Get Instant Help From 5000+ Experts For
question

Writing: Get your essay and assignment written from scratch by PhD expert

Rewriting: Paraphrase or rewrite your friend's essay with similar meaning at reduced cost

Editing:Proofread your work by experts and improve grade at Lowest cost

And Improve Your Grades
myassignmenthelp.com
loader
Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

Attach file

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!
Free Quote
wave

In the course of this subject the student will be responsible for bridging theory and practice while undertaking a substantial body of work above and beyond their normal employment duties.  The student will prepare a daily log of their activities and present to the academic supervisor at fortnightly intervals.  The academic supervisor will then provide formative guidelines and feedback to the student so they can ensure the overall subject objectives are met.  

In preparing your assignment, ensure you include the following:

  • a daily log of activities as part of the project;
  • a description of the tasks that have been achieved on that day;
  • an explanation of the outcome and how it is related to the project; and
  • supporting commentary and reflection.  
Aim of the project

Corporate Database Development for First National Bank (FNB)

The aim of the project is to implement a corporate database at FNB and make sure that the employees adapt to the changes.

First National Bank (FNB) is one of the finest banks that are set up in the Midwest. The bank has been involved in purchasing small banks in Ohio. The expansion of the business operations and activities will lead to the requirements and involvement of increased number of data sets. It will be required to implement a corporate database in the bank.

  • The resources of the bank will be better utilized with the implementation of the corporate database.
  • The business services and operations will be streamlined leading to higher returns on investment.
  • The business risks and cost of business will come down leading to higher investor engagement and customer satisfaction levels.
  • To successfully implement the corporate database in the First National Bank
  • To migrate and manage the existing information and data sets in a secure manner
  • To adhere with the estimated schedule and budget for the project (Wearne, 2014)

First National Bank (FNB) is one of the finest banks that are set up in the Midwest. The bank has been involved in purchasing small banks in Ohio. The expansion of the business operations and activities will lead to the requirements and involvement of increased number of data sets. It will be required to implement a corporate database in the bank. The resources of the bank will be better utilized with the implementation of the corporate database. The business services and operations will be streamlined leading to higher returns on investment. The business risks and cost of business will come down leading to higher investor engagement and customer satisfaction levels (Teller, 2013).

The following tasks will be completed by the members of the project team:

  • Observation & Analysis of the Current System
  • Aims and Objectives Definition
  • Development of the Project Proposal
  • Meeting with Stakeholders
  • Project Approval
  • Risks Assessment and management
  • Scope Definition and Project Estimations
  • Change Management Planning
  • Resource Allocation
  • Security Planning & Communication Guidelines
  • Technical Infrastructure Analysis
  • Procurement of database and other tools
  • Designing of the database set-up
  • Setting up of the environment and infrastructure (Dalcher, 2015)
  • Network Compatibility and topologies
  • Database implementation
  • Syncing with other tools
  • Integration with BI tools
  • Migration of legacy data and systems
  • User access and permissions
  • Security Analysis
  • Trainings to the employees of FNB
  • Management of changes
  • Feedback and lessons learned
  • Performance ratings and measurement
  • Final documentation

The members of the project team will not negotiate with the vendors and supplier groups. The marketing tasks will also not be covered.

  • Project Proposal & Plan: The document covering the high-level and elaborated details of the project.
  • Migrated information sets: The data sets migrated from the legacy system to the new system.
  • Change Report: List and details of the changes made or to be made.
  • Minutes of Meetings: The notes on the daily and weekly project meetings.
  • Final Report: Completion report of the project.
  • Cost & Schedule Variance: These values will be calculated as per the Earned Value Analysis method and the project will be considered successful only when the values are not negative.
  • Employee Feedback: The feedback from the employees of FNB will be collected and shall be positive.
  • Performance Graphs: The database performance graphs will be obtained.
  • Return on Investment: The value of ROI will be calculated.

