Project Management For Measurable Organizational Value

Understanding Measurable Organizational Value

The measurable organizational value helps in identifying whether a particular project or task is able to achieve its desired goal or not (Kerzner & Kerzner, 2017). The project associated with the development of i-Crop application focuses on a major area of impact. The area of impact corresponding to their ranking is represented in the following table-

Rank 1	Customer
Rank 2	Financial Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper
Rank 3	Operational
Rank 4	Strategy
Rank 5	Social

The values the project will bring to the organization are as follows (Marchewka, 2014)-

Faster: The application and website will ensure faster transaction
Better: The project will enhance the process of managing the warehoused grains.

The metrics for measuring the MOV of the project are as follows-

To check whether the requirements of the project is met
To check if the project is fulfilling the goals of the project.

One of the essential needs of project management is identification and management of the scope of the project (Larson, Gray, Danlin, Honig & Bacarini, 2014). The scope of the project is to implement a online website and a smartphone application. The scope management plan would incorporate regular monitoring and control of the project (Harrison & Lock, 2017). Furthermore, it is the responsibility of the project manager to ensure that the scope of the project is not changed in the implementation phase.

The list of resources associated with the project is as follows (Heagney, 2016)-

Resource Name	Type	Max. Units	Std. Rate	Ovt. Rate	Cost/Use
Project Manager	Work	100%	$80.00/hr	$0.00/hr	$0.00
Resource Manager	Work	200%	$50.00/hr	$0.00/hr	$0.00
Functional Manager	Work	200%	$50.00/hr	$0.00/hr	$0.00
Coding team of Virtucon	Work	800%	$40.00/hr	$0.00/hr	$0.00
Testing Team of Virtucon	Work	300%	$40.00/hr	$0.00/hr	$0.00
Database Administrator	Work	200%	$6.00/hr	$0.00/hr	$0.00
Website and Application Launch	Material		$0.00		$50,000.00
Training Team by Virtucon	Work	500%	$35.00/hr	$0.00/hr	$0.00
Archive	Material		$0.00		$5,000.00
Document Manager	Work	200%	$25.00/hr	$0.00/hr	$0.00

The major milestones of the project are as follows-

M1: Project Approval

M2:Project Plan Approval

M3: Successful application and website development

M5: Successful Project Release

M6: Project Closes

The list of activities and the tasks are as follows-

WBS	Task Name
0	Project by Globex and Virtucon
1	Initiation Phase
1.1	Identification of the Requirement specifications
1.2	Documentation
1.3	Sharing Documents
1.4	M1: Project Approval
2	Project Planning
2.1	Project Scheduling
2.2	Project Budget Estimation
2.3	Resource Estimation and Allocation
2.4	Development of Project Plan
2.5	M2:Project Plan Approval
3	Project Implementation
3.1	Interface Designing
3.2	Coding
3.3	Database Designing
3.4	Linking with the database
3.5	Documentation
3.6	M3: Successful application and website development
4	Testing
4.1	Alpha Testing
4.2	System testing
4.3	User acceptance testing
4.4	Bug Fixing (if any)
4.5	M4: Completion of Testing and Bug Fixing
5	Website and Application Go Live and Training
5.1	Application and Website launch
5.2	Training
5.3	Maintenance
5.4	M5: Successful Project Release
6	Project Closure
6.1	Payment Completion
6.2	Resource Release
6.3	Project Evaluation
6.4	Client Sign off
6.5	M6: Project Closes

The resource allocated to the project is as follows-

Task Name	Duration	Resource Names
Project by Globex and Virtucon	183 days
Initiation Phase	12 days
Identification of the Requirement specifications	6 days	Project Manager, Functional Manager
Documentation	5 days	Archive[1],Document Manger
Sharing Documents	1 day	Document Manger
M1: Project Approval	0 days
Project Planning	21 days
Project Scheduling	2 days	Functional Manager
Project Budget Estimation	10 days
Resource Estimation and Allocation	4 days	Resource Manager
Development of Project Plan	5 days	Functional Manager
M2:Project Plan Approval	0 days
Project Implementation	61 days
Interface Designing	20 days	Coding team of Virtucon
Coding	25 days	Coding team of Virtucon, Website and Application Launch[1]
Database Designing	30 days	Coding team of Virtucon, Database Administrator
Linking with the database	10 days	Coding team of Virtucon, Database Administrator
Documentation	1 day	Archive[1],Document Manger
M3: Successful application and website development	0 days
Testing	47 days
Alpha Testing	10 days	Testing Team of Virtucon
System testing	12 days	Testing Team of Virtucon
User acceptance testing	15 days	Testing Team of Virtucon
Bug Fixing (if any)	10 days	Testing Team of Virtucon
M4: Completion of Testing and Bug Fixing	0 days
Website and Application Go Live and Training	42 days
Application and Website launch	10 days	Project Manager, Functional Manager
Training	12 days	Training Team by Virtucon, Functional Manager
Maintenance	20 days	Functional Manager, Training Team by Virtucon
M5: Successful Project Release	0 days
Project Closure	15 days
Payment Completion	5 days	Archive[1]
Resource Release	2 days	Project Manager
Project Evaluation	8 days	Functional Manager, Project Manager
Client Sign off	1 day	Project Manager
M6: Project Closes	0 days

