The paper mainly reflects on “Beenal Designer wear,” which is a designer clothing brand that helps in providing different varieties of wear in Perth, Western Australia. The organization promotes traditional fabric and designs with modern shilloutes, which are quite attractive for the customers. However, the business of the brand is limited to Perth as the business is quite small and it does not have a website. The higher authority of the business decided to expand the business throughout Australia and in other parts of the world, and therefore, they aim to develop a website for the business. With the help of the website, the business not only expands its services throughout Australia but also gets the opportunity to provide 24X7 service to the customers.
The project aims to create a website for Beenal Clothing in order to expand the business of the organization. With the help of the website, the business will be able to deal with customers from all over Australia and even from other parts of the world, which will be quite profitable. The project focuses on creating different types of functionalities, including order, payment, add to cart, delivery tracking, price range, size, colour and many more. All such functionalities will be helpful for the customers as they get the opportunity of selecting clothes online according to their choice, which will be followed by online ordering, online payment and online tracking of the products. In addition to this, the website will also provide customer support functions in order to help the customers with their queries and problems.
Project Stakeholders
The project stakeholders who will be involved in the development of the website project are mainly categorized into internal as well as external stakeholders.
Internal stakeholders: The internal stakeholders include the following:
External stakeholders: The external stakeholders who are involved in the project are as follows:
Stakeholder Register
The stakeholder register that is mainly prepared for the website project that will be created for Beenal Clothing is mainly reflected in the below table.
Project Title: Creating a website |
Date Prepared: 25/08/2020 |
|||||
Name |
Position |
Role |
Contact Information |
Expectations |
Influence |
Classification |
Manager |
Project manager |
The project manager expects to finish work on time. |
High |
Internal |
||
Planner |
Project planner |
The project planner expects that the project will proceed as per the project plan. |
High |
Internal |
||
Manager |
Financial manager |
Financial manager expects to manage expenditure. |
Low |
Internal |
||
Manager |
HR manager |
HR manager expects to handle the resources of the project. |
Low |
Internal |
||
Designer |
Interface designer |
The designer expects to create the design as per the needs. |
Medium |
Internal |
||
IT team |
Database administrator |
The database administrator expects to develop the database for storing and organizing data. |
Medium |
Internal |
||
IT team |
Coder |
The coder writes code for developing functionalities of the website. |
Medium |
Internal |
||
IT team |
Tester |
The tester expects that there will be no technical glitch after testing. |
Medium |
Internal |
||
Suppliers |
Suppliers |
The suppliers help in supplying different types of products. |
Low |
External |
||
CEO |
Sponsors |
The sponsors help in providing the funding needed for the project. |
High |
External |
Stakeholder Analysis Matrix
Project Title: Creating a website Date Prepared: 25/03/2022
The Project Owner, Sponsors, And Stakeholders
Project owner: The CEO of Beenal Clothing is considered the owner of the project.
Sponsor: The CEO of the clothing brand is the sponsor who funds the budget for the project.
Stakeholders: The stakeholders who will be involved in the website development project are as follows:
The Problem Statement
Presently, Beenal Clothing brand does not have a website, and therefore, they do their business with the help of the offline market. However, as the business is experiencing challenges in competing with the external market, and as a result, the yearly profit that is earned by the company is also low. In order to handle the situation, the higher authority of the organization focuses on creating a website for Beenal Clothing.
The Project Goals And Objective
The main goal of the project is to develop a website for the Beenal Clothing brand in order to expand the business of the brand all over Australia and in different parts of the world.
The objectives of the project are as follows:
The Project Requirements
The different requirements that are needed for creating the website for the Beenal Clothing brand are as follows:
The Project Deliverables
The deliverables of the website development project which is undertaken by Beenal Clothing brand are as follows:
Milestones
Milestone |
Due date |
Milestone 1: Completion of requirement phase |
Mon 04/04/22 |
Milestone 2: Completion of the system design phase |
Fri 22/04/22 |
Milestone 3: Completion of system implementation |
Wed 01/06/22 |
Milestone 4: Completion of integration and testing |
Thu 09/06/22 |
Milestone 5: Completion of system deployment |
Mon 13/06/22 |
Milestone 6: Completion of project |
Thu 16/06/22 |
Cost Estimate
The total cost that is required for creating a website for the Beenal Clothing brand is around $40,000.
Project Assumptions And Risks
i. It is assumed that the work of the project will be successfully accomplished by the project team as they are highly skilled and experienced.
ii. Secondly, the project manager also assumes that with the development of website brand image and yearly revenue of the Beenal Clothing brand will enhance.
The website development project can experience a lot of risks like schedule slippage and budget shortfall due to lack of time and budget during the project. Additionally, the project can also experience technical risk due to improper identification of technical glitches and errors within the system. The project team also experiences risk due to a lack of communication medium, and as a result, they are unable to communicate well.
