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Information System in Retail Sector
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America’s Response to China’s Belt and Road Initiative
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Should There be Reservations in the Private Sector and the Alternatives for Social Justice
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Increasing Exports through Free Trade Zones (FTZ)
Countries have long since realized the importance of furthering their interest by supporting the International Trade and Exports from in house and actively supporting the industries to become globally competitive. Besides this objective, many governments also aim to promote Foreign Direct Investment into the country and encourage Multi National Companies to set shop and manufacture […]
This article details the high level project plan and the components of the same. A project is a success if it meets the objectives of time, cost, technical and business. Project objectives are defined in the preliminary project scope statement. As mentioned above, a project is deemed complete if the project objectives have been met. The objectives should be clear and achievable.
The objectives for this project have been summarized as:
The project plan must contain the time taken to complete the project end-end from requirements to implementation. A detailed analysis of each stage and the time taken for the same must be outlined upfront and milestones for each stage defined.
The cost for completion of the project as defined by the time taken to complete and the technical and business objectives being met is to be defined. All the project objectives are linked to each other and any change in one variable affects the others as well. For e.g. a change in the technical requirements would mean that more time would be required to complete the project and this in turn affects the cost. Thus there are cascading affects on each of the variables.
The business objectives have to be clearly spelt out by your company in terms of the sales generated, the cost benefit analysis of building a website and consequent revenue generation etc.
The technical requirements can be stated in terms of the quality of the deliverables and the number of defects found during each of the testing phases and the turnaround time for implementation etc.
The above chart is a representation of the Work Breakdown Structure (WBS) for the project. It represents a high to medium level summary and it can be refined further. The WBS has been summarized in the organization chart keeping in mind some factors like:
| Activity | Team Member | ||
| Team member 1 | Team member 2 | Team member 3 | |
| A (design) | P | S | |
| B (coding) | S | P | |
| C (testing) | S | P | |
P - Primary responsibility
S - Secondary responsibility
This chart cross references the WBS created for the project. Each of the work packages created in the WBS is allocated to each of the team members with primary and secondary responsibilities assigned accordingly.
The project plan consists of the above details as well as the WBS and the responsibility matrix. A detailed project plan needs more elaboration and is a separate activity altogether.
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Costs in Project Management – Costs associated with the Projects
February 12, 2025