The time estimate for each project activities is as follows-

WBS	Task Name	Duration	Start	Finish
0	Project by Globex and Virtucon	183 days	Wed 12-09-18	Fri 24-05-19
1	Initiation Phase	12 days	Wed 12-09-18	Thu 27-09-18
1.1	Identification of the Requirement specifications	6 days	Wed 12-09-18	Wed 19-09-18
1.2	Documentation	5 days	Thu 20-09-18	Wed 26-09-18
1.3	Sharing Documents	1 day	Thu 27-09-18	Thu 27-09-18
1.4	M1: Project Approval	0 days	Thu 27-09-18	Thu 27-09-18
2	Project Planning	21 days	Fri 28-09-18	Fri 26-10-18
2.1	Project Scheduling	2 days	Fri 28-09-18	Mon 01-10-18
2.2	Project Budget Estimation	10 days	Tue 02-10-18	Mon 15-10-18
2.3	Resource Estimation and Allocation	4 days	Tue 16-10-18	Fri 19-10-18
2.4	Development of Project Plan	5 days	Mon 22-10-18	Fri 26-10-18
2.5	M2:Project Plan Approval	0 days	Fri 26-10-18	Fri 26-10-18
3	Project Implementation	61 days	Mon 29-10-18	Mon 21-01-19
3.1	Interface Designing	20 days	Mon 29-10-18	Fri 23-11-18
3.2	Coding	25 days	Mon 26-11-18	Fri 28-12-18
3.3	Database Designing	30 days	Mon 26-11-18	Fri 04-01-19
3.4	Linking with the database	10 days	Mon 07-01-19	Fri 18-01-19
3.5	Documentation	1 day	Mon 21-01-19	Mon 21-01-19
3.6	M3: Successful application and website development	0 days	Mon 21-01-19	Mon 21-01-19
4	Testing	47 days	Tue 22-01-19	Wed 27-03-19
4.1	Alpha Testing	10 days	Tue 22-01-19	Mon 04-02-19
4.2	System testing	12 days	Tue 05-02-19	Wed 20-02-19
4.3	User acceptance testing	15 days	Thu 21-02-19	Wed 13-03-19
4.4	Bug Fixing (if any)	10 days	Thu 14-03-19	Wed 27-03-19
4.5	M4: Completion of Testing and Bug Fixing	0 days	Wed 27-03-19	Wed 27-03-19
5	Website and Application Go Live and Training	42 days	Thu 28-03-19	Fri 24-05-19
5.1	Application and Website launch	10 days	Thu 28-03-19	Wed 10-04-19
5.2	Training	12 days	Thu 11-04-19	Fri 26-04-19
5.3	Maintenance	20 days	Mon 29-04-19	Fri 24-05-19
5.4	M5: Successful Project Release	0 days	Fri 26-04-19	Fri 26-04-19
6	Project Closure	15 days	Mon 29-04-19	Fri 17-05-19
6.1	Payment Completion	5 days	Mon 29-04-19	Fri 03-05-19
6.2	Resource Release	2 days	Mon 06-05-19	Tue 07-05-19
6.3	Project Evaluation	8 days	Wed 08-05-19	Fri 17-05-19
6.4	Client Sign off	1 day	Wed 08-05-19	Wed 08-05-19
6.5	M6: Project Closes	0 days	Wed 08-05-19	Wed 08-05-19

