Globex Corporation I-Crop Online Cash System Project Report

This report details the project management plan for Globex Corporation's initiative to develop an online cash system for I-Crop. The introduction highlights the project's objectives of providing immediate solutions to consumers and facilitating easy transactions. Part 1 focuses on the Measurable Organizational Value (MOV), outlining the project's impact on finance, operations, customers, strategy, and social aspects. It also defines the project's value in terms of speed, increased capabilities, improved quality, and cost reduction. Part 2 covers scope management, detailing the scope management plan, resource allocation, and a project schedule using MS Project. The report describes the phases of scope management, including requirements gathering, scope definition, work breakdown structure, scope verification, and scope control. The resource list includes human and technological resources required for the project. The project schedule outlines key milestones and timelines for various project phases, from initiation to testing and implementation. Overall, the report provides a comprehensive overview of the project's planning, execution, and control aspects, aiming to improve Globex Corporation's cash system and provide immediate solutions to consumers.

PROJECT MANAGEMENT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
Measurable Organisational Value................................................................................................1
PART 2............................................................................................................................................3
Scope and its management plan...................................................................................................3
PART 3............................................................................................................................................5
Project scheduling........................................................................................................................5
PART 4..........................................................................................................................................16
Risk analysis and plan...............................................................................................................16
PART 5..........................................................................................................................................19
Quality management plan..........................................................................................................19
PART 6..........................................................................................................................................20
Closure and Evaluation..............................................................................................................20
CONCLUSION..............................................................................................................................21
REFERENCES..............................................................................................................................22
APPENDIX....................................................................................................................................23

INTRODUCTION
Project management is considered as essential method to plan, execute activities in
appropriate manner to meet with objectives of entire task. Globex Corporation is planning to
make new online cash system with assistance of I-crop. The main agenda of developing this
website is to provide immediate solutions to consumers and offer easy transactions between
buyers and Growers. Present report will describe measurable organisational value for this
proposal. It will determine value for this task for its stakeholders. Furthermore, study will
produce scope management plan. In addition, risk analysis and quality management plan will be
prepared in this report.
PART 1
Measurable Organisational Value
Measuring Organisational Value (MOV) can be defined as overall goal of proposal and
criteria on which success is going to be measured. It should be measurable, agreed, verifiable and
provide value to firm (Rowe, 2015).
Rank Area of impact Description
1 Finance Developing website for I-Crop by Globex corporation
will help in raising profits. Existing and new both
consumers will visit this website and they will pay
more for finding agriculture solutions immediately.
This will help in increasing cash inflow in business
(Kerzner & Kerzner, 2017).
2 Operational Consumers will pay more to find the best solution for
agricultural issues.
3 Customers This website for I-Crop by Globex corporation will
help in addressing needs of consumers. This will help
in maintaining easy transaction between buyers and
growers.
4 Strategy Globex corporation will be able to raise its revenues by
implementing its strategies; by this way, number of
consumers of a company will be increased (What is
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Project quality management, 2017).
5 Social Globex will get opportunity to work for social welfare;
this website project will help firm in fulfilling its social
responsibilities to great extent (Fleming & Koppelman,
2016).
Project Value
Faster Developing website for I-Crop by Globex
corporation will help consumers to pay easily
without standing in queue for longer duration,
this will aid in minimising manual errors.
Furthermore, it shall support organisation in
completing work with faster speed and dealing
with mass audience in less time (Walker,
2015).
Do more Globex corporation will get positive results by
this online cash system because this will
develop relationship with consumers and
people will be very satisfied by getting
facilities of immediate payment system
through this website
Better This online website will support in improving
quality of payment system and buyers will be
able to get desired items in less time. They will
get ownership while making payment (Kiely,
Kiely & Nolan, 2017).
Cheaper It will reduce time to collect payment from
each client and will decrease cost of running
business.
The main target of Globex Corporation is to improve its cash system and provide immediate
solution to consumers on time. This company needed to set quantitative targets for
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accomplishing this project successfully. These goals will help in measuring overall success of
entity (Hwang, Zhao & Toh, 2014).
Metrics and timelines are explained as below:
 This website for I-Crop will be able to generate 10% more revenues as compared to
previous years before beginning this application. It will generate 40% more profit after
launching this website and communicating to all consumers.
 It will reduce traffic on entry gate and will help in secure payment system
Globex Corporation will be able to achieve this target within one-year of time. This IT
project or online platform will help business in satisfying its consumers and attracting more
people towards the brand. Company will monitor activities and will provide products and
services to consumers as per their requirements.
PART 2
Scope and its management plan
Scope
Project scope can be defined as integral part of planning that determine and document
task goals, features, tasks, deadlines and cost. Project manager (PM) is responsible to manage
entire activities (Project Scope Management: What It is and Why It’s Important, 2018).