Project Limitations
i. The total time and budget that is allocated for the project are limited, and therefore increase in time and budget can cause issues like schedule slippage and budget shortfall.
ii. The stakeholders who are hired are not much experienced, and any complex uncertainty during the project can impact the project’s progress.
Project Acceptance Criteria
The project will be accepted if the developed website includes all the features and functionalities that are needed by the Beenal Clothing brand. Additionally, the project would also be accepted if the website was created within the allocated time and budget.
Communication Plan
A communication plan plays a significant role in a project as, without sufficient project communication, it is quite impossible to keep all the responsible parties of the project up to date regarding the changing status of the project. The problem can further cause issues like improper decision making as well as lack of transparency which further can hinder the aims of the project (Foster, 2018).
With the help of an effective communication plan, it is quite easy to maintain proper transparency among all the parties of the project so that the project managers can be able to make the right decision for the project so that the project will be delivered quite efficiently.
Stakeholder |
Communication Name |
Delivery Method/format |
Producer |
Due Date |
Project team |
Kick-off meeting |
Meeting |
Project manager |
28/03/2022 |
Project manager |
Status report of the project |
|
Project planner |
30/03/2022 |
Sponsors |
Expenditure that is done in the project |
Meeting |
Financial manager |
04/04/2022 |
Team members |
Discusses the risk experienced during the project |
Meeting |
Team leaders |
10/04/22 |
A risk statement helps in providing clarity regarding the descriptive information that is mainly needed for proper and defensible assessment of risk occurrence probability and various areas of impact. Proper risk management is needed during the project in order to control possible future events such that they will not negatively impact the progress of the project (Galli, 2017). Furthermore, risk management helps in assessing, determining, controlling as well as mitigating all the risks that occur during the progress of the project.
Source |
Probability |
Impact |
Priority |
Strategy |
Responsibility |
Review |
Schedule slippage |
High |
Likely |
2 |
Tracking the schedule of the project on a regular basis. |
Project planner |
26/04/22 |
Budget shortfall |
Extreme |
Very Likely |
1 |
Undertaking EVM for keeping track of the budget for avoiding financial hurdles. |
Financial manager |
12/04/22 |
Improper testing |
High |
Possible |
4 |
Hiring experienced testers for determining technical glitches and errors quite properly. |
Tester |
20/06/22 |
Lack of communication |
Medium |
Possible |
5 |
Weekly meetings must be arranged for properly communicating. |
Project manager |
23/06/22 |
Improper interface design |
Very High |
Possible |
3 |
Development of proper interface design by properly understanding the needs and requirements of the project. |
Interface designer |
20/05/22 |
NPV And IRR Comparison
The NPV method results in a dollar value that a particular project generally produces; however, IRR mainly generates the percentage return that the project is mainly expected to create. Additionally, the NPV method mainly focuses on the surpluses of the project, whereas the IRR is mainly focused on the breakeven cash flow level of the project (Zore et al., 2018).
NPV And IRR Calculation
NPV and IRR calculation |
||||||||
Analysis Variables: |
||||||||
Discount Rate Used |
5.00% |
|||||||
Annual Benefits |
$ 100,000.00 |
|||||||
Annual Operational Costs |
$ 30,000.00 |
|||||||
One-Time Development Cost |
$ 40,000.00 |
|||||||
Year of Project |
||||||||
0 |
1 |
2 |
3 |
4 |
5 |
Totals |
||
Economic Benefit |
$0.00 |
$ 100,000.00 |
$ 100,000.00 |
$ 100,000.00 |
$ 100,000.00 |
$ 100,000.00 |
||
Discount Rate |
1.0000 |
0.9524 |
0.9070 |
0.8638 |
0.8227 |
0.7835 |
||
PV of Benefits |
$0.00 |
$95,238.10 |
$90,702.95 |
$86,383.76 |
$82,270.25 |
$78,352.62 |
||
NPV of all Benifits |
$0.00 |
$ 95,238.10 |
$ 185,941.04 |
$ 272,324.80 |
$ 354,595.05 |
$ 432,947.67 |
$ 432,947.67 |
|
One-Time Costs |
$ (40,000.00) |
|||||||
Recurring Costs |
$0.00 |
$ 30,000.00 |
$ 30,000.00 |
$ 30,000.00 |
$ 30,000.00 |
$ 30,000.00 |
||
Discount Rate |
1.0000 |
0.9524 |
0.9070 |
0.8638 |
0.8227 |
0.7835 |
||
PV of Recurring Costs |
$0.00 |
$ 28,571.43 |
$ 27,210.88 |
$ 25,915.13 |
$ 24,681.07 |
$ 23,505.78 |
||
NPV of all Costs |
$ (40,000.00) |
$ (11,428.57) |
$ 15,782.31 |
$ 41,697.44 |
$ 66,378.52 |
$ 89,884.30 |
$ 89,884.30 |
|
Overall NPV |
$ 522,831.97 |
|||||||
IRR |
47% |
Intangible Benefits
It is identified that due to the implementation of the website, 40% of the customers will increase, which will further enhance the profitability of the organization by around 30%, which is considered as one of the significant intangible benefits of the project.
