I-Crop: Online Cash Marketplace For Globex Corporation

Globex Corporation and Virtucon partnership

The proposed project aims at developing an online cash marketplace for the client Globex Corporation. The contract has been allotted to Virutocn consultancy to develop a website and mobile app for the Globex Corp wherein customers can buy or sell the grains. All the payments shall be done online on the platform. Along with this, Globex wants to generate reports related to sales statistics and even should allow seller to set up a discount on one’s grains. As per Globex, the online system shall allow the buyers who are in remote areas to come forward and sell their grains as per their preferred prices.

Globex Corporation has recently opened at office at Orange so that they can provide better services and meet the raising needs of many Stud Farms in that region. To accomplish this, Globex is thinking over to provide better agricultural solutions which are secure and facilitates their business. In order to enhance the market value and satisfy the mentioned needs of farmers, they have come up with a project to develop an online platform for managing cash marketplace where in farmers can sell their grains and even make or receive payments via online medium. The buyers are able to create bids and sellers can put a price for their grains. Virtucon is asked to develop a website and mobile application so that it can be accessed from anywhere and any time. Globex management also wants to generate reports in the prescribed format.

Impact	Value	Metric Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper	Timeframe
Operational	High scheduling and bidding processing speed.	Speed of the system is increased by 45% and system effectiveness is enhanced by 51%.	80 days
Financial	Number of phone calls from farmers get decreased.	By 45%	80 days
Customer	Faster response from system.	In less than 3 hrs	80 days
Strategic	Increase in market capture	Increase in market share by 34%	80 days
Social	Increase in number of local seller and buyers.	Increase by 23%	80 days

• Better: Market capture, processing speed, operational strategy.
• Do More: Local farmers and buyers

24×7 availability with payment accuracy of 99.3% and secure privacy.

Total time to develop and deploy the project is 50 days. However MOV shall an average 30 days more than total duration of project.

The scope of the proposed iCorp project includes the defining the testable requirements and budget estimation. Along with requirement analysis, designing, development and testing activites also come under the scope. Marketing of the proposed project is out of the scope. The Virtucon team shall decide and manage the scope. If the scope is likely to change then it can be integrated in the project through change management plan. A change request shall be created and once it is approved by the project sponsor, the change shall be incorporated in the project.

The scope management plan includes all those activities which are required to manage the. Project scope. It is an important step it avoids any chance of scope creep in the project.

Technology

Globex corp proposed project needs to work on online via website and mobile app. Hence, server side language shall be used such as PHP and database like MySQL. Network routers and sufficient bandwidth are required.

The Virtucon team shall work in its premise.

Travel and training

Training shall be done in the premises of Globex corp. Travelling shall be done for gathering any data from Globex.

Part 3 : WBS

Assumptions made for the budget:

• Cost allocated according to the employee designation and work load for the team members in the project.
• Training cost for the team members are included.

Part 4 : Risk analysis & Plan

• Only Globex has this kind of interface.
• Developed system shall be available 24×7.
• Training may take longer than expected.
• User interface on website and mobile app has very low leaning curve.
• The chosen technology will work as desired.
• There can be a scope creep if Globex comes up with a change request.

Risk Name	Phase	Summary	Resource	Strategy
Operational strategy	Initiation phase	The conducted feasibility study left out key areas of requirements.	Project manager	Avoid – Ask  resources to check previous similar projects.
Budget and time overrun	Planning phase	Cost and time estimation had been under estimated.	Risk manager	Avoid – Ask resources to check previous similar projects.
Privacy concerns	Execution phase	Develop code failed to incorporate security features	Project manager	Avoid and mitigate – Consult industry expert
Budget overrun	Control	Team failed to monitor the cost	Project manager	Avoid and mitigate – Consult industry expert
Developed code is not at par with industry standards	Closure	Quality standards were ignored	Quality expert	Avoid and mitigate – Consult industry expert

(Lehmann & Prabhakar, 2009)

• Project manager needs to gather all of the client’s requirement during the initial phases of the project. The budget and schedule would also be analysed.
• The team involved for development of the budget needs to choose a suitable programming method for the system.
• The team involved for quality assurance must also use appropate method for testing to rule out any bugs in the system.
• Project manager as well as program manager together needs to guide trainers in providing correct training to all of the clients.
• Project manager also needs to direct his team in order to achieve a goal within the stipulated budget and time.

