Part One – Measurable Organisational Value
Identification of the Area of Impact
|
Factor |
Description |
Ranking |
|
Customer |
The focus of the customer is high on the project as Globex wants the application for its customers only |
1 |
|
Financial |
Economical impact on operations would be effective for the development of the successful execution of the activities. |
2 |
|
Operational |
Operations of the organization is a must as the application is supposed to make it more effective |
3 |
|
Strategy |
Strategies of implementing the development factors would be eased with the consideration of the factors and development. |
4 |
|
Social |
Social influence of operations would be implied with the involvement of the successive development factor. |
5 |
|
Value |
Metrics |
Time Frame |
|
Better |
Number of operations |
3 months |
|
Faster |
Delivery time |
2 months |
|
Cheaper |
Cost Incurred |
5 months |
|
Do More |
Effectiveness |
8 months |
In Scope
- Development of the Project Plan
- Design of Cash Application
- Development of Cash Application
- Testing of Cash Application
- Final Documentation
- Training of the users
- Change Management
- Scope Creep Analysis
|
Resource Name |
Roles |
|
Financial manager |
Management of the Cash Application |
|
Project manager |
Management of the project activities |
|
Project planner |
Project Scheduling |
|
Developer |
Development of Application |
|
System engineer |
Integration of system functions |
|
Designer |
Design development |
|
Tester |
Testing the system for functions |
|
System analyst |
Analyzing the system requirements |
|
Database administrator |
Management of the database |
|
Human resource manager |
Management of the human resources |
|
Risk analyst |
Analyzing the project risks |
|
Programmer |
Programming the application |
|
System administrator |
Managing system functions |
|
Software engineer |
Integration of system functions |
Hardware and Network Requirements
Computer System, Router, Switch, and NIC card
Software Requirements
Application UI, Programming, Designing, and Testing Software
Facilities
High Level Work Break Down Structure
The Gantt chart for the project is shown below,
|
WBS |
Task Name |
Duration |
Start |
Finish |
|
M1 |
Kick off |
0 days |
Mon 8/6/18 |
Mon 8/6/18 |
|
M2 |
Plan Approval |
0 days |
Mon 8/20/18 |
Mon 8/20/18 |
|
M3 |
Design Approval |
0 days |
Tue 8/28/18 |
Tue 8/28/18 |
|
M4 |
System Developed |
0 days |
Thu 9/27/18 |
Thu 9/27/18 |
|
M5 |
Test Documentation |
0 days |
Thu 10/11/18 |
Thu 10/11/18 |
|
M6 |
System Live |
0 days |
Thu 10/18/18 |
Thu 10/18/18 |
|
M7 |
Project Closed |
0 days |
Mon 10/22/18 |
Mon 10/22/18 |
|
Resource Name |
Work |
Standard Rate |
Cost |
|
Financial manager |
80 hrs |
$ 70.00/hr |
$ 5,600.00 |
|
Project manager |
80 hrs |
$ 80.00/hr |
$ 6,400.00 |
|
Project planner |
56 hrs |
$ 40.00/hr |
$ 2,240.00 |
|
Developer |
64 hrs |
$ 60.00/hr |
$ 3,840.00 |
|
System engineer |
96 hrs |
$ 75.00/hr |
$ 7,200.00 |
|
Designer |
32 hrs |
$ 50.00/hr |
$ 1,600.00 |
|
Tester |
104 hrs |
$ 50.00/hr |
$ 5,200.00 |
|
System analyst |
32 hrs |
$ 55.00/hr |
$ 1,760.00 |
|
Database administrator |
64 hrs |
$ 60.00/hr |
$ 3,840.00 |
|
Human resource manager |
88 hrs |
$ 70.00/hr |
$ 6,160.00 |
|
Risk analyst |
80 hrs |
$ 40.00/hr |
$ 3,200.00 |
|
Programmer |
48 hrs |
$ 65.00/hr |
$ 3,120.00 |
|
System administrator |
128 hrs |
$ 70.00/hr |
$ 8,960.00 |
|
Software engineer |
104 hrs |
$ 75.00/hr |
$ 7,800.00 |
|
Hardware and software requirements |
1 |
$ 5,000.00 |
$ 5,000.00 |
|
Additional cost |
1 |
$ 3,000.00 |
$ 3,000.00 |
|
Total Budget |
$74,920.00 |
Assumptions
- Important Documentation would be done by the users
- All bugs and errors would be fixed in the estimated time
- Cash Application would be compatible with the user’s requirements
|
Risk |
Probability (1-5) |
Impact (1-5) |
Rating P*I |
|
Over budget |
4 |
3 |
8 |
|
Delay of Schedule |
5 |
2 |
10 |
|
Performance Issues |
3 |
5 |
15 |
|
Programming Errors |
2 |
4 |
8 |
|
Missing Function |
4 |
5 |
20 |
The new cash application for Globex would ensure that the requirements of the client for easing their customer’s operations would be done by following the engineering activities.