Bottom-Up Budget
The bottom-up estimation method is used for calculating the total cost that is needed for the execution of the project. This method of estimation is considered quite accurate in comparison to other estimation methods. The bottom-up budget for the project is provided below:
Figure 1: Bottom-up budget
(Source: Created by Author)
Waterfall – Benefits Analysis
The Waterfall methodology uses a clear structure that focuses on a clearly defined set of steps so that the end goal of the project can be identified quite early. It is identified that as the team focuses on a concrete goal with clear data, waterfall helps in eliminating the risk. Additionally, the approach of the waterfall is quite methodical and therefore, it becomes quite easy to transfer proper information at each step of the project (Chari & Agrawal, 2018).
Waterfall – Msproject Schedule
The schedule that is prepared for the project takes around 60 days in order to successfully accomplish the project tasks.
Figure 2: Schedule
(Source: Created by Author)
Waterfall – Cost Baseline
Figure 3: Cost baseline
(Source: Created by Author)
Texts, Diagrams¸Images
The agile storyboards are considered as one of the graphic organizers that helps in providing the viewer with a very high-level view of a particular project. The storyboard generally helps the developers in getting a proper sense of work that requires to be completed.
Figure 4: Agile Storyboards
(Source: Created by Author)
Agile StoryBoard Points
The agile storyboard points help in representing the effort that is mainly required for putting a product backlog item live.
Agile Team Roles
The role and responsibilities of the agile teams are mainly elaborated below:
Agile Scrum Plan
Figure 5: Agile scrum plan
(Source: Created by Author)
A requirement management plan is considered as a document that is mainly created alongside the primary project plan as one of the pieces of the scope management process. The main purpose is to make sure that all the stakeholders, as well as business needs, are properly captured, managed, analyzed as well as addressed by the project plan (Hafeez, Rasheed & Khan, 2017).
Req. No |
Name |
Priority |
Category |
Source |
Related to objectives |
WBS item |
1 |
Feasibility study |
5 |
Planning |
Requirement phase |
Yes |
1.2 |
2 |
System design |
1 |
Design |
Design phase |
Yes |
2.5 |
3 |
Database development |
2 |
Development |
Development phase |
Yes |
3.3 |
4 |
Testing |
3 |
Testing |
Testing phase |
Yes |
4.2 |
5 |
Website deployment |
4 |
Deployment |
Deployment |
Yes |
5.1 |
Figure 6: WBS
(Source: Created by Author)
Contingency Funding And Time Buffers
It is identified that in order to handle the entire project quite efficiently, the project team also assigns a contingency budget so that any uncertainty that occurs during the project can be handled well. In the website project, the contingency budget that is assigned is around $5,000.
Time buffers are provided in the project for avoiding schedule slippage or delay during the project. When a website project is undertaken, a five days buffer is given so that if the project requires five days extra due to any uncertainties during the project can be handled quite well.
Cost Baseline (Budget And Actual)
The cost baseline that reflects the expenditure in the project over time is mainly showcased in the below figure.
Figure 7: Cost Baseline (Budget And Actual)
(Source: Created by Author)
Ethical Considerations –
During the progress of the project, it is quite crucial to follow ethics in order to avoid ethical challenges that generally occurs during work. As per PMI, ethics focuses on making the best possible decisions that concern people, the environment as well as resources. Ethical choices diminish risk, advances proper positive results, enhances trust and further helps in determining long-term success.
Team Building Plan –
The main advantage of building a team is to make the team much more effectively such that the team becomes much more productive while further helping in maintaining proper communication as well as the healthy relationship among the team members. A team-building plan helps in building trust among the involved team members, which further acts as a knock-on effect for improving communication as well as morale for revealing strengths as well as leadership-related qualities.
Conclusion
It can be concluded from the paper that the creation of a website for the clothing brand would be quite beneficial as it will not only provide the opportunity of expanding the business but also helps in providing 24×7 service to the customers. It is estimated that the entire project will be finished in 60 days by utilizing a budget of around $40,000. The project reflects schedule, budget, cost baseline, risk management plan as well as a communication plan for the project in order to successfully execute the work of the project. The project also elaborates ethical considerations as well as a team-building plan for the successful execution of the project work.
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