15
Quality management plan ........................................................................................................15
TASK 6 .........................................................................................................................................16
Closure and Evaluation.............................................................................................................16
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................19

INTRODUCTION
Globex corporation was established in year 2013 when two large firms Riverina precision
farming and BT & sons farming equipment merged together. Globex corporation has been
headquartered at riverina region of New south Wales and also been located at three other regions
that is Albury, Griffith and Wagga. The company has also established their new office at orange
in order to provide efficient services in the central West and meet the demands of various Stud
farms in the area. Globex corporation is coming up with new online cash marketplace platform-
with assistance of I- crop ( Hwang, Zhao & Toh, 2014).
Present reports highlights measurable organisational value and identifies the desire area
of impact on customer after developing of website. Assignment discusses about range and
represents a scope management plan. It discusses about the time frame for achieving MOV.
PART 1
Measurable Organisational Value
Measurable organisational value (MOV) can be termed as overall objective of project and
plan through which companies success is measured. MOV is mainly used to provide the real
value to organisation. In order to provide value to consumer, project must be related to firm’s
vision, mission and strategy. The plan implemented must be measurable, specific and reliable.
Area of impact
(Ranking in term of
importance)
Description
Rank 1- Finance Globex corporation will be involved in creating new online website
for I-Crop which would help the company in raising profits. This
will also assist firm in exploring the new opportunities domestically
and internationally anytime, anywhere. It will attract new as well as
existing consumers to visit the website. This strategy will motivate
customers to pay more for finding agriculture solutions
immediately. This can lay a positive impact and will support in
raising cash inflow in business.
Rank 2- Operational Customers will pay more in order to find the best solutions to the
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agricultural issues they are facing. This will positively enhance the
productivity, profitability and efficiency of company.
Rank 3-Customers The website which will be developed by organisation for I-crop will
support them in identifying and detecting the needs and demands of
consumers. This will support in developing relationship between
provider and user that would result in maintaining easy transaction
among buyers and sellers.
Rank-4 Social By doing their business online Globex corporation will get an
opportunity to deal with lot of consumers which would help in
developing their social status (Hwang, Zhao & Toh, 2014). The
project will support the organisation in meeting its social
responsibilities to great extent. Also, it will help in building the
good will of company.
Achievement of Target metric
Globex corporation will able to attend this objective within the time span of one year. Online
developing of website and IT projects plans will help company in attracting a lot of new
consumers which would help firm in expanding their business. Organisation will be regularly
involved in keen market research about consumers taste and preferences and will be focused on
designing goods in accordance to buyers requirements.
To achieve measurement of value globex corporation will need a time frame of 1 year,
within the period of one year the company would be able to meet the requirement of customers.
By analysing MOV, it can be interpreted that creating website by globex corporation would help
in increasing the profit of organisation and also support in gaining competitive advantage
(Hwang, Zhao & Toh, 2014).
Summarisation of MOV
The main objective of globex corporation is to enhance the cash system and provide
immediate solutions to the problems faced by customers. The organisation is required to set
quantitative targets for completing the project efficiently and effectively. These goals will
support organisation in measuring overall success in their business.
Metrics and timelines are discussed below-
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 The website developed for I-crop will support in generating 10% more profit in
comparison to previous year before the installation of this application. It will support
organisation in developing 40% more revenue in the middle of year by launching the
website and communicating its overall advantages to all the consumers. Investors of
Globex corporation is involved in getting high return over their investments by expanding
their business online. Consumers have an expectation of getting high quality goods, the
project for creating business online will help company in saving time which would result
in consumer getting quality goods or services. It will help firm in increasing the number
of customers in business by 25% till the end of year
 The developing of new cash system will help company in decreasing the traffic in the
middle of year on entry gate and secure payment system will help in gaining customer
loyalty and trust.
Project value
Basis Description
Faster Creating website for I-crop by globex corporation will support
the customers in easily solving their agricultural issues. IT can
assist them in easy payment without standing in a queue for
long duration. It will help in saving time for both organisation
and consumers. Also, this will help in reducing manual errors
as all the task would be performed online by responsible
technical member of the company (Hwang, Zhao & Toh,
2014). Organisation can be able to deal with mass audience in
less time. Faster services can be imparted to customers by
doing business online. It will help company in gaining
competitive advantage and support in increasing customer
satisfaction.
