Project Value, Metrics, Scope, Resources, And Timelines
- December 21, 2023/ Uncategorized
Better and Faster System
|
Area of Impact |
Rank (1 to 5) |
|
Operational |
1 |
|
Customer |
2 |
|
Financial |
3 |
|
Strategic |
4 |
|
Social |
5 |
The project value is mainly illustrated below:
Better: The online services like breeding facility as well as seasonal sales that are provided with the help of the new system is considered to be better in comparison to the previous system.
Faster: The new system that was developed is helpful in undertaking the online transaction quite faster and in a very much effective way in comparison to online transaction.
1.3 Appropriate metric
|
Rank |
Impact |
Metrics |
Timeframe |
|
1 |
Operational |
It is identified that the system assists in providing number of services including seasonal sales, online transaction, bidding and more which further helps in improving the organizational operation. |
3months |
|
2 |
Customer |
The customer generally gets better facilities within the help of the system and as a result more number of customers get attracted which enhances the number of customers by 15%. |
2 months |
|
3 |
Financial |
As the organizational customers increases, the revenue of the organization generally increases by 10%. |
3 months |
|
4 |
Strategic |
In order to give proper services to the organizational customers, it is necessary to use proper procedures as well as strategies. |
2 months |
|
5 |
Social |
For reaching to more number of people, it is very much necessary to reflect the facilities that are mainly provided with the help of the new system. |
1 month |
The listed points are mainly included within the project and as a result they are considered as project scope.
- UI development
- Simulation testing
- Database development
- Bidding facility development
- Listing the preferred buyers
- Facility for online transaction
- Seasonal sales opportunity
- Proper option for information sources
- System development completion
- Testing of project prototype
- 2.2 Out of Scope
The points that are excluded from the project are listed below:
- Information related with the suppliers of the project are not given
- Proper training facility should be given to the project team
- 2.4 Scope Management Plan
The steps which are generally required to be undertaken in order to control the scope of the project are mainly illustrated below:
- The problems or challenges which are project related needs to be understand properly
- Proper information and data need to be gathered about the project requirements as well as needs
- The signs of the project creep must be properly understood within the initial project phase
- 2.5 Resource Plan
- People
The people who are mainly associated with the project are listed below:
|
Resource Name |
Std. Rate |
|
System Analyst |
$40.00/hr |
|
Budgeter |
$40.00/hr |
|
HR Manager |
$50.00/hr |
|
Planner |
$50.00/hr |
|
Designer |
$60.00/hr |
|
Project Manager |
$60.00/hr |
|
System Developer |
$55.00/hr |
|
UI Designer |
$0.00/hr |
|
Database Admin |
$45.00/hr |
|
Database Vendor |
$65.00/hr |
|
IT Engineer |
$50.00/hr |
|
Risk Analyst |
$55.00/hr |
|
Contractor |
$45.00/hr |
|
Trainer |
$45.00/hr |
|
Trainees |
$0.00/hr |
Technology
|
Hardware |
Desktop, hardware, RAM |
|
Software |
Implementation software and designing software |
|
Network |
Firewall server |
Other
|
Travel needs |
The expenses which are associated with travelling are mainly provided to the various employees who are related with the organizations. |
|
Training needs |
Proper training is given to the employees so that they can be able to work |
3.1 Project Milestones
The milestones of the project are listed below:
|
WBS |
Task Name |
Finish |
|
M1 |
Milestone 1: Completion of initiation phase meeting |
Mon 08-10-18 |
|
M2 |
Milestone 2: Completion of planning phase |
Wed 24-10-18 |
|
M3 |
Milestone 3: Completion of system design |
Mon 12-11-18 |
|
M4 |
Milestone 4: Completion of development phase |
Mon 07-01-19 |
|
M5 |
Milestone 5: System deployment completion |
Tue 29-01-19 |
|
M6 |
Milestone 6: Completion of project closure phase |
Tue 29-01-19 |
3.2 Project activities
The activities of the project are listed below:
|
WBS |
Task Name |
|
1 |
Initiation phase |
|
1.1 |
Analyzing needs of the project |
|
1.2 |
Making arrangement for project resources |
|
1.3 |
Hiring employees |
|
1.4 |
Arranging meeting |
|
M1 |
Milestone 1: Completion of initiation phase meeting |
|
2 |
Project planning phase |
|
2.1 |
Listing the activities of the project |
|
2.2 |
Scheduling the activities of the project |
|
2.3 |
