Project Charter: I-Crop New Online Cash Marketplace Platform

This document presents a comprehensive project charter for the development of I-Crop, an online cash marketplace platform. It begins by defining the project's Measurable Organizational Value (MOV), outlining desired areas of impact such as consumer reach, strategic advantages, operational efficiencies, financial gains, and social impact. The project scope is clearly defined, including objectives, team allocation, resource identification, and service delivery, while excluding website maintenance and supplier details. A scope management plan is detailed, covering project scope planning, requirement collection, scope definition, work breakdown structure creation, scope validation, and scope control. The document also outlines project milestones, activities, resources, time estimation, and budget, including a time-phased budget. Key assumptions are stated, and potential project risks are identified along with a risk management strategy. Finally, the document addresses project quality, verification, and validation activities, and includes a closure checklist and project evaluation criteria. The appendices contain an annotated bibliography.

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 (MOV)........................................................................2
1.2 Desired 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..............................................................................................................5
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.......................................................10
5. Part Five...............................................................................................................................13
5.1 Statement on project quality...........................................................................................13

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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

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1. Part One:
1.1 Measurable organizational Value (MOV)
Area of Impact Rank (1 - 5)
Strategy 2
Consumers 1
Financial 4
Operational 3
Social 5
1.2 Desired project plan value
It is found that out of the four values, the values which are mainly expected from this
project are elaborated below:
Cheaper: The organization does not need to pay extra on hiring number of staffs for
managing the operations of the organization due to management of the operations with the
help of online platform and thus the services are considered to be cheaper.
Faster: The project uses online platform for cash transaction and as result the cash is
transferred online which is considered as one of the faster methods.
1.3 Appropriate metric
Rank Metrics Impact Timeframe
1 Consumers 20% increment in
the consumers as the
organization
captures consumers
from different areas
irrespective of the
80 days

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location.
2 Strategy Business strategies
as well as
approaches are used
for avoiding the risk
factors as well as
various types of
competitive
challenges.
75 days
3 Operational All the desired
applications will be
helpful in making
the operation much
faster as well as
better.
70 days
4 Financial The features of the
organization would
be helpful in
enhancing the yearly
capital of the
organization.
75 days
5 Social The social
supportive structure
of the project assists
in the project
70 days

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promotion for
increasing the
customers.
2. Part Two:
2.1 Project scope
The points which are listed are included within the project in-scope:
 Setting objectives for project
 Team allocation of for project
 Identification of project resources
 Service delivery to the clients irrespective of time as well as budget
2.2 Out of scope
Out of scope include:
 Website maintenance was excluded from the project
 Details associated with project suppliers are not encompassed
2.3 Scope management plan
The steps for managing scope are listed below:
 Planning the project scope
 Proper collection of project requirements
 Defining the scope of the project
 Creating the work breakdown structure
 Scope validation
 Scope control
2.4 Project resources
People: The involved people are:

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Technology: The needed technologies are listed below:
Software CSS, HTML, JavaScript
Hardware RAM, Desktop, Hard disk
Network Server
Others: Pickup and drop facility will be provided to the employees of the
organization.
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
$17,500.00
$10,770.00
$13,340.00
$10,780.00
$7,350.00
Time-phase budget
Cost
Figure 5: Time phase budget
(Source: Created by Author)
4. Part four
4.1 Assumptions
The assumptions which are made include:
 Proper skilled team, available technology as well as facilities will be helpful in
finishing the entire project
 The developed project management will be helpful in successfully completing as well
as initiating the entire project.
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 Network
related
issues
90% 4 360 Network
engineer
It is quite
necessary to
recruit
network
Threat