Do more Globex corporation will get positive response because of the
online cash system. This would also develop a healthy
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relationship between consumers and company which will
support organisation in gaining customer loyalty. Customers
will be satisfied by improvised facilities like immediate
payment to organization with the help of website. Also, clients
of globex corporation requires ongoing growth of firm which
will be supported by immediate services and solution to their
problem.
Better The online website will help company in better addressing the
problems of consumers which will assist in enhancing the
payment methods. This system will help purchasers in getting
desired goods in less amount of time. Further, clients of
company will have the ability to set an offer that can be
immediately placed by them in market by doing the
transactions online. It would help clients in easily selling
warehoused grains to their preferred purchasers.
Cheaper Online transactions will help in saving time and money of both
consumers and company. It would deduct time to gather
payment from each buyer which would result in decreasing
cost of running a business. This method can also support
company in developing high quality products in saved time.
Thus, the advancement in system and process management
will aid the firm in maintaining cost effectiveness in business
operations.
PART 2
Scope and its management plan
Definition of Scope
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Project scope can be termed as an internal part of project planning that identifies and
document objectives, vision, mission, features, deadlines and cost. Project manager is provided
with responsibility to manage all these tasks.
The website developed for I-crop by globex corporation will provide support in doing
easy and fast transaction online and would also support in offering ownership to consumers
while doing payment. Consumers would be able to save a lot of time by making a purchase
online.
Scope management plan-
There are many tasks which would be done in website of globex corporation which are
discussed below-
 Gathering of information: PM of the website project developed by globex corporation
needs to establish the requirements to meet the target (Crawford (2014).
 Define scope- It is very important for company to define scope and identify deliverables,
assumptions and risked associated with the project.
 Creation of work break down structure- Manager is required to break all the tasks and
activities into sub-parts and segregate it on the basis of the requirements. This would
support in completing the entire project on time.
 Verify scope- This is one of the most important process in scope management plan. In
this phase team gets approval for the entire project whether it needs to be continued or
not.
 Control scope- Project manager has to keep a control over all the task been performed in
project and should have a keen analysis of activities from time to time, so that it can meet
with its targets and can manage scope (Hwang, Zhao & Toh, 2014).
Project manager who have given the responsibility of managing online cash system for I-
crop by globex corporation has to make sure that the website developed can meet the
requirements of all shareholders in order to manage scope. Also, the resources needs to be
managed by manager efficiently (Archibald, Filippo & Di Filippo, (2012). This will help them
in reducing the unnecessary expensed of business and support company in raising their revenue
as well as profit.
Scope control is one of the most important section of management plan as it can support
individuals in planning effective control on overall tasks and managing the scope effectively.
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Board of mangers are provided with the responsibility to check the progress of all the activities
performed and they are also expected to measure advantages by utilising scope measurement
tools (Archibald, Filippo & Di Filippo, (2012). All the above mentioned elements will assist in
managing scope in online cash system website developed for I-crop by Globex corporation. This
will help company in exapnding their market and also attract nee consumers. Furthermore, it will
help organisation in building a positive relationship with consumer which would enhance
consumer loyalty. It would be beneficial for company.
Scope will be managed by determining in scope and out scope items which includes-
In scope: Online website related to payment will be open for all gadgets, customer would
be benefited by this as it would help them in easy making of payment by utilising any of the
gateway (Hwang, Zhao & Toh, 2014).
Out scope: Customers would not be able to alter their decision after doing payment.
Deliverables: Work would be easy to do and according to demands of customers.
Acceptance criteria: Time, expense, quality will be the main criteria for acceptance for
globex corporation on this project.
List of resources required for this project
Project manager of organisation would need various important resources to meet the
demands of this project within required period of time. For managing scope , it is very necessary
that individual have sufficient resources (Archibald, Di Filippo & Di Filippo, (2012). Here, the
manager would require people or human resources. If human resources in an organisation is able
to perform well then manager would be able to complete the task within given period of time.
Moreover, manager would require technological resources such as hardware, software,
printer, Xerox machine, CPU, Ram and many more so that the new website can be created
effectively. Other resources can also be needed for training and travelling purposes. If all these
resources are available to manger, then it will support company in meeting their objectives and
making this project more successful.
Resource list by using MS project
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PART 3
Project scheduling
It is one of the most import component of management plan as it provides manager with
the responsibility to divide the business activities into sub-parts so that it would be easy for th
company to achieve these tasks within the specified period of time (Project quality management.
2018). It includes milestones for each phase and deliverables, includes many activities, assigned
resources and expenses.
Activities
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Budget
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