Project Management For Measurable Organizational Value

Measurable Organizational Value

Factors Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper	Impact	Ranking
Strategy	In order to develop online ticket booking system for RALS show functional, competitive and operational business strategies are considered. With the help of these strategies the company could gain effective competitive advantages. Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper	1
Consumer	Customer acts as leading marketing catalyst for marketing research, product feedback and to grab new consumers. With increasing rate of customer satisfaction measurable revenue will also enhance.	3
Financial	With financial support and finance management system budget forecasting, bookkeeping, reporting, payables and receivables become possible.	2
Operational	With operation strategy asset management, HR management and eve cost management also become possible.	4
Social	Social support helps to emphasize the business boundary and respected areas required to be improved.	5

Better: The online ticket booking system will give better opportunities to the consumers to access the system regardless of their location and time of booking as well.

Faster: The online system is found to be faster than the traditional and manual ticket booking system.

Cheaper: Due to the growing usage of technology the newly developed advanced ticket booking system is found to be cheaper than the previous system.

Strategy: In order to develop the system, the strategies those are needed to be considered include the operational strategies, functional strategies and business strategies.

In order to conduct RALS event with online ticket booking system the appropriate metrics considered by the stakeholders are as follows:

Metrics	Values	Weight
Estimation accuracy	It helps to calculate uncertainty, overrunning and under running profitability and the predicted cost as well. EA acts as an indicator that is widely used for measuring the variation between varied cost and the estimated cost.	10%
Indicators of project success	The indicators of project success used include ROI; cost performance, KPI and employee satisfaction.	14%
Indicators of business success	The indicators used for business success include attorney, certified public account, and expert of branding and marketing and certified financial planner.	23%
Project scorecard	Establishes link between the project level indicators and management experiences.	15%
Project performance metrics	Used to divide the earned values.	12%
Reason code analysis	The analytical result of RCA defines as customer support centre.	30%

MOV	Timeframe
Estimation accuracy	3 months
Indicators of project success	1 months
Indicators of business success	4 months
Project scorecard	2 months
Project performance metrics	5 months
Reason code analysis	3 months

Measurable Organizational Value is referred to as a method that was preliminarily used instead of Return on Investment process. The method is capable to make comparison between the profit and the cost of an exact product or element. The outcome of a project is dependent upon the MOV considered by the project head initially. Different MOV are considered for developing the online ticket booking system to conduct the RALS event much effectively and it is expected that after successful implication of these MOV the project will be able to provide successful ad secured outcome.

The scopes of the project are as follows:

The issues associated to the manual and traditional ticket booking system, are firstly identified
Both the functional and non functional requirements are needed to be identified
Based upon the requirement an online ticket booking system should be produced
Development of system prototype
The consumers has the ability to select ALS events that they wish to book
To implement payment gateway for secured online money transaction

Name of the resources	Details of the resources
Project manager	Project manager are responsible to control and monitor the project status report
Software development team	The SDT are appointed to develop required software needed to develop the online ticket booking system
Marketing team	Whether the system is beneficial to the market or not are measured by the marketing team
Software testing team	The developed software are tested by the testing team
R &D team	For additional technologies further functional and operational research are done by the R&D team
Client manager	The client managers work in the customer service center to satisfy them by service affordable, n time and secured services to the consumers.

Milestones for each project

Task Name	Duration	Start	Finish	Predecessors	Resource Names
Milestone 5: completion of project closure phase	0 days	Thu 8/30/18	Thu 8/30/18	27	Project manager ,Hardware [0],others [0],software [0]
Milestone 1: project initiation phase	0 days	Tue 6/26/18	Tue 6/26/18	5,6	Project manager
Milestone 2: System development phase	0 days	Thu 7/12/18	Thu 7/12/18	12	Project manager
Milestone 3: completion of project development phase	0 days	Mon 7/30/18	Mon 7/30/18	18	Project manager
Milestone 4: completion of project testing phase	0 days	Wed 8/15/18	Wed 8/15/18	23	Project manager
Milestone 5: completion of project closure phase	0 days	Thu 8/30/18	Thu 8/30/18	27	Project manager