Testing methods of White Box, Black Box, User Interface. Prototyping, and Simulation would be used as verification activities.
Quality Control, Evaluation Checklist, and Feasible Project Plan analysis would be used as the validation activities.
Annotated Bibliography
Article: A computerized method for delay risk assessment based on fuzzy set theory using MS Project™
Journal: KSCE Journal of Civil Engineering
Authors: Budayan, C., Dikmen, I., Birgonul, M. T., and Ghaziani, A.
Year of Publication: 2018
Synopsis: According to Budayan, Dikmen, Birgonul and Ghaziani (2018), the Ms-Project software can be helpful for defining the influence of the risk management. The analysis of the fuzzy set theory would align with the development of the successive management of the activities and implying the innovative and improved functional management using successful development of project schedule using Ms-Project. The risk assessment is helpful for enduring the analysis of the factors for developing the successful integration and alignment of the cohesive project integration. The analysis would also be helpful for taking care of the risk assessment and development of the factors for the integration management. The integration would be aligned for the management of the successful formation and introducing the utilization and formation.
Article: How does risk management influence production decisions? Evidence from a field experiment
Journal: The Review of Financial Studies (Vol. 30; Issue no. 6)
Authors: Cole, S., Giné, X., and Vickery, J.
Year of Publication: 2017
Synopsis: According to Cole, Gine and Vickery (2017), risk management holds an integral role in defining the management of the successful management and integration of the factors. The production decisions for the project can be effectively dealt with the innovative and improved analysis model. The risk management operations would be helpful for taking care of the factors for the implementation and utilization factors. The innovation would be more effective for the formation of the impressive management and development. The analysis of the factors for the development and alignment of the factors has been largely helpful for integrating the listing of the factors taking care of the improved analysis and development. The easing of the management model would be implied with the consideration and utilization of the successive development model.
Article: Between cost and benefit: investigating effects of cost management control systems on cost efficiency and organisational performance
Journal: Journal of Management Control (Vol. 29; Issue no. 1)
Authors: Diefenbach, U., Wald, A., and Gleich, R.
Year of Publication: 2018
Synopsis: According to Diefenbach, Wald and Gleich (2018), the consideration of the factorial representation of the development model would align with the consideration to the formation and listing the innovative management of the factors. The successful management of the factors would help the organization in taking care of the innovation and development. The cost analysis and the management of the resources act as a major factor for integrating the utilization and development. The completion of the successful project completion would be aligned with the management of the successful cost factors. The consideration for the efficiency analysis of the costing factor for the project is aligned with the utilization of the improved functional development.
|
Is required information and resources for the project comprehensive? |
þ |
|
Is the project plan feasible? |
þ |
|
Has the design being approved by the client? |
þ |
|
Are all the factors for the risk assessment being considered? |
þ |
|
Is it possible for the actualization of the project? |
þ |
|
Has the project be approved by the client? |
þ |
Almeida, H., Hankins, K. W., & Williams, R. (2017). Risk management with supply contracts. The Review of Financial Studies, 30(12), 4179-4215.
Andersen, K., Thorsteinsson, S. E., Thorbergsson, H., & Gudmundsson, K. S. (2017, July). Developing the academic-industrial partnership through student research and projects: Case studies from Iceland. In Professional Communication Conference (ProComm), 2017 IEEE International (pp. 1-5). IEEE.
Budayan, C., Dikmen, I., Birgonul, M. T., & Ghaziani, A. (2018). A computerized method for delay risk assessment based on fuzzy set theory using MS Project™. KSCE Journal of Civil Engineering, 1-12.
Burtonshaw-Gunn, S. A. (2017). Risk and financial management in construction. Routledge.
Christian, D. (2018). Building Cost Management: Case Study Using Costing Methods. IJAME.
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Diefenbach, U., Wald, A., & Gleich, R. (2018). Between cost and benefit: investigating effects of cost management control systems on cost efficiency and organisational performance. Journal of Management Control, 29(1), 63-89.
Fuller, M. A., Valacich, J. S., George, J. F., & Schneider, C. (2017). Information Systems Project Management: A Process and Team Approach, Edition 1.1. Prospect Press.
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Heldman, K. (2018). PMP: project management professional exam study guide. John Wiley & Sons.
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Husin, S., & Malahayati, N. (2018, May). Identifying inaccuracy of MS Project using system analysis. In IOP Conference Series: Materials Science and Engineering (Vol. 352, No. 1, p. 012036). IOP Publishing.
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