Project Management: I-Crop Online Cash Marketplace Platform Project

This project management assignment details the development of the I-Crop online cash marketplace platform, outlining various project management aspects. It begins with an introduction, including the measurable organizational value (MOV), project plan value, and appropriate metrics. The assignment then delves into project scope, both in and out of scope, and presents a scope management plan and project resources. Part three outlines project milestones, activities, resources, time estimations, and budget, including a time-phased budget. The fourth part covers project assumptions, risks, and a risk management strategy. Part five addresses project quality, verification, and validation activities. Finally, part six includes an annotated bibliography, a closure checklist, and project evaluation criteria. The assignment covers all stages of the project lifecycle, from initiation to closure.

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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PROJECT MANAGEMENT
Table of Contents
1. Part One..................................................................................................................................3
1.1 Measurable organizational Value.....................................................................................3
1.2 Project plan Value............................................................................................................3
1.3 Appropriate metric...........................................................................................................3
2. Part Two.................................................................................................................................4
2.1 Project scope....................................................................................................................4
2.2 Out of scope.....................................................................................................................5
2.3 Scope management plan...................................................................................................5
2.4 Project resources..............................................................................................................5
3. Part three................................................................................................................................6
3.1 Project milestones............................................................................................................6
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...............................................................................................................................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:................................................................................................................................13
6.1 Annotated Bibliography.................................................................................................13
6.2 Closure checklist............................................................................................................14
6.3 Project evaluation...........................................................................................................14
References................................................................................................................................15
Appendices...............................................................................................................................17
Appendix 1: Annotated Bibliography..................................................................................17

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1. Part One
1.1 Measurable organizational Value
Area of Impact Rank (1 to 5)
Customers 1
Operational 2
Financial 3
Social 4
Strategy 5
1.2 Project plan Value
The expected metrics off project value are:
Better: Quality of service will be improved due to the development of both mobile
app as well as the website. The main aim to enhance convenience by giving opportunity of
buying as well as selling grains from anywhere.
Faster: The online transaction facility as well as the facility of buying and selling
grains from any location makes the entire system much faster in comparison to the system
that was currently utilized.
1.3 Appropriate metric
Rank Impact Metrics Timeframe
1 Customer Increase within the
customers are seen
due to the new
services which are
provided by the
3 months

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organization.
2 Operational All the business
operations of the
organization can be
effectively managed
due to the online
services.
2.5 months
3 Financial Rise in the revenue
by 10% is reflected
due to the services.
3 months
4 Social Facebook is utilized
for the new services
promotion.
2 months
5 Strategy Utilization of proper
organizational
strategies for
managing the
organization
2 months
2. Part Two
2.1 Project scope
The scope of the project are as follows:
 Gathering as well as documenting the requirements of the project
 Based on both ethical as well as functional needs, the I- crop system will be
developed

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 Testing of the software will be done
 Monitoring as well evaluating software
 Adding significant features within the system
2.2 Out of scope
The project out scope are listed below:
 Maintenance of the system is excluded from the project
 Manuals of using the system is also excluded.
2.3 Scope management plan
The project scope will be effectively managed by utilizing the steps or strategies that
are generally elaborated below:
 The requirement of the project must be elaborated
 The goals and objectives of the project must be properly understood
 Collection of proper requirements
 Development of Work Breakdown Structure
 Validation and control of project scope
2.4 Project resources
People: The people are listed below:
Resource Name Std. Rate
System Analyst $50.00/hr
Budgeter $50.00/hr
HR Manager $60.00/hr
Planner $60.00/hr
Designer $60.00/hr
Project Manager $60.00/hr
System Developer $55.00/hr

