MOV or Measurable Organizational Value is used to list a set of parameters related to the goal of the project.
Desired Area of Impact – There are a number of desired areas in the project but based on the analysis, it can be said that the main desired area is the customer. The entire project has been designed to fulfill the needs of the stud farm managers although Globex also desires to make a significant impact in finance by preparing a sustainable stud farm management system business.
Value – The main values of the project are faster and better. The OSFMS is faster and also much more efficient than the manually managed stud farm systems.
Metric – Some of the appropriate metrics based on which the project will be evaluated are the cost benefit and business sustainability in terms of annual profit.
Timeframe – The estimated time frame is approximately 6 months.
Summary of MOV – In this project, within the 6 months time, an online stud farm management system will be delivered that will solve the problems faced by the stud farm managers.
The development of the online stud farm management system (OSFMS) is within the scope of the project. In order to control the scope, the MOV of the project is to be defined accurately and the stakeholders need to be aware of scope creep. Regular reporting to project manager is also recommended to prevent scope creep.
|
Resource Name |
Type |
Max. Units |
Std. Rate |
Ovt. Rate |
Cost/Use |
Accrue At |
Base Calendar |
|
Project Manager |
Work |
100% |
$140.00/hr |
$0.00/hr |
$0.00 |
Prorated |
Standard |
|
Finance Manager |
Work |
100% |
$85.00/hr |
$0.00/hr |
$0.00 |
Prorated |
Standard |
|
Human Resource Recruiter |
Work |
100% |
$90.00/hr |
$0.00/hr |
$0.00 |
Prorated |
Standard |
|
Project Supervisor |
Work |
100% |
$115.00/hr |
$0.00/hr |
$0.00 |
Prorated |
Standard |
|
Development Technologist |
Work |
100% |
$55.00/hr |
$0.00/hr |
$0.00 |
Prorated |
Standard |
|
Software Testing Specialist |
Work |
100% |
$50.00/hr |
$0.00/hr |
$0.00 |
Prorated |
Standard |
|
Hardware |
Material |
$12,500.00 |
$0.00 |
Prorated |
|||
|
Software |
Material |
$5,500.00 |
$0.00 |
Prorated |
|||
|
Facilities and Others |
Material |
$2,000.00 |
$0.00 |
Prorated |
The work breakdown structure is as follows.
|
WBS |
Task Name |
Duration |
Start |
Finish |
|
0 |
Development of OSFMS |
136 days |
Tue 6/5/18 |
Tue 12/11/18 |
|
1 |
Survey, Discuss, Plan |
11 days |
Tue 6/5/18 |
Tue 6/19/18 |
|
1.1 |
Meet with stud farm managers |
4 days |
Tue 6/5/18 |
Fri 6/8/18 |
|
1.2 |
Discuss Issues and Problems |
2 days |
Mon 6/11/18 |
Tue 6/12/18 |
|
1.3 |
Survey in Stud Farms |
1 day |
Wed 6/13/18 |
Wed 6/13/18 |
|
1.4 |
Present Proposal for OSFMS |
2 days |
Thu 6/14/18 |
Fri 6/15/18 |
|
1.5 |
Feasibility Testing |
2 days |
Mon 6/18/18 |
Tue 6/19/18 |
|
1.6 |
M1: End of Discussions |
0 days |
Tue 6/19/18 |
Tue 6/19/18 |
|
2 |
Estimate, Plan |
18 days |
Wed 6/20/18 |
Fri 7/13/18 |
|
2.1 |
Allocate Members to Teams |
1 day |
Wed 6/20/18 |
Wed 6/20/18 |
|
2.2 |
Primary Plan |
