University Project: I-Crop Online Cash Marketplace Development Plan

This project management assignment details the development of an online cash marketplace platform, I-Crop. It encompasses various project management aspects, including the measurable organizational value, project scope, resource allocation, time estimation, budget planning, risk management strategies, and quality assurance measures. The project is broken down into six parts, covering areas such as project activities, milestones, and a detailed annotated bibliography. The document outlines the project's value proposition, emphasizing improvements in customer experience, operational efficiency, and financial gains. It includes a comprehensive scope management plan, delineating project deliverables and out-of-scope items. The project plan incorporates detailed timelines, budget allocations, and risk assessment strategies, with mitigation plans for potential issues like network fluctuations and data theft. The assignment concludes with a closure checklist and project evaluation criteria, ensuring a structured and comprehensive approach to project completion.

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

1
PROJECT MANAGEMENT
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

2
PROJECT MANAGEMENT
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

3
PROJECT MANAGEMENT
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

4
PROJECT MANAGEMENT
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

5
PROJECT MANAGEMENT
 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

6
PROJECT MANAGEMENT
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

7
PROJECT MANAGEMENT
3.2 Project activities
Figure 1: Project activities
(Source: Created by Author)

8
PROJECT MANAGEMENT
3.3 Project resources
Figure 2: Project resources
(Source: Created by Author)

9
PROJECT MANAGEMENT
3.4 Time estimation
Figure 3: Timeline
(Source: Created by Author)

10
PROJECT MANAGEMENT
3.5 Project budget
Figure 4: Project budget
(Source: Created by Author)

11
PROJECT MANAGEMENT
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