WBS	Task Name	Duration	Start	Finish	Predecessors	Resource Names	Cost
1	Project initiation phase	18 days	Fri 6/1/18	Tue 6/26/18			$23,520.00
1.1	Setting project goal	4 days	Fri 6/1/18	Wed 6/6/18		R &D team	$1,600.00
1.2	Identification of functional requirements	5 days	Thu 6/7/18	Wed 6/13/18	2	Marketing team ,Technical training ,others [1]	$4,440.00
1.3	Identification of non-functional requirements	4 days	Thu 6/7/18	Tue 6/12/18	2	Software testing team ,R &D team ,others [1]	$3,240.00
1.4	Feasibility study	9 days	Thu 6/14/18	Tue 6/26/18	3	Client manager ,Technical training	$7,920.00
1.5	Allocation of time	6 days	Wed 6/13/18	Wed 6/20/18	4	R &D team ,others [1]	$2,440.00
1.6	Requirements gathering	6 days	Wed 6/13/18	Wed 6/20/18	4	Project manager ,software [1]	$3,880.00
2	Milestone 1: project initiation phase	0 days	Tue 6/26/18	Tue 6/26/18	5,6	Project manager ,Client manager ,others [0]	$0.00
3	System planning phase	18 days	Thu 6/21/18	Mon 7/16/18			$22,800.00
3.1	Resource allocation	8 days	Thu 6/21/18	Mon 7/2/18	7	R &D team ,software [1],Hardware [1],others [1]	$3,320.00
3.2	Scope management plan development	2 days	Thu 6/21/18	Fri 6/22/18	7	Software development team ,others [1]	$840.00
3.3	Quality management plan	12 days	Wed 6/27/18	Thu 7/12/18	8	Client manager ,Technical training	$10,560.00
3.4	Risk management plan	10 days	Tue 7/3/18	Mon 7/16/18	10	R &D team ,Hardware [1],others [1]	$4,080.00
3.5	consideration of security dimension	10 days	Mon 6/25/18	Fri 7/6/18	11	Marketing team	$4,000.00
4	Milestone 2: System development phase	0 days	Thu 7/12/18	Thu 7/12/18	12	Project manager	$0.00
5	System development phase	23 days	Fri 7/13/18	Tue 8/14/18			$27,760.00
5.1	Data modeling	8 days	Fri 7/13/18	Tue 7/24/18	15	Client manager ,software [1],Technical training ,others [1]	$7,120.00
5.2	Process modeling	10 days	Tue 7/17/18	Mon 7/30/18	13	Software testing team ,others [1]	$4,040.00
5.3	Development of traceability matrix	12 days	Wed 7/25/18	Thu 8/9/18	17	Software development team ,Technical training	$10,560.00
5.4	Development of system prototype	15 days	Wed 7/25/18	Tue 8/14/18	17	Marketing team ,others [1]	$6,040.00
6	Milestone 3: completion of project development phase	0 days	Mon 7/30/18	Mon 7/30/18	18	Project manager	$0.00
7	System testing	10 days	Fri 8/10/18	Thu 8/23/18			$9,600.00
7.1	Unit and integration system testing	4 days	Fri 8/10/18	Wed 8/15/18	19	Software development team ,others [1],Technical training	$3,560.00
7.2	Analysis field application	4 days	Wed 8/15/18	Mon 8/20/18	20	Client manager ,R &D team ,Software testing team ,others [1]	$4,840.00
7.3	Addition of Payment gateway	3 days	Tue 8/21/18	Thu 8/23/18	21,24	Software testing team	$1,200.00
8	Milestone 4: completion of project testing phase	0 days	Wed 8/15/18	Wed 8/15/18	23	Project manager ,others [0]	$0.00
9	Project closure	11 days	Thu 8/16/18	Thu 8/30/18			$7,520.00
9.1	Stakeholder signoff	4 days	Tue 8/21/18	Fri 8/24/18	24	Client manager ,others [1]	$1,640.00
9.2	Final project documentation	5 days	Fri 8/24/18	Thu 8/30/18	25	Marketing team	$2,000.00
9.3	Post project maintenance	6 days	Thu 8/16/18	Thu 8/23/18	26	Project manager ,others [1]	$3,880.00
10	Milestone 5: completion of project closure phase	0 days	Thu 8/30/18	Thu 8/30/18	27	Project manager ,Hardware [0],others [0],software [0]	$0.00

Table 2: Gantt chart for RALS event

(Source: Created by author)

