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You are to prepare and submit Assessment 3 as an individual, based on the Case study scenario, and your peer to peer learning from Assessment 2at least 8-10 appropriate references in APA style. You...

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You are to prepare and submit Assessment 3 as an individual, based on the Case study scenario, and your peer to peer learning from Assessment 2at least 8-10 appropriate references in APA style.
You are required to develop a charter for the Project including:Include the Project description and overview you developed as part of Assessment 2.Part One:
MOV - Measurable Organisational Value
(This is the goal of the project and is utilised to define the value that your team project will bring to your client)
  • Identify the desired area of impact - Rank the following areas in terms of importance: Strategy / Customer / Financial / Operational / Social
  • With reference to your project, identify one or two of the following types of value:
    • Better - is improving quality important to your client?
    • Faster - does your client want to increase efficiency?
    • Cheaper - is cutting costs important?
    • Do more - does your client want to continue its growth?
  • Develop an appropriate metric - this sets the target and expectation of all the stakeholders. It is important to determine a quantitative target that needs to be expressed as a metric in terms of an increase or decrease of money.
  • Determine the timeframe for achieving the MOV - ask yourselves, when do we want to achieve this target metric?
  • SUMMARISE THE MOV IN A CLEAR CONCISE STATEMENT OR TABLE
(Note: the MOV should inform everyone what the project will achieve, not how it will be achieved. It should also focus on the organisation, not on the technology that will be used to build or support the information system).Part Two:
Define Scope and produce a Scope Management Plan
Define the scope of the project and detail how the scope will be managed.
Provide a list of Resources
Identify and detail the resources for the project using MS Project where appropriate, including:
  • People (and their roles), plus any extra personnel that is required for the project.
  • Technology - any hardware, network and software needs to support the team and your client.
  • Facilities - where will most of the teamwork be situated?
  • Other - for example, travel, training etc.
Part Three:Using MS Project, develop a schedule using a high level Work Breakdown Structure (WBS). It should include:Milestones for each phase and deliverable
  • This will tell everyone associated with the project that the phase or deliverable was completed satisfactorily.
Activities / Tasks
  • Define a set of activities / tasks that must be completed to produce each deliverable.
Resource Assignments
  • Assign people and resources to each individual activity.
Estimates for Each Activity / Task
  • Develop a time estimate for each task or activity to be completed.
Budget
  • Create a time-phased budget using bottom-up estimating. Be sure to include direct costs listed in Part two and add 20% for fringe. State all assumptions and constraints you have used when creating your budget. State how confident you are in your estimates and what would make you more confident.
Part Four:Project Risk Analysis and Plan
  • Document any assumptions you have made about the project
  • Using the Risk Identification Framework as a basis, identify five risks to the project – one for each of the five phases of the methodology.
  • Analyse these risks, assign a risk to an appropriate member, and describe a strategy for the management of each specific risk.
Part Five:Quality Management Plan. It should include:
  • A short statement that reflects your team’s philosophy or objective for ensuring that you deliver a quality system to your client.
  • Develop and describe the following that your project team could implement to ensure quality;
    • A set of verification activities
    • A set of validation activities
Part Six: 550 words
Closure and EvaluationResearching for the closure checklist and project evaluationa. To prepare for this task, you will be required to provide an annotated bibliography.Write an Annotated Bibliography for three (3) relevant texts or readings around project evaluation. The Annotated Bibliography is a critical examination of the most relevant, recent and scholarly research on the topic area that is not just a summary of the articles you have read.You will submit this as an appendix to your project evaluation documentation.Ensure that the AB submitted by you is your own work and has not been submitted elsewhere and comply with the University's requirements for academic integrity.Use the following resource to guide you around the research tools:
http://student.csu.edu.au/__data/assets/pdf_file/0009/186444/annotate1.pdf
http://libguides.csu.edu.au/itcb. Develop a closure checklist that the project team will use to ensure that the project has been closed properly.
c. Develop a project evaluation –outline and discuss how your project’s MOV will be evaluated.
Answered Same Day May 13, 2020 ITC505 Charles Sturt University