This website for I-crop will help in providing easy transaction to assist in offering
ownership to buyers while making payment. Individuals will be able to find their solutions and
they will be able to make their payment immediately on its website (Fleming & Koppelman,
2016).
Scope Management Plan
It has several phases:
 Collection of requirements: PM of this website project in Globex Corporation needs to
determine requirements to meet the objectives.
 Define scope: It is essential to define scope and determine deliverables, assumptions,
constrains of this project.
 Creation of work break down structure: Manager has to break all tasks into sub
activities or into manageable components. Effective scheduling supports in completing
entire proposal on time (Kerzner & Kerzner, 2017).
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 Verify scope: It is another important phase in which team gets approval of entire project.
 Control scope: PM has to control over progress of project and also monitor task from
time to time so that it can meet with its objectives and can manage scope.
(Rowe, 2015).
Project Manager of online cash system website for I-crop by Globex corporation has to
ensure that it can meet with needs of all stakeholders to manage scope. Resources need to be
managed effectively by manager. This will support in minimising unnecessary cost of business
and increasing revenues as well.
Scope control is the most important part of project management as it can assist
individual in making effective control over all activities and managing scope well. Directors
have to oversee the progress of entire project and they have to measure benefits by using scope
measurement tools. If there is any issue, then they have to make immediate changes in scope and
have to reschedule activities. All the above mentioned aspects will support in managing scope in
online cash system website for I-crop by Globex corporation project (Gustafsson & Yadav,
2013).
List of resources required for this project
project manager of entity will require several essential resources to complete this proposal within
specified period of time. For managing scope, it is very essential that individual have adequate
resources. Here, the manager will need people or human resources. PM has to allot
responsibilities to each person as per their skills and abilities. If they are performing well and
contributing well then manager will be able to accomplish the objectives (Banda, 2017).
Furthermore, manager will require technological resources such as hardware like CPU,
printer, software etc. so that this new website can be developed effectively. Other resources for
travelling, training etc are vital for this proposal. If all required resources are available, then
project manager will be able to make this project successful and meet with its objective to great
extent.
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Resource list by using MS project
Resource Name Type Material
Label Initials Group Max.
Units Std. Rate
project manager Work p 100% $0.00/hr
administrator Work a 100% $0.00/hr
sponsor Work s 100% $0.00/hr
technical head Work t 100% $0.00/hr
web designer Work w 100% $0.00/hr
facilities Work f 100% $0.00/hr
software
administrator Work s 100% $0.00/hr
database
administrator Work d 100% $0.00/hr
quality manager Work q 100% $0.00/hr
trainer Work t 100% $0.00/hr
PART 3
Project scheduling
It is the most essential part of project management as it is responsibility of manager to
divide activities into manageable sub-activities so completion would be achieved within
specified period of time. This includes milestones for each phase and deliverables, consists of
various activities, assigned resources and cost (Archibald, Di Filippo & Di Filippo, 2012).
Task Name Duration Start Finish Predecessors
Online cash system
website for I-crop 207 days Wed 9/19/18 Thu 7/4/19
Project initiation 17 days Wed 9/19/18 Thu 10/11/18
Milestones: starting of
online cast system
website
0 days Wed 9/19/18 Wed 9/19/18
Development of
project charter 10 days Wed 9/19/18 Tue 10/2/18 3
Stakeholder
identification 5 days Wed 10/3/18 Tue 10/9/18 4
Charter approval 2 days Wed
10/10/18 Thu 10/11/18 5
Milestone: finish
initiation phase 0 days Thu 10/11/18 Thu 10/11/18 6
Develop planning
documents 11 days Thu 10/11/18 Fri 10/26/18
