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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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

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R2 Improper
managemen
t
70% 4 210 Network
engineer
Strategies
related with
project
managemen
t can be
used.
Threat
R3 Network
issues
90% 4 360 Newark
engineer
s
Experienced
network
engineers
should be
hired for
resolving
the issues
and
challenges.
Threat
R4 Lack of
experience
80% 4 360 Training
facility
should
be given
to thee
team
members
Project
manager
Threat
R5 Extension
of schedule
90% 4 360 Project
manager
It is found
that the
problem can
Opportunity

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be resolved
by
extending
the schedule
within the
project.
5. Part Five
5.1 Statement on project quality
The entire project quality can be successfully managed by using the steps and
strategies that are provided below:
 Examining the requirements of the project
 Undertaking appropriate testing
 Giving proper facility of training
 Undertaking testing within the project
5.2 Verification activities
Verification Activity When?
Testing of requirements Before the hardware and software are used
Review of team specification Closure phase
Ode review Development phase
5.3 Validation activities

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6. Part Six:
6.1 Annotated Bibliography
Refer to Appendix
6.2 Closure checklist
Closure checklist Checklist options
Does the risks associated with the development project
are closed?
yes
Does the requirement gathering based traceability
matrix is properly checked?
Yes
Does all the project review is completed? Yes
Does the documentation is done? Yes
6.3 Project evaluation
Evaluation Criteria Option
Does the objectives of the projects are achieved? Yes  No 
Does the review of he project activities are done properly? Yes  No 
Doe all the activities get finished within time? Yes  No 
Validation Activity When?
Getting feasibility approval Initiation phase
Getting approval of the design documents Designing phase
Getting approval of the testing of user
acceptannce
Testing phase

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Bibliography
Cagliano, A. C., Grimaldi, S., & Rafele, C. (2015). Choosing project risk management
techniques. A theoretical framework. Journal of Risk Research, 18(2), 232-248.
Carvalho, M. M., & Rabechini, R. (2017). Can project sustainability management impact
project success? An empirical study applying a contingent approach. International
Journal of Project Management, 35(6), 1120-1132.
Chih, Y. Y., & Zwikael, O. (2015). Project benefit management: A conceptual framework of
target benefit formulation. International Journal of Project Management, 33(2), 352-
362.
Hornstein, H. A. (2015). The integration of project management and organizational change
management is now a necessity. International Journal of Project Management, 33(2),
291-298.
Joslin, R., & Müller, R. (2015). Relationships between a project management methodology
and project success in different project governance contexts. International Journal of
Project Management, 33(6), 1377-1392.
Kaiser, M. G., El Arbi, F., & Ahlemann, F. (2015). Successful project portfolio management
beyond project selection techniques: Understanding the role of structural
alignment. International Journal of Project Management, 33(1), 126-139
Klein, L., Biesenthal, C., & Dehlin, E. (2015). Improvisation in project management: A
praxeology. International journal of project management, 33(2), 267-277.
Papke-Shields, K. E., & Boyer-Wright, K. M. (2017). Strategic planning characteristics
applied to project management. International Journal of Project Management, 35(2),
169-179.

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Sánchez, M. A. (2015). Integrating sustainability issues into project management. Journal of
Cleaner Production, 96, 319-330.
Silvius, A. J., & Schipper, R. P. (2014). Sustainability in project management: A literature
review and impact analysis. Social Business, 4(1), 63-96.
Takey, S. M., & de Carvalho, M. M. (2015). Competency mapping in project management:
An action research study in an engineering company. International Journal of Project
Management, 33(4), 784-796.
Todorović, M. L., Petrović, D. Č., Mihić, M. M., Obradović, V. L., & Bushuyev, S. D.
(2015). Project success analysis framework: A knowledge-based approach in project
management. International Journal of Project Management, 33(4), 772-783.
Willems, L. L., & Vanhoucke, M. (2015). Classification of articles and journals on project
control and earned value management. International Journal of Project
Management, 33(7), 1610-1634.

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Appendices
Appendix 1: Annotated Bibliography
Article 1: Hornstein, H. A. (2015). The integration of project management and
organizational change management is now a necessity. International Journal of Project
Management, 33(2), 291-298.
The articles reflects that the integration of the PM processes within the organisational
management is one of the significant necessity in order to achieve success. It is identified that
the entire process of the PM and the training that is provided to the project managers
generally helps in creating impact of the organizational change on the failure as well as
success of the project . The case that reflects that it is very much necessary for the project
managers to become much more conversant with the various changes within the organization
management is generally made by reviewing number of articles by the researchers.
Additionally, it is found that the various related agencies PMI as well as IPMA are generally
provided with appropriate encouragement for including education related with OCM
procedure of certification.
Article 2: Todorović, M. L., Petrović, D. Č., Mihić, M. M., Obradović, V. L., &
Bushuyev, S. D. (2015). Project success analysis framework: A knowledge-based
approach in project management. International Journal of Project Management, 33(4),
772-783.
The paper is based on the project success analysis outline. It is found that one of the
significant issues that is related with the PM is the improper as well as poor success analysis
and improper documentation on the results of the project that is undertaken previously. In the
present research, proper investigation is doe and the investigation generally reflects that the
way in which the project success analysis is mainly represented as a outline in order to

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improve the knowledge management with the environment of the project. It is found that an
empirical research study was mainly undertaken for elaborating the contribution of the
project success analysis framework for managing the knowledge within the project
management. Moreover, the results of the generally confirms that the success analysis of the
project generally influences the entire knowledge based transfer within the environment of
project. In addition to this, the paper also helps in reflecting the integrated framework mentor
project success of the as it is one of the knowledge based project management.
Article 3: Willems, L. L., & Vanhoucke, M. (2015). Classification of articles and
journals on project control and earned value management. International Journal of
Project Management, 33(7), 1610-1634.
The paper generally classifies the articles as well as journals on earned value
management as well as project control. It is found that the entire paper helps in providing
proper overview on the present literatures ta are associated with eared value as well as project
control which further as three ambitions. Within the three ambitions, the first reveals that the
selection procedure of the journal helps in providing concern about the various types of
quality based journals. Secondly, it the paper which are associated with earned value
management as well as project control are mainly classified on the basis of six different
distinct cases. Thirdly the classification helps in indicating the urgent trend as well as various
areas o potential so that the future research can be properly undertaken in the future.