Answer To: PROJECT MANAGEMENT Part One 1. Project Name / Team: (Team) Team Name: Team Name (A name that would...
Akansha answered on May 17 2020
ICT PROJECT MANAGEMENT
ICT PROJECT MANAGEMENT 2018
Contents
Part One 2
MOV - Measurable Organisational Value 2
Project Value 3
Stakeholder expectations and target metrics: 3
MOV Timeframe 4
MOV Summary 5
Part Two: 5
Project Scope Definition: 5
Key Functionalities: 5
Key Deliverables for the project 6
Acceptance criteria: 6
Resource List for the project 6
People 6
Resource Sheet: 8
Technology 8
Facilities 8
Scope Management Plan 8
Part Three: 9
Project schedule 9
Work Breakdown Structure (WBS) 9
Gantt chart: 11
Part Four: 12
Key Assumptions for this project 12
Risk Assessment and Mitigation (Identification, analysis and mitigation practices) 12
Part Five: 14
Key Verification Activities 14
Key Validation Activities 15
Part Six: 15
Closure Checklist 15
Project Evaluation 16
Annotated Bibliography 16
References 18
Part One
MOV - Measurable Organisational Value
The key aim behind the development of the OSFMS or the Online Stud Farm Management System project is to replace the manual process handling and management activities in the stud farm with automated and efficient digital solution. The OSFMS is a web-based application that intends to perform all the basic activities involved in the business process of Stud Farms like Collecting user orders, supporting financial transactions, maintaining stud farm data records, inventory control and management and user data management etc. (Faisal, 2013)
The given table illustrates the key prioritized impact areas for the OSFMS project undertaken by Virtucon.
Area of Impact
Description
Operational
The system intends to handle all the basic business activities like Collecting user orders, supporting financial transactions, maintaining stud farm data records, inventory control and management and user data management etc. with an aim to enhance the productivity of the operational domain of the business.
Financial
The OSFMS system will allow the Globex organization to reduce their financial spending on hiring multiple human resources for manual processing. Additionally, higher returns can be guaranteed by increasing the number of orders that can effectively process within a specific period of time.
Strategic
The system has the capability to address all the strategic activities and preferences of the organization in an effective and streamlined manner.
Customer
The OSFMS is a digital solution allowing the customers to involve in the business activity using any internet-based device. They can make purchases from the comfort of their home, hence the system enhances the ease of use level for the customer domain, which will indirectly help the organization to gain more customers.
Social
The enhanced ease of use and increased productivity will add worth the social image of the organization, hence attracting business for them.
Project Value
The key reason behind undertaking a project is to add worth or value to the business perspective of the target organization. With OSFMS, the Globex organization intends to create a FASTER system that can address their core business activities in an effective and streamlined manner. I.e. streamlining the purchasing and Management process in order to increase the operational speed and efficiency of the business practices of the organization. (Faisal, 2013)
Stakeholder expectations and target metrics:
Stakeholder
Target Expectations
The possibility of achieving the target.
Stud Farm Management
Faster Business processing
High
The OSFMS system will allow the organization to streamline the business activities and hence increasing the pace of activities and operations.
Stud Farm management
Increased customer base
High
Following the increased customer satisfaction levels and increased ease of use, the product can surely help the organization to enhance their customer base.
Sponsors and the Project Investors
An increment of 10-15% in the ROI or returns on investment following the implementation of the project.
Moderate
Such a target can surely be achieved following the enhancement in the business process this system will bring but the stakeholders will have to give considerable time to the project to showcase its effect. Estimated time 12 months after implementation.
Project Team, Sponsors, and Management
Meeting the Budget and Time constraints associated with the project.
Budget allocated for this project:
$ 70, 000 for the development and installation.
$ 10, 000 for the hardware resources.
Assigned Timeline: 90 days
MOV Timeframe
Project Oriented:
Targeted milestone
Time period
Development of the Project:
· Requirement analysis
· Development
· Deployment
82 days
Installation
3 days
Training Delivery
5 days
Business-oriented:
Targeted Milestone
Time period
Increase customer segment
6 months
Increased financial returns or the ROI
12 months
MOV Summary
Impact Area
Project Value
Expectations
Timeline
1. Operational
2. Financial
3. Customer
4. Social
5. Strategic
FASTER, streamlining the purchasing and Management process in order to increase the operational speed and efficiency of the business practices of the organization.
10-15% increase in ROI
ROI increment in 12 months after installation
Customer Base increment
Expected 6 months for customer base increment
Project Completion in given timeline and budget.
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Part Two:
Project Scope Definition:
As defined previously the key reason behind the development of the OSFMS is to bring automation and efficiency in the business management practices as well as the key operational activities performed in the Stud Farms. The scope of the project defines the key set of functionalities it will offer or the key areas that the project will address. The key functionalities of this project are listed below. (Mir & Pinnington, 2014)
Key Functionalities:
· The developed system should address all the basic operational activities conducted by the business.
· User data management
· Order bookings, purchases, transactions and management.
· Account management
· Inventory management
· Service and Support
· The developed system should have an interactive an easy to use GUI.
· The system should be robust.
Key Deliverables for the project
Project Deliverables
Product Deliverables
· Detailed proposal or business case for the client.
· SRS document after requirement analysis and elicitation.
· Design Document
· Project Charter and Service level argument
· Project Plans for: Communication, risk, resource, time, cost etc.
· User manual.
· A prototype of the developed application for initial reviews
· Complete web application
· Hardware and resources as listed ahead
Some of the other Deliverables are mentioned in the WBS structure.
Acceptance criteria:
The acceptance criteria are used to define the key goals, targets or measures that will help the organization to evaluate the developed application.
Following is the detailed criteria for this project:
Functional:
· The developed application should display a robust behavior.
· The developed application should be consistent...