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Milestone: start
project planning 0 days Thu 10/11/18 Thu 10/11/18 7
Development of
project plan 5 days Fri 10/12/18 Thu 10/18/18 9
Development of scope
management plan 6 days Fri 10/19/18 Fri 10/26/18 10,9
Develop time
management plan 64 days Fri 10/26/18 Thu 1/24/19
Milestone: starting
planning time
management
0 days Fri 10/26/18 Fri 10/26/18 11
Define activities 7 days Mon
10/29/18 Tue 11/6/18 13,7
Sequence them 10 days Wed 11/7/18 Tue 11/20/18 14
Estimating resources 15 days Wed
11/21/18 Tue 12/11/18 15
Estimating duration
for each activity 20 days Wed
12/12/18 Tue 1/8/19 15,16
Developing schedule 10 days Wed 1/9/19 Tue 1/22/19 17
Obtaining approval 1 day Wed 1/23/19 Wed 1/23/19 18
Baseline setting 1 day Thu 1/24/19 Thu 1/24/19 19
Milestone: finishing
time management plan 0 days Thu 1/24/19 Thu 1/24/19 20
Develop cost
management plan 55 days Fri 1/25/19 Thu 4/11/19
Estimating cost of
entire project 5 days Fri 1/25/19 Thu 1/31/19 21,20
Develop cost budget 6 days Fri 2/1/19 Fri 2/8/19 23
Quality management
plan 7 days Mon 2/11/19 Tue 2/19/19 24
Development of
human resource
management plan
10 days Wed 2/20/19 Tue 3/5/19 25
Communication
planning 12 days Wed 3/6/19 Thu 3/21/19 26,25,24
Risk management
planning 15 days Fri 3/22/19 Thu 4/11/19 27,24,25
Milestone: finish plan 0 days Thu 4/11/19 Thu 4/11/19 28
Design and develop
database and system 10 days Thu 4/11/19 Thu 4/25/19
Milestone: start
designing and developing 0 days Thu 4/11/19 Thu 4/11/19 29
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Design data base 2 days Fri 4/12/19 Mon 4/15/19 31
Develop database 3 days Tue 4/16/19 Thu 4/18/19 32
Develop online
system 5 days Fri 4/19/19 Thu 4/25/19 32,33
Milestone: finish
design and development 0 days Thu 4/25/19 Thu 4/25/19 34
Test and implement
website of online cash
system
28 days Thu 4/25/19 Tue 6/4/19
Milestone: start
testing 0 days Thu 4/25/19 Thu 4/25/19 35
Develop document for
testing 10 days Fri 4/26/19 Thu 5/9/19 37
Obtain approval 5 days Fri 5/10/19 Thu 5/16/19 38
Conduct test 6 days Fri 5/17/19 Fri 5/24/19 39
Implement website 7 days Mon 5/27/19 Tue 6/4/19 40
Milestone: finish
testing 0 days Tue 6/4/19 Tue 6/4/19 41
Provide training and
gather feedback 5 days Tue 6/4/19 Tue 6/11/19
Milestone: providing
training to staff and
collecting feedback
0 days Tue 6/4/19 Tue 6/4/19 42
Provide training to
staff 2 days Wed 6/5/19 Thu 6/6/19 44
Gather feedback 3 days Fri 6/7/19 Tue 6/11/19 45,44
Milestone: finishing
this phase 0 days Tue 6/11/19 Tue 6/11/19 46
Close and evaluation
of project outcome 110 days Fri 2/1/19 Thu 7/4/19
Milestone: Start
closing phase 0 days Tue 6/11/19 Tue 6/11/19 47
Develop lesson
learned documents 5 days Wed 6/12/19 Tue 6/18/19 49
Gather people to
evaluate results 5 days Wed 6/19/19 Tue 6/25/19 50
Evaluate outcome 4 days Wed 6/26/19 Mon 7/1/19 51,50
Submit document 3 days Tue 7/2/19 Thu 7/4/19 52
Milestone: finish
online cash system
website for I-crop
1 day Fri 2/1/19 Fri 2/1/19 23
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Figure 1: Gantt Chart
Budget
Task Name Work Duration Start Finish Cost
Project1 18,224
hrs 207 days Wed
9/19/18 Thu 7/4/19 $14,176.00
Online cash system
website for I-crop 18,224 hrs 207 days Wed 9/19/18 Thu 7/4/19 $14,176.00
project manager 1,656 hrs Wed 9/19/18 Thu 7/4/19 $0.00
administrator 1,656 hrs Wed 9/19/18 Thu 7/4/19 $0.00
sponsor 1,656 hrs Wed 9/19/18 Thu 7/4/19 $0.00
technical head 1,656 hrs Wed 9/19/18 Thu 7/4/19 $0.00
web designer 1,656 hrs Wed 9/19/18 Thu 7/4/19 $0.00
facilities 1,656 hrs Wed 9/19/18 Thu 7/4/19 $0.00
software administrator 1,656 hrs Wed 9/19/18 Thu 7/4/19 $0.00
database administrator 1,656 hrs Wed 9/19/18 Thu 7/4/19 $0.00
quality manager 1,656 hrs Wed 9/19/18 Thu 7/4/19 $0.00
trainer 1,656 hrs Wed 9/19/18 Thu 7/4/19 $0.00
Project initiation 136 hrs 17 days Wed 9/19/18 Thu 10/11/18 $856.00
Milestones: starting
of online cast system
website
0 hrs 0 days Wed 9/19/18 Wed 9/19/18 $0.00
project manager 0 hrs Wed 9/19/18 Wed 9/19/18 $0.00
Development of
project charter 80 hrs 10 days Wed 9/19/18 Tue 10/2/18 $356.00
project manager 80 hrs Wed 9/19/18 Tue 10/2/18 $0.00
Stakeholder
identification 40 hrs 5 days Wed 10/3/18 Tue 10/9/18 $450.00
project manager 40 hrs Wed 10/3/18 Tue 10/9/18 $0.00
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