KIT203 ICT Project Management | Measurable Organizational Value
Include the Project description and overview you developed as part of Assessment 2.
Part One:
MOV - Measurable Organisational Value
(This is the goal of the project and is utilised to define the value that your team project will bring to your client)
- Identify the desired area of impact - Rank the following areas in terms of importance: Strategy / Customer / Financial / Operational / Social
- With reference to your project, identify one or two of the following types of value:
- Better - is improving quality important to your client?
- Faster - does your client want to increase efficiency?
- Cheaper - is cutting costs important?
- Do more - does your client want to continue its growth?
- Develop an appropriate metric - this sets the target and expectation of all the stakeholders. It is important to determine a quantitative target that needs to be expressed as a metric in terms of an increase or decrease of money.
- Determine the timeframe for achieving the MOV - ask yourselves, when do we want to achieve this target metric?
- Summarise The Mov In a Clear Concise Statement Or Table
Part Two:
Define Scope and produce a Scope Management Plan
Define the scope of the project and detail how the scope will be managed.
Provide a list of Resources
Identify and detail the resources for the project using MS Project where appropriate, including:
- People (and their roles), plus any extra personnel that is required for the project.
- Technology - any hardware, network and software needs to support the team and your client.
- Facilities - where will most of the teamwork be situated?
- Other - for example, travel, training etc.
Part Three:
Using MS Project, develop a schedule using a high level Work Breakdown Structure (WBS). It should include:
Milestones for each phase and deliverable
- This will tell everyone associated with the project that the phase or deliverable was completed satisfactorily.
Activities / Tasks
- Define a set of activities / tasks that must be completed to produce each deliverable.
Resource Assignments
- Assign people and resources to each individual activity.
Estimates for Each Activity / Task
- Develop a time estimate for each task or activity to be completed.
Budget
- Create a time-phased budget using bottom-up estimating. Be sure to include direct costs listed in Part two and add 20% for fringe. State all assumptions and constraints you have used when creating your budget. State how confident you are in your estimates and what would make you more confident.
Part Four:
Project Risk Analysis and Plan
- Document any assumptions you have made about the project
- Using the Risk Identification Framework as a basis, identify five risks to the project – one for each of the five phases of the methodology.
- Analyse these risks, assign a risk to an appropriate member, and describe a strategy for the management of each specific risk
Part Five
Quality Management Plan. It should include:
- A short statement that reflects your team’s philosophy or objective for ensuring that you deliver a quality system to your client.
- Develop and describe the following that your project team could implement to ensure quality;
- A set of verification activities
- A set of validation activities
Part Six:
Closure and Evaluation Researching for the closure checklist and project evaluation
To prepare for this task, you will be required to provide an annotated bibliography.
Write an Annotated Bibliography for three (3) relevant texts or readings around project evaluation. The Annotated Bibliography is a critical examination of the most relevant, recent and scholarly research on the topic area that is not just a summary of the articles you have read
You will submit this as an appendix to your project evaluation documentation.
Ensure that the AB submitted by you is your own work and has not been submitted elsewhere and comply with the University's requirements for academic integrity.
- Develop a closure checklist that the project team will use to ensure that the project has been closed properly.
- Develop a project evaluation –outline and discuss how your project’s MOV will be evaluated.
Answer:
1. Project overview
The businesses are advancing all over the world and the enterprises are experiencing drastic changes in the technology fields every day. The online advanced system is slowly gaining popularity and is replacing the age old procedures of conducting the business. The advanced technologies are capable to offer them several benefits. Globex has appointed a team and that team will assist them to develop the Online Stud farming Management System.
The paper will explain all the beneficiary aspects that OSFMS BOOKING system can provide. The issues, risks and assumptions have also been elaborated in the report.
2.0 Measurable organizational value (MOV)
2.1 Desired area of Impact
OSFMS booking project is associated with the following desired area of impact-
Customer: Globex customers comprises of the horse owners, farmers and the general customers. They are facing numerous problems and the latest adopted online booking system can help them to know the details about the issues
Strategy: The latest adopted online booking system can aid in decision making. Globex can take critical or smart decision with the hel
p of this online booking system
Social: The latest adopted online booking system can help Globex to interact with the customers
Operational: The latest adopted online system will make the business process faster for sure. Globex can be able to store and process data smoothly and fast.
Financial: The latest adopted online booking system will provide error-free results.
2.2 Value of the project plan
OSFMS booking online project value plan consists of-
Better: The OSFMS booking online system comes with embellished security and privacy features which can let Globex to conduct the business activities safely and peacefully
Cheaper: The OSFMS booking online system will curb down the expenses of hardware and the software resources required for conducting the business
Faster: The OSFMS booking online system will make the business process affordable
2.3 Stakeholder involved in the project plan
OSFMS booking online project involves the following list of stakeholders
2.4 Proper timeframe and metric
Rank |
Effect |
Metrics |
Timeframe |
1 |
Operational |
The OSFMS booking will save a lot of time and will assist in conducting the business much faster, thus save a lot of time for Globex |
4.5 months |
2 |
Strategy |
OSFMS booking online system aids Globex in taking tactical decision that can improvise the business |
3.5 months |
3 |
Customer |
Globex with the assistance of the system can provide excellent horse owners, customers. They can communicate with them and provide help and support in need |
4 months |
4 |
Social |
OSFMS booking system can offer several benefits to the employees, the horse owners and the customers to communicate with one another |
5 months |
5. |
Financial |
The system will make the business process affordable by reducing costs required to purchase hardware and software resources |
3.5 months |
3. Scope management plan
3.1 Detailed scope of the project
OSFMS booking project detailed scope has been proposed below-
Requirements: The OSFMS booking system has been planned to implement and configure in the Globex premises and the online booking system is going to cater several benefits related to the employees, customers and the horse owners.
