I-Crop Software Development Project: A Comprehensive Project Charter

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Assessment Item 3
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Table of Contents
Introduction......................................................................................................................................3
Project Description..........................................................................................................................4
Part 1................................................................................................................................................5
Measurable Organizational Value (MOV)..................................................................................5
Identifying desired areas of impact..............................................................................................5
Values associated with the project...............................................................................................6
Development of an appropriate metrics.......................................................................................7
Timeframe for achievement of the MOV....................................................................................8
Summary of MOV.......................................................................................................................9
Part 2..............................................................................................................................................10
Scope and Scope Management Plan..........................................................................................10
Project Scope and its Management............................................................................................11
List of the resources for the project...........................................................................................11
Part 3..............................................................................................................................................13
Work Breakdown Structure.......................................................................................................13
Gantt chart.................................................................................................................................17
Project Budget...........................................................................................................................18
Summary of the Work Breakdown Structure............................................................................18
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Part 4..............................................................................................................................................20
Project Risk Analysis and Plan..................................................................................................20
Assumptions..............................................................................................................................20
Risk Identification in the project...............................................................................................20
Risk Analysis, allocation and suitable strategy.........................................................................24
Part five..........................................................................................................................................27
Quality Management Plan.........................................................................................................27
Statement reflecting the team philosophy..................................................................................27
Verification and the validation activities...................................................................................27
Part 6..............................................................................................................................................29
Closure and Evaluation..............................................................................................................29
Annotated Bibliography.............................................................................................................29
Closure Checklist.......................................................................................................................30
Project evaluation......................................................................................................................30
Conclusion.....................................................................................................................................32
References......................................................................................................................................33
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Introduction
This report will include the charter for the project of Rapid pay which is made by the Virtucon
for the purpose of fast online payments to be made by the Globex. This charter will include six
parts in which several concepts will be discussed regarding the project. In the initial part, the
measurable organizational value will be discussed which is utilized for the purpose of defining
the value that will be bought to the clients by the team project. In the further parts, there will be
made discussion on the scope management plan, work breakdown structure as well as the project
risk and analysis plan. At the end of the charter, there will be explained the quality management
plan and at the end, there will be closure as well as evaluation of the project which is I- Crop
Software. This software is being developed in order to make the payment process hassle free and
transparent.
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Project Description
There is a famous organization in Australia named as Globex Corporation which provides the
agriculture solutions to its clients and assists and support in managing the farm. The organization
also provides the farming equipment so that there can be made the agriculture more efficient as
well as effective. The company is looking forward to developing the software which can assist
the farmers to buy as well as sell the crops and also manage and handle the system of the
payment. The main objective of such a system is to protect the farmers from the forge payment
methods. The company has provided such contract to Virtucon which is a popular software
developer organization in Australia. There will be developed an application which is named as I-
Crop which is going to be developed by a team of four members including company analyst,
developer, designer as well as the project manager. The time duration to be taken for such project
is three months so that such a project can be handled in an appropriate manner. There is
requirement for all the members of the team to be honest as well as hard working and they can
manage to communicate properly in order to make the project successful and reliable. They are
required to follow the code of ethics so that all the work can be completed in an appropriate
manner. There are some key objectives which are required to be achieved by the development of
I- Crop:
 To maintain privacy as well as confidentiality in the system of the payment in order to
bring the transparency.
 Manage and bring transparency in the communication as well as the payment system to
protect the customers from forge transactions.
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Part 1
Measurable Organizational Value (MOV)
Identifying desired areas of impact
This is the alternative term which is used in the reference to Return on Investment. This is
considered as the measurement of the growth as well as the success of the complete project.
The most important thing for the purpose of initiating a project is the evaluation of the values
to achieve the desired values of the outcome which can be achieved in a great manner. There
is a requirement of the project manager to ascertain the values in order to identify their
impact of the project. Following are the desired areas which will be impacted from such
values:
 Customers
 Finance
 Society
 Strategic
All of these areas are also required to be ranked in an appropriate manner so that the benefits of
these areas can be evaluated by the manager in an easy manner. Following is given the
assessment of these areas and the impacts of such organizational values:
Areas Potential Impact
Strategy The strategy is an important area which is used for the purpose of
implementation of the things properly within a project. There is a
requirement for Virtucon to recognize the better strategies in order to
enable the project in an easy manner. If the strategy which is
implemented is effective as well as efficient then it will have a very
positive impact on the development of the software (Trantopoulos, et.
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al., 2017).
Customers There will be a great and positive impact or influence on the customers
of the Globex Corporation. It will be helpful for the clients and the
farmers to buy and sell the grains directly and also facilitate the
payments. There is proper protection of the customers from the forged
payments transactions.
Finance The financial department is also going to be helpful in developing the
project as well as adding the values within the project. It will further
also help in executing such software development project in a proper
manner in order to achieve the great outcomes. The adequacy of the
funds can be ensured for the project with the proper cooperation of the
finance department of Virtucon Consultancy.
