ITC505 | MEASURABLE ORGANISATIONAL VALUE | PROJECT MANAGEMENT
Art 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? o Faster – does your client want to increase efficiency? o Cheaper – is cutting costs important?
o 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:
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- People (and their roles), plus any extra personnel that is required for the project.
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- 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.
Students must submit screenshots of MS Project file as a part of the assessment submission.
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; o A set of verification activities
o A set of validation activities
Part Six: 550 words
Closure and Evaluation Researching for the closure checklist and project evaluation
- 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
- Develop a closure checklist that the project team will use to ensure that the project has been closed properly.
- Develop a project evaluation –outline and discuss how your project’s MOV will be evaluated.
Submit your assignment online via Turnitin in the nominated class. Turnitin details for the individual classes would be provided on Interact2.
Marking criteria
Criterion |
High Distinction |
Distinction |
Credit |
Pass |
Fail |
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Provides an |
The MOV illustrates |
The MOV illustrates |
The MOV |
The MOV |
The MOV fails to |
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MOV and |
the student’s |
the student’s detailed |
illustrates the |
illustrates the |
cover one or more |
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identifies the |
detailed |
consideration of the |
student’s |
student’s |
specified project |
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target and |
consideration of the |
target and an attempt |
generalised |
generalised |
Requirements. |
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expectations of |
target and a |
at analysis of the |
consideration of |
consideration of |
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all stakeholders |
thorough analysis of |
expectations of all |
the target and an |
the target; |
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in a suitable |
the expectations of |
stakeholders is |
attempt at analysis |
however analysis |
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format. |
All stakeholders. |
Evident. |
of the expectations |
of the |
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(15 Marks) |
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of most |
expectations of |
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The format is |
The format is logical |
stakeholders is |
all stakeholders is |
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logical, clear and |
and appropriate to the |
Evident. |
Not clear. |
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Well-structured. |
information |
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Presented. |
The format is |
The format is |
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suitable to the |
suitable to the |
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information |
information |
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Presented. |
Presented. |
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Utilising MS |
Evidence of expertly |
Evidence of expertly |
Correctly utilising |
Key resources are |
Key resources |
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Project, provides |
utilising MS Project |
utilising MS Project |
MS Project to |
correctly |
have not been |
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a list of resources |
to create a |
to create a list of all |
provide a list |
identified and |
Identified. |
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associated with |
comprehensive list |
resources required for |
which identifies |
Documented. |
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the project – |
of resources, |
the project; |
most of the |
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including |
demonstrating in- |
demonstrating |
resources required |
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reference to |
depth analysis of the |
analysis of the |
for the project; |
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people, |
Project’s needs. |
Project’s needs. |
some evidence of |
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technology, and |
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analysis of project |
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facilities and |
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Needs. |
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associated costs |
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(10 Marks) |
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Produces a |
Consistent |
Well written with |
Well written with |
Well written but |
Writing is not of |
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Scope |
application of |
some demonstration |
demonstration of |
lacks acceptable |
an acceptable |
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Management |
industry standard |
of industry standard |
academic standard |
Formatting. |
Standard. |
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Plan (SCM). |
language and |
language and |
language and |
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(10 Marks) |
Formatting. |
Formatting. |
Formatting. |
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Utilising MS |
Demonstrates high |
Demonstrates |
Demonstrates |
Demonstrates |
The WBS design |
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Project – |
level project |
competent |
essential |
minimal |
fails to correctly |
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evidences the |
management skills, |
management skills, |
management skills, |
management |
address one or |
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processes |
integrating and |
applying project |
applying project |
skills and needs |
more essential |
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involved with a |
applying project |
management tools in |
management tools |
some |
project |
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WBS, including |
management tools in |
meaningful and |
in meaningful and |
improvement in |
Requirements. |
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Budget. |
meaningful and |
purposeful ways |
purposeful ways |
applying project |
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(20 Marks) |
purposeful ways |
towards completion |
towards |
management |
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towards completion |
of the WBS design, |
completion of the |
tools in |
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of WBS design, |
