ITC 505 Project Management: Developing I-Crop Online Marketplace

This document presents a comprehensive project charter for the development of the I-Crop online cash marketplace platform. It includes a measurable organizational value (MOV) assessment, defining the project's strategic, customer, financial, operational, and social impacts. The project scope encompasses mobile application and website development, prototype design, and testing, while explicitly excluding training arrangements and supplier details. The charter outlines a detailed scope management plan, resource allocation, project milestones, activities, and a time estimation. It also addresses potential risks and mitigation strategies, quality management, and project closure procedures. A time-phased budget and annotated bibliography are provided to ensure project success. Desklib is your go-to for accessing similar solved assignments and project resources.

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.................................................................................................................................3
2.1 Project scope....................................................................................................................3
2.2 Out of scope.....................................................................................................................3
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...............................................................................................................................12
5.1 Statement on project quality...........................................................................................12

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5.2 Verification activities.....................................................................................................12
5.3 Validation activities.......................................................................................................13
6. Part Six:................................................................................................................................13
6.1 Annotated Bibliography.................................................................................................13
6.2 Closure checklist............................................................................................................13
6.3 Project evaluation...........................................................................................................13
Bibliography.............................................................................................................................15
Appendices...............................................................................................................................17
Appendix 1: Annotated Bibliography..................................................................................17

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1. Part 1:
1.1 Measurable organizational Value (MOV)
Area of Impact Rank (1 - 5)
Operational 1
Customer 2
Financial 3
Social 4
Strategy 5
1.2 Desired project plan value
The expected value which is associated with the project are reflected below::
Faster: The services which will be delivered with the help of the few system is
quite after as compared to the previous services.
Better: Better as well as much improved services are mainly delivered to the
clients and thus it is very much helpful for enhancing the organizational efficiency.
1.3 Appropriate metric
Rank Metrics Impact Timeframe
1 Operational Improvement in the
organizational
efficiency by 5%
90 days
2 Customer Rise in the
customers number
by 5% due to the
system
70 days

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3 Financial Rise in revenue of
the organization by
10%
65 days
4 Social Platform like
Facebook is used for
promotion of that
services.
80%
5 Strategy Proper as well as
effect strategy is up
for proper cot
management.
70%
2. Part 2:
2.1 Project scope
The scope of the project include:
 Proper development of mobile application ad website
 Proper prototype designing
 Undertaking testing
 Providing frailty of internet connection
2.2 Out of scope
The project out scope include:
 Information as well as details related with the arrangement of training not provided
 Information about the suppliers not provided

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2.3 Scope management plan
The processes which are required to be used for managing the project successfully are
listed below:
 Knowing the project needs effectively
 Understanding the reasons based scope management
 Developing Work breakdown structure
 Management of the scope of the project
2.4 Project resources
People: The resources include:
Technology: The needed technologies are:
Software PHP, HTML, CSS
Hardware RAM, hard disk, desktop,
Network Server

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Others: Extra payment is provided as allowance to the workers who generally work
beyond the shift hours.
3. Part three
3.1 Project milestones

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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
October 2018 November 2018 December 2018 January 2019 February 2019
$0.00
$5,000.00
$10,000.00
$15,000.00
$20,000.00 $17,900.00
$10,940.00 $12,050.00 $10,030.00
$6,220.00
Time-phase budget
Cost
Figure 5: Time phase budget
(Source: Created by Author)
4. Part four
4.1 Assumptions
The assumptions include:
 It is assumed that proper integration of the system with the information of the site
 Completion of the objectives of the project within time
 Proper help from the team member can be achieved
4.2 Project risks and project risk management strategy
Ris
k
ID
Description Probabilit
y
Impac
t
Rat
e
Assigne
d To
Response
Strategy
Threat or
Opportunit
y
R1 Data theft 90% 5 450 IIT
manager
Encryption
or use of
firewall will
be helpful.
Threat