Rapid-Pay Project: ICT Project Management Assessment Item 3

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ICT PROJECT MANAGEMENT ASSESSMENT ITEM 3
Charter
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Table of Contents
Part: One.....................................................................................................................................4
MOV - Measurable Organisational Value.............................................................................4
Area of impact....................................................................................................................4
Project values.....................................................................................................................6
Stakeholders metric............................................................................................................6
Timeframe..........................................................................................................................7
Summary............................................................................................................................8
Part: Two....................................................................................................................................9
Scope......................................................................................................................................9
Scope management plan.....................................................................................................9
Resources of the project...................................................................................................11
Part: Three................................................................................................................................13
Work break down structure (WBS)......................................................................................13
Part: Four..................................................................................................................................17
Project Risk Analysis and Plan............................................................................................17
Assumptions regarding the project...................................................................................17
Risk factors associated with the project...........................................................................17
Risk analysis.....................................................................................................................18
Part: Five..................................................................................................................................22
Quality Management Plan....................................................................................................22
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Set of Verification Activities...........................................................................................23
Set of Validation Activities..............................................................................................23
Part six: Closure and evaluation...............................................................................................25
Annotated bibliography........................................................................................................25
References................................................................................................................................29
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Part: One
MOV - Measurable Organisational Value
The project is named as “Rapid-pay” that is going to be developed by Virtucon to fulfil the
demands regarding the transaction process of Globex. With the help of this software, the
organisation will be able to replace the process of manual transaction to an automatic one.
The software will assist the company in getting connected with all the international
organisations more easily. With the help of this software, the organisation can keep a record
of the private information at a single place and can conduct the process of money transfer
with renowned organisation in the most effective manner (Bharghavan et. al., 2018). The
primary objective of the software is to provide a secure transaction medium to the small and
middle-class farmers.
Area of impact
The table below is showing the identification of the desired area. With the help of this table
important factors of the software can be identified:
Input area Ranking Description
Strategy 1 The basic objective behind the design of the project is to
avail a better and secured transactional tool to the low or
middle-class farmers associated with Globex Corp. With
the help of a technologically upgraded tool, the
organisation can achieve high efficiency in international
money transaction process (Mir &Pinnington, 2014). The
developers have designed this software with a goal to
enhance the market area of concerned organisation. With
the help of this software the concerned organisation up to
its money transaction related strategies.
Users 5 With the use of this software, the customer, i.e. Globex
Corp can enhance its market area. It can easily involve in
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the process of exchange of goods and services with an
international organisation without the fear of money
transaction. The software likewise assists the organisation
in securing the private information of its customers which
helps in enhancing the level of potential market area
(Eweje, Turner & Müller, 2012). With the help of this
software, the Globex can satisfy its customers by paying
them at the decided time.
Social 4 The concerned software will help in providing social
benefits to the organisation as well. By performing the
transaction, effective Globex Corp will be able to enhance
its market goodwill, and in this manner, the software will
help the firm in getting socially popular. Aside to this with
the help of this software the organisation will be able to
attract a large section of the society in less time interval.
The software provides an opportunity for undertaking
international transaction hence the company will also be
able to attract international customers (Mir &Pinnington,
2014).
Financial 3 The software will assist the organisation in financial
development. With the help of this software, the customers
of the firm can be increased which help in increasing the
financial base of the organisation. Aside to this, the
software will help the organisation in determining the price
of the product as per the quality and the nature of
organisation. With the help of this software, Globex Corp
can enhance the level of their productivity and revenue
(Eweje, Turner & Müller, 2012).
Operational 2 The software will likewise assist the firm in its operational
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activities. With the use of this software, the firm can shift
from manual processes to the automatic ones. The
managers can concentrate on the key issues of the
organisation rather than focusing on the transaction
processes of the firm. With the help of this software, the
productivity and efficiency of the firm can be enhanced.
Table 1: Area of Impact
Project values
The proposed software is further responsible for enhancing some key values of Globex Corp.
These values are as follows:
 Faster: The primary objective of Globex Corp. is to enhance the level of efficiency
with the help of which it can enhance its productivity and potential in the market. The
proposed software will help in providing an automatic platform to the organisation
with the help of which the organisation can speed by its money transaction process
and can focus on other important functioning of the organisation (Eweje, Turner &
Müller, 2012).
 Cheaper: The organisation works for the farming business and therefore has a lower
capital. The organisation is in need of transaction software that will be available at
minimum prices and doesn’t cost much to the organisation. The proposed model helps
in satisfying this need of the organisation (Mir &Pinnington, 2014).
Stakeholders metric
The table below is showing the stakeholders associated with the project and the expectations
that they have toward the project:
S.N
O
Stakeholders Expectations Quantitative target
1 Globex Corp The association expects to speed up the To enhance the profit
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transaction process to enhance the level
of productivity and revenues
margins up to 40%
2 Virtucon The association expects to popularize
the software in the market and satisfy
the wants of its customers
A prediction of
enhancing the
customers base up to
60% in a year
3 Technicians The technicians try to develop the
product with upgraded technology to
enhance the productivity and quality of
the software
Expected rise in their
salaries up to 10%
4 Software
developers
The software developers try to design
the software most effectively to avoids
any difficulties
Expected rise in their
salaries up to 20%
5 Investors The investors expect to invest in a
product line that helps in enhancing
their profit margins (Larson et. al.,
2014).
