Measurable organizational value or MOV is a goal of the project that is used for defining the value that the project will bring to the client. The MOV of an organization is mainly associated with the mission, vision and the strategy of the organization (Beringer, Jonas & Kock, 2013). The project is expected to increase the transparency in the process of managing the buying and selling of the warehoused grains. The desired area of impact associated with this project includes strategy, customer, financial, operation and the social issues associated with the project. The ranking of the areas of impact in terms of importance in the project are as follows-
Rank 1- Operation- This project is expected to improve the operational business process of Virtucon and Globex.
Rank 2- Financial- It will help in improving the transparency in the process of managing the warehoused grains.
Rank 3- Strategy- This strategy will help in easier management of the warehoused grains
Rank4- Customer- Customers will be highly benefited by this strategy.
Rank 5- Social- the project has less impact on social area.
With the reference to the project that deals with the successful implementation of an application iCrop, the values that the project will offer to the organization are as follows-
Faster: The project will ensure faster processing of the warehoused grains
Better: The project will increase the transparency in the process of management of the warehoused grains. The online bidding and processing will be better both for the growers and the buyers.
The metrics that will help in ensuring whether the expectations of the stakeholders are met are as follows (Burke, 2013)-
The measurable organisational values of the project are expected to be achieved before the project closure phase (Mir & Pinnington, 2014). The MOV will be achieved by ensuring that the project is delivered within a set schedule and the allocated budget, and for that proper project monitoring and control is needed to be enforced.
The scope of the project is to deliver a website and an i-Crop application that will ensure easier management of the warehoused gains by implementing easier buying and selling options. The scope of the project will be managed by ensuring accurate project monitoring and control (Schwalbe, 2015). The deliverables of the project is needed to be met and delivered within the set schedule and for that a project supervisor has been appointed (Heagney, 2016). The list of resources that have been identified for the project is represented in the following section.
The resources associated with the project are as follows-
Resource Name |
Max. Units |
Std. Rate |
Ovt. Rate |
Cost/Use |
Project Manager |
100% |
$80.00/hr |
$0.00/hr |
$0.00 |
Project Supervisor |
200% |
$40.00/hr |
$0.00/hr |
$0.00 |
Resource Allocator |
300% |
$50.00/hr |
$0.00/hr |
$0.00 |
Coders |
500% |
$40.00/hr |
$0.00/hr |
$0.00 |
Testers |
500% |
$36.00/hr |
$0.00/hr |
$0.00 |
Database Administrator |
200% |
$28.00/hr |
$0.00/hr |
$0.00 |
Software licensing cost |
$0.00 |
$75,000.00 |
||
Website Upload Cost |
$0.00 |
$50,000.00 |
||
Trainers |
200% |
$20.00/hr |
$0.00/hr |
$0.00 |
Training Venue |
$0.00 |
$7,000.00 |
||
Archieve |
$0.00 |
$5,000.00 |
||
Content writer |
200% |
$15.00/hr |
$0.00/hr |
$0.00 |
The major milestones associated with the project are as follows-
M1: Project is successfully Initiated |
M2:Project Plan Approval |
M3: Application development completion |
M4: Completion of Testing |
M5: Users’ Training Completion |
M6:Project Ends |
The tasks and the activities that are needed to be completed are as follows-