Resource Name

Work

Project Manager

112 hrs

   Aims and Objectives Definition

8 hrs

   Project Proposal

8 hrs

   Meeting with Stakeholders

8 hrs

   Project Approval

8 hrs

   Risks Assessment

8 hrs

   Scope Definition and Project Estimations

8 hrs

   Resource Allocation

8 hrs

   Security Planning & Communication Guidelines

8 hrs

   Procurement of database and other tools

16 hrs

   Feedback and lessons learned

16 hrs

   Performance ratings and measurement

16 hrs

Database Administrator

120 hrs

   Observation & Analysis of the Current System

8 hrs

   Database implementation

24 hrs

   Migration of legacy data and systems

32 hrs

   User access and permissions

16 hrs

   Management of changes

40 hrs

Data Analyst

32 hrs

   Migration of legacy data and systems

32 hrs

Database Expert

72 hrs

   Risks Assessment

8 hrs

   Change Management Planning

8 hrs

   Designing of the database set-up

16 hrs

   Syncing with other tools

24 hrs

   Integration with BI tools

16 hrs

Technical Expert

56 hrs

   Technical Infrastructure Analysis

8 hrs

   Setting up of the environment and infrastructure

16 hrs

   Network Compatibility and topologies

16 hrs

   Integration with BI tools

16 hrs

Security Analyst

24 hrs

   Security Planning & Communication Guidelines

8 hrs

   Security Analysis

16 hrs

Technical Writer

24 hrs

   Final documentation

24 hrs

Trainer

40 hrs

   Trainings to the employees of FNB

40 hrs

  • Information Security: The implementation of the corporate database will lead to enhanced security of the information sets.
  • Performance Growth: The performance and skill sets of the employees will be improved with the use of new tools.
  • The skill sets of the resources will be utilized in the project correctly.
  • The Project Manager will have the skills to utilize the resources in an optimum manner.
  • Project schedule and budget
  • Resource skills and competencies

ID

Name

Probability (01. To 1)

 Impact (1 to 10)

Score

Response

1

Resistance to Change

0.8

9

7.2

The risk to FNB corporate database project shall be treated and resolved with avoidance strategy.

2

Information Security Attacks

0.9

10

9

The risk to FNB corporate database project shall be treated and resolved with mitigation & avoidance strategy.

3

Communication Gaps

0.5

7

3.5

The risk to FNB corporate database project shall be treated and resolved with avoidance strategy.

4

Schedule/Budget Overrun

0.4

8

3.2

The risk to FNB corporate database project shall be treated and resolved with avoidance strategy.

5

Quality Issues

0.2

9

1.8

The risk to FNB corporate database project shall be treated and resolved with avoidance strategy (Atkinson, Crawford, & Ward, 2006).

6

Legal Obligations

0.2

10

2

The risk to FNB corporate database project shall be treated and resolved with avoidance strategy.

7

Technical Failures

0.5

6

3

The risk to FNB corporate database project shall be treated and resolved with transfer strategy.

8

Ethical Issues

0.2

9

1.8

The risk to FNB corporate database project shall be treated and resolved with avoidance strategy.

9

Operational Mistakes

0.6

5

3

The risk to FNB corporate database project shall be treated and resolved with avoidance strategy.

10

Resource Risks – Unavailability, performance issues

0.4

7

2.8

The risk to FNB corporate database project shall be treated and resolved with avoidance strategy.

The work breakdown structure for the project is as shown below.