Quality Statement 

The quality of the overall project is standardized using ISO 9001:2008 as the method for quality standard.

Quality Reviews	Quality Measure	Quality Evaluation
Project Deliverables	Quality development standards such as the IEC 15504, ISO9001 as well as the CMM (Giese, 2005) Quality Metrics Quality Management Plan Preventive Activities Appraisal Activities Review Procedures Correctness Completeness	Quality Control
Project Processes	Quality standards for Process such as the ISO9004, ISO9001, IEC 25000:2005 and IEC 9126 Qualiy Management Plan Quality Attributes Quality Matrices Stakeholders Management Plan	Assurance for Quality Usability Portability Reliability Efficiency Maintainability

Verification of the project includes activities for assessment that has been performed in overall lifecycle of the project so as to figure out all the planned activities and whether or not they were executed in the correct way. This particular assessment takes place in several meetings that happens such as progress review, design review or even schedule review. This particular process is also used for validation and verification for different quality parameters including testing management, risk management and change management.

Several reviews take place between the team and the project management for assessment of the design and schedule of the project. These includes:

• Meetings that needs to take place based on the communication plan.
• Topics which needs to be discussed would require advanced planning and there needs to be documentation for all attendees during the meeting.

Quality assurance during change management includes following:

• Procedures and schedules that needs to be followed in order to conduct several change management meetings and the same needs to be shared among all.
• The agenda for all of the people attending the meetings needs to be distributed to all of the attendees so they have an idea beforehand about the meeting and the things that are to be discussed.

Testing is done in order to assure the quality of the project and the same is done for the following:

• Results of the tests are recorded and any bugs are figured out and corrective actions are also planned.
• Testing criteria for the software must be discussed beforehand and the same needs to be sent to the testers before procedures for test is started.
• Testing for software needs to be performed considering usage, data aspects and features.

• Documentation: The website needs to have detailed documentation that covers manuals, guides and supporting documents.
• Financial checks: Cost variance regarding the development project needs to be ascertained using the EVM method.
• Scheduled checks: Also similar to financial checks, the schedule checks regarding the development project needs to be ascertained using the EVM method.
• Deliverables: The project includes multiple deliverables which includes a due date that has been assigned. Submission of these deliverables is based on the due date as well as the contents contained within the deliverables needs to be evaluated as well (Harvey & Huber, 2016).
• Open issues: Any presence of issues, open defects and conflicts if any must not be present in the project (Zidane, Johansen & Ekambaram, 2015).

Value	Metric	Expected Timeframe in days	Actual Timeframe
Improvement in operational performance and scheduling processing.	Increase of 51 and 45% respectively	180	TBC
Reduction on calling expenditure	A decrease by 60%	180	TBC
Improved response time and always-on system	Responses within 4 hours	180	TBC
Improved brand value	Increase of market share by 45%	180	TBC
More contributors from the local community and farmers	A 33% increase	180	TBC

References

Bower, D., & Finegan, A. (2009). New approaches in project performance evaluation techniques. International Journal Of Managing Projects In Business, 2(3), 435-444. doi: 10.1108/17538370910971072

Huber, E., & Harvey, M. (2016). Project evaluation in higher education: A study of contextual issues. Evaluation Journal Of Australasia, 16(1), 19-37. doi: 10.1177/1035719×1601600104

Lehmann, U., & Prabhakar, G. (2009). A Post-Mortem Evaluation of an IT project a Case Study of a Process Enhancement IT-Project in a Maintenance, Repair and Overhaul Company. International Journal Of Business And Management, 3(6). doi: 10.5539/ijbm.v3n6p57