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UI Designer $0.00/hr
Database Admin $45.00/hr
Database Vendor $65.00/hr
IT Engineer $50.00/hr
Risk Analyst $50.00/hr
Contractor $45.00/hr
Trainer $45.00/hr
Trainees $0.00/hr
Technology:
Hardware RAM, hard disk, Laptop
Software Designing as well as project
development tool
Network Server
Others: Facility of travelling will be given to the workers who works for additional
hours.
3. Part three
3.1 Project milestones
The project milestones are listed below:
WBS Milestones Completion date
M1 Milestone 1: Phase of project initiation completed Wed 17-10-18
M2 Milestone 2: Phase of planning completed Fri 02-11-18
M3 Milestone 3: Designing phase completion Wed 21-11-18
M4 Milestone 4: Completion of development phase Wed 16-01-19
M5 Milestone 5: Phase of system development completion Thu 07-02-19
M6 Milestone 6: phase of project closure completed Thu 07-02-19

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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
September
2018 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
$400.00
$17,460.00
$11,590.00 $13,100.00
$9,940.00 $7,630.00
$1,080.00
Time-phase budget
Cost
Figure 5: Time phase budget
(Source: Created by Author)
4. Part four
4.1 Assumptions
The assumptions are:
 Proper technical support will be present for the website of application development
 Proper information and network security plan will be present
 Management of database will be done internally
4.2 Project risks and project risk management strategy
Ris
k
ID
Descriptio
n
Probabilit
y
Impac
t
Rat
e
Assigned
To
Response
Strategy
Threat or
Opportunit
y
R1 Network
related
problems
like internet
80% 4 320 IT office Proper
steps must
be taken
for
Opportunity

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PROJECT MANAGEMENT
connectivit
y loss can
be a major
problem
avoiding
network
connectivit
y related
issues
R2 Hacking
confidential
as well as
important
data of the
buyers and
sellers
90% 5 450 Technical
team
Firewall
must be
used for
avoiding
security
issues.
Threat
R3 Lack of
proper
testing
80% 5 400 Testing
Team
Proper
testing
should be
done for
the system
Threat
R4 Improper
design of
the project
prototype
70% 4 210 Designing
team
It is
necessary
to involve
the
designer
within the
project
prototype

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design.
R5 Poor
managemen
t of the
project
80% 5 400 Managemen
t team
Proper
steps must
be taken
for
managing
the project
Threat
5. Part Five
5.1 Statement on project quality
The philosophy of quality management ensures that as the entire project completed on
expected time and budget while meeting all the project needs then the quality of the project is
too high. The objective of the system must be accurately designed by properly monitoring as
well as managing the project related activities.
5.2 Verification activities
Verification Activity When?
Software testing Testing is done before using the software
within the project
Maintenance of the system After the project go live
Mobile and website application Within the initial phase
5.3 Validation activities

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6. Part Six:
6.1 Annotated Bibliography
Refer to Appendix
6.2 Closure checklist
Closure checklist Checklist options
Completion of project testing? Yes
Proper risk management plan is presented? Yes
Proper training to the supervisors? Yes
Proper design of the application and the website? Yes
6.3 Project evaluation
Evaluation Criteria Option
Testing is one after the system will go live? Yes  No 
Completion of the project within the approved cost? Yes  No 
Timely handover of the project? Yes  No 
Validation Activity When?
Requirement documentation Pre-start phase
Design validation Initial Phase
Project evaluation After Closure

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References
Binder, J. (2016). Global project management: communication, collaboration and
management across borders. Routledge.
Chih, Y. Y., & Zwikael, O. (2015). Project benefit management: A conceptual framework of
target benefit formulation. International Journal of Project Management, 33(2), 352-
362.
Conforto, E. C., Salum, F., Amaral, D. C., da Silva, S. L., & de Almeida, L. F. M. (2014).
Can agile project management be adopted by industries other than software
development?. Project Management Journal, 45(3), 21-34.
Joslin, R., & Müller, R. (2015). Relationships between a project management methodology
and project success in different project governance contexts. International Journal of
Project Management, 33(6), 1377-1392.
Kaiser, M. G., El Arbi, F., & Ahlemann, F. (2015). Successful project portfolio management
beyond project selection techniques: Understanding the role of structural
alignment. International Journal of Project Management, 33(1), 126-139.
Kerzner, H. (2017). Project management metrics, KPIs, and dashboards: a guide to
measuring and monitoring project performance. John Wiley & Sons.
Martens, M. L., & Carvalho, M. M. (2017). Key factors of sustainability in project
management context: A survey exploring the project managers'
perspective. International Journal of Project Management, 35(6), 1084-1102.
Meng, X., & Boyd, P. (2017). The role of the project manager in relationship
management. International Journal of Project Management, 35(5), 717-728.