8 days |
Thu 6/21/18 |
Mon 7/2/18 |
|
2.2.1 |
Setting project goals |
2 days |
Thu 6/21/18 |
Fri 6/22/18 |
|
2.2.2 |
Determination of scope |
1 day |
Mon 6/25/18 |
Mon 6/25/18 |
|
2.2.3 |
Determine suitable methodology for execution |
2 days |
Tue 6/26/18 |
Wed 6/27/18 |
|
2.2.4 |
Project charter development |
0.5 days |
Thu 6/28/18 |
Thu 6/28/18 |
|
2.2.5 |
Schedue estimation |
0.5 days |
Thu 6/28/18 |
Thu 6/28/18 |
|
2.2.6 |
Budget estimation |
2 days |
Fri 6/29/18 |
Mon 7/2/18 |
|
2.3 |
Secondary Plan |
9 days |
Tue 7/3/18 |
Fri 7/13/18 |
|
2.3.1 |
Risk register development |
3 days |
Tue 7/3/18 |
Thu 7/5/18 |
|
2.3.2 |
Identify risk |
1 day |
Fri 7/6/18 |
Fri 7/6/18 |
|
2.3.3 |
Identify mitigation plan |
1 day |
Mon 7/9/18 |
Mon 7/9/18 |
|
2.3.4 |
Analyze Measurable Organizational Value |
2 days |
Tue 7/10/18 |
Wed 7/11/18 |
|
2.3.5 |
Develop management plan for quality and evaluation |
2 days |
Thu 7/12/18 |
Fri 7/13/18 |
|
2.4 |
M2: End of planning |
0 days |
Fri 7/13/18 |
Fri 7/13/18 |
|
3 |
Initiate and Prepare |
15 days |
Mon 7/16/18 |
Fri 8/3/18 |
|
3.1 |
Receive budget from authority |
4 days |
Mon 7/16/18 |
Thu 7/19/18 |
|
3.2 |
Hire system experts |
4 days |
Fri 7/20/18 |
Wed 7/25/18 |
|
3.3 |
Allocate Duties to Team Members |
1 day |
Thu 7/26/18 |
Thu 7/26/18 |
|
3.4 |
Purchase Hardware |
4 days |
Fri 7/27/18 |
Wed 8/1/18 |
|
3.5 |
Purchase Software |
2 days |
Thu 8/2/18 |
Fri 8/3/18 |
|
3.6 |
M3: Proceed to Project |
0 days |
Fri 8/3/18 |
Fri 8/3/18 |
|
4 |
Execute |
85 days |
Mon 8/6/18 |
Fri 11/30/18 |
|
4.1 |
Technical Upgrade |
4 days |
Mon 8/6/18 |
Thu 8/9/18 |
|
4.2 |
Install Software Platform |
2 days |
Fri 8/10/18 |
Mon 8/13/18 |
|
4.3 |
System Development |
67 days |
Tue 8/14/18 |
Wed 11/14/18 |
|
4.3.1 |
Start designing of website |
20 days |
Tue 8/14/18 |
Mon 9/10/18 |
|
4.3.2 |
Initial Testing |
6 days |
Tue 9/11/18 |
Tue 9/18/18 |
|
4.3.3 |
Add features required |
15 days |
Wed 9/19/18 |
Tue 10/9/18 |
|
4.3.4 |
Coding and programming |
10 days |
Wed 10/10/18 |
Tue 10/23/18 |
|
4.3.5 |
Second testing |
6 days |
Wed 10/24/18 |
Wed 10/31/18 |
|
4.3.6 |
Complete the overall website system |
10 days |
Thu 11/1/18 |
Wed 11/14/18 |
|
4.4 |
Testing the system |
12 days |
Thu 11/15/18 |
Fri 11/30/18 |
|
4.4.1 |
Connect with main server |
4 days |
Thu 11/15/18 |
Tue 11/20/18 |
|
4.4.2 |
Test the running of website features |
3 days |
Wed 11/21/18 |
Fri 11/23/18 |
|
4.4.3 |
Remove bugs and glitches |
5 days |
Mon 11/26/18 |
Fri 11/30/18 |
|
4.5 |
M4: Handover |
0 days |
Fri 11/30/18 |
Fri 11/30/18 |
|
5 |
Review and Close |
7 days |
Mon 12/3/18 |
Tue 12/11/18 |
|
5.1 |
Post project review |
2 days |
Mon 12/3/18 |
Tue 12/4/18 |
|
5.2 |
Perform project appraisal |
1 day |
Wed 12/5/18 |
Wed 12/5/18 |
|
5.3 |
Submit project report |
4 days |
Thu 12/6/18 |
Tue 12/11/18 |
|
5.4 |
M5: Complete signoff |
0 days |
Tue 12/11/18 |
Tue 12/11/18 |
Figure 1: WBS of the Project
(Source: Created by Author)
Bottom up technique is used for cost estimation as follows.