WBS |
Task Name |
0 |
Project iCrop |
1 |
Project Initiation |
1.1 |
Requirements Gathering |
1.2 |
Identification of the Specifications |
1.3 |
Documentation and sharing with client |
1.4 |
Client Approval |
1.5 |
M1: Project is successfully Initiated |
2 |
Project Planning |
2.1 |
Scheduling the Project implementation |
2.2 |
Estimating the Budget of the Project |
2.3 |
Planning the resources requirement |
2.4 |
Allocation of the resources according to the activities |
2.5 |
M2:Project Plan Approval |
3 |
Project Execution |
3.1 |
Website development and Coding |
3.2 |
Coding the iCrop Application |
3.3 |
Linking with database |
3.4 |
Documentation |
3.5 |
Sharing the documents with clients |
3.6 |
M3: Application development completion |
4 |
Testing |
4.1 |
Unit Testing |
4.2 |
System testing |
4.3 |
User acceptance testing |
4.4 |
Bug Fixing (if any) |
4.5 |
Documentation |
4.6 |
M4: Completion of Testing |
5 |
Training |
5.1 |
Developing training manuals |
5.2 |
Selecting Venue |
5.3 |
Imparting training |
5.4 |
M5: Users’ Training Completion |
6 |
Project Closure |
6.1 |
Completion of documenting |
6.2 |
Record Archival |
6.3 |
Payment Completion |
6.4 |
Resource Release |
6.5 |
Client Sign off |
6.6 |
M6:Project Ends |
The Gantt Chart of the project are as follows-
Figure 1: Representing the Gantt Chart of the project
(Source: Generated by Author using MS project)
The work activities marked in red in the Gantt chart above depict the critical path of the project
The WBS of the project is represented below-
Figure 2: Representing the WBS of the project
(Source: Generated by author using MS schedule Pro)
The resource assignments of the project are as follows-
Task Name |
Duration |
Resource Names |
Project iCrop |
144 days |
|
Project Initiation |
18 days |
|
Requirements Gathering |
5 days |
Project Manager, Project Supervisor |
Identification of the Specifications |
10 days |
Project Manager |
Documentation and sharing with client |
2 days |
Archieve [1],Content writer |
Client Approval |
1 day |
Project Manager |
M1: Project is successfully Initiated |
0 days |
|
Project Planning |
7 days |
|
Scheduling the Project implementation |
2 days |
Project Manager, Resource Allocator |
Estimating the Budget of the Project |
7 days |
Project Manager, Project Supervisor |
Planning the resources requirement |
5 days |
Project Supervisor |
Allocation of the resources according to the activities |
2 days |
Project Supervisor |
M2:Project Plan Approval |
0 days |
|
Project Execution |
63 days |
|
Website development and Coding |
15 days |
Coders, Website Upload Cost[1] |
Coding the iCrop Application |
30 days |
Coders, Software licensing cost[1] |
Linking with database |
15 days |
Coders, Database Administrator |
Documentation |
2 days |
Archieve [1],Content writer |
Sharing the documents with clients |
1 day |
|
M3: Application development completion |
0 days |
|
Testing |
36 days |
|
Unit Testing |
10 days |
Testers |
System testing |
7 days |
Testers |
User acceptance testing |
12 days |
Testers |
Bug Fixing (if any) |
5 days |
Testers |
Documentation |
2 days |
|
M4: Completion of Testing |
0 days |
|
Training |
12 days |
|
Developing training manuals |
5 days |
Trainers |
Selecting Venue |
5 days |
|
Imparting training |
7 days |
Trainers |
M5: Users’ Training Completion |
0 days |
|
Project Closure |
11 days |
|
Completion of documenting |
2 days |
Archieve [1],Content writer |
Record Archival |
2 days |
Archieve [1] |
Payment Completion |
7 days |
|
Resource Release |
1 day |
Project Manager |