Solution

Akansha answered on May 18 2020
116 Votes
Running head: Project Management
Project Management
Project Management
Student Name
University Name
Date
Contents
Part One    1
MOV - Measurable Organisational Value    1
Project Value    2
Stakeholder expectations and target metrics:    2
MOV Timeframe    3
MOV Summary    3
Part Two:    4
Project Scope    4
Project Key Deliverables    5
Acceptance criteria:    6
Project Resource List    6
People    6
Technology    7
Hardware:    7
Facilities    8
Scope Management Plan    8
Part Three:    9
Project schedule    9
Key activities within the Project    9
Work Breakdown Structure (WBS)    10
Initiation Phase    10
Planning Phase    10
Execution Phase    11
Closing    12
Part 4    12
Key Assumptions for a project    12
Risk Assessment & Mitigation (Analysis, mitigation practices and Identification)    12
Part Five:    16
Key Verification steps    16
Key Validation steps    16
Part Six:    17
Closure Checklist    17
Project Evaluation    17
Annotated Bibliography    18
References    20
Part One
MOV - Measurable Organisational Value
The online project Stud Farm Mgt System objectives is to
ing the automatization into the business activities of the Stud Farms and through using the web-based function which can handle the basic activities such as payment, order booking and the transactions or the data and the information executives. The main areas of focus for the OSFMS are to increase an efficiency of efforts and put into by Stud Farms also by managing its elementary business activities into the streamlined fashion. This following table represents the description to the main areas of the impacts (they are ranked in the priority terms):
    Area of Impact
    Description
    Operational
    This system would
ing the automatization into the main business activities to improve the overall production of organization.
    Financial
    Unification of this modern or proposed internet-based system would allow the management to develop their financial values and reduce the investments that made in the form of appoint many human sources to regulate the business procedures manually.
    Custome
    Other major impact of these proposed system would be the raises the level of the consumer satisfaction following to the comfort of use. These systems will grant the users for making purchases without personally visiting in to stud farms and or going to the sequence of the hectic manual procedure.
    Strategic
    They will also allow these organization for integrate efficient planning’s and the operational management to their business technique.
    Social
     Social outlook of organisation will be apparent in the form of develop market or the social worth to the organization and following the increased level of the consumer satisfaction and following the streamlined and the encouraging service or delivery procedures.
Project Value
As mentioned above, the main aims of project is to increase operational activities of this organization and it is the way of incorporating the digitalized system for manages all activities as well as the processes (the primary activities are performed by these organizations). This project would add significant value to presently business operations for making processes faster.
1. Activities and exertion of organization could be streamlined.
2. Customer would be capable to place their required orders without going to Stud Farm physically.
3. The Payment or the financial transactions might be made simply by using the internet application to reducing the requirement for stand in a queue as well as also spending considerable quantity of time for booking-related procedures.
Stakeholder expectations and target metrics:
    Stakeholder Expectations from OSFMS
    Targets
    Expected probability of success
    Extreme ROI returns
    The management expected to increase an ROI to 15 % from 1st year of the implementation.
    Likelihood of attaining such high values from 1st year essentially is clearly a very overstretched amount considering the deep level of the competition into the business.
    
Raised efficiency of the business activities and process
    These organization intends for create the robust web functions which can efficiently hold their work processes and the increase the performance standards.
    The possibility of attaining the goal is significantly huge following the organised and well-designed opportunity and project implementation.
    Meeting Project Budget as well as the Cost constraints
    Allocated budget to the project $75000
Organization determines to complete a project in the three months or the 90 days
    -
MOV Timeframe
    Key Milestones for a project
    Each Milestone: Timeline
    Calculating the operational business deadline
    10 days
    Web Application Development which is constant along with the occupational methods
    75 days
    Installation of Web Application and the training of the project
    5 days
    Possible increase in financial returns into the management
    6 months
    Customer base increase
    18 months
MOV Summary
    Impacted Areas
    Key value targeting the organization
    Target Metric
    Timeline
    Financial
Customers
Social
Strategic
Operational
    
This project would add the significant value to present business operations for making the procedures faster.
The aims of the project is to increased the operational activities of organization by methods of incorporating the digital system for manage complete activities and the processes
    The gain of the 15 % in ROI value in the organization in the period of the 1st year.
    The Development and the Installation of OSFMS: for 90 days
    
    
    Organization tries to create the robust web functions which can effectively handle their processes of the business and also increase its performance standards.
    ROI Development in the 6 months
    
    
     Allocated budget to the project will be $75000
    Growth in the Consumer Base for Organization: For almost 18 months
Part Two:
Project Scope
To secure the development or the growth of the management structure for stud farms this cannot replace their human management functions but also can establish the structure which encourages effective a
anging of their efforts, operations, also the activities that is being insert in by (Teller & Kock, 2013) management is the main focus of the project. The organization determines for doing the same along with the support of the web-based operations that will give the following recorded set of the functions.
Key functionalities:
· An interface for the registration for the users is simple and easy to use.
· Directing information and also user data along the support of the user-specific report.
· Primary consumer account management.
· Manage and execute the operations such as stud (product) act, and also place the order with organization, and making the financial transactions (Teller & Kock, 2013).
Following are the feasibility analysis of the elements, and those can be organised in the following scope and the out of outlook functionalities.
Project Key Deliverables
    Project Deliverables
    Product Deliverables
    · Project offer for their client.
· Design document and SRS
· Project Charte
· Project documentation in detail
· Project Service point documents (Young & Conboy, 2013)
· Business Case
· Manuals and user guide.
· Project Evaluation as well as the Closure structure of the business
    · Web Application to the management system
· Project Prototype
· The project database backup.
· Hardware resources supporting.
·
Additional , the WBS represents a detailed record of achievement according to every phase of a software development.
Acceptance criteria:
Acceptance criteria explain the main measures or the elements over in which the project achievement. The following record of the important criteria which is necessary for the program to approve.
1. The Developed notation should be constant finalized budget, functionalities and all requirements discussed during in the basic project convention.
2. Only the...
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