In scope and out scope:
In scope: In-scope project is associated with -
- Globex can be able to conduct business elegantly and it is possible because of the advent of the online booking system
- The online booking system can ease the calculation of the financial data
- The OSFMS booking system offers assistance to track the employees
- The OSFMS online booking system offers assistance them to understand the behavior of horse owners, customers as well as the farmers
Out scope: OSFMS project’s out pf scope details-
- Training is required for the candidates in the Globex’s premises and according to the project plan the training out-of-scope of the project plan
- OSFMS online booking system needs maintenance and the scope of maintenance is absent from the project plan
Deliverables: OSFMS online booking project comes with the following list of deliverables
- The OSFMS project will need a budget of
- TheOSFMS project is expected to complete by
- The project manager creates the project plan in which the all the activities have been elaborated in details
Scope verification procedure: The scope verification procedure will let Globex know how to mitigate the issues the horse owners, customers and the farmers are facing right now and depending on that they can take important measures to facilitate them. The online system will provide assistance so they can stay connected with Globex all the time.
3.2 List of resources
The project manager allocate resources for the project and they are-
Human resources: The resources allocated for the project are- business analyst, marketing manager, project manager and the coder.
Resource Name |
Type |
Max. Units |
Std. Rate |
Project Manager |
Work |
100% |
$35.00/hr |
Marketing Manager |
Work |
100% |
$30.00/hr |
Business Analyst |
Work |
100% |
$30.00/hr |
Coder |
Work |
100% |
$30.00/hr |
4. Project schedule and WBS
4.1 Project schedule
Task Name |
Duration |
Start |
Finish |
Predecessors |
Resource Names |
Cost |
Online Stud farming Management System Project Plan |
52 days |
Mon 21-05-18 |
Tue 31-07-18 |
|
|
$14,080.00 |
Initiating the Business Case |
9 days |
Mon 21-05-18 |
Thu 31-05-18 |
|
|
$3,320.00 |
Fixing Appointment with the Project Manager |
4 days |
Mon 21-05-18 |
Thu 24-05-18 |
|
Business Analyst,Marketing Manager |
$1,920.00 |
Project Plan Development |
5 days |
Fri 25-05-18 |
Thu 31-05-18 |
3 |
Project Manager |
$1,400.00 |
Milestone 1: Finishing the Business Case |
0 days |
Thu 31-05-18 |
Thu 31-05-18 |
4 |
|
$0.00 |
Planning |
43 days |
Fri 01-06-18 |
Tue 31-07-18 |
|
|
$10,760.00 |
Conducting Primary Planning |
11 days |
Fri 01-06-18 |
Fri 15-06-18 |
|
|
$3,080.00 |
Detailed Schedule Planning |
5 days |
Fri 01-06-18 |
Thu 07-06-18 |
4 |
Project Manager |
$1,400.00 |
Detailed Resource Planning |
6 days |
Fri 08-06-18 |
Fri 15-06-18 |
8 |
Project Manager |
$1,680.00 |
Milestone 2: Completing the Primary Planning |
0 days |
Fri 15-06-18 |
Fri 15-06-18 |
9 |
|
$0.00 |
Carrying Out Supplementary Planning |
32 days |
Mon 18-06-18 |
Tue 31-07-18 |
|
|
$7,680.00 |
Carrying Out Quality Management |
7 days |
Mon 18-06-18 |
Tue 26-06-18 |
9 |
Business Analyst |
$1,680.00 |
Carrying Out Communication Management |
6 days |
Wed 27-06-18 |
Wed 04-07-18 |
12 |
Business Analyst |
$1,440.00 |
Carrying Out Change Management |
7 days |
Thu 05-07-18 |
Fri 13-07-18 |
13 |
Business Analyst |
$1,680.00 |
Online System Development |
7 days |
Mon 16-07-18 |
Tue 24-07-18 |
14 |
Coder |
$1,680.00 |
Online System Testing |
5 days |
Wed 25-07-18 |
Tue 31-07-18 |
15 |
Coder |
$1,200.00 |
Milestone 3: Carrying Out the Supplementary Planning and Online System Development |
0 days |
Tue 31-07-18 |
Tue 31-07-18 |
16 |
|
$0.00 |
Figure 1: Gantt chart
Source: Created by autho
4.2 WBS
Figure 2: Work Breakdown Structure
(Source: Created by author)
4.3 Milestone of the Project plan
Task Name |
Start |
Online Stud farming Management System Project Plan |
Mon 21-05-18 |
Milestone 1: Finishing the Business Case |
Thu 31-05-18 |
Milestone 2: Completing the Primary Planning |
Fri 15-06-18 |
Milestone 3: Carrying Out the Supplementary Planning and Online System Development |
Tue 31-07-18 |
5. Project risk analysis and plan
5.1 Project assumptions
Following has been assumed for the project-
Time: The project manager has allocated fixed time period within which the tasks must be accomplished and it is assumed the members will follow the timetable prepared
Budget: The business analyst along with the project manager analyses the market and prepares the budget for the project. The stakeholders are bound to follow the budget schedule and it is expected that the project will not go over budget