Client Sign off |
2 days |
Project Manager |
M6:Project Ends |
0 days |
The time estimates for each activity are as follows-
Task Name |
Duration |
Start |
Finish |
Project iCrop |
144 days |
Mon 08-10-18 |
Thu 25-04-19 |
Project Initiation |
18 days |
Mon 08-10-18 |
Wed 31-10-18 |
Requirements Gathering |
5 days |
Mon 08-10-18 |
Fri 12-10-18 |
Identification of the Specifications |
10 days |
Mon 15-10-18 |
Fri 26-10-18 |
Documentation and sharing with client |
2 days |
Mon 29-10-18 |
Tue 30-10-18 |
Client Approval |
1 day |
Wed 31-10-18 |
Wed 31-10-18 |
M1: Project is successfully Initiated |
0 days |
Wed 31-10-18 |
Wed 31-10-18 |
Project Planning |
7 days |
Thu 01-11-18 |
Fri 09-11-18 |
Scheduling the Project implementation |
2 days |
Thu 01-11-18 |
Fri 02-11-18 |
Estimating the Budget of the Project |
7 days |
Thu 01-11-18 |
Fri 09-11-18 |
Planning the resources requirement |
5 days |
Thu 01-11-18 |
Wed 07-11-18 |
Allocation of the resources according to the activities |
2 days |
Thu 08-11-18 |
Fri 09-11-18 |
M2:Project Plan Approval |
0 days |
Fri 09-11-18 |
Fri 09-11-18 |
Project Execution |
63 days |
Mon 12-11-18 |
Wed 06-02-19 |
Website development and Coding |
15 days |
Mon 12-11-18 |
Fri 30-11-18 |
Coding the iCrop Application |
30 days |
Mon 03-12-18 |
Fri 11-01-19 |
Linking with database |
15 days |
Mon 14-01-19 |
Fri 01-02-19 |
Documentation |
2 days |
Mon 04-02-19 |
Tue 05-02-19 |
Sharing the documents with clients |
1 day |
Wed 06-02-19 |
Wed 06-02-19 |
M3: Application development completion |
0 days |
Tue 05-02-19 |
Tue 05-02-19 |
Testing |
36 days |
Wed 06-02-19 |
Wed 27-03-19 |
Unit Testing |
10 days |
Wed 06-02-19 |
Tue 19-02-19 |
System testing |
7 days |
Wed 20-02-19 |
Thu 28-02-19 |
User acceptance testing |
12 days |
Fri 01-03-19 |
Mon 18-03-19 |
Bug Fixing (if any) |
5 days |
Tue 19-03-19 |
Mon 25-03-19 |
Documentation |
2 days |
Tue 26-03-19 |
Wed 27-03-19 |
M4: Completion of Testing |
0 days |
Mon 25-03-19 |
Mon 25-03-19 |
Training |
12 days |
Tue 26-03-19 |
Wed 10-04-19 |
Developing training manuals |
5 days |
Tue 26-03-19 |
Mon 01-04-19 |
Selecting Venue |
5 days |
Tue 02-04-19 |
Mon 08-04-19 |
Imparting training |
7 days |
Tue 02-04-19 |
Wed 10-04-19 |
M5: Users’ Training Completion |
0 days |
Wed 10-04-19 |
Wed 10-04-19 |
Project Closure |
11 days |
Thu 11-04-19 |
Thu 25-04-19 |
Completion of documenting |
2 days |
Thu 11-04-19 |
Fri 12-04-19 |
Record Archival |
2 days |
Mon 15-04-19 |
Tue 16-04-19 |
Payment Completion |
7 days |
Wed 17-04-19 |
Thu 25-04-19 |
Resource Release |
1 day |
Wed 17-04-19 |
Wed 17-04-19 |
Client Sign off |
2 days |
Thu 18-04-19 |
Fri 19-04-19 |
M6:Project Ends |
0 days |
Fri 19-04-19 |
Fri 19-04-19 |
The estimated budget of the project is as follows-
Task Name |
Duration |
Cost |
Project iCrop |
144 days |
$204,792.00 |
Project Initiation |
18 days |
$17,080.00 |
Requirements Gathering |
5 days |
$4,800.00 |
Identification of the Specifications |
10 days |
$6,400.00 |
Documentation and sharing with client |
2 days |
$5,240.00 |
Client Approval |
1 day |
$640.00 |
M1: Project is successfully Initiated |
0 days |
$0.00 |
Project Planning |
7 days |
$11,040.00 |
Scheduling the Project implementation |
2 days |
$2,080.00 |
Estimating the Budget of the Project |
7 days |
$6,720.00 |
Planning the resources requirement |
5 days |
$1,600.00 |
Allocation of the resources according to the activities |
2 days |
$640.00 |
M2:Project Plan Approval |
0 days |
$0.00 |
Project Execution |
63 days |
$152,800.00 |
Website development and Coding |
15 days |
$54,800.00 |
