Assessment 3: Online Stud Farm Management System Project

This project management assignment details the development of an online stud farm management system. It encompasses various project management aspects, including a measurable organizational goal (MOV) analysis, scope management plan (in-scope and out-scope), and resource allocation. The assignment further outlines the project schedule with milestones, activities, and time estimations, along with a comprehensive project budget and time-phased budget. A risk analysis and management plan identifies potential risks and mitigation strategies. A quality management plan, including verification and validation testing, ensures the system's quality. The document concludes with a closure checklist, annotated bibliography and project evaluation framework. The project focuses on transforming manual business procedures into online processes for Stud Farm, aiming to improve operational efficiency, customer satisfaction, and strategic alignment.

Running head: PROJECT AMANGEMENT
Assessment 3: Online Stud Farm management system
Name of the Student
Name of the University
Author’s Note

1PROJECT AMANGEMENT
Table of Contents
Overview of the project..............................................................................................................2
Part 1: Measurable organizational goal......................................................................................2
1.1 MOV Summarization.......................................................................................................2
Part 2: Scope management plan.................................................................................................5
2.1 Project scope....................................................................................................................5
2.2 Procedure of scope management......................................................................................5
2.3 Project resources..............................................................................................................6
Part 3: Schedule and Work breakdown Structure......................................................................7
3.1 Project Milestone.............................................................................................................7
3.2 Project activities...............................................................................................................8
3.3 Project resources..............................................................................................................9
3.4 Time estimation................................................................................................................9
3.5 Project budget.................................................................................................................12
3.6 Time phase budget.........................................................................................................14
Part 4: Project risk analysis and plan.......................................................................................15
4.1 Assumption....................................................................................................................15
4.2 Project risks and management strategy..........................................................................15
Part 5: Quality management plan.............................................................................................17
5.1 Statement on project quality...........................................................................................17
5.2 Description of activities of project quality management...............................................17
6. Closure and Evaluation........................................................................................................18

2PROJECT AMANGEMENT
6.1 Annotated bibliography..................................................................................................18
6.2 Developing closure checklist.........................................................................................18
6.3 Develop project evaluation............................................................................................20
References................................................................................................................................21
Appendices...............................................................................................................................23
Appendix 1: Annotated Bibliography..................................................................................23

3PROJECT AMANGEMENT
Overview of the project
The paper mainly focuses on the development of online management system for the
organization “Stud Farm” that mainly engages in providing breeding services. It is found that
due to the growth in the business services, it become quite difficult for the organization to
manage the services manually and thus Globlex decided to provide funds for the development
of the system. It is found that the development of online management system assists in
transforming manual business procedure into online business process.
Part 1: Measurable organizational goal
1.1 MOV Summarization
Rank Factor Description Metrics Measurable
value
Time frame
1 Financial The money
that is spent
on the project
assists in
improving
the functions
as well as
operations of
the
organization
that further
helps in
NPV, profit
calculation
12% increase 1 month

4PROJECT AMANGEMENT
improving
the
organizationa
l value
2 Customer Due to the
facilities
provided by
the online
system, more
clients will
utilize the
services of
Stud Farm
thus it will
play a great
role in
enhancing
the number
of customers.
Suggestions 12% increase 2 months
3 Operational The business
operations of
the
organization
“Stud Farm”
can be
Management
plan
7% decrease 2 months

5PROJECT AMANGEMENT
managed
effectively
due to the
development
of the new
online
system.
4 Social The facilities
or
opportunities
provided by
the online
system is
mainly
promoted
with the help
of social
media
platform
Social sites 10% increase 3months
5 Strategy Proper
project
management
strategy is
utilized by
the project
Strategic
analysis
matrix
4% increase 3months

6PROJECT AMANGEMENT
manager so
that online
Stud farm
system can
be developed
effectively
Part 2: Scope management plan
2.1 Project scope
The project scope s categorized into in-scope and out-scope.
In-scope: The in-scope of the project includes:
 Development of Online stud Farm management system
 Providing proper online breeding services
 Providing facility of tracking costs
 Easy and quick recoding of the procedures
 Completion of project within 78 days by utilizing budget of around $76,920.00
Out scope: Out scope of the project includes:
 Proper facility of training is not provided to the team members
 Details about project suppliers are not elaborated
2.2 Procedure of scope management
The procedures that are utilized for scope management includes:
Tracking project creep: The changes that re required in the project must be
effectively tracked for minimizing the chances of project scope creep.