The budget estimated for the project is represented in the following table-

WBS	Task Name	Resource Names	Cost
0	Project by Globex and Virtucon		$163,600.00
1	Initiation Phase		$12,440.00
1.1	Identification of the Requirement specifications	Project Manager, Functional Manager	$6,240.00
1.2	Documentation	Archive[1],Document Manager	$6,000.00
1.3	Sharing Documents	Document Manager	$200.00
1.4	M1: Project Approval		$0.00
2	Project Planning		$4,400.00
2.1	Project Scheduling	Functional Manager	$800.00
2.2	Project Budget Estimation		$0.00
2.3	Resource Estimation and Allocation	Resource Manager	$1,600.00
2.4	Development of Project Plan	Functional Manager	$2,000.00
2.5	M2:Project Plan Approval		$0.00
3	Project Implementation		$84,320.00
3.1	Interface Designing	Coding team of Virtucon	$6,400.00
3.2	Coding	Coding team of Virtucon, Website and Application Launch[1]	$58,000.00
3.3	Database Designing	Coding team of Virtucon, Database Administrator	$11,040.00
3.4	Linking with the database	Coding team of Virtucon, Database Administrator	$3,680.00
3.5	Documentation	Archive[1],Document Manager	$5,200.00
3.6	M3: Successful application and website development		$0.00
4	Testing		$15,040.00
4.1	Alpha Testing	Testing Team of Virtucon	$3,200.00
4.2	System testing	Testing Team of Virtucon	$3,840.00
4.3	User acceptance testing	Testing Team of Virtucon	$4,800.00
4.4	Bug Fixing (if any)	Testing Team of Virtucon	$3,200.00
4.5	M4: Completion of Testing and Bug Fixing		$0.00
5	Website and Application Go Live and Training		$32,160.00
5.1	Application and Website launch	Project Manager, Functional Manager	$10,400.00
5.2	Training	Training Team by Virtucon, Functional Manager	$8,160.00
5.3	Maintenance	Functional Manager, Training Team by Virtucon	$13,600.00
5.4	M5: Successful Project Release		$0.00
6	Project Closure		$15,240.00
6.1	Payment Completion	Archive[1]	$5,000.00
6.2	Resource Release	Project Manager	$1,280.00
6.3	Project Evaluation	Functional Manager, Project Manager	$8,320.00
6.4	Client Sign off	Project Manager	$640.00
6.5	M6: Project Closes		$0.00

While development of the project plan, it is essential to understand the assumptions associated with the project (Nicholas & Steyn, 2017). The assumptions considered in this project are as follows-

Project should be completed within a scheduled time
The resources needed in the project should be readily available.

The risks associated with the project are as follows-

Schedule Risk
Resource Risk
Budget Risk
Risk of scope creep
Management Issue

Risk	Responsibility	Mitigation
1. Schedule Risk	Project manager	Risk Reduction
2. Resource Risk (Marcelino-Sádaba, Pérez-Ezcurdia, Lazcano & Villanueva, 2014)	Resource Head	Risk Avoidance
Budget Risk	Globex	Risk Transfer
4. Risk of scope creep	Project Manager	Risk Accept
5. Management Issue	Virtucon	Risk Avoidance

Quality Management is an important aspect of project management. With quality management, it is possible to ensure that the project that is being delivered is of desired quality. In order to ensure that a project of appropriate quality will be delivered, the team will be following a set of verification and validation activities, which are as follows-

Review of the specifications of the project
Reviewing the Code
Requirements based Testing
Training of the verification activities

The checklist that is prepared for the project includes checking and review of the following items. These are as follows (Martinelli & Milosevic, 2016 )-

Reviewing the deliverables
Documenting the project
Reporting the Project Status

Resource Release

Evaluation of the project is important to check whether the project deliverables are meeting a desired standard (refer to appendix). The project evaluation activities that will be followed in the project are as follows (Desmond, 2014)-

The specification of the project is needed to be checked.
It is to be ensured that the goals of the project have been achieved.

References

Davis, K. (2014). Different stakeholder groups and their perceptions of project success. International journal of project management, 32(2), 189-201.

Desmond, C. (2014). Project management tools. IEEE Engineering Management Review, 42(4), 11-12.

Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach. Routledge.

Heagney, J. (2016). Fundamentals of project management. Amacom.

Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

Larson, E. W., Gray, C. F., Danlin, U., Honig, B., & Bacarini, D. (2014). Project management: The managerial process (Vol. 6). Grandview Heights, OH: McGraw-Hill Education.

Marcelino-Sádaba, S., Pérez-Ezcurdia, A., Lazcano, A. M. E., & Villanueva, P. (2014). Project risk management methodology for small firms. International journal of project management, 32(2), 327-340

Marchewka, J. T. (2014). Information technology project management. John Wiley & Sons.

Martinelli, R. J., & Milosevic, D. Z. (2016). Project management toolbox: tools and techniques for the practicing project manager. John Wiley & Sons.

Martinsuo, M. (2013). Project portfolio management in practice and in context. International Journal of Project Management, 31(6), 794-803.

Nicholas, J. M., & Steyn, H. (2017). Project management for engineering, business and technology. Routledge.

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