|
Task Name |
Resource Names |
Cost |
|
Development of OSFMS |
$131,920.00 |
|
|
Survey, Discuss, Plan |
$22,440.00 |
|
|
Meet with stud farm managers |
Project Manager, Project Supervisor |
$8,160.00 |
|
Discuss Issues and Problems |
Project Manager, Project Supervisor |
$4,080.00 |
|
Survey in Stud Farms |
Project Manager, Project Supervisor |
$2,040.00 |
|
Present Proposal for OSFMS |
Project Manager, Project Supervisor |
$4,080.00 |
|
Feasibility Testing |
Project Manager, Project Supervisor |
$4,080.00 |
|
M1: End of Discussions |
Project Manager, Project Supervisor |
$0.00 |
|
Estimate, Plan |
$35,400.00 |
|
|
Allocate Members to Teams |
Human Resource Recruiter |
$720.00 |
|
Primary Plan |
$16,320.00 |
|
|
Setting project goals |
Project Manager, Project Supervisor |
$4,080.00 |
|
Determination of scope |
Project Manager, Project Supervisor |
$2,040.00 |
|
Determine suitable methodology for execution |
Project Manager, Project Supervisor |
$4,080.00 |
|
Project charter development |
Project Manager, Project Supervisor |
$1,020.00 |
|
Schedue estimation |
Project Manager, Project Supervisor |
$1,020.00 |
|
Budget estimation |
Project Manager, Project Supervisor |
$4,080.00 |
|
Secondary Plan |
$18,360.00 |
|
|
Risk register development |
Project Manager, Project Supervisor |
$6,120.00 |
|
Identify risk |
Project Manager, Project Supervisor |
$2,040.00 |
|
Identify mitigation plan |
Project Manager, Project Supervisor |
$2,040.00 |
|
Analyze Measurable Organizational Value |
Project Manager, Project Supervisor |
$4,080.00 |
|
Develop management plan for quality and evaluation |
Project Manager, Project Supervisor |
$4,080.00 |
|
M2: End of planning |
Project Manager, Project Supervisor |
$0.00 |
|
Initiate and Prepare |
$32,040.00 |
|
|
Receive budget from authority |
Finance Manager |
$2,720.00 |
|
Hire system experts |
Human Resource Recruiter, Facilities and Others[1] |
$4,880.00 |
|
Allocate Duties to Team Members |
Project Supervisor |
$920.00 |
|
Purchase Hardware |
Project Supervisor, Hardware[1] |
$16,180.00 |
|
Purchase Software |
Project Supervisor, Software[1] |
$7,340.00 |
|
M3: Proceed to Project |
Development Technologist |
$0.00 |
|
Execute |
$36,920.00 |
|
|
Technical Upgrade |
Development Technologist |
$1,760.00 |
|
Install Software Platform |
Development Technologist |
$880.00 |
|
System Development |
$29,480.00 |
|
|
Start designing of website |
Development Technologist |
$8,800.00 |
|
Initial Testing |
Development Technologist |
$2,640.00 |
|
Add features required |
Development Technologist |
$6,600.00 |
|
Coding and programming |
Development Technologist |
$4,400.00 |
|
Second testing |
Development Technologist |
$2,640.00 |
|
Complete the overall website system |
Development Technologist |
$4,400.00 |
|
Testing the system |
$4,800.00 |
|
|
Connect with main server |
Software Testing Specialist |
$1,600.00 |
|
Test the running of website features |
Software Testing Specialist |
$1,200.00 |
|
Remove bugs and glitches |
Software Testing Specialist |
$2,000.00 |
|
M4: Handover |
Project Supervisor |
$0.00 |
|
Review and Close |
$5,120.00 |
|
|
Post project review |
Project Manager |
$2,240.00 |
|
Perform project appraisal |
Project Manager |
$1,120.00 |
|
Submit project report |
Development Technologist |
$1,760.00 |
|
M5: Complete signoff |
Human Resource Recruiter, Finance Manager, Project Manager, Project Supervisor, Development Technologist, Software Testing Specialist |
$0.00 |
Figure 2: Time Phased Budget
(Source: Created by Author)
Assumption: The market change will not be significant during the entire course of the project execution.
