Project Risk Analysis Plan

December 21, 2023/

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MOV – Measurable Organizational Value

An analysis is made on the requirement for the development of the website and the application with the application of MOV methodology. The methodology includes six steps and are given below:

Identification of the areas of impact
Cost estimation for the completion of the project
Developing appropriate metric
Time estimation for the completion of the project
Creation of agreement and verification from the stakeholders
Summarization of the values

The following table is created for identifying the impact areas and given below:

Rank	Impact areas	Value Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper	Metric	Time required
1	Buyers	It is used for creating a list of buyers and providing them better service	The details of the buyers are recorded in the database and can be used for keeping track on their preference and improve the quality of service (Schwalbe, 2015)	3 months
2	Strategy	For acquiring more percentage of the market improvement of the quality and management of the transactions.	To gain competitive advantage and increase the value of share by providing service that can exceed the expectation of the buyers.	2 months
3	Financial	To record the market price and information such as cash price, offers and the bids (Kerzner, 2013).	To provide free service and reduce the expenses for increasing the efficiency	3 month
4	Operation	To provide live marketplace information to the buyers via the website and the application and reduce the cost of operation for the expansion of the current business.	To configure the server with all the service required and reduce the response time for the improvement of the satisfaction level of the buyers (Burke, 2013).	6 months
5	Social	All the details of the transaction should be stored in the database and used for generating a statistical report regarding the usage of client data.	The information available in the website should be able to able to be shared with the buyers.	3 months

The efficiency of the i-Crop website and app can be improved with the application of MOV and using the methodology the quality of the gathered information is improved (Leach, 2014). This also helps in reduction of the errors in the final product and automate the management system of the business for the management of the business process.

Scope of the project

For the development of i-Crop website and application information should be gathered from the local environment and the stakeholders. The sharing of data between the buyers and the clients is important for the management of the live marketplace data between users. A high speed internet connection is needed because the loss of connectivity can have an negative impact on the system (Fitzsimmons & Fitzsimmons, 2013). The database should be created with the identification of the flow of information between the different entities and attributes and the system should be kept flexible such that it can adopt the growth of the organization.

The roles and responsibility of the development team are given in the below table:

Roles	Responsibility
Sponsor	The resource is collected from reliable sources by the sponsors and allocated to the development team for the completion of the project.
Project Manager	Creates a plan for the project and divides the project into manageable sub parts for the development of the project
Task Scheduler	Creates a schedule of the task and assigns time frame for completion of the task in the estimated time frame (McNeil, Frey & Embrechts, 2015).
Analyst	The availability of the resource are analyzed and the constraints that can cause a barrier in the development is also predicted for its elimination and reduce the errors in the development process.
Risk Manager	Creates a risk management plan for the elimination of the risk and complete the project within the time and budget.
Designer	Designs the database and the interface for analyzing the requirement (Bavota et al., 2012).
Finance Manager	Controls the expenses and records the expense for the development of the project.
Business Consultant	Provides suggestion for the improving the project and add new feature for attracting more number of users.

For the development of the project different techniques such as programming languages, modelling tools, UML and frameworks are used. The choice of the programming language and technique is important for the success of the project. A gantt chart and WBS is used for estimation of the time and budget and completion of the project on time.

Training should be provided to the users for using the different functionality of the system and the usability and the information provided by the system should be shared with the stakeholders for increasing the usability of the system.

