Business Project Management Oz Assignment

Business Project Management Oz Assignment

Business Project Management Oz Assignment

1. Part One

1.1 Measurable organizational Value

Area of Impact

Rank (1 to 5)

Operational

1

Customer

2

Financial

3

Social

4

Strategy

5

1.2 Project plan Value

The values of the project are illustrated below:

Better: The facility of bidding that is provided both to the buyers as well as sellers are considered to be better as compared to the procedure that was used earlier as both can bid.

Faster: The opportunity of online transaction which is provided to the clients of Globlex is considered as one of the faster methods of transaction in compared to cash transaction method that is adopted in the previous information system.

1.3 Appropriate metric

Rank

Impact

Metrics

Timeframe

1st

Operational

The organizational efficiency increases due to the new system development.

3 months.

2nd

Customer

The customers increase by 15% due to the facility that is given to the clients.

3 months

3rd

Financial

The revenue of the organization generally enhances due to the rise in the number of clients.

3 months

4th

Social

Advertisement as well as other social platforms are used for the promotion of the organization with the new survives.

2 months

5th

Strategy

Appropriate management strategies are generally used for managing the organizational functions.

1 month

2. Part Two

2.1 Project scope

The project scope includes:

  • Development of new online cash marketplace platform

  • Both app as well as website development for the system

  • Providing easy as well as proper wat of managing the warehoused grains

  • Providing the option for selecting the preferred buyers

  • Providing online transaction facility

2.2 Out of scope

The project out-scope include:

  • Information associated with the project suppliers are not present

  • The facility of training is not given

2.3 Scope management plan

The steps that are used for managing scope are elaborated below:

  • Proper understanding about the needs for achieving the objectives

  • The symptoms of scope creep should be avoided properly

  • Accounting for numerous changes which is mainly related with the organizational behaviour.

2.5 Project resources

Human resources: Human resources who are engaged with the project are listed in the tale below:

Resource Name

Std. Rate

Financial manager

$ 30.00/hr

Project manager

$ 30.00/hr

Project planner

$ 35.00/hr

Developer

$ 35.00/hr

System engineer

$ 35.00/hr

Designer

$ 35.00/hr

Tester

$ 25.00/hr

System analyst

$ 25.00/hr

Database administrator

$ 26.00/hr

Human resource manager

$ 25.00/hr

Risk analyst

$ 25.00/hr

Programmer

$ 30.00/hr

System administrator

$ 25.00/hr

Software engineer

$ 25.00/hr

Project sponsor

$ 0.00/hr

Technology: The required technologies are listed in the table that is provided below:

Hardware

Hard disk, RAM, computer

Software

Designing tools, development tool

Network

Server

Financial resource: The budget that is needed for finishing the work of the project is around $94,520.

3. Part three

3.1 Project milestones

The project milestones are listed below:

Milestones

Completion date

Milestone 1: Completion of project feasibility

Fri 05-10-18

Milestone 2: Completion of project planning phase

Fri 19-10-18

Milestone 3: Completion of the designing phase

Fri 02-11-18

Milestone 4: Completion of project development phase

Wed 09-01-19

Milestone 5: Completion of testing phase

Thu 24-01-19

Milestone 6: Completion of monitoring and control phase

Tue 05-02-19

Milestone 7: Completion of closure phase

Fri 08-02-19

3.2 Project activities

The activities of the project are given in the table below:

WBS

Task Name

0

Development of a new online cash marketplace platform – i-Crop

1

Initiation phase of the project

1.1

Determination of project requirements

1.2

Development of project plan

1.3

Analyzing project feasibility

1.4

Milestone 1: Completion of project feasibility

1.5

Project planning phase

1.5.1

Task scheduling

1.5.2

Resource estimation

1.5.3

Resource allocation

1.5.4

Developing communication plan

1.5.5

Project resource allocation

1.5.6

Milestone 2: Completion of project planning phase

1.6

Project designing phase

1.6.1

Development of prototype

1.6.2

Determining features

1.6.3

Requirement identification

1.6.4

Milestone 3: Completion of the designing phase

1.7

Project development phase

1.7.1

Adding the option of offers

1.7.2

Adding bidding facility

1.7.3

Adding the option for preferred buyers

1.7.4

Adding mobile features

1.7.5

Easy recording of services

1.7.6

Reviewing seasonal sales facility

1.7.7

Customized communication facility

1.7.8

Financial features

1.7.9

Providing the option of online transaction

1.7.10

Milestone 4: Completion of project development phase

1.8

Testing phase

1.8.1

White box testing

1.8.2

Data migration testing

1.8.3

Black box testing

1.8.4

User-acceptability testing'