Development phase of the project |
|
2.4 |
Reviewing the plan of the project |
|
M2 |
Milestone 2: Completion of planning phase |
|
3 |
Designing phase |
|
3.1 |
Selection of proper platform |
|
3.2 |
Designing outline |
|
3.3 |
Completing the design of the system |
|
3.4 |
Project design review |
|
M3 |
Milestone 3: Completion of system design |
|
4 |
Development phase |
|
4.1 |
UI development |
|
4.2 |
Simulation testing |
|
4.3 |
Database development |
|
4.4 |
Bidding facility development |
|
4.5 |
Listing the preferred buyers |
|
4.6 |
Facility for online transaction |
|
4.7 |
Seasonal sales opportunity |
|
4.8 |
Proper option for information sources |
|
4.9 |
System development completion |
|
4.10 |
Testing of project prototype |
|
M4 |
Milestone 4: Completion of development phase |
|
5 |
System deployment |
|
5.1 |
Developing the deployment plan |
|
5.2 |
Analyzing the project risks |
|
5.3 |
Undertaking change management |
|
5.4 |
Integration of system |
|
M5 |
Milestone 5: System deployment completion |
|
5.6 |
Project closure phase |
|
5.6.1 |
Arranging training program |
|
5.6.2 |
Reviewing project |
|
5.6.3 |
Documentation |
|
5.6.4 |
Project sign off |
|
M6 |
Milestone 6: Completion of project closure phase |
Figure 1: Project resources
Figure 2: Time estimation
4.1 Assumptions
The listed points are generally assumed by the project manager before starting this project and the assumptions include:
- It is assumed that the entire system of I-corp will be developed within the timeframe of 113 days.
- The resources that are estimated will be enough for the process of project completion
- The progress of the project will generally be accomplished as per the project scope.
- 4.2 Project risks and management strategy
|
Risk ID |
Description |
Probability |
Impact |
Rate |
Assigned To |
Response Strategy |
Threat or Opportunity |
|
R1 |
Requirement of extending the schedule of the project |
40% |
4 |
160 |
Project planner |
It is considered as an opportunity as it generally enhances the project quality. |
Opportunity |
|
R2 |
Budget shortfall |
90% |
5 |
450 |
Financial manager |
It is quite necessary to estimate use the resources of the project effectively for reducing budget shortfall. |
Threat |
|
R3 |
Inexperienced team members |
70% |
3 |
210 |
Trainer |
It is necessary to hire experience team members for the project. |
Threat |
|
R4 |
Improper design |
90% |
5 |
450 |
Designer |
Proper design for the system needs to be made for the success of the project. |
Threat |
|
R5 |
Improper management |
50% |
4 |
200 |
Operational manager |
It is quite necessary to use proper management strategies for completing the project. |
Threat |
- Statement on project quality
The development of the system is generally based on zero defect and thus the organization mainly involves within the project to perform the following:
- Checking the resources of the project quite effectively
- Arrangement of weekly meetings in order to discuss the quality of the project
- A set of verification activities
|
Verification Activity |
When? |
|
Programming code review |
It is mainly performed within the development phase. |
|
Verifying all the documents that are associated with testing. |
It is mainly performed within the testing phase of the project. |
|
Reviewing the documents that are associated with the project |
This is mainly done within the project closure phase |
- A set of validation activities
|
Validation Activity |
When? |
|
Requirement of the users are generally checked |
This generally occurs within the project planning phase |
|
Software quality is mainly checked |
This mainly occurs within the project development phase |
|
Automation script validation within the project |
After the closure of the project |
- Develop a closure checklist
|
Project activities |
Status |
|
Does the needs and requirements of the project are properly determined? |
Yes |
|
Does the project manager take the initiative of handing over the project? |
Yes |
|
Does proper training facility is given to the team members? |
Yes |
|
Review of project related documents are done properly? |
Yes |
- Develop a project evaluation
The evaluation of the project as per MOV is given below:
|
Objective |
Evaluation |
|
Quality |
The quality of the service gets improved due to the system. |
|
Scope |
The project scope is generally followed in order to elaborate the project lifecycle. |
|
Budget |
The entire system will be developed within budget which is generally approved with the help of the project sponsor. |
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