Task Name	Duration	Start	Finish	Predecessors	Resource Names
Development of WEB and App for i-Crop	131 days	Mon 17-09-18	Mon 18-03-19
Initialization phase	20 days	Mon 17-09-18	Fri 12-10-18
Developing the SRS document	5 days	Mon 17-09-18	Fri 21-09-18		Executive sponsor,Requirement analyst
Feasibility study of the existing system	4 days	Mon 24-09-18	Thu 27-09-18	2	project manager,Requirement analyst
Identification of the requirements of the desired system	5 days	Fri 28-09-18	Thu 04-10-18	2,3	Requirement analyst
Utilization of the project specifications	3 days	Fri 05-10-18	Tue 09-10-18	2,4	Developer,Requirement analyst
Meeting with the management team and visitors of show	3 days	Wed 10-10-18	Fri 12-10-18	5	Accountant,Executive sponsor,project manager
Project initiation phase completed	0 days	Mon 17-09-18	Mon 17-09-18
Appointing of development vendor	35 days	Mon 17-09-18	Fri 02-11-18
Identification of the development vendor	3 days	Mon 15-10-18	Wed 17-10-18	6	Accountant,project manager
Analysing the vendor capability and background	5 days	Thu 18-10-18	Wed 24-10-18	9	Accountant,Executive sponsor,project manager
Planning of total time taken to complete	4 days	Thu 25-10-18	Tue 30-10-18	9,10	Executive sponsor,project manager
Budget planning	3 days	Wed 31-10-18	Fri 02-11-18	11	Accountant
Project Vendor appointed	0 days	Mon 17-09-18	Mon 17-09-18
Design Phase	47 days	Mon 17-09-18	Tue 20-11-18
Improving the labour management	5 days	Mon 05-11-18	Fri 09-11-18	12	Accountant,Executive sponsor
Start to build the system	2 days	Mon 12-11-18	Tue 13-11-18	15	Developer,project manager
Improvement of installation process	3 days	Wed 14-11-18	Fri 16-11-18	16,15	Developer
Understanding the system requirements for next built	2 days	Mon 19-11-18	Tue 20-11-18	17	Developer,project manager
Completion of Design Phase	0 days	Mon 17-09-18	Mon 17-09-18
Implementation phase of the system at organization	65 days	Mon 17-09-18	Fri 14-12-18
Start implementation according to business objectives	10 days	Wed 21-11-18	Tue 04-12-18	18	Developer,project manager
Modification in the first built of the system	3 days	Wed 05-12-18	Fri 07-12-18	21	Developer,Requirement analyst
Collection of resources and equipment’s for the project	3 days	Mon 10-12-18	Wed 12-12-18	22	Accountant,project manager
Verification of the equipment’s and resources	2 days	Thu 13-12-18	Fri 14-12-18	23	Developer,project manager
Completion of implementation phase	0 days	Mon 17-09-18	Mon 17-09-18
Testing phase	78 days	Mon 17-09-18	Wed 02-01-19
test run of the system	4 days	Mon 17-12-18	Thu 20-12-18	23,24	Executive sponsor,project manager
Carrying out the test plan	3 days	Fri 21-12-18	Tue 25-12-18	24,27	Software tester
Analysing the test result in real scenario	4 days	Wed 26-12-18	Mon 31-12-18	27,28	Risk manager,Software tester
Presentation of the result	2 days	Tue 01-01-19	Wed 02-01-19	27,29	project manager,Software tester
Completion of Testing Phase	0 days	Mon 17-09-18	Mon 17-09-18
Risk management phase	131 days	Mon 17-09-18	Mon 18-03-19
Identification of the possible risks	7 days	Thu 03-01-19	Fri 11-01-19	30	Risk manager,Software tester
presentation of the risks to the risk manger	2 days	Mon 14-01-19	Tue 15-01-19	33	project manager,Risk manager
mitigation of the risks	14 days	Mon 14-01-19	Thu 14-02-19	33	Developer,Risk manager
Registering the impacts of the risks	10 days	Fri 15-02-19	Mon 18-03-19	33,35	project manager,Risk manager
Identify the impacts of the risks	15 days	Wed 16-01-19	Tue 05-02-19	34	project manager,Risk manager
Completion of risk management phase	0 days	Mon 17-09-18	Mon 17-09-18
Closure of the project	126 days	Mon 17-09-18	Mon 11-03-19
Evaluation of the functionality of the developed system	9 days	Wed 06-02-19	Mon 18-02-19	37	Executive sponsor,project manager
Rolling out the finally developed project	15 days	Tue 19-02-19	Mon 11-03-19	40	Developer,project manager
Completion of project closure	0 days	Mon 17-09-18	Mon 17-09-18