Resources: Project manager allocates resources for the project and it is expected that the resources selected will be of high quality
5.2 Risk Assessment
Risk ID |
Description |
Probability |
Impact |
Rate |
Assigned to |
Response Strategy |
Threat or Opportunity |
1 |
The OSFMS online booking must be implemented with care and responsibility or else the entire business process of Globes will suffer |
Upto 85% |
5 |
High |
Coder |
OSFMS online booking system should have been installed properly |
The OSFMS online booking site will cater them long term benefits is the system is well implemented |
2 |
The project is over budget |
Upto 75% |
4 |
High |
Market analyst |
The duty of the market analyst is to assess the market, conducts feasibility study and the schedule budget for the project |
The project can gain success if the project is over budget |
3 |
The project struggles as the project manager fails to allocate resources accurately |
Upto 65% |
3 |
Medium |
Project manager |
It is the duty of the project manager to assess the stakeholders’ strength and ability and expertise and based on that the project tasks must be well distributed |
They can gain success and long term benefits if the resources are accurately overallocated |
Probability of occurrence |
Impact of occurrence | ||||
|
Very low |
Low |
Medium |
High |
Very high |
Very low |
|
|
|
|
|
Low |
|
|
|
|
|
Medium |
|
|
Resource risk |
Technical risk |
|
High |
|
|
Schedule risk |
Technical risk |
|
Very high |
|
|
|
|
|
Figure 3: Qualitative Risk Analysis
(Source: Created by author)
6. Quality management plan
The OSFMS online booking system must be completed ensuring the project standard and quality. It is the duty of the project manager to assure the project quality and standard. The project manager’s mission and the vision are necessary to meet the project’s quality.
6.1 Quality issues
Project Name: OSFMS BOOKING Online Booking System |
Project manager Name:
| ||||
Sl.No |
Quality related issues that are possible |
Mitigation time |
Method for mitigation |
Owner |
Status |
1 |
The error-prone documentation is refraining the associated project stakeholders to continue the project |
4 months |
Inspection |
Project manager |
Open |
2 |
The hardware resources have multiple flaws due to which the OSFMS project is not interlinked appropriately with the hardware resources |
4.5 month |
Inspection |
Project manager |
Open |
3 |
The employees and the management staffs are not experienced enough and do not have the required skills to manage the project resources |
3.5 months |
Inspection |
project manager |
Open |
Validation and the verification testing methods have been elaborated below-
Validation testing: This testing ensures that whether the stakeholders of the project are working to meet the quality of the project or not.
Verification testing: This testing ensures that the project is being carried out following the policies or not.
Bibliography
Grabara, J., & Bosun, P. (2014). Consideration on online education in Romania. International Letters of Social and Humanistic Sciences, 14(1), 59-65.
Kogan, A., Sudit, E. F., & Vasarhelyi, M. A. (2018). Continuous online auditing: A program of research. In Continuous Auditing: Theory and Application (pp. 125-148). Emerald Publishing Limited.
Reddy, T. B., Thomas, A. D., Stamatis, D., Bertsch, J., Isbandi, M., Jansson, J., ... & Kyrpides, N. C. (2014). The Genomes OnLine Database (GOLD) v. 5: a metadata management system based on a four level (meta) genome project classification. Nucleic acids research, 43(D1), D1099-D1106.
Shin, W. S., & Kang, M. (2015). The use of a mobile learning management system at an online university and its effect on learning satisfaction and achievement. The International Review of Research in Open and Distributed Learning, 16(3).
Vasarhelyi, M. A., & Halper, F. B. (2018). The continuous audit of online systems. In Continuous Auditing: Theory and Application (pp. 87-104). Emerald Publishing Limited.
Wefel, J. S., Kesler, S. R., Noll, K. R., & Schagen, S. B. (2015). Clinical characteristics, pathophysiology, and management of noncentral nervous system cancer?related cognitive impairment in adults. CA: a cancer journal for clinicians, 65(2), 123-138.
Wei, H. C., Peng, H., & Chou, C. (2015). Can more interactivity improve learning achievement in an online course? Effects of college students' perception and actual use of a course-management system on their learning achievement. Computers & Education, 83, 10-21.
Zhang, W., Xu, Y., Liu, W., Zang, C., & Yu, H. (2015). Distributed online optimal energy management for smart grids. IEEE Transactions on Industrial Informatics, 11(3), 717-727
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