Coding the iCrop Application |
30 days |
$84,600.00 |
Linking with database |
15 days |
$8,160.00 |
Documentation |
2 days |
$5,240.00 |
Sharing the documents with clients |
1 day |
$0.00 |
M3: Application development completion |
0 days |
$0.00 |
Testing |
36 days |
$9,792.00 |
Unit Testing |
10 days |
$2,880.00 |
System testing |
7 days |
$2,016.00 |
User acceptance testing |
12 days |
$3,456.00 |
Bug Fixing (if any) |
5 days |
$1,440.00 |
Documentation |
2 days |
$0.00 |
M4: Completion of Testing |
0 days |
$0.00 |
Training |
12 days |
$1,920.00 |
Developing training manuals |
5 days |
$800.00 |
Selecting Venue |
5 days |
$0.00 |
Imparting training |
7 days |
$1,120.00 |
M5: Users’ Training Completion |
0 days |
$0.00 |
Project Closure |
11 days |
$12,160.00 |
Completion of documenting |
2 days |
$5,240.00 |
Record Archival |
2 days |
$5,000.00 |
Payment Completion |
7 days |
$0.00 |
Resource Release |
1 day |
$640.00 |
Client Sign off |
2 days |
$1,280.00 |
M6:Project Ends |
0 days |
$0.00 |
There are certain assumptions that have been considered for successful implementation of the project. The assumptions are as follows (Turk, France & Rumpe, 2014)-
There are certain risks associated with the implementation process of the project which are as follows (Hwang & Ng, 2013)-
The analysis of the risk on basis of its severity and the mitigation approach is discussed in the following section.
In this section, the risks associated with the project, its severity and the mitigation strategy is discussed in the following table-
Risk |
Severity |
Risk Responsibility |
Strategy for Mitigation |
Technical Risks (Kerzner, 2018) |
High |
Project Manager |
Use of modern technology and presence of a technical team is recommended |
Risk of improper coding |
Medium |
Coders |
Proper monitoring and control of the errors identified per 1000 lines of code |
Risk of improper scheduling |
High |
Project Manager |
A realistic schedule is to be proposed |
Risk of Resource Shortage |
High |
Resource Manager |
Resource allocation should be completed after the planning phase |
Risk of inaccurate testing |
Low |
Tester |
Proper time should be allocated for testing |
Managing the quality of a project is important in ensuring that the project meets the standard as identified by Globex. As a quality management plan in this proect, a quality assurance team will be hired who will inspect the website and the application to understand its working process and the features (Kerzner & Kerzner, 2017 ). Only after successful inspection, the project will be considered as successful.
The project will further follow a set of verification and validation activities as a part of quality management in the project. The verification activities are as follows-
The project will also see certain validation activities, which are as follows-
Jones, H., Moura, F., & Domingos, T. (2014). Transport infrastructure project evaluation using cost-benefit analysis. Procedia-Social and Behavioral Sciences, 111, 400-409.
According to Jones, Moura and Domingos (2014), cost benefit analysis is one of the significant techniques of project evaluation. Each project involves a certain degree of investments and therefore it is essential to analyse whether the investments made will be profitable or not. Cost benefit analysis is considered to be a significant process that evaluates whether the economic investments in the project is positive or not. The use of cost benefit analysis in project evaluation is important mainly because it analyses the pros and cons of the economic investments in a project.
