Businesses all over the world are improvising every day and they are experiencing dramatic changes in technologies in recent times. The online advanced system is gradually rooting out the age old process of conducting business. The recent technologies are providing competitive advantages and profits and also aids in solving complicated problems and ideas. Globex Technologies is one such multinational company that is aiming for implementing an advanced technology that will assist the business. The main motive of the technology is to enhance the existing business process. A team has been elected by Globex and the team will develop the Online Stud farming Management System.
The project report will explain the assumptions and the risk assessment. The project plan will illustrate the engagement of the project stakeholders for the project.
2.1 Desired area of Impact
OSFMS project’s desired area of impact consists of-
Customer: Globex can be knowledgeable about the issues which the customers, horse owners of Globex face
Strategy: The online system can assist them to take strategical decisions.
Social: The employee staff and the customers, horse owners can stay interlinked with each other and the OSFMS system can make it a possible one
Operational: The system provides multiple facilities to the customers, horse owners and the employees. The employee and the management staff can access the data online from anywhere and any devices. The online system will aid them in storing, accessing and processing of data
Financial: The online system will evaluate the financial data automatically
Project value plan comprises of –
Better: The online system has several benefits to offer. The OSFMS system comes with enhanced security and privacy features which enable the employees and the customers, horse owners to conduct the business with ease
Cheaper: The online OSFMS system provides the services at much cheaper rate. The manual system involves hardware and the software resources, however, the new online system will eliminate the use of several hardware as well as software resources
Faster: The online OSFMS system will diminish the response time between the employees
2.3 Stakeholder involved in the project plan
OSFMS project comprises of the following stakeholders-
2.4 Proper timeframe and metric
Rank |
Effect |
Metrics |
Timeframe |
1 |
Operational |
The online system assists in operational activities of Gobex. The OSFMS system is can save lot of time. Globex can perform the business operations in lesser amount of time |
4 months |
2 |
Strategy |
The OSFMS online system will help Globex to take effective decisions |
3.5 months |
3 |
Customer |
The online OSFMS system will lessen the response time between the customers, horse owners and the employee staff. In this way they can serve better customer service to the customers, horse owners |
2.5 months |
4 |
Social |
OSFMS system also facilitates socially. The online system assists the employees and the customers, horse owners so that they can interact with each other |
3 months |
5. |
Financial |
The online OSFMS system are capable of evaluating the financial data of the employees and the customers, horse owners |
4 months |
3.1 Detailed scope of the project
Detailed scope of the OSFMS project is-
Requirements: Globex has planned to install the OFSMS system and the system is going to provide them all the data related to customers, horse owners and the employees.
In scope and out scope:
In scope: In-scope project involves the
Out scope: Out of scope of the OSFMS project contains-
Deliverables: OSFMS project contains the following deliverables-
Scope verification procedure: The configuration of the system will assist them to conduct the business faster. Globex can interact more with the customers, horse owners. They can mitigate several problems related to the customers, horse owners, farmers and the employees.
The resources required for the project are-
Human resources: The project manager allocates resources for the project and they are –project manager, marketing manager, programmer and the business analyst.
4.1 Project schedule
Task Name |
Duration |
Start |
Finish |
Predecessors |
Resource Names |
Cost |
Online Stud farming Management System Online Booking Project Plan |
54 days |
Mon 21-05-18 |
Thu 02-08-18 |
? 13,920.00 |
||
Start Working on System |
13 days |
Mon 21-05-18 |
Wed 06-06-18 |
? 4,560.00 |
||
Analysing the Business Case |
6 days |
Mon 21-05-18 |
Mon 28-05-18 |
Business Analyst,Market Manager |
? 2,880.00 |
|
Project Charter Initiation |
7 days |
Tue 29-05-18 |
Wed 06-06-18 |
3 |
Project Manager |
? 1,680.00 |
Milestone 1: Completion of Phase 1 task initiation |
0 days |
Wed 06-06-18 |
Wed 06-06-18 |
4 |
? 0.00 |
|
Planning |
41 days |
Thu 07-06-18 |
Thu 02-08-18 |
? 9,360.00 |
||
Conducting Initial Planning |
13 days |
Thu 07-06-18 |