WBS

Task Name

1

Corporate Database Development

1.1

   Initiation

1.1.1

      Observation & Analysis of the Current System

1.1.2

      Aims and Objectives Definition

1.1.3

      Project Proposal

1.1.4

      Meeting with Stakeholders

1.1.5

      Project Approval

1.1.6

      Milestone 1: Project Proposal

1.2

   Planning

1.2.1

      Risks Assessment

1.2.2

      Scope Definition and Project Estimations

1.2.3

      Change Management Planning

1.2.4

      Resource Allocation

1.2.5

      Security Planning & Communication Guidelines

1.2.6

      Technical Infrastructure Analysis

1.2.7

      Milestone 2: Project Plan

1.3

   Execution

1.3.1

      Procurement of database and other tools

1.3.2

      Designing of the database set-up

1.3.3

      Setting up of the environment and infrastructure

1.3.4

      Network Compatibility and topologies

1.3.5

      Database implementation

1.3.6

      Syncing with other tools

1.3.7

      Milestone 3: Corporate Database

1.4

   Implementation & Control

1.4.1

      Integration with BI tools

1.4.2

      Migration of legacy data and systems

1.4.3

      User access and permissions

1.4.4

      Security Analysis

1.4.5

      Milestone 4: Migrated data sets

1.5

   Closure

1.5.1

      Trainings to the employees of FNB

1.5.2

      Management of changes

1.5.3

      Feedback and lessons learned

1.5.4

      Performance ratings and measurement

1.5.5

      Final documentation

1.5.6

      Milestone 5: Completion Report

WBS

Task Name

Duration

1

Corporate Database Development

61 days

1.1

   Initiation

22 days

1.1.1

      Observation & Analysis of the Current System

1 day

1.1.2

      Aims and Objectives Definition

1 day

1.1.3

      Project Proposal

1 day

1.1.4

      Meeting with Stakeholders

1 day

1.1.5

      Project Approval

1 day

1.1.6

      Milestone 1: Project Proposal

0 days

1.2

   Planning

6 days

1.2.1

      Risks Assessment

1 day

1.2.2

      Scope Definition and Project Estimations

1 day

1.2.3

      Change Management Planning

1 day

1.2.4

      Resource Allocation

1 day

1.2.5

      Security Planning & Communication Guidelines

1 day

1.2.6

      Technical Infrastructure Analysis

1 day

1.2.7

      Milestone 2: Project Plan

0 days

1.3

   Execution

18 days

1.3.1

      Procurement of database and other tools

2 days

1.3.2

      Designing of the database set-up

2 days

1.3.3

      Setting up of the environment and infrastructure

2 days

1.3.4

      Network Compatibility and topologies

2 days

1.3.5

      Database implementation

3 days

1.3.6

      Syncing with other tools

3 days

1.3.7

      Milestone 3: Corporate Database

0 days

1.4

   Implementation & Control

10 days

1.4.1

      Integration with BI tools

2 days

1.4.2

      Migration of legacy data and systems

4 days

1.4.3

      User access and permissions

2 days

1.4.4

      Security Analysis

2 days

1.4.5

      Milestone 4: Migrated data sets

0 days

1.5

   Closure

17 days

1.5.1

      Trainings to the employees of FNB

5 days

1.5.2

      Management of changes

5 days

1.5.3

      Feedback and lessons learned

2 days

1.5.4

      Performance ratings and measurement

2 days

1.5.5

      Final documentation

3 days

1.5.6

      Milestone 5: Completion Report

0 days

First National Bank (FNB)

Project Sponsor

Details of the adaptability and resistance of the employees towards the change, project estimates, project progress status, project schedule & budget, major issues

Meetings: Weekly basis using teleconferencing tools

Updates and Notifications: Emails

Information Sharing: SharePoint location

Investors

The investors associated with FNB

Project benefits, release date, aims and objectives

Meetings: Weekly basis using teleconferencing tools

Updates and Notifications: Emails

Information Sharing: SharePoint location (Missonier, & Loufrani-Fedida, 2014)

Customers

The end-users and clients of FNB

Project benefits, release date, aims and objectives

Meetings: Weekly basis using teleconferencing tools

Updates and Notifications: Emails

Information Sharing: SharePoint location

Suppliers

The suppliers of the tools and equipment needed in the project

List of tools

Meetings: Weekly basis using teleconferencing tools

Updates and Notifications: Emails

Information Sharing: SharePoint location

Business Partners

The partners engaged with FNB (Shareholders)

Details of the adaptability and resistance of the employees towards the change, project estimates, project progress status, project schedule & budget, major issues (Koskinen, 2004)

Meetings: Weekly basis using teleconferencing tools

Updates and Notifications: Emails

Information Sharing: SharePoint location

Project Team

The core project team responsible for carrying out the project activities

Project requirements, project funds, business case, existing system details

Meetings: Daily basis using teleconferencing tools

Updates and Notifications: Emails

Information Sharing: SharePoint location

There will be several changes that may come up in the project in the form of project technological changes, changes in expectations of the client, changes in quality parameters, resource changes, etc.

Management of these changes will be essential to ensure that the project is successful. There will be a phased process implemented for managing these changes. The phases will include planning of the changes by developing change requests followed by execution of the changes. The changes will then be monitored and controlled. The change closure will then take place.

Executive Sponsor:

· First National Bank

· Responsible for providing the project team with Project requirements, project funds, business case, existing system details

· Communication availability

Project Key Contacts:

Project Manager

Name: Project Manager

Email: Emails Address

Phone: Phone Number

Review Process:

There will be daily meeting facilitated by the Project Manager with the project team members and weekly meeting with the stakeholders. The review processes will also be included in every project phase and will be conducted by the manager in association with project board and senior management. The review reports will be published and the improvement activities will be done accordingly.

Start Date:

17th September 2018

Completion Date:

9th December 2018

Executive Sponsor

Statement:

Name:

Signature & Date:

WBS

Task Name

Duration

Start

Finish

1

Corporate Database Development

61 days

Mon 17-09-18

Sun 09-12-18

1.1

   Initiation

22 days

Mon 17-09-18

Tue 16-10-18

1.2

   Planning

6 days

Wed 17-10-18

Wed 24-10-18

1.3

   Execution

18 days

Mon 22-10-18

Wed 14-11-18

1.4

   Implementation & Control

10 days

Tue 06-11-18

Mon 19-11-18

1.5

   Closure

17 days

Fri 16-11-18

Sun 09-12-18

Corporate Database Development for First National Bank project plan requires the company to design a corporate database and expects employees to adapt to it. In developing the project management plan, I possess both an analyst skill and managerial skills. Before framing the plan, the exact needs of the proposed system is to be framed. In doing so, various fact finding techniques can be used. In the given scenario, observations technique was used. Information was gathered on the basis of details given in the case study. I have good skills at finding out answers to three questions – What, How and When. I was able to figure out the root cause of problem. With respect to project management, I have skills pertaining to managing time and resources. Activities were broken into small manageable small tasks. Then on the basis of previously done projects, I was able to figure out the duration each of the tasks and then I also managed to find out which all activities can be done in parallel and in linear manner. The next task of resource allocation was also done proficiently because there should not be any resource conflicts. Managing resources in assigned deadline is the key behind every successful project.