Society The society will definitely be benefitted from the development of such
project as it will b easier for the farmers to make the communication
directly and there will be easy buying and selling directly to the Globex
Corp which will help in saving the time. Furthermore, the transparent
and secured payments can also be made with the help of the
development of this application.
Operational The software which is going to be developed by the Virtucon
Consultancy is automatic in nature and
Values associated with the project
It is very important for the organization Globex Corporation to assess the values associate with
the project of software development of I- Crop. With an understanding of the values associated
with such a project, the management will be able to make the application as per the
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specifications are given by the client. It has become very crucial to determine the values which
are related to the project so that the effective results can also be achieved. There are several
values which are connected with such project and some of these are described as follows:
Better: The software I- Crop is great software to be developed as it will helpful for both Globex
as well as the farmers to deal with the grain as well as make the payments faster and the secure.
The farmers can also directly coordinate to the Globex Corporation regarding their queries. This
software is creating the value of improvement in the services and makes them better and easy to
implement.
Cheaper: The application developer of I- Corp is going to be very beneficial to its stakeholders
as it will be an application which will help in cutting the costs related to the communication as
there will no use of transportation to go to the organization for the purpose of communicating
any kind of information by the farmers to the Globex Corporation. Hence it creates such value
for the business to make the operational activities cheaper.
Development of an appropriate metrics
There are certain objectives associated with the development of the application of I- Crop for the
Globex Corporation. One of the most important objectives is to make the availability of the
grains for the customers who are living in the rural areas or remote areas of Australia. The other
objective of developing such application is to help the farmers in facilitating the transparent
transactions of the payments.
Along with these objectives, there is an association of several stakeholders with such project. It
is very important to understand the expectations of the stakeholders from such project so that the
positive outcomes can be achieved. Following is provided with the metrics of the expectations of
different stakeholders associated with the project:
Stakeholders Expectations
Suppliers of Agricultural
Products
The suppliers of the organization also expect that the payment
must be made on time by the company and it should be
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transparent as well as secure. The suppliers provide the raw
material to the company and they expect the timely payment for
such raw material.
Project team The members associated with the team of the project expect that
the software must be developed properly and they should also get
their proper remuneration for the hard work they have done in
developing such software.
Globex Corporation Globex Corporation is the most important stakeholder associated
with the project of I- Crop software development. They are
expecting software which can help their customers in the dealing
related to the business so that they can be satisfied with the
services provided by the company.
Sponsors The sponsors are expecting that the goodwill of the company
must be enhanced so that the business of the company can also be
enhanced and more and more clients can come to the Globex
Corporation. They are also expecting a suitable return on such
project of software development.
Customers The customers are expecting to have the right as well as the
appropriate products along with the good customer services
required to be provided by Globex Corporation. The expectations
of the customers include efficient services along with the great
quality products.
It is also important to draw the quantitative targets based on such expectations of the
stakeholders presented above. Following are these quantitative aspects required to be undertaken
by the project manager:
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 The profitability of the organization must be increase with the use of such software up to
10 percent within 2 months.
 Resolving up to ninety percent problems of the customers.
 To achieve the rate of return of at least 15 percent.
Timeframe for achievement of the MOV
The timeframe is considered as the duration which is required to be set in order to ensure the
timely completion of the project. It is very important to set the time duration for each activity to
accomplishing the objectives of the organization and the project effectively. Following the time
frame produced by the project manager to accomplish the MOV of such project:
SN Name of the Activity Time Duration (in days)
1 Make the description regarding the project 2
2 Defining all the values of the project 6
3 Defining the objectives of the project 10
4 Determining the impacted areas 5
5 Identifying the expectations of the stakeholder 6
6 Completing the checklist of project 5
7 Closure as well as evaluation 5
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Summary of MOV
On the basis of the identified measurable value of the company, it has been recognized that the
most impactful areas for such values are the customers as well as the strategy. There is a
requirement of undertaking the suitable steps to maximize the positive impacts and eliminate the
negative impacts. The values identified are the faster as well as cheaper regarding the
implementation of such application. The metrics have also provided the exact details of the
stakeholder’s expectations from such a project. The quantitative targets have also been defined to
make the objectives clear for the project as well as Globex Corporation (Schwalbe, 2015).
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Part 2
Scope and Scope Management Plan
The scope is considered as an important aspect of a project which is required for the analysis as
well as the initiation of the project. It is required that the scope should be decided in the advance
so that the things can also go in the right direction. The project of I- Crop has a wider scope as it
is planning to help several numbers of the people in the different sections. Following is provided
with the identified wide nature of the project I- Crop:
 This application can be used from anywhere and by any of the devices.
 It also helps in assisting the farmers to get the quality products manufactured.
 There is the direct connectivity to the bask account of such application to facilitate
transparent payments (Saunders & Brynjolfsson, 2016).
 Providing the opportunity to purchase as well as sell the agricultural equipment in a
suitable manner.
Following is provided with the scope management plan for such wider scope of I- Crop:
Figure 1: Scope Management Plan
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Project
Aspects
Planning of the project
Defining the activities
Identification of required resources
Relevant use of the resources
Methods
Checklist
Suitable timeframe
Results
Managed scope
Closure of the project