Task Name	Resource Names
Schedule of RALS
Project initiation phase
Setting project goal	R &D team
Identification of functional requirements	Marketing team ,Technical training ,others [1]
Identification of non-functional requirements	Software testing team ,R &D team ,others [1]
Feasibility study	Client manager ,Technical training
Allocation of time	R &D team ,others [1]
Requirements gathering	Project manager ,software [1]
Milestone 1: project initiation phase	Project manager ,Client manager ,others [0]
System planning phase
Resource allocation	R &D team ,software [1],Hardware [1],others [1]
Scope management plan development	Software development team ,others [1]
Quality management plan	Client manager ,Technical training
Risk management plan	R &D team ,Hardware [1],others [1]
consideration of security dimension	Marketing team
Milestone 2: System development phase	Project manager
System development phase
Data modeling	Client manager ,software [1],Technical training ,others [1]
Process modeling	Software testing team ,others [1]
Development of traceability matrix	Software development team ,Technical training
Development of system prototype	Marketing team ,others [1]
Milestone 3: completion of project development phase	Project manager
System testing
Unit and integration system testing	Software development team ,others [1],Technical training
Analysis field application	Client manager ,R &D team ,Software testing team ,others [1]
Addition of Payment gateway	Software testing team
Milestone 4: completion of project testing phase	Project manager ,others [0]
Project closure
Stakeholder signoff	Client manager ,others [1]
Final project documentation	Marketing team
Post project maintenance	Project manager ,others [1]
Milestone 5: completion of project closure phase	Project manager ,Hardware [0],others [0],software [0]
Milestone 1: project initiation phase	Project manager
Milestone 2: System development phase	Project manager
Milestone 3: completion of project development phase	Project manager
Milestone 4: completion of project testing phase	Project manager
Milestone 5: completion of project closure phase	Project manager

Task Name	Cost
Schedule of RALS	$91,200.00
Project initiation phase	$23,520.00
Setting project goal	$1,600.00
Identification of functional requirements	$4,440.00
Identification of non-functional requirements	$3,240.00
Feasibility study	$7,920.00
Allocation of time	$2,440.00
Requirements gathering	$3,880.00
Milestone 1: project initiation phase	$0.00
System planning phase	$22,800.00
Resource allocation	$3,320.00
Scope management plan development	$840.00
Quality management plan	$10,560.00
Risk management plan	$4,080.00
consideration of security dimension	$4,000.00
Milestone 2: System development phase	$0.00
System development phase	$27,760.00
Data modeling	$7,120.00
Process modeling	$4,040.00
Development of traceability matrix	$10,560.00
Development of system prototype	$6,040.00
Milestone 3: completion of project development phase	$0.00
System testing	$9,600.00
Unit and integration system testing	$3,560.00
Analysis field application	$4,840.00
Addition of Payment gateway	$1,200.00
Milestone 4: completion of project testing phase	$0.00
Project closure	$7,520.00
Stakeholder signoff	$1,640.00
Final project documentation	$2,000.00
Post project maintenance	$3,880.00
Milestone 5: completion of project closure phase	$0.00
Milestone 1: project initiation phase	$0.00
Milestone 2: System development phase	$0.00
Milestone 3: completion of project development phase	$0.00
Milestone 4: completion of project testing phase	$0.00
Milestone 5: completion of project closure phase	$0.00

Identified risks	Probability	Impact	Frequency	Mitigation strategies
Lack of experts	Low	Low	Very frequent	Before selection of the project team the participant’s knowledge and skills should be tested
Improper resource management	High	High	Frequent	Before initiating the project the resources should be estimated
Inaccurate cost management	High	High	Very frequent	In order to resolve this issue, proper feasibility study is needed to be done by the finance manager.
Inappropriate time management	High	Very high	Frequent	In order to resolve the issues of improper time, at the very initial phase the project manager is needed to develop time management plan.

In order to ensure the quality of any project it is necessary for the project manager to develop accurate team philosophy to keep the project team members engaged to their tasks. No project is there that can be implemented without any error. In order to conduct a project smoothly the unexpected problems are required to be avoided accordingly. The philosophy of the project team is to deliver the consumers a secured, affordable, effective and efficient online ticket booking system. Through the help of this system the consumers would be able to book tickets from anywhere and anytime. In addition to this, the general sets of ethics are required to be considered by the project manager during the project development phase.

In order to ensure the quality of the online ticket booking system followings are the considered steps:

Quality audit and review
Specification of hardware and software requirements
Analysis the project development processes
Project quality auditing

Activities	Responsible person	Signature
Project initiation plan	Project manager
Planning phase	System developer
Testing phase	Tester
Execution phase	Marketing team and R &D team
Closure phase	Project manager

With the successful development of this project the consumers will be able to book online tickets whenever required
The booking opportunities will be available for 24X7 hours
With payment gateway system the consumers will be able to get secured payment opportunities

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