Milestones for each phase and deliverables

WBS	Task Name
M1	Project initiation phase completed
M2	Project Vendor appointed
M3	Completion of Design Phase
M4	Completion of implementation phase
M5	Completion of Testing Phase
M6	Completion of risk management phase
M7	Completion of project closure

Time estimation for each task

Task Name	Start	Finish	Duration
Development of WEB and App for i-Crop	Mon 17-09-18	Mon 18-03-19	131 days
Initialization phase	Mon 17-09-18	Fri 12-10-18	20 days
Developing the SRS document	Mon 17-09-18	Fri 21-09-18	5 days
Feasibility study of the existing system	Mon 24-09-18	Thu 27-09-18	4 days
Identification of the requirements of the desired system	Fri 28-09-18	Thu 04-10-18	5 days
Utilization of the project specifications	Fri 05-10-18	Tue 09-10-18	3 days
Meeting with the management team and visitors of show	Wed 10-10-18	Fri 12-10-18	3 days
Project initiation phase completed	Mon 17-09-18	Mon 17-09-18	0 days
Appointing of development vendor	Mon 17-09-18	Fri 02-11-18	35 days
Identification of the development vendor	Mon 15-10-18	Wed 17-10-18	3 days
Analyzing the vendor capability and background	Thu 18-10-18	Wed 24-10-18	5 days
Planning of total time taken to complete	Thu 25-10-18	Tue 30-10-18	4 days
Budget planning	Wed 31-10-18	Fri 02-11-18	3 days
Project Vendor appointed	Mon 17-09-18	Mon 17-09-18	0 days
Design Phase	Mon 17-09-18	Tue 20-11-18	47 days
Improving the labour management	Mon 05-11-18	Fri 09-11-18	5 days
Start to build the system	Mon 12-11-18	Tue 13-11-18	2 days
Improvement of installation process	Wed 14-11-18	Fri 16-11-18	3 days
Understanding the system requirements for next built	Mon 19-11-18	Tue 20-11-18	2 days
Completion of Design Phase	Mon 17-09-18	Mon 17-09-18	0 days
Implementation phase of the system at organization	Mon 17-09-18	Fri 14-12-18	65 days
Start implementation according to business objectives	Wed 21-11-18	Tue 04-12-18	10 days
Modification in the first built of the system	Wed 05-12-18	Fri 07-12-18	3 days
Collection of resources and equipment’s for the project	Mon 10-12-18	Wed 12-12-18	3 days
Verification of the equipment’s and resources	Thu 13-12-18	Fri 14-12-18	2 days
Completion of implementation phase	Mon 17-09-18	Mon 17-09-18	0 days
Testing phase	Mon 17-09-18	Wed 02-01-19	78 days
test run of the system	Mon 17-12-18	Thu 20-12-18	4 days
Carrying out the test plan	Fri 21-12-18	Tue 25-12-18	3 days
Analyzing the test result in real scenario	Wed 26-12-18	Mon 31-12-18	4 days
Presentation of the result	Tue 01-01-19	Wed 02-01-19	2 days
Completion of Testing Phase	Mon 17-09-18	Mon 17-09-18	0 days
Risk management phase	Mon 17-09-18	Mon 18-03-19	131 days
Identification of the possible risks	Thu 03-01-19	Fri 11-01-19	7 days
presentation of the risks to the risk manager	Mon 14-01-19	Tue 15-01-19	2 days
mitigation of the risks	Mon 14-01-19	Thu 14-02-19	14 days
Registering the impacts of the risks	Fri 15-02-19	Mon 18-03-19	10 days
Identify the impacts of the risks	Wed 16-01-19	Tue 05-02-19	15 days
Completion of risk management phase	Mon 17-09-18	Mon 17-09-18	0 days
Closure of the project	Mon 17-09-18	Mon 11-03-19	126 days
Evaluation of the functionality of the developed system	Wed 06-02-19	Mon 18-02-19	9 days
Rolling out the finally developed project	Tue 19-02-19	Mon 11-03-19	15 days
Completion of project closure	Mon 17-09-18	Mon 17-09-18	0 days