7PROJECT AMANGEMENT
Change in the scope of the project: The changes that are required to be completed in
the project are incurring project cost then the project manager is mainly responsible for
managing the project budget.
Understanding project requirements: For managing the scope of the project, it is
very much essential to understand the requirements of the project quite effectively.
2.3 Project resources
The resources of the project are elaborated below:
Human resources: The stakeholders who are involved in the project are listed in the
below table:
Resource Name Type Max. Units Std. Rate Base Calendar
Project manager Work 100% $ 50.00/hr Standard
Project planner Work 100% $ 45.00/hr Standard
Financial manager Work 100% $ 40.00/hr Standard
Developer Work 100% $ 40.00/hr Standard
System engineer Work 100% $ 40.00/hr Standard
Designer Work 100% $ 40.00/hr Standard
Tester Work 100% $ 35.00/hr Standard
System analyst Work 100% $ 40.00/hr Standard
Database administrator Work 100% $ 40.00/hr Standard
Software requirements: The software project requirements mainly includes
reporting tool, task scheduling, system software and more

8PROJECT AMANGEMENT
Hardware requirements: The hardware requirements that re required for completing
the project mainly include database storage system, processor, backup system and more
Facilities: Proper training is required by the team embers of the project in order to
finish the project
Others: Proper experienced project management team is necessary in order to
develop the online system.
Part 3: Schedule and Work breakdown Structure
3.1 Project Milestone
Milestone Completion date
Milestone 1: Completion of project initiation phase Tue 15-05-18
Milestone 2: Completion of project planning phase Mon 04-06-18
Milestone 3: Completion of designing phase Mon 18-06-18
Milestone 4: Completion of development phase Fri 03-08-18
Milestone 5: Completion of testing phase Wed 15-08-18
Milestone 6: Completion of project closure phase Wed 22-08-18

9PROJECT AMANGEMENT
3.2 Project activities
Figure 1: Project activities
(Source: Created by Author)

10PROJECT AMANGEMENT
3.3 Project resources
Figure 2: Project resources
(Source: Created by Author)
3.4 Time estimation
Task Name Duration Start Finish
Development of Online Stud Farm
management system
78 days Mon 07-05-18
Wed 22-08-
18
Initiation phase 7 days Mon 07-05-18 Tue 15-05-18

11PROJECT AMANGEMENT
Development of business case 2 days Mon 07-05-18 Tue 08-05-18
Undertaking feasibility study 1 day Wed 09-05-18
Wed 09-05-
18
Establishing project charter 2 days Thu 10-05-18 Fri 11-05-18
Appointing team members 2 days Mon 14-05-18 Tue 15-05-18
Milestone 1: Completion of project
initiation phase
0 days Tue 15-05-18 Tue 15-05-18
Planning phase 14 days Wed 16-05-18
Mon 04-06-
18
Development of project plan 2 days Wed 16-05-18 Thu 17-05-18
Development of resource plan 3 days Fri 18-05-18 Tue 22-05-18
Development of financial plan 2 days Wed 23-05-18 Thu 24-05-18
Creating risk management plan 2 days Fri 25-05-18
Mon 28-05-
18
Development of acceptance plan 3 days Tue 29-05-18 Thu 31-05-18
Development of communication plan 2 days Fri 01-06-18
Mon 04-06-
18
Milestone 2: Completion of project
planning phase
0 days Mon 04-06-18
Mon 04-06-
18
Project designing phase 10 days Tue 05-06-18
Mon 18-06-
18
Improvement of module 3 days Tue 05-06-18 Thu 07-06-18
Prototype development 2 days Fri 08-06-18
Mon 11-06-
18