Constraint: Stakeholders may not be happy with the allocated standard rates of resource usage.
|
Risk Name |
Responsible Stakeholder |
Mitigation Strategy |
|
Out of Scope |
Project Manager |
Analyze all requirements before determining scope |
|
Budget Overshoot |
Finance Manager |
Use suitable tools for accurate budget estimation |
|
Schedule Overshoot |
Project Manager |
Use suitable tools for accurate time estimation |
|
Massive Market Change |
Finance Manager |
Consider market changes during budget estimation |
|
Poor Performance from Stakeholders |
Project Manager |
Monitoring and control of stakeholders during project |
The verification and validation activities in the project are listed in the following table.
|
Verification Activities |
Meet with team members and Globex authority, verify project charter and project report |
|
Validation Activities |
Validation of project plan, validation of project report by project manager |
Article 1 – Haimes, Y. Y. (2015). Risk modeling, assessment, and management. John Wiley & Sons.
The authors have discussed all aspects and phases of a project including project evaluation and closing. According to them, project evaluation is basically a review in order to determine whether the requirements have been met or not.
Article 2 – Joslin, R., & Müller, R. (2015). Relationships between a project management methodology and project success in different project governance contexts. International Journal of Project Management, 33(6), 1377-1392.
The authors said that the project review process consists of a number of sub-phases – review of project report document, demonstration of the developed system and checking of a closure list. If any of these is not successful, the project manager can reopen the project for further development and execution.
Article 3 – Hornstein, H. A. (2015). The integration of project management and organizational change management is now a necessity. International Journal of Project Management, 33(2), 291-298.
According to the author, all the stakeholders should participate in project closing in order to determine whether all requirements have been made as well as reflect on their own duties and activities. The final power is on the project manager who will perform the final review and close off the project.
Closure Checklist
|
Item |
Check |
|
System developed as per plan |
|
|
Features included as per plan |
|
|
Project did not exceed budget |
|
|
Project did not exceed schedule |
|
|
Signature |
Project evaluation will be done on the outcomes generated at the end of the project. The stakeholders will perform primary project evaluation in which they will review whether all their duties are fulfilled. The project manager will perform the final project review and validate the project.
Haimes, Y. Y. (2015). Risk modeling, assessment, and management. John Wiley & Sons.
Hornstein, H. A. (2015). The integration of project management and organizational change management is now a necessity. International Journal of Project Management, 33(2), 291-298.
Joslin, R., & Müller, R. (2015). Relationships between a project management methodology and project success in different project governance contexts. International Journal of Project Management, 33(6), 1377-1392.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Muller, R. (2017). Project governance. Routledge.
Špundak, M. (2014). Mixed agile/traditional project management methodology–reality or illusion?. Procedia-Social and Behavioral Sciences, 119, 939-948.
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