Handy Travel Application Development Project Assignment Sample

Introduction: Handy Travel Application Development Project

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The report discussed the cost management process with a brief discussion on cost management planning and the necessary methods to calculate estimated costs by using different types of tools and techniques for managing scheduled budgets. The report is also evaluated with budget methodology. The cost management plan is also described with the necessary information based on the project management plan. The report included an analysis of the cost performances with a descriptive suggestion for maintaining the managing costs. The project manager should be responsible to manage and evaluate the budget planings and costs planning.

Section 1

Handly Travel Co. Ltd Business Objectives

Business objectives are the aspects of a company, applying the objectives in performances to structure a complete project. The company decided to perform as per the objectives which are prepared by the cost management system.

Figure 1: Business objectives

(Source: MS Word)

User-centric product:

The company focused on the objective of serving modern travelers as per their choices and a better engagement process. Here the company can apply the process of ‘Special Interest Tourism for providing better services to attract more travelers.

Upgrade travel planning and enhance customer satisfaction:

To attract travelers the company can approach them by viewing cultural activities so it will be helpful to the company to provide appropriate services and accommodations (Abazajian, et al 2019). To provide better information about traveling, booking, and other activities the company can use technical software where people can able to know all the necessary information easily.

Generate appropriate revenue:

The company also needs to focus on earning revenues by providing efficient service quality.

A number of crucial components of the Handy Travel Application Development Project need diligent planning and implementation. The deliverables, restrictions, presumptions, Work Breakdown Structure (WBS), and Quality Control Plan components are all examined in this research.

Deliverables

The Handy Travel Application is the culmination of the project's deliverables, which span a broad spectrum of results. Both the app's tangible parts and related functionality are included in these deliveries. The main output is a mobile application that works flawlessly on smartphones and tablets running Android and iOS and is completely functioning. The purpose of this program is to give consumers a simple, user-friendly interface that makes scheduling, making reservations, and managing travel easier. Registration of users and profile management, trip planning instruments, location information, itinerary building, ratings and reviews, travel notifications, social network communication, and analytics are just a few of the functions that are provided.

Limitations and Hypotheses

The scope and execution of the project may be restricted for a number of reasons. The six-month timetable is a major restriction, needing efficient project leadership to achieve deadlines. The budget forecast for AUD$XXX additionally highlights budgetary constraints (Blocher, et al 2019). The easy incorporation of external APIs and services from third parties is one of the beliefs, presuming technical compatibility. Additionally, the assumption of user acceptance is predicated on effective advertising activities, whereas the premise of ease of use is necessary to retain customers.

WBS: Work Breakdown Structure

The project is divided into three tiers of tasks using the structure of the work breakdown (WBS), which ensures organization and clarity. The first phase, referred to as "Project initiation," entails duties like establishing the project's scope and carrying out market research. Creating user narratives and case studies is part of the second stage, "Analysis and planning," which also involves determining the target market and user personas. "Design and user knowledge," the third level, includes user research, wireframe development, interface layout, and continuous enhancement.

Figure 2: Work Breakdown Structure

(Source: Self-Created in MS-Project)

Plan for quality control

To guarantee constant project performance, the Quality Management Plan includes essential elements. Regular evaluation and compliance to industry standards will be used to maintain quality. Regular evaluation, review of code, and evaluations of user acceptance are all part of the quality assurance process. Wireframes (3.2), user interface design (3.3), and system testing (4.10) are the three work IDs that have been designated for assurance of quality tasks. The quality management strategy will be upheld through the use of quality management tools including test automation framework and code analysis tools. These instruments will check areas of security, usability, and function.

In conclusion, a number of outcomes, presumptions, and restrictions form the foundation of the Handy Travel App Development Project (Gasemagha & Kowang 2021). The undertaking's dedication to achievement is demonstrated by the careful job organization provided by the Structure for Work Breakdown and the extensive quality control Plan. The Handy Travel Applications attempts to deliver an engaging, user-centered trip by employing these ideas and tactics.

Quality Management Plan

A perfect quality management plan is the key point that helps to complete the project aim. A project manager is responsible to provide and fabricating a perfect management plan. The management plan contains the overall activities of the project with an appropriate cost budget planning for the particular project.

Developing a Quality Management Plan

Quality management gets successful when the plan is understandable to the company employees. The manager can get an effective project result by providing quality services to meet the project budget aspects and factors (Hasan & Rasheed 2019). To execute the quality management plan the manager needs to perform in order to the objectives that are executed by the management system. To execute the preferred plans management need to create a better communication system with a quick response.

Section 2: Project Scheduling

Critical Path Analysis

In Section 2 of the case study, conducting a critical path analysis and applying the 3-point estimate technique is essential for developing an estimated project schedule. The critical path analysis involves identifying the sequence of activities that determine the project's overall duration (Tereso, et al 2019). By considering the optimistic, most likely, and pessimistic estimates for activity durations, the 3-point estimate technique helps in assessing the range of possible outcomes and managing uncertainties.

The Handy Travel Co. Ltd. mobile app development project requires the detection of important tasks such as app UI design, API integration, and app store submissions. utilizing the formula E = (O + 4M + P)/6, the weighted average estimate (E) is created by utilizing the optimistic estimate (O), the most possible estimate (M), and the pessimistic estimate (P) to apply the 3-point estimate approach to these activities.