Increasing interest rates
up to 10%
6 Project managers The project managers expect to
implement or execute the software in
Globex Corp. with full efficiency (Mir
&Pinnington, 2014).
Expected rise in their
salaries up to 10%
Table 2: Shareholder expectation and quantitative target
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Timeframe
MOV - Measurable Organisational
Value
Duration
Project management 1 month
Project designing 2 months
Project testing 1 month
Training 2 month
Controlling and monitoring 2 months
Updating the software 1 month
Closure of the project 1 month
Total 10 months
Table 3: Timeframe of MOV
Summary
The software which is introduced to Globex is named as Rapid pay. The primary use of the
concerned software is to assist the firm in handling its transaction related process in the
national and international market. Aside to this, the software is likewise used by the managers
for storing the private information of their customers. The MOV or measurable organisational
values state the effects of the software that it has on the functions of the organisation (Eweje,
Turner & Müller, 2012). With the use of the software, the productivity and potential of the
organisation have increased. The organisation is likewise able to attract a number of
customers from the international market with the help of this software. The MOV likewise
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includes the expectations of the stakeholders towards the implementation of the software. The
software will help in fulfilling all the quantitative target of the stakeholders and enhance their
interest in the organisation. With the assistance of the software the organisation will be able
to enhance its market area and can join hands with international customers and dealers easily
(Larson et. al., 2014).
.
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Part: Two
Scope
Globex Corp. is a renowned organisation that deals in the farming activities and product. The
organisation is incorporated with some lower and middle-class farmers that tries to sell their
product with the help of the organisation (Mir &Pinnington, 2014). For enhancing the market
area of the organisation it is important for the firm to advance its transaction game. Earlier
the organisation was unable to perform the international transaction with the strong MNC's.
They were unable to get connected with renowned dealers which executes the operations on
the international level because of outdated and inefficient transaction software. Rapid Pay is
technologically upgraded and cheap money transaction software that assists in money transfer
to Globex Corp in the most effective manner. With the help of this software, the organisation
can establish a bond with its customers and dealers in the most effective manner (Bharghavan
et. al., 2018). The software provides a chance for the organisation to enhance its goodwill in
the international market. With the use of the software, the organisation can store the private
information of their customers most securely and appropriately. Globex Corp. is dealing in
the agricultural occupation. It provides an opportunity for the lower and middle-class farmers
to execute their operations. With the help of concerned organisation, the profession of
farming can be enhanced. For enhancing the scope of the organisation it is important for them
to get associated with international dealers and the suppliers. The proposed software helps the
organisation in fulfilling this operation and will help the organisation in enhancing its
business to international boundaries (Eweje, Turner & Müller, 2012).
Scope management plan
The scope of the proposed software can be managed by implementing the software most
effectively. The project is designed by the developers of Virtucon. The project manager of
Virtucon is responsible for the successful execution of the software in Globex Corp. hence it
is essential for them to select the most prominent workforce, technicians and the software
developers. The table below is showing the scope management plan of Rapid Pay. With the
help of this table the resources that will be utilities for the software can be identified
(Yaghootkar & Gil, 2012). The table likewise shows the input which is required for
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enhancing the scope of the project, the tools that will help in advancing the scope and the
output that the software will provide after successful implementation.
In-Scope Out-Scope
 Project management plan
 Documents
 A list of milestones and
deliverables
 Quality reports
 Agreements
 Business documents
 Project charter
 Risk analysis or risk report
 Time strategy
 Communication plans
 Hardware’s (Computers,
printers, scanners, digital
gadgets, augmented devices
QR scanners)
 Software
 Final product or software
 Final report of implementation
 Product images
 RFID reader
 Database
Table 4: Scope management plan of Rapid pay
Key deliverables
 Project management and preparing the budget for the software
 Project designing
 Work break down structure
 Project testing
 Training of employees
 Controlling and monitoring
 Planning for the system
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Acceptance criteria
The criteria that fulfil the aspirations of Globex Corp. are as follows:
 Helps in enhancing the level of sales and revenues
 Expand the market area of the organisation
 Storing and protecting the private information of the clients
 Executing the process of money transfer in an automatic effective manner
 The software can be accessed through mobile phones or other digital gadgets.
Resources of the project
The proposed model will be implemented with the assistance of certain resources. The
resources can be human resources, technical resources or financial resources or all of them
depending on the nature of the software (Larson et. al., 2014). Descriptions of the resources
of Rapid Pay are provided beneath:
 People
For the successful implementation of the model, there is a basic need for human
resources. The primary human resource which is required for the project is the project
manager. Project manager can be an individual or the group of personals which are
directly responsible for the implementation of the project (Eweje, Turner & Müller,
2012). The project manager is responsible for recruiting the experts, technicians and
software developers. Managing and controlling them is the primary task of the project
manager. Along with it a list of human resources which are important for the project
are identified with the help of the table below:
Stakeholders/
human resources
Description/ responsibilities
Project manager  For designing the outline of the project
 For recruiting the most desirable technicians and the software
developers
 For monitoring and controlling the activities of the staff or the
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