Development of I-Crop Online Cash Marketplace Platform Project

This project management assignment details the development of an online cash marketplace platform named I-Crop. It includes an analysis of the Measurable Organizational Value (MOV), project scope definition, resource allocation, and a detailed project plan with milestones, activities, and budget. The project also addresses potential risks, quality assurance measures, and provides an annotated bibliography of relevant research. The assignment covers various aspects of project management, from initial planning to risk mitigation and quality control, offering a comprehensive overview of the project lifecycle. The project also includes details such as time estimation, budget allocation, and a closure checklist to ensure successful project completion. The document includes figures and tables to visualize the project's timeline, resources, and budget.

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

1
PROJECT MANAGEMENT
Table of Contents
1. Part One:.................................................................................................................................3
1.1 Measurable organizational Value (MOV)........................................................................3
1.2 Desired project plan value................................................................................................3
1.3 Appropriate metric...........................................................................................................3
2. Part Two:................................................................................................................................5
2.1 Project scope....................................................................................................................5
2.2 Out of scope.....................................................................................................................5
2.3 Scope management plan...................................................................................................5
2.4 Project resources..............................................................................................................6
3. Part three................................................................................................................................7
3.1 Project milestones............................................................................................................7
3.2 Project activities...............................................................................................................7
3.3 Project resources..............................................................................................................8
3.4 Time estimation................................................................................................................9
3.5 Project budget.................................................................................................................10
3.6 Time phase Budget.........................................................................................................11
4. Part four................................................................................................................................11
4.1 Assumptions...................................................................................................................11
4.2 Project risks and project risk management strategy.......................................................11
5. Part Five...............................................................................................................................14
5.1 Statement on project quality...........................................................................................14

2
PROJECT MANAGEMENT
5.2 Verification activities.....................................................................................................14
5.3 Validation activities.......................................................................................................14
6. Part Six:................................................................................................................................14
6.1 Annotated Bibliography.................................................................................................14
6.2 Closure checklist............................................................................................................15
6.3 Project evaluation...........................................................................................................15
Appendices...............................................................................................................................16
Appendix 1: Annotated Bibliography..................................................................................18

3
PROJECT MANAGEMENT
1. Part One:
1.1 Measurable organizational Value (MOV)
Area of Impact Rank (1 - 5)
Strategy 4
Consumers 1
Financial 3
Operational 2
Social 5
1.2 Desired project plan value
Out of the four values, the expected values for this project are generally elaborated
below:
Better: The advance strategies of the business that is used by the business is
considered to be better in proving the present status of the organizational operations.
Faster: The new type of services like transaction on online medium helps in keeping
contact with the sellers as well as buyers quite fast as well as easily.
1.3 Appropriate metric
Rank Metrics Impact Timeframe
1 Consumers There is increment
in the consumers by
10% as because of
the services on the
online platform,
consumers can reach
the organization
70days

4
PROJECT MANAGEMENT
from any one of the
location.
2 Operational There is increment
in the efficiency of
the operation
because of the
various services
which are provided
by the I -crop
website as well as
application.
80days
3 Financial It is analyzed that
due to the new
services, there will
be financial growth
within the
organization.
65 days
4 Strategy Business related
strategies required to
be utilized as they
will be helpful in
obtaining proper
competitive
advantages for
continuous
60 days

5
PROJECT MANAGEMENT
improvement.
5 Social Advertisement is
done with the help
of social media for
capturing the nearby
areas.
50 days
2. Part Two:
2.1 Project scope
Project scope are listed below:
 Proper analysis as well as gathering of project requirement
 Website development include all the different specifications
 Undertaking testing for ensuring its proper launch
 To deliver the services 24 hour a day to the customers with la the options
2.2 Out of scope
The out scope include:
 Details about the maintenance of the project website is not provided
 Excluding the information that are related with the external stakeholders
2.3 Scope management plan
The scope management plan mainly include:
 The difficulties as well as problems related with the project must be understood
properly
 Identifying the reasons due to which scope creep occurs
 Developing work breakdown structure
 Identifying proper strategies for avoiding scope creep

6
PROJECT MANAGEMENT
2.4 Project resources
People: The project resources include:
Technology:
Software CSS, HTML, JavaScript
Hardware RAM, Desktop, Hard disk
Network Server
Others: Facility including extra payment for travelling should be paid to the people
or staffs who works for extra hours.

7
PROJECT MANAGEMENT
3. Part three
3.1 Project milestones
3.2 Project activities
Figure 1: Project activities
(Source: Created by Author)

8
PROJECT MANAGEMENT
3.3 Project resources
Figure 2: Project resources
(Source: Created by Author)

9
PROJECT MANAGEMENT
3.4 Time estimation
Figure 3: Timeline
(Source: Created by Author)

10
PROJECT MANAGEMENT
3.5 Project budget
Figure 4: Project budget
(Source: Created by Author)

11
PROJECT MANAGEMENT
3.6 Time phase Budget
October
2018 November
2018 December
2018 January
2019 February
2019 March
2019
$0.00
$5,000.00
$10,000.00
$15,000.00
$20,000.00
$25,000.00
$30,000.00
Time- phase budget
Cost
Figure 5: Time phase budget
(Source: Created by Author)
4. Part four
4.1 Assumptions
The assumptions include:
 Finishing the project activities within the timeframes that is expected
 Management of project successfully
 The project will enhance the financial revenue
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
necessary to
Threat