correctly addresses |
WBS design. |
meaningful and |
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correctly and |
the all project |
Essential project |
purposeful ways |
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comprehensively |
Requirements. |
requirements |
towards |
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addressing all |
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Addressed. |
completion of |
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project |
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WBS. Not all |
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Requirements. |
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project |
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requirements are |
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clearly |
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Addressed. |
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Provides a |
All steps in project |
All steps in project |
Evidence that key |
Key steps in |
One or more key |
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project risk |
risk analysis and |
risk analysis and |
steps in project risk |
project risk |
steps in project |
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analysis and plan |
alternate strategies |
alternate strategies |
analysis and |
analysis and |
risk analysis and |
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using the risk |
are comprehensively |
are clearly discussed |
alternate strategies |
alternate |
alternate |
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identification |
discussed and |
and presented in the |
are discussed and |
strategies are |
strategies are not |
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framework as a |
presented in the |
context of the project, |
presented in the |
accurately |
Presented. |
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basis for |
context of the |
with reference to the |
context of the |
Presented. |
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discussing |
project, with |
framework to validate |
project, with some |
Minimal |
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Criterion |
High Distinction |
Distinction |
Credit |
Pass |
Fail |
alternate |
evidence of |
The alternatives. |
linkages back to |
reference to |
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strategies for the |
thorough |
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the framework to |
framework in the |
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management of |
consideration of the |
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validate the |
discussion |
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Such risks. |
framework to |
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Alternatives. |
Presented. |
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(15 Marks) |
validate the |
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Alternatives. |
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Produces a |
All required project |
All required project |
All required |
Most required |
Multiple project |
quality |
steps are correctly |
steps are correctly |
project steps are |
project steps are |
steps are missing |
management |
identified and |
identified and are |
correctly identified |
correctly |
or not applied to |
plan which |
appropriately |
applied to the |
and are applied to |
identified and |
the selected |
includes a |
contextualised for |
selected project with |
the selected |
applied to the |
Project. |
statement about |
The selected project. |
some |
Project. |
Selected project. |
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the team’s |
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Contextualisation. |
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philosophy and |
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verification and |
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validation |
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Activities. |
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(10 Marks) |
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A closure |
The closure |
The closure checklist |
The closure |
The closure |
The closure |
checklist is |
checklist is detailed, |
is detailed, and has |
checklist has been |
checklist has |
checklist has not |
produced |
and has been used |
been used accurately |
used appropriately |
been used to |
been addressed |
alongside the |
accurately to close |
To close the project. |
to close the project, |
close the project, |
adequately, the |
development of a |
The project. The |
The evaluation has |
and the evaluation |
and the |
evaluation is |
project |
evaluation has been |
been well |
has been |
evaluation has |
lacking detail and |
evaluation that is |
professionally |
documented and is |
adequately |
been addressed |
is not evidenced |
evidenced by |
documented and is |
evidenced by |
documented and is |
and is evidenced |
By research. |
Research. |
evidenced by |
Research. |
evidenced by |
By research. |
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(10 marks) |
Research. |
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Research. |
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Referencing of |
All written evidence |
All written |
All written |
All written |
No apparent |
sources (APA |
is professionally |
information is good |
information is |
content is loosely |
logical order of |
6th end citation) |
communicated using |
with appropriate |
generally well |
connected, and |
written content, |
to reinforce |
Correct referencing. |
referencing |
organised but more |
there is |
and there is a lack |
Findings. |
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clarity of |
ineffective use of |
Of referencing. |
(10 marks) |
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communication is |
Referencing. |
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required in terms |
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Of referencing. |
ITC505|Measurable Organizational Value and Project Management|
This assignment comprises of six parts. The first part involves writing a project on the MOV (Measurable Organizational Value). In the second part, the learner is required to define the scope and develop a scope management plan. The third part comprises of the development of schedule through the utilization of the high level of WBS (Work Breakdown structure). The part four entails to the project on risk analysis and planning. Part five requires the development of quality management plan. The last part six involves the closure and also evaluation for which learner has to write annotated bibliography from three of the relevant texts or readings. The submission of the final document will be done online through Turnitin.
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