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Papke-Shields, K. E., & Boyer-Wright, K. M. (2017). Strategic planning characteristics
applied to project management. International Journal of Project Management, 35(2),
169-179.
Sánchez, M. A. (2015). Integrating sustainability issues into project management. Journal of
Cleaner Production, 96, 319-330.
Takey, S. M., & de Carvalho, M. M. (2015). Competency mapping in project management:
An action research study in an engineering company. International Journal of Project
Management, 33(4), 784-796.
Takey, S. M., & de Carvalho, M. M. (2015). Competency mapping in project management:
An action research study in an engineering company. International Journal of Project
Management, 33(4), 784-796.
Todorović, M. L., Petrović, D. Č., Mihić, M. M., Obradović, V. L., & Bushuyev, S. D.
(2015). Project success analysis framework: A knowledge-based approach in project
management. International Journal of Project Management, 33(4), 772-783.
Too, E. G., & Weaver, P. (2014). The management of project management: A conceptual
framework for project governance. International Journal of Project
Management, 32(8), 1382-1394.

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Appendices
Appendix 1: Annotated Bibliography
Article 1: Takey, S. M., & de Carvalho, M. M. (2015). Competency mapping in project
management: An action research study in an engineering company. International
Journal of Project Management, 33(4), 784-796.
The paper mainly reflects on the competency mapping within the project
management. It is found that the present study helps in exploring the seven-step method for
the competency map of project management. In addition to this, it is identified that the
method generally helps in evaluating the design as well as evolution related trajectories that is
mainly based on the organizational challenges as well as experiences. The emerging
methodological approaches must be properly evaluated. It is found that the data that are
generally collected by the company after the process of data analysis. The method that is
mainly proposed within the article is considered to be simple as well as replicable for the
managers across the insightful within all the industries.
Article 2: Meng, X., & Boyd, P. (2017). The role of the project manager in relationship
management. International Journal of Project Management, 35(5), 717-728.
The paper mainly reflects on the role of the project managers in managing the
relationship. Relationship management is mainly recognized as an important focus for the
project management. It is identified that the project managers are growing steadily and thus
the research that is undertaken generally helps in exploring the contribution of the project
managers who are associated with the construction industry in context to relationship
management with the help of qualitative as well as quantitative methodologies. In thus
research, the roles of the project managers are analyzed in context to the relationship
management. Moreover, it is found that the identification as well as categorization of the

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roles helps in providing proper evidence in context to change within the construction from
traditional project management which generally concentrates on control and planning of the
new project management that generally highlights the significance of the working as well as
on the relationship of the people.
Article 3: Martens, M. L., & Carvalho, M. M. (2017). Key factors of sustainability in
project management context: A survey exploring the project managers'
perspective. International Journal of Project Management, 35(6), 1084-1102.
The paper mainly focuses on the various key factors of sustainability of project
management by exploring the perspectives of the project management by undertaking a
survey. It is identified that number of variables of the sustainability of project management is
discussed. The variables that are generally discussed are mainly clustered on the basis of four
main factors that generally helps in explaining around 70% of the variability. In addition to
this, the key factors generally include strategic as well as number of tactical issues as well as
challenges. Moreover, from the research it is found that the research mainly aims to identify
the number of aspects of the sustainability that generally understands the significance on the
basis of the project management. The results generally help in reflecting the four important
factors including stakeholder’s management, economic as well as competitive advantage,
environment policies as well as resource saving.