1.8.5

Performance testing

1.8.6

Milestone 5: Completion of testing phase

1.9

Monitoring and control

1.9.1

Managing requests

1.9.2

Issue management

1.9.3

Risk management

1.9.4

Team meetings

1.9.5

Earned value analysis

1.9.6

Milestone 6: Completion of monitoring and control phase

1.10

Closing Phase

1.10.1

Stakeholder sign off

1.10.2

Reviewing project

1.10.3

Milestone 7: Completion of closure phase

3.3 Project resources

3.4 Time estimation

3.5 Project budget

3.6 Time phase Budget

4. Part four

4.1 Assumptions

The project assumptions include:

  • The entire project will progress as per the scope that is defined in the initiation phase

  • The budget that is provided for the project will be enough for finishing the project

4.2 Project risks and project risk management strategy

Risk ID

Description

Probability

Impact

Rate

Assigned To

Response Strategy

Threat or Opportunity

R1

Shortage of budget

90%

5

450

Financial manger

  1. Managing project resources

  2. Use of project budget effectively

  3. Keeping track on the use of budget

Threat

R2

Lack of resources

70

4

280

Hr. Manager

  1. Necessary to track the resources effectively

  2. Checking the needs of the project on regular basis

Threat

R3

Inappropriate training

70

3

210

Trainer

  1. It is necessary to give proper training facility

  2. Arranging workshop programs for the workers.

Threat

R4

Schedule slippage

80

5

400

Project manager

  1. It is necessary to manage the schedule effectively

  2. The changes that are needed for enhancing quality must be added during initiation phase.

Opportunity

R5

Improper design

90

5

450

 

  1. It is necessary to make design of the system properly

  2. To check the design after it is completed

Threat

5. Part Five

5.1 Statement on project quality

It is found that for making the quality of the project better, it is necessary to follow the following steps that are given below:

  • Proper development of the project plan

  • Developing proper communication within the team members who are engaged with the project

  • Tracking the work of the employees on a regular basis

  • Providing proper facility of training to the employee relation of the organization

  • Undertaking testing after the project development phase

5.2 Verification activities

Verification Activity

When?

Undertaking the process of external audits

After the supply of the resources completed.

Undertaking system testing

After the development system

Checking the resources

In the planning phase

5.3 Validation activities

Validation Activity

When?

Proper request for getting approval

In the project initiation phase

Reviewing the contents of the project

In the project closure phase

Development of activity

In the project development phase.

6. Part Six:

6.1 Closure checklist

Closure checklist

Checklist options

Does requirement traceability matrix is undertaken properly?

No

Does the project risks are closed properly?

Yes

Does the process of project handover is accomplished?

Yes

Does proper facility of training is given?

Yes

Does the risks which are related with project gets mitigated?

Yes

6.2 Project evaluation

Evaluation Criteria

Option

Does the design of the project is feasible?

Yes ? No ?

Does the entire project objectives are accomplished?

Yes ? No ?

Does the project follow the scope?

Yes ? No ?

Does the project gets completed within the expected time?

Yes ? No ?

References

1. Badewi, A. (2016). The impact of project management (PM) and benefits management (BM) practices on project success: Towards developing a project benefits governance framework. International Journal of Project Management34(4), 761-778.
2. 
Braglia, M., &Frosolini, M. (2014).An integrated approach to implement project management information systems within the extended enterprise.International Journal of Project Management32(1), 18-29.
3. 
Coronel, C., & Morris, S. (2016). Database systems: design, implementation, & management. Cengage Learning.
4. 
Galliers, R. D., &Leidner, D. E. (2014). Strategic information management: challenges and strategies in managing information systems. Routledge.
5. 
Garton, C., & McCulloch, E. (2012). Fundamentals of Technology Project Management. MC Press, LLC.
6. 
Goetsch, D. L., & Davis, S. B. (2014). Quality management for organizational excellence.pearson.
7. 
Hubicki, M. (2014). Risk Management Plan.