Project: Online Management System for Stud Farm Development

This project report details the development of an online management system for a stud farm. It encompasses various aspects of project management, including defining the measurable organizational value (MOV), project scope (in-scope and out-of-scope), assumptions, constraints, and a comprehensive resource plan. The report outlines project milestones, activities, and budget estimations, alongside a detailed risk assessment and mitigation strategies. Quality management steps, verification and validation activities are also discussed. The project concludes with a closure checklist, project evaluation, and an annotated bibliography, offering a complete overview of the project's lifecycle from initiation to closure. The student has meticulously detailed each aspect of the project to ensure a comprehensive understanding of all the phases involved.

Student Name
ID Development of Online
management system
for Stud Farm

1. Part One:
1.1 MOV - Measurable Organisational Value
Area of Impact Rank (1 to 5)
Operational 1
Financial 2
Customer 3
Social 4
Strategy 5
1.2 Value of the project
The project value includes the following:
Better: Better services are delivered to the customers and as result they can be able to book
their services online.
Faster: The organizational can be able to solve the queries of the organization effectively in a
less time as compared to the system that is used earlier.
Cheaper: The organization does not need to spend much on managing their operation after the
new system development.
1.3 Appropriate metric
Rank Impact Metrics Timeframe
1 Operational The efficiency of
business operation
increases by 10%
2 months
2 Financial The revenue of Stud
farm increases by 17%
3 months
3 Customer 10% increment in the
number of customers
2 months
4 Social Facebook and other
social media platform
is used for promoting
the brand of the
organization.
1 month
5 Strategy Proper operational
strategy is utilized.
2 months
2. Part Two:
2.1 Scope
The in-scope includes:
 Running kick-off meetings

 Coding
 Unit testing
 System and integration testing
 User acceptance testing
 Stress testing
 Volume testing
 Performance testing
 Data migration testing
 Black box testing
 Implement solution and go live
2.2 Out of Scope
The project out scope includes:
 Absence of training facility for the stakeholders who are involved with the development
of online management system
 Less illustration about the project suppliers
2.3 Assumptions
The project assumptions are as follows:
 It is found that within 64 days the project will be finished
 It is expected that $91,120 will be enough for finishing the project.
 It is assumed that scope will be used while progressing from one phase to another.
2.4 Constraints
The project constraints are as follows:
 It is found that within 64 days the project must be finished
 Within the budget $91,120 the project must be completed.
 Scope must be used while progressing from one phase to another.
2.5 Scope Management Plan
The scope management plan generally includes steps that include:
Getting idea about the needs of the project: Proper idea must be present within thee
stakeholders of the project about the requirements of the project so that the project scope can be
managed properly.
Avoiding scope creep: The signs of scope creep need to be identified in initial stage for
avoiding them so that no negative impact can occur within the project.
Accounting the changes in the organizational finance: The changes that occur within the
organizational finance must be properly managed with the help organization.

2.6 Resource Plan
 People
Resource Name Std. Rate
Project Manager $ 30.00/hr.
Marketing and Commerce Manager $ 25.00/hr.
Technical Expert $ 27.00/hr.
Tester $ 25.00/hr.
Technical Integration Specialist $ 27.00/hr.
Developer $ 27.00/hr.
IT Manager $ 27.00/hr.
Data Management Officer $ 27.00/hr.
Project Supervisor $ 25.00/hr.
Human resource manager $ 24.00/hr.
Financial manager $ 24.00/hr.
Programmer $ 27.00/hr.
Quality analyst $ 25.00/hr.
Risk manager $ 24.00/hr.
Project planner $ 28.00/hr.
 Technology
Hardware Computer, hardware, desktop, RAM
Software Server, Operating system, Java and
Network Firewall
 Facilities
The medical facility must be given to the stakeholders of the organization who are enraged with
the project.
 Other
Travel Requirements Travel allowance facility must be given
to the project team members.
Training Requirements Training facility must be arranged
before the completion of the project.

Part three:
3.1 Project Milestones
Milestone Completion date
Milestone 1: Completion of initiation phase Wed 06-06-18
Milestone 2: Completion of planning phase Wed 20-06-18
Milestone 3: Completion of execution phase Thu 09-08-18
Milestone 4: Completion of monitoring and control phase Thu 09-08-18
Milestone 5: Completion of closure phase Wed 16-05-18
3.2 Project activities
Figure 1: Project activities

(Source: Created by Author)

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

3.4 Time estimation
Figure 3: Time estimation
(Source: Created by Author)

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

3.6 Time phase budget
Figure 5: Time-phase budget
(Source: Created by Author)

Part four:
4.1 Assumptions
The project assumptions are as follows:
 It is found that within 64 days the project will be finished
 It is expected that $91,120 will be enough for finishing the project.
 It is assumed that scope will be used while progressing from one phase to another.
4.2 Project risks and management strategy
Risk
ID
Description Probability Impact Rate Assigned
To
Response
Strategy
Threat or
Opportunity
1 Poor
estimation: If
the
estimation of
the budget is
not done
properly then
it will be quite
difficult to
finish the
project.
Up to 96% High High Financial
manager
The project
manager
must engages
in estimating
the budget
properly after
conducting
researching
properly.
Threat
2 Low quality
of hardware
and software:
If the
resource
quality is not
good then lot
of issues
related with
quality can
arise.
Up to 80% Mediu
m
High Quality
analyst
The quality
of the
hardware and
software
must be
checked
before using
it.
Threat
3 Poor
strategies of
management:
If the
management
strategies are
poor then it
will be quite
difficult to
manage the
project.
Up to 76% Mediu
m
Medium Project
planner
Proper
strategies of
management
must be used
within the
project.
Threat
4 Slippage of
project
schedule: If
the project
Up to 80% High High Project
manager
Schedule
slippage can
be avoided by
tracking the
Threat

manager does
not engages
in tracking
the schedule
then it will be
quite difficult
to manage
the schedule
of the project.
timeframe of
the project
schedule.
5 Increasing
the time of
the project: It
is found that
time of the
project is
increasing for
adding more
functions
within the
system which
further
increases
budget of the
project.
Up to 74% High Medium Project
manager
Enhancing
time is found
as the
positive risk
as it generally
helps in
adding
functionalities
within the
system.
Opportunity
6 Lack of
proper
knowledge: If
the technical
experts do
not have
proper
knowledge,
about the
system they
are
implementing
then it would
be quite
difficult to
make the
project
successful.
Up to 74% High Medium Human
resource
manager
The
technical
experts who
have
knowledge as
well as
experience in
project must
be hired.
Threat
Part Five:
The project manager utilizes some of the important steps in order to maintain the quality of the
project throughout the project lifecycle so that the needs and requirements of the customers can be
fulfilled. The steps include:
 Planning for managing the quality
 Arranging bi-weekly meetings for focussing on quality