Project Budget

Task Name	Cost
Development of WEB and App for i-Crop	$325,200.00
Initialization phase	$40,000.00
Developing the SRS document	$11,000.00
Feasibility study of the existing system	$7,200.00
Identification of the requirements of the desired system	$5,000.00
Utilization of the project specifications	$6,600.00
Meeting with the management team and visitors of show	$10,200.00
Project initiation phase completed	$0.00
Appointing of development vendor	$35,800.00
Identification of the development vendor	$6,600.00
Analyzing the vendor capability and background	$17,000.00
Planning of total time taken to complete	$8,000.00
Budget planning	$4,200.00
Project Vendor appointed	$0.00
Design Phase	$24,600.00
Improving the labour management	$13,000.00
Start to build the system	$4,000.00
Improvement of installation process	$3,600.00
Understanding the system requirements for next built	$4,000.00
Completion of Design Phase	$0.00
Implementation phase of the system at organization	$37,200.00
Start implementation according to business objectives	$20,000.00
Modification in the first built of the system	$6,600.00
Collection of resources and equipment’s for the project	$6,600.00
Verification of the equipment’s and resources	$4,000.00
Completion of implementation phase	$0.00
Testing phase	$27,400.00
test run of the system	$8,000.00
Carrying out the test plan	$3,000.00
Analyzing the test result in real scenario	$12,800.00
Presentation of the result	$3,600.00
Completion of Testing Phase	$0.00
Risk management phase	$112,200.00
Identification of the possible risks	$22,400.00
presentation of the risks to the risk manger	$6,000.00
mitigation of the risks	$23,800.00
Registering the impacts of the risks	$15,000.00
Identify the impacts of the risks	$45,000.00
Completion of risk management phase	$0.00
Closure of the project	$48,000.00
Evaluation of the functionality of the developed system	$18,000.00
Rolling out the finally developed project	$30,000.00
Completion of project closure	$0.00

Assumptions

For the development of the project some assumptions are made that helps in elimination of the barriers in the project. It is assumed that the resource would be available during its requirement for the completion of each of the activity on time. It is also assumed that there would no communication gap between the team members involved in the project development and the project would not have a negative impact on the social life and current environment.

Scope Management Plan

Risk Identification

Risks	Member associated with the risk	Details	Mitigation technique
Technical risk	System Analyst	There may be error in network and the server configuration that resulting in errors and increasing the response time of the system.	The health and the configuration of the server should be checked and maintenance process should be done for reduce the security issues.
Financial risk	Financial Manager	The expense should be controlled as it can cause increase in the project cost.	The project budget should be followed and some mount of cash should be kept in reserve for handling the emergency condition (De Waal, 2013).
Lack of resource	Project Manager	The progress of the project can get slow due to the unavailability of the resources.	Cost estimation tools and techniques should be used for the analysis of the budget the resources should be managed for making them available.
Loss of manpower	Project Manager	The unplanned leaves of the team members or increase in the work pressure can cause involvement of the external agents and loss of manpower (Haimes, 2015).	To increase the team strength such that the unavailability of an expert does not have an impact on the project.
Risk in privacy	Project Manger	The leakage of private data of the buyers can have a negative impact and affect the reliability of the system (Succar, Sher & Williams, 2013).	Security measure such as encryption and use of secure connection helps in mitigation of the risk

Project Name: i-Crop	Project Manager Name
Type	Reason	Time taken	Owner	Method	Status
Expense Authorization	The expense for the development of the project should be controlled and approved by the account manager for the mitigation of risk of resource misutilization.	2 month	Financial Manager	Managing the expense	Open
Documentation of the project	The report should be prepared consisting of the configuration details.	1 month	Project manager	The report should be prepared by adding the progress and monitoring the flow of the process.	Closed
Work break down structure	WBS should be created consisting of the identified task.	3 month	Project Manager	The project plan should be used for monitoring the progress of the project and inspecting the tasks performed by the team	Open
Project plan	The client requirement is analyzed for aligning the project with the requirement.	1 month	Project Manager	The project plan should be reviewed and planned for the development of the project.	Closed
Risk plan	The constraints should be identified for the project development	4 months	Risk manager	The framework should be reviewed for the development of the website and the application.	Open
MOV	It is used for stakeholder analysis that are associated with the project development.	2 month	Project manager	monitoring	Closed
Training material	Creating training manual for improvement of the project and increasing the usability	3 month	Project manager	Presentation and journals	Open

