Refine Business Plan and De-risking
Traffic management is the process of managing the traffic and smoothing the flow of vehicles in the roads and highways. It includes the use of software applications and various methods to maintain and utilize the capacity of the roads and maintain the normal flow of traffic. The new traffic management system to be implemented the intelligent transportation system to maintain and improve the normal flow of traffic and safety in the busy roads of Pune India. The present traffic management system is proving to be ineffective with the huge increase of vehicles on the busiest roads of Pune. A new and automated traffic management system can improve the scenario and ensure a smooth movement of traffic. The refine business plan, resource requirements, investment partners and release plan of implementing new traffic management are elaborated in the following paragraphs.
The process of implementing new traffic management is very difficult to plan completely since it mainly an iterative process. The most important part of the development is including the need of iteration in the business plan. Developing a business plan helps in supporting the growth of the business and securing the funding for the same. Moreover, a business plan helps in managing the cash flow. Management of cash flow is very important for a successful business management. The business plan identifies the project requirement and the project approach are-
- Identification of hazards such as interface issues, weather conditions, condition of the roads of Pune, vehicle speed, road rules and restricted areas
- Planning the system according to the load of traffic in specific places
- Installation or removal of devices required to implement the new system.
- The business plan includes market research, marketing plan, operational and financial strategy.
- A contractor to be hired who will be responsible for managing and protecting the all the roads that would be affected by the work.
- Traffic diversion will be necessary hence, it is important to identify the alternate temporary roadways to divert the traffic.
- A vehicle management plan is to be prepared to estimate the rate of vehicle flow per hour.
- Traffic controllers are to be trained according to the new traffic management system.
This business plan should include the general guidelines to be followed during the implementation, requirements and impact of this new project on the local traffic.
De-risking is the process of lessen the risk associated with a product development. The risk may be schedule risk, economic risk, operational risk, programmatic risk and technical risk. In order to de risk the customers’ uncertainty, it is essential to know
- Whether the new traffic management is suitable for the roads of Pune
- The places where the new systems are to be implemented and the time required for the same.
After gathering the knowledge about the implementation of the new traffic management, it is essential to follow the business plan according to the needs, specifications and benefits of the implementation.
In order to de risk the product in the pilot stage, it is to be kept in mind that
- Delays and disruption in the project should be negligible
- Ensuring the efficient movement of traffic even during the work of implementation
- No more features are be added or removed from the product in the developing stage.
- The bugs should be identified and the known bugs should be resolved as soon as possible.
Resources allocation is essential to achieve the desired target. Resource allocation focuses on allocation of available resources according to the need of the project. Resource allocation should be carefully carried out in order achieve the strategic goals of an organization regarding an agile product development. The main resource required to complete a project is obviously the people or employees. The other primary resource requirements are capital, information and equipments. Resources should be allocated according to the project objectives and its goal. The resource requirements for implementing new traffic management process are –
Business Analyst |
Identifies the requirements of the project |
Programmers |
Programs the software of the new traffic management system |
Graphic designer |
Designs the Interface of the software |
Database Administrator |
Maintains the database of the software |
System testers |
For testing the system before release |
System integrators |
Integrating the individual units before testing |
Operational manager |
Person who would be the in charge of the software operation and maintenance |
The resource management for a project not only includes the people required for a project, but also estimates the capital requirement for the project. The capital requirement should include the payment of the employees apart from the cost of equipments and materials needed for the project. The estimated capital requirement for the entire project is 60, 00000 INR
Finding investment partners and funding sources is very essential before starting with the process of software development. The investment partners that can be approached for investment and funding are as follows-
- Government of India
- State Government of Pune, India
Resource Requirement
The core team members for new traffic management process are-
Program and product manger |
They are responsible for carrying out communication with sponsor, risk assessment of the project, delivering the updates, keeping a track of the issues that may arise in the development process. |
System Architect |
provides guidance to the development team for resolving the technical issues that might generate in the development process |
Business Analyst |
provides solution to the business related problems |
Designers |
They design the framework of the product and write the specification of the product. They design the visual elements of the product as well |
Developers (coders) |
Developers are responsible for writing the codes and fixing the bugs. They are the backbone of project development team responsible for writing the codes of the product that is to be developed |
Testers |
Testers examines the code written by the developers and identifies the loopholes in the coding, that is, they flag the bugs in the product that are needed to be fixed before the release |
Content writer |
maintains the documentation of the product development |
Technical support |
Fixes the technical issues arising in the product development and provides technical support to the clients, answers their queries regarding a the traffic management software. |
- The co development partner for this project are the Siemens and Pune Police
In this project, the release has to be within 6 months since that is the time allocated for the project. The releases are carried out only when the company is capable of delivering a fully tested and a working product.
All the works related to project development is categorized in units, which are called Stories. One story can be completed within one sprint. A story is negligibly documented and it delivers the product in working condition after undergoing a testing procedure. Stories are generally stored in a backlog.
For execution of Sprint, the team members need to arrange meeting from time to time. Stories are assigned to the members according to their skill and availability. Team members take the responsibility of designing, building and testing the stories, they are assigned. The stories, which remain incomplete, are queued into the next sprint.
The most important phenomenon of a release is that, it always delivers a working product. After one release, the further releases can improve the original segments according to price and customers’ needs.
One release plan to execute the project according to the funding and partners is to make the customer, the sole decision maker. The release plan should be thoroughly planned with an estimation of the features to be delivered (in working condition) in the release. Customer’s demand is prioritized in the release. Meetings are to be held with the customer before the release to list down the features that need to be delivered. The developers should estimate the amount of work needed to be done to implement the release.
Conclusion
Form the above discussion it can be concluded that, the business plan for implementing the new traffic management system in Pune should be very careful in planning the business. Business plan should include all the requirements and the objectives of the project. It should keep in mind the users’ requirements and the expectation form the product. The business plan should be flexible enough to undergo changes if required, during the course of action. Apart from having a refine business plan, it is very essential to de-risk the areas of uncertainty that may arise in implementing the new system by replacing the existing system. . After de risking the uncertainty, it is to be remembered that no new features is to be added to the product in the pilot stage and all the known and unknown bugs are needed to be eliminated. Resource requirement and allocation is another important and primary aspect of any business management. The primary resource allocation includes the allocation of people, time and money for the project. Another important aspect of product development is indentifying the investment partner and source of funding for the project. The identification of team members and partners to work in the project is the next step, which is followed by a successful release. Potential team members include people who perfectly fit into certain roles and have a good knowledge about their position and work. All these factors are responsible for a successful implementation of new traffic management system in Pune, India.