I have studied Project Management as well in my course. Specifically, in project management I studied various aspects of Project Management from the perspective of PMBoK which is Project Management Body of Knowledge. It is among the most famous methodologies in project management and is being used across the world for various types of project. In the case for the database being developed for the First National Bank, the same project management principles shall be used. This is because, it’s a large and diverse project that will ultimately affect millions of users of the bank. The database has to be robust and reliable for it to perform its required functions. Within project management, specifically, the theory that shall be used extensively would be areas of project management such as Stakeholder Management, Risk Management, Change Management, Resource, Time and Budget management among others. The theories for these respective areas needs to be strong so as to be put to use for such a task. Apart from that, my theories of Database Management Systems shall also be put to use. DBMS is an active interest area particularly because all kinds of software and systems require database and a thorough understanding of the intricacies of database management will help in the development of this project.

References

Atkinson, R., Crawford, L., & Ward, S. (2006). Fundamental uncertainties in projects and the scope of project management. International Journal Of Project Management, 24(8), 687-698. doi: 10.1016/j.ijproman.2006.09.011

Dalcher, D. (2015). Going Beyond The Waterfall: Managing Scope Effectively Across the Project Life Cycle. Project Management Journal, 46(1), e2-e2. doi: 10.1002/pmj.21475

Koskinen, K. (2004). Knowledge Management to Improve Project Communication and Implementation. Project Management Journal, 35(2), 13-19. doi: 10.1177/875697280403500203

Missonier, S., & Loufrani-Fedida, S. (2014). Stakeholder analysis and engagement in projects: From stakeholder relational perspective to stakeholder relational ontology. International Journal Of Project Management, 32(7), 1108-1122. doi: 10.1016/j.ijproman.2014.02.010

Sul, W., Yeom, H., & Jung, H. (2018). Towards Sustainable High-Performance Transaction Processing in Cloud-based DBMS. Cluster Computing. doi: 10.1007/s10586-018-2826-3

Teller, J. (2013). Portfolio Risk Management and Its Contribution to Project Portfolio Success: An Investigation of Organization, Process, and Culture. Project Management Journal, 44(2), 36-51. doi: 10.1002/pmj.21327

Turner, J. (2006). Towards a theory of project management: The nature of the project governance and project management. International Journal Of Project Management, 24(2), 93-95. doi: 10.1016/j.ijproman.2005.11.008

Wearne, S. (2014). Evidence-Based Scope for Reducing “Fire-Fightingâ€Â in Project Management. Project Management Journal, 45(1), 67-75. doi: 10.1002/pmj.21395

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Corporate Database Development Essay For FNB.. Retrieved from https://myassignmenthelp.com/free-samples/proj6016-employer-based-project/corporate-database.html.

"Corporate Database Development Essay For FNB.." My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/proj6016-employer-based-project/corporate-database.html.

My Assignment Help (2021) Corporate Database Development Essay For FNB. [Online]. Available from: https://myassignmenthelp.com/free-samples/proj6016-employer-based-project/corporate-database.html
[Accessed 22 June 2024].

My Assignment Help. 'Corporate Database Development Essay For FNB.' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/proj6016-employer-based-project/corporate-database.html> accessed 22 June 2024.

My Assignment Help. Corporate Database Development Essay For FNB. [Internet]. My Assignment Help. 2021 [cited 22 June 2024]. Available from: https://myassignmenthelp.com/free-samples/proj6016-employer-based-project/corporate-database.html.

Get instant help from 5000+ experts for
question

Writing: Get your essay and assignment written from scratch by PhD expert

Rewriting: Paraphrase or rewrite your friend's essay with similar meaning at reduced cost

Editing: Proofread your work by experts and improve grade at Lowest cost

loader
250 words
Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

Attach file

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Plagiarism checker
Verify originality of an essay
essay
Generate unique essays in a jiffy
Plagiarism checker
Cite sources with ease
support
Whatsapp
callback
sales
sales chat
Whatsapp
callback
sales chat
close