Mon 25-06-18 |
? 3,120.00 |
||
Conducting Project Schedule |
6 days |
Thu 07-06-18 |
Thu 14-06-18 |
5 |
Project Manager |
? 1,440.00 |
Conducting Budget Schedule |
7 days |
Fri 15-06-18 |
Mon 25-06-18 |
8 |
Project Manager |
? 1,680.00 |
Milestone 2: Completion of Initial Planning |
0 days |
Mon 25-06-18 |
Mon 25-06-18 |
9 |
? 0.00 |
|
Conducting Supplementary Planning |
28 days |
Tue 26-06-18 |
Thu 02-08-18 |
? 6,240.00 |
||
Detailed Planning for Quality Management |
5 days |
Tue 26-06-18 |
Mon 02-07-18 |
10 |
Project Manager |
? 1,200.00 |
Detailed Planning for Change Management |
6 days |
Tue 03-07-18 |
Tue 10-07-18 |
12 |
Project Manager |
? 1,440.00 |
Detailed Planning for Communication Management |
5 days |
Wed 11-07-18 |
Tue 17-07-18 |
13 |
Project Manager |
? 1,200.00 |
OSFMS Software Development |
6 days |
Wed 18-07-18 |
Wed 25-07-18 |
14 |
Programmer |
? 1,200.00 |
OSFMS Software Testing |
6 days |
Thu 26-07-18 |
Thu 02-08-18 |
15 |
Programmer |
? 1,200.00 |
Milestone 3: Completion of Project Supplementary Planning and OSFMS System Implementation Planning |
0 days |
Thu 02-08-18 |
Thu 02-08-18 |
16 |
? 0.00 |
|
Milestone 4: Completion of Planning |
0 days |
Thu 02-08-18 |
Thu 02-08-18 |
17 |
? 0.00 |
Figure 1: Gantt chart
(Source: Created by author
4.2 WBS
Figure 2: Work Breakdown Structure
(Source: Created by author)
4.3 Milestone of the Project plan
Task Name |
Start |
Online Stud farming Management System Online Booking Project Plan |
Mon 21-05-18 |
Milestone 1: Completion of Phase 1 task initiation |
Wed 06-06-18 |
Milestone 2: Completion of Initial Planning |
Mon 25-06-18 |
Milestone 3: Completion of Project Supplementary Planning and OSFMS System Implementation Planning |
Thu 02-08-18 |
Milestone 4: Completion of Planning |
Thu 02-08-18 |
5.1 Project assumptions
The online OSFMS project assumptions include-
Time: The project plan prepared is assumed to be completed with the stipulated time
Budget: The project manager in collaboration operations analyst has scheduled the budget and the project is assumed to complete within the stipulated budget.
Resources: The resources allocated for the project are expected to be of premium quality.
5.2 Risk Assessment
Risk ID |
Description |
Probability |
Impact |
Rate |
Assigned to |
Response Strategy |
Threat or Opportunity |
1 |
The online OSFMS system at the time of configuration can get disrupted if it is ill-configured |
Upto 85% |
5 |
High |
Programmer |
OSFMS system must be installed and configured in effective way |
The online system is going to serve for a longer period of time if the system is well configured |
2 |
The project oes over budget |
Upto 75% |
4 |
High |
Operations analyst |
Operations analyst will have to analyse the market initially and after that the project manager and the operations analyst must prepare the budget schedule |
The project can gain success if the project is within budget |
3 |
Resources have not been used effectively for the project |
Upto 65% |
3 |
Medium |
Project manager |
Here project manager is required to act smartly |
If the operations analyst in collaboration with the project manager acts responsibly then they can get long term benefits from the project |
Probability of occurrence |
Impact of occurrence |
||||
Very low |
Low |
Medium |
High |
Very high |
|
Very low |
|||||
Low |
|||||
Medium |
Resource risk |
Technical risk |
|||
High |
Schedule risk |
Technical risk |
|||
Very high |
Figure 3: Qualitative Risk Analysis
(Source: Created by author)
The OSFMS project must met the quality only then the project can be considered successful. The project’s success depends a lot on vision and mission of the operations analyst and the project manager. The project manager should make sure that the project meets the quality of the project.
6.1 Quality issues
Project Name: OSFMS Online Booking System |
Project manager Name: |
||||
Sl.No |
Quality related issues that are possible |
Mitigation time |
Method for mitigation |
Owner |
Status |
1 |
There are several errors in the documentation which restrict the stakeholders in the project |
3.5 months |
Inspection |
Project manager |
Open |
2 |
The hardware resources fail to integrate with the online OSFMS system |
3.5 month |
Inspection |
Project manager |
Open |
3 |
The lack of expertise of the management staff do not have the desired expertise to manage the project |
2.5 months |
Inspection |
project manager |
Open |
Two testing methods validation and the verification testing haven been defined-
Validation testing: The validation testing is carried out by the project manager as it help him to know whether the project will meet the quality or not.
Verification testing: The verification testing is carried out by the project manager as it helps to know whether the project will meet the policies or not.
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