Project Management Assignment: I-Crop Online Cash Marketplace Platform

This project management assignment details the development of an online cash marketplace platform, I-Crop. It covers various aspects of project management, including measurable organizational value, project scope, scope management plan, resource allocation (people and technology), project milestones, activities, time estimation, and budget. The project also addresses risk management, project quality, verification and validation activities, and provides an annotated bibliography. The assignment meticulously outlines the project's phases, from feasibility analysis to closure, and includes detailed figures illustrating project activities, resources, time estimation, and the budget. The project focuses on the development of a website and mobile application, online transaction facilities, and features such as mobile application features and customized facilities. The risks associated with the project are identified with their probabilities, impact and mitigation strategies. Furthermore, the document includes a closure checklist and a project evaluation section to assess the project's success. The project aims to improve customer service and financial growth by implementing an online marketplace. This assignment is a comprehensive guide for the I-Crop platform's development from a project management perspective.

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

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PROJECT MANAGEMENT
Table of Contents
1. Part One..................................................................................................................................2
1.1 Measurable organizational Value.....................................................................................2
1.2 Project plan Value............................................................................................................2
1.3 Appropriate metric...........................................................................................................2
2. Part Two.................................................................................................................................4
2.1 Project scope....................................................................................................................4
2.2 Out of scope.....................................................................................................................4
2.3 Scope management plan...................................................................................................4
2.4 Project resources..............................................................................................................4
3. Part three................................................................................................................................5
3.1 Project milestones............................................................................................................5
3.2 Project activities...............................................................................................................6
3.3 Project resources..............................................................................................................7
3.4 Time estimation................................................................................................................8
3.5 Project budget...................................................................................................................9
3.6 Time phase Budget.........................................................................................................10
4. Part four................................................................................................................................10
4.1 Assumptions...................................................................................................................10
4.2 Project risks and project risk management strategy.......................................................11
5. Part Five...............................................................................................................................13
5.1 Statement on project quality...........................................................................................13

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5.2 Verification activities.....................................................................................................13
5.3 Validation activities.......................................................................................................14
6. Part Six:................................................................................................................................14
6.1 Annotated Bibliography.................................................................................................14
6.2 Closure checklist............................................................................................................14
6.3 Project evaluation...........................................................................................................14
References................................................................................................................................15
Appendices...............................................................................................................................17
Appendix 1: Annotated Bibliography..................................................................................17

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1. Part One
1.1 Measurable organizational Value
Area of Impact Rank (1 to 5)
Customers 1
Operational 2
Financial 3
Social 4
Strategy 5
1.2 Project plan Value
The expected value of the project are reflected below:
Better: The new system is helpful in providing much more efficient as well as better
operational services to the organization as compared to the services that the organization
presently provides.
Faster: The online transaction facility which is provided due to the development of
the new system will be much more when it is compared with the current system which is used
by the organization presently.
1.3 Appropriate metric
Rank Impact Metrics Timeframe
1 Customer Increment within
the number of
customer will be
around 10% due to
the improved
3 months

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PROJECT MANAGEMENT
services.
2 Operational The efficiency of the
operation generally
improves as well as
becomes better by
7%.
2.5 months
3 Financial Financial growth is
seen due to the rise
in the number of
organization’s
customers.
3 months
4 Social The facility of
Facebook is used for
the process of
promotion of the
services of the new
system
2 months
5 Strategy Different types of
management related
strategies are used
for properly
managing the
project.
2 months

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PROJECT MANAGEMENT
2. Part Two
2.1 Project scope
The scope of the project mainly includes:
 Website and mobile application development for I-crop
 Adding new features within the system
 Providing the transaction facility through online platform
 Proper designing of the system
 Addition of the mobile application features
 Proper recording the services
 Reviewing the facility
 Customized facility
2.2 Out of scope
The out scope are:
 External stakeholder’s related data and informational are excluded
 There is no information about the names of the suppliers.
2.3 Scope management plan
The initiative of scope management is undertaken by the project manager in order to
manage the scope of the I-crop project effectively.
2.4 Project resources
People: The associated people with the project are listed below:
Resource Name Std. Rate
Financial manager $ 45.00/hr
Project manager $ 50.00/hr
Project planner $ 45.00/hr

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Developer $ 45.00/hr
System engineer $ 45.00/hr
Designer $ 45.00/hr
Tester $ 40.00/hr
System analyst $ 45.00/hr
Database administrator $ 45.00/hr
Human resource manager $ 40.00/hr
Risk analyst $ 40.00/hr
Programmer $ 45.00/hr
System administrator $ 40.00/hr
Software engineer $ 40.00/hr
Project sponsor $ 0.00/hr
Technology:
Hardware RAM, hard disk, Laptop
Software Designing as well as project
development tool
Network Server
Others: Facility of free travelling is given to the workers who work late night after
their shift hours.
3. Part three
3.1 Project milestones
Milestone Completion Date
Milestone 1: Feasibility analysis completed Mon 08-10-18
Milestone 2: Completion of the resource allocation Mon 22-10-18
Milestone 3: Project requirement identification completed Mon 05-11-18
Milestone 4:Completion of the project development phase Thu 10-01-19
Milestone 5: Completion of the project testing Fri 25-01-19
Milestone 6: Completion of the project monitoring and control Wed 06-02-19

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Milestone 7: Completion of the project closure Mon 11-02-19
3.2 Project activities
Figure 1: Project activities
(Source: Created by Author)

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

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

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

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3.6 Time phase Budget
September
2018
October
2018
November
2018
December
2018
January
2019
February
2019
$ 0.00
$ 5,000.00
$ 10,000.00
$ 15,000.00
$ 20,000.00
$ 25,000.00
$ 30,000.00
$ 35,000.00
$ 40,000.00
$ 45,000.00
$ 50,000.00
$ 760.00
$ 18,000.00
$ 45,600.00
$ 15,720.00
$ 35,040.00
$ 4,520.00
Time-phase budget
Cost
Figure 5: Time phase budget
(Source: Created by Author)
4. Part four
4.1 Assumptions
The project related assumptions which are made are listed below:
 Finishing all the tasks that are needed to be accomplished for the development of the
system are completed within the expected time.
 The project managers as well as other staffs will provide proper support in finishing
the project.
4.2 Project risks and project risk management strategy
Ris Description Probabilit Impac Rat Assigne Response Threat or