The above approach offers a more accurate assessment that takes into account any changes in activity durations. The anticipated project timeline may be created by studying the critical path and using the 3-point estimate approach (Hrytsenko et al., 2021). This timetable will aid in efficient resource allocation, time management, and the detection of possible bottlenecks. For an understanding of how the predicted project schedule is created, it is crucial to present the critical path analysis procedure and the use of the 3-point estimate approach. This ensures that the project remains on schedule, that resources are used effectively, and that possible delays are recognized and prevented.

Cost Management Approach

This part is the explanation of approaching cost management plans to maintain a project budget perfectly. The project analyst has applied the cost account with the Work Breakdown Structure WBS analysis process to maintain the cost budget of projects (O'Cathain, et al 2019). The cost management process will be done at the fourth level of the WBS system.

Developing a project budget

The project budgeting process is based on future aspects which the cost management prepares with some present figures and assumed figures. Project management preferred two processes to develop project budget plans. The first budget is ‘Estimate cost which is used to understand the total estimated costs needed to justify a new project with a preferable profit percentage that can earned by the project. The second budget process is ‘Determine budget which is mostly similar to the first budget (Leal Filho, et al 2019). The determined budget process is a complete budget with the cash flow estimation and cost preparation by maintaining cost aggregation with a result of various levels of expected budget performances.

project management tools, techniques, and practices

The preferable tools that can be applied in analyzing the cost budget of a project are ‘Individual activities, ‘Work packages, ‘Deliverables, and The final project. The four levels of preparing a cost budget should be analyzed to evaluate the budget outcomes. The budget manager has the responsibility to maintain the cost according to the analyzed budget.

Earned Value Method

The common tool that is used to determine the cost budget is the earned value method (EVM) which helps to prepare an efficient project budget. The process is used to determine the expected return for investing in a project. The process also helps to know and understand the cost variance (CV) of a project.

Cost management planning component

Some cost management planning components can help to manage the financial records and suggest spending the cost budget. There are many types of management components that are mentioned below

Measurement Units

This part helps to measure the cost while working on a project. To maintain the preferred cost budget the company can plan to measure the financial aspects.

Percentage Completion Method

This planning method helps the manager to understand the project aspects perfectly (Stanitsas, Kirytopoulos & Leopoulos 2021). This method explains the costs of specific variants that are used in the project separately. The manager can control the cost by viewing each percentage of the cost variances.

Time Schedule

Figure 3: Time Schedule

(Source: Self-Created in MS-Project)

References

Journals

• Abazajian, K., Addison, G., Adshead, P., Ahmed, Z., Allen, S. W., Alonso, D., ... & Namikawa, T. (2019). CMB-S4 science case, reference design, and project plan. arXiv preprint arXiv:1907.04473. Retrieved from: https://arxiv.org/abs/1907.04473 [Retrieved on 28.07.23]
• Blocher, E. J., Stout, D. E., Juras, P. E., & Smith, S. (2019). Cost Management (A Strategic Emphasis) 8e. McGraw-Hill Education. Retrieved from: http://ecommerce-prod.mheducation.com.s3.amazonaws.com/unitas/highered/changes/blocher-cost-management-8e.pdf . [Retrieved on 28.07.23]
• Gasemagha, A. A., & Kowang, T. O. (2021). Project manager role in project management success. International Journal of Academic Research in Business and Social Sciences, 11(13), 1345-1355. Retrieved from: http://eprints.utm.my/id/eprint/96768/1/TanOweeKowang2021_ProjectManagerRoleinProjectManagementSuccess.pdf [Retrieved on 28.07.23]
• Hasan, A. N., & Rasheed, S. M. (2019). The benefits of and challenges to implement 5D BIM in construction industry. Civil Engineering Journal, 5(2), 412. Retrieved from: https://core.ac.uk/download/pdf/267923579.pdf [Retrieved on 28.07.23]
• Hrytsenko, L., Boiarko, I., Tverezovska, O., Polcyn, J., & Miskiewicz, R. (2021). Risk-management of public-private partnership innovation projects. Marketing i menedžment innovacij, (2), 155-165. Retrieved from: https://www.zbw.eu/econis-archiv/bitstream/11159/6840/1/1796165816_0.pdf [Retrieved on 28.07.23]
• Leal Filho, W., Skanavis, C., Kounani, A., Brandli, L. L., Shiel, C., do Paco, A., ... & Shula, K. (2019). The role of planning in implementing sustainable development in a higher education context. Journal of Cleaner Production, 235, 678-687. Retrieved from: https://www.sciencedirect.com/science/article/abs/pii/S0959652619322991 [Retrieved on 28.07.23]
• O'Cathain, A., Croot, L., Duncan, E., Rousseau, N., Sworn, K., Turner, K. M., ... & Hoddinott, P. (2019). Guidance on how to develop complex interventions to improve health and healthcare. BMJ open, 9(8), e029954. Retrieved from: https://bmjopen.bmj.com/content/9/8/e029954.abstract [Retrieved on 28.07.23]
• Stanitsas, M., Kirytopoulos, K., & Leopoulos, V. (2021). Integrating sustainability indicators into project management: The case of construction industry. Journal of Cleaner Production, 279, 123774. Retrieved from: https://www.sciencedirect.com/science/article/abs/pii/S0959652620338191 [Retrieved on 28.07.23]
• Tereso, A., Ribeiro, P., Fernandes, G., Loureiro, I., & Ferreira, M. (2019). Project management practices in private organizations. Project Management Journal, 50(1), 6-22. Retrieved from: https://www.sciencedirect.com/science/article/abs/pii/S0263786318304629 [Retrieved on 28.07.23]