Project Management: Virtucon/Globex Project Charter Development

This project management assignment presents a comprehensive analysis of the Virtucon/Globex project, focusing on the development of a project charter. The document begins with an overview of the project, which aims to leverage modern technology to maximize crop yields through a GPS-based application. Part 1 focuses on the Measurable Organizational Value (MOV), identifying the project's impact across financial, customer, operational, social, and strategic areas. It also defines project values as 'Better' and 'Cheaper', and outlines stakeholder expectations with corresponding target metrics. The scope, resources, work breakdown structure (WBS), deliverables, milestones, resource assignments, and budget are detailed in Parts 2 and 3. Part 4 covers project assumptions and a risk identification framework, including a risk ownership strategy. Parts 5 and 6 discuss team philosophy, verification and validation activities, and a project closure checklist, along with an evaluation of the project's MOV. The assignment concludes with a bibliography and an annotated bibliography of relevant sources.

Running head: PROJECT MANAGEMENT
Project Management
Name of Student
Name of University
Author Note

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Table of Contents
Description/Overview..........................................................................................................3
Part 1: MOV........................................................................................................................3
1.1. Area of Impact..........................................................................................................3
1.2. Identified Project Value............................................................................................4
1.3. Stakeholders’ Expectations and Target Metric.........................................................5
1.4. Set Timeline for MOV..............................................................................................5
1.5. Summary of the MOV..............................................................................................6
Part 2................................................................................................................................7
2.1. Scope.........................................................................................................................7
2.2. Resources..................................................................................................................7
Part 3....................................................................................................................................8
3.1. Work Breakdown Structure for MBFSA..................................................................8
3.2. Deliverable and Milestone......................................................................................10
3.3. Resource Assignment.............................................................................................12
3.4. Project Budget........................................................................................................16
Part 4..................................................................................................................................18
4.1. Project Assumptions...............................................................................................18
4.2. Risk Identification Framework...............................................................................18
4.3. Risk Ownership Strategy........................................................................................19

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Part 5..................................................................................................................................21
5.1. Team’s Philosophy.................................................................................................21
5.2. Verification Activities............................................................................................21
5.3. Validation Activities...............................................................................................21
Part 6: Closure and Evaluation..........................................................................................21
6.1. Project Closure Checklist.......................................................................................21
6.2. Evaluation of Project MOV....................................................................................22
Bibliography......................................................................................................................23
Appendix............................................................................................................................24
Annotated Bibliography.................................................................................................24

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Description/Overview
The MBFSA project aims in making use of modern technology to maximize the yield of
the crop growers. In this project, an application will be developed that will make use of a GPS
system to predict the crops that will provide a maximum yield in that season of the year. The
project will be executed by Virtucon and is owned by Globex.
Part 1: MOV
The measurable organization value is generally used for defining the value and the goal
of an undertaken project.
1.1. Area of Impact
Area of Impact Rank Effect
Financial 1 MBFSA application is developed
and deployed in a very low cost
and has a negligible operational
cost. Therefore, the project has a
large financial value and hence it
is ranked 1.
Customer 2 The application is being
developed for the customers. The
project will have a large impact
on the farmers and the
wholesalers as the project is
being developed to predict the
crops that will provide a

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maximum yield.
Operational 3 This project involves
development of system that will
provide the farmers and the
wholesalers with the accurate
data needed to improve the crop
yield of a particular region.
Therefore, it can be said that the
particular project has a large
operational benefit as well.
Social 4 The project has a considerable
social benefit as well because it
is being deployed for the farmers.
Strategy 5 The strategy of making use of
GPS system is to develop an
application that can control the
losses linked with incorrect yield
is quite good and this has certain
operational benefits as well.
1.2. Identified Project Value
The two identified project values linked with this particular case is Better and cheaper.
The application that will be deployed proposes a better strategy that can improve the crop yield
and it is being implemented in a cheapest way possible.

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1.3. Stakeholders’ Expectations and Target Metric
Stakeholders Expectations Target Metric
Virtucon Virtucon is expected to provide a
satisfactory prototype and good
working software in a low cost
Delivery of a working software
in 6 months
Globex Globex is expected to provide a
full support to Virtucon in
deploying the application
Providing the detailed
requirements within 1 month of
project start
Government This stakeholder is expected to
provide needed help to Globex
and Virtucon
To provide the necessary data
within 2 months
Farmers This stakeholder is expected to
provide full support to the project
deployment team
To provide their views on the
prototype delivered in 1 week.
1.4. Set Timeline for MOV

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Figure 1: Timeframe for Achieving MOV
1.5. Summary of the MOV
MOV Summary
Description/Overview This section provides a detailed description of the
project that is being executed.
Impact Area The impact of the project on five different areas is
discussed
Types of Values The value of Better and Cheaper will be realized
with this project
Stakeholders’ target metrics The expectations and the target of the main
stakeholders are discussed
Timeframe for MOV The project should take no longer than 6 months to

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complete
Part 2
2.1. Scope
The project scope can be defined as a part of planning a project and documenting its
deliverables and the goals.
In-scope
 The project execution is as much less cost as possible
 Delivering a well-designed prototype in next 2 months
Out-scope
 Maintenance of the application
 The benefit realization of this particular project is out-of scope
2.2. Resources

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Figure 2: Representing the Resources
Part 3
3.1. Work Breakdown Structure for MBFSA

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Figure 3: Illustrating the WBS

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3.2. Deliverable and Milestone

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