INTRODUCTION TO DEVELOPMENT OF DYNAMIC WEB APPLICATIONS – Svein Nordbotten

The paper describes the development of intranet and world wide web and the use of internet tool for collaboration and sharing of knowledge. It is demonstrated that the website is a layout of pages and the use of different background colours and images and the layout are a factor for the development of the webpage (Lin & Tain-Dow, 2015). The functionality of the webpage and the development of the dynamic webpage is for fulfilling the needs of the organization is discussed. The different languages that are used for the development of the website such as CGI and PERL are discussed and that is used for the development of the interface. The use of ColdFusion Markup Language and its replacement is used for the evaluation of the website.

The paper is analysed for the identification of the application of PHP and open source software for applying it as a Web scripting language. The increase use of PHP and increase in its usage and the popularity of the language is defined in the paper. The development concepts, advanced syntax, design of the application and the concepts of web application are discussed in the paper (Walker, 2015). The author states the basic web application strategies such as development of the database access and cutting edge applications using PHP are discussed in the report. Here different case studies are demonstrated and use of extended PHP and hacking of core PHP are discussed in the paper.

HTML5 Web application development – J.M. Gustafson

The author discusses the different components of the HTML5 application and the time for action for the creation of the HTML file, creating the CSS file, creation of javascript file are discussed in the paper. An example is provided for the development of a first application and the steps necessary for the development of the application is discussed in the paper (Bavota et al., 2012). The steps for the creation of the task list, removal of the task and moving is also discussed in the paper.

Activity	Due date	Responsible Person	Notes
Handing off the deliverables and signed off by the stakeholders		Project Manager
Signing of documents by the appropriate person and organizing the documents		Stakeholders
Paying all the invoices and closing all contracts related with the project		Account manager
Finalizing the project reports and archiving them such that it can act as a reference in future		Project Manager
Arrangement of maintenance and support team for updating the project after completion		Operation Manager
Releasing and reassigning the resource of the project		Project Manager
Celebration of the success of the project		Team members, Managers
Use of project management software for closure of the project		Project Manager

For the evaluation of the project the schedule and the budget of the project should be compared with each other and the criteria should be fulfilled such as analysis of the project according to its relevance and strategic fit. The validity of the design of the project is analysed and the progress and effectiveness of the project is evaluated. At the end of the project the efficiency of resource utilization is also analysed for the effective management of the project.

References

Bavota, G., De Lucia, A., Fasano, F., Oliveto, R., & Zottoli, C. (2012, June). Teaching software engineering and software project management: An integrated and practical approach. In Proceedings of the 34th International Conference on Software Engineering (pp. 1155-1164). IEEE Press.

Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA.

De Waal, A. (2013). Strategic Performance Management: A managerial and behavioral approach. Palgrave Macmillan.

Fitzsimmons, J., & Fitzsimmons, M. (2013). Service management: Operations, strategy, information technology. McGraw-Hill Higher Education.

Haimes, Y. Y. (2015). Risk modeling, assessment, and management. John Wiley & Sons.

Kerzner, H. R. (2013). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

Leach, L. P. (2014). Critical chain project management. Artech House.

Lin, L. M., & Tain-Dow, L. E. E. (2015). Symbolic Economy and Creative Management: Cultural and Creative Industries Urging for New Approaches.Journal of Cultural Management and Policy, 57.

McNeil, A. J., Frey, R., & Embrechts, P. (2015). Quantitative risk management: Concepts, techniques and tools. Princeton university press.

Schwalbe, K. (2015). Information technology project management. Cengage Learning.

Succar, B., Sher, W., & Williams, A. (2013). An integrated approach to BIM competency assessment, acquisition and application. Automation in Construction, 35, 174-189.

Walker, A. (2015). Project management in construction. John Wiley & Sons.

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