Question

Develop a 4 part project plan, using as your focus a work-related project you are doing now or will be doing in the future. Part 1 Create a Service Level Agreement which includes which includes:

• Project Description, Purpose, and Objectives:

Part 2 Using a Gantt chart, construct a project schedule.

Part 3 describe the project budget key success factors

Part 4Create a risk management and quality management plan,

Answer 1

The project we are intending to discuss is about an E-commerce business which serves the customers with hosiery products like inner-wear and undergarments . The name of our business is R Enterprises .

Part 1 :

Project Description :

R enterprises uses the cloud services of Amazon Web Services to host its website on their cloud services and for that they enter into a service level agreement . AWS provides a service of hosting websites on its servers located throughout the world.

Purpose :

The following Service Level Agreement is a documentation of the agreed provision of services of the cloud servers of AWS ( Amazon Web Services ) by Amazon Inc to R enterprises for the use of its AWS Cloud Directory service . This service level agreement is overseen by the International Standards for SLA. The service level agreement is deemed to be valid from 22/03/20 to 22/03/22 .

Objectives:

The objectives of the Service Level Agreement (SLA) is to present the expected requirements from AWS by R Enterprises of using their cloud servers and the requirements are defined as below :

1. Availing the AWS Apache server 2.0 for hosting the E-Commerce website R.enterprises on the servers of AWS by Amazon
2. The cloud servers should be functional 24/7 for easy access by the customers to the website.
3. Website maintenance is fixed at monthly basis , the duration for which has been fixed at 02:00 hrs to 04:00 hours . The date for this pre-designated maintenance will be decided at-least 15 days prior to Amazon.

Part 2 :

A Gantt chart is a project scheduling chart which provides the time bound scheduling of the project , it is also called a harmonogram and it consists of two axis - X axis and Y axis . The X axis represents the time intervals and the Y axis represents the various activities .

For our project of starting the E-Commerce business of the firm R Enterprises the Gantt chart is as follows :

The activities or tasks are :

1. Plan : Planning the activities and tasks and planning the setting up of the e commerce business

2. Set-up : After the brain storming activity of the plan stage here we tend to set-up the business by carrying out the legal procedures for setting up an e-commerce website .

3. Procurement : This stage is for procurement of the goods and products to be sold on the e-commerce platform .

4. Host Website : The activity involves hosting the website on the cloud servers .

5. Marketing : The promotional and marketing activities of the e commerce website .

Part 3 :

The various project budget success factors are :

i) Dynamic Budget :

A budget which can be modified according to the change in requirements of the project , for example in our project of the online e commerce website , in case the dynamic nature of the industry leads to change in budget requirements like change in the prices of the raw materials for our products , a shock in supply and demand leading to change in budget requirements .Any budget prepared needs to incorporate the external environmental factors .

ii) Monitoring the Budget :

The budget prepared needs to be monitored carefully i.e assigning proper costs to the activities , these costs need to managed effectively and should be inclined to the project outcomes .For ex: In our case of the e commerce website we need to allocate our costs appropriately according to the priority basis.

iii) Accounting Methods : The relevant accounting methods which has been used to prepared the capital budget , these accounting methods when used appropriately can lead to amazing results. There are various accounting standards which have been defined by accounting societies and are critical to the capital budgeting success.

iv) Management Decision : The management decision making is the one which makes all the important decision including the decisions related to the preparing and executing capital budgeting decisions . Thus the management decisions are very crucial in being the critical factor in capital budgeting decisions .

Part 4 :

Risk Management Plan :

Quality Management Plan :