Project evaluation is an important consideration for any project manly because it checks whether the project has been successful in achieving the desired goals or not. Cost estimation is generally done at the beginning of the project and it is recommended for the project managers to ensure that the cost benefit analysis of the project is carried out at the beginning of the project as well. However, it is seen that in majority of the project, the project evaluation phase is mainly carried out before the project closure. The cost benefit analysis is considered one of the most important project evaluation tools and thus its use is recommended.
Willcocks, L. P. (2013). 9 Evaluating the Outcomes of Information Systems Plans Managing information technology evaluation—techniques and processes”. Strategic Information Management, 239.
Project evaluation is important for information technology project. According to Willcocks (2013), project evaluation is important to ensure that the investments in the project are justified. The project evaluation method involves easier identification of the inappropriate measures, inappropriate budgeting and the risks associated with the project. Project evaluation helps in easier identification of the issues associated with the project. Furthermore, the project evaluation phase is important to check whether the objectives of the project are met. Project evaluation is critically important for information technology project mainly because it helps in identifying and analysis of the issues in the system that is developed. Thus every project should involve a project evaluation phase prior to the project closure that will help in easier identification and elimination of the issues in a project.
Project evaluation is a process of critically examining a program that involves in collection and analysis of the information associated with the project. It aims in determining the level of achievement of the objectives associated with a project. Thus project evaluation increases the efficiency and effectiveness of project implementation.
Agyei, W. (2015). Project planning and scheduling using PERT and CPM techniques with linear programming: case study. International Journal of Scientific & Technology Research, 4(8), 222-227.
Another important tool for project evaluation is the use of PERT technique. Completion of a project within a scheduled time and budget is important for its successful completion. The main aim of a project evaluation phase is to ensure that the objectives of the project are met. Project Evaluation and Review Technique can be used for analysing the viability of the investments that is made to the project. PERT is a technique that helps in managing a particular task on basis of the activity time, critical path and the activities that have been performed in the project. For project evaluation, it is essential to gather the evidences supporting the activities performed in the project. The evidences will help in ensuring whether the project is able to meet its requirements or not. There are a number of factors that decides whether the project is successfully implemented or not. PERT chart helps in analysing whether the project has been implemented as expected or not. The PERT technique is particular useful for calculating whether each activities in the project has been successfully executed or not.
The project closure checklist is as follows-
|
The measurable organization value for Globex and Virtucon will be evaluated by inspecting the following project criteria. These criteria are as follows-
With the successful achievement of the above two identified points, the project will be considered as successful.
References
Agyei, W. (2015). Project planning and scheduling using PERT and CPM techniques with linear programming: case study. International Journal of Scientific & Technology Research, 4(8), 222-227.
Beringer, C., Jonas, D., & Kock, A. (2013). Behavior of internal stakeholders in project portfolio management and its impact on success. International Journal of Project Management, 31(6), 830-846.
Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA.
Heagney, J. (2016). Fundamentals of project management. Amacom.
Hwang, B. G., & Ng, W. J. (2013). Project management knowledge and skills for green construction: Overcoming challenges. International Journal of Project Management, 31(2), 272-284.
Jones, H., Moura, F., & Domingos, T. (2014). Transport infrastructure project evaluation using cost-benefit analysis. Procedia-Social and Behavioral Sciences, 111, 400-409.
Kerzner, H. (2018). Project management best practices: Achieving global excellence. John Wiley & Sons.
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.
Leach, L. P. (2014). Critical chain project management. Artech House.
Marchewka, J. T. (2014). Information technology project management. John Wiley & Sons.
Mir, F. A., & Pinnington, A. H. (2014). Exploring the value of project management: linking project management performance and project success. International journal of project management, 32(2), 202-217.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Turk, D., France, R., & Rumpe, B. (2014). Limitations of agile software processes. arXiv preprint arXiv:1409.6600.
Verzuh, E. (2015). The fast forward MBA in project management. John Wiley & Sons.
Willcocks, L. P. (2013). 9 Evaluating the Outcomes of Information Systems Plans Managing information technology evaluation—techniques and processes”. Strategic Information Management, 239
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