Due Week 9 and worth 90 pointsImagine that you are employed as an IT project manager by a prestigious coffeemaker organization. This organization operates many coffee shops within the region and would like to promote its brand by creating a mobile application that will provide its customers with the ability to view the nearest coffee shop location within their geographical area. As a member of the software development team, you estimate a total project cost of $150,000. You have designated control points to measure project progress. At control point 2, the following data is available: Budget Cost of Work Performed $ 24,000 Actual Cost of Work Performed $ 27,500 There are various stakeholders that are interested in the progress of the project. These stakeholders include the marketing management team (internal customers), software designers, programmers, testers, and upper management. The software development team has attempted to release a mobile application of this magnitude in the past; however, lack of sponsorship, mobile development expertise, and technical infrastructure has limited the team’s success.Write a four to six (4-6) page paper in which you: Your assignment must follow these formatting requirements: The specific course learning outcomes associated with this assignment are: Purchase the answer to view it

Title: Analysis of IT Project Progress Measurement

Introduction:
In today’s rapidly evolving technological landscape, mobile applications have become an essential tool for businesses to enhance their customer experience and promote their brand. This paper focuses on a case study of a prestigious coffeemaker organization that aims to develop a mobile application to provide its customers with the ability to locate the nearest coffee shop within their geographical area. As an IT project manager, it is crucial to establish control points to measure project progress effectively. This paper aims to analyze the project progress measurement at control point 2 and discuss the key stakeholders involved in monitoring the project’s success.

Analysis of Project Progress Measurement:
At control point 2, the budget cost of work performed (BCWP) is found to be $24,000, while the actual cost of work performed (ACWP) is $27,500. BCWP represents the budgeted amount of work that has been completed, while ACWP represents the actual cost incurred for that completion. In this case, we observe that the actual cost exceeds the budgeted cost, indicating a cost overrun. This discrepancy requires further investigation to identify the reasons behind the increased costs and to take corrective actions.

The schedule variance (SV) can be calculated by subtracting the budgeted cost of work performed (BCWP) from the budgeted cost of work scheduled (BCWS). If we assume the BCWS at control point 2 to be $30,000, the SV can be calculated as follows: SV = BCWP – BCWS = $24,000 – $30,000 = -$6,000. This negative schedule variance indicates that the project is behind schedule, and the progress achieved is less than what was planned.

Another important performance metric is the cost variance (CV), which indicates the variance between the actual cost incurred (ACWP) and the budgeted cost of work performed (BCWP). If we assume the BCWP at control point 2 to be $24,000, the CV can be calculated as follows: CV = ACWP – BCWP = $27,500 – $24,000 = $3,500. A positive CV suggests that the project is performing better than anticipated in terms of cost control.

Key Stakeholders:
Various stakeholders have an interest in the progress and success of the mobile application development project. These stakeholders include the marketing management team, software designers, programmers, testers, and upper management.

The marketing management team, as internal customers, has a significant stake in the project’s success. They are responsible for promoting the brand and ensuring that the mobile application meets the organization’s marketing objectives. Therefore, they will closely monitor the project’s progress and assess its alignment with their marketing strategies.

The software designers and programmers are responsible for developing the mobile application. They will play a critical role in ensuring that the application meets the desired specifications and requirements. Their expertise and technical skills will be essential in the success of the project.

The testers will be involved in conducting rigorous testing to identify and rectify any bugs or issues in the application. Their feedback will be crucial in ensuring the quality and reliability of the mobile application.

Upper management, being responsible for overall strategic planning and decision making, will have a vested interest in the project’s success. They will monitor the project’s progress from a higher-level perspective and assess its alignment with the organizational objectives and long-term goals.

Conclusion:
In conclusion, effective project progress measurement is crucial for successful IT project management. The analysis conducted at control point 2 reveals a cost overrun and a negative schedule variance. These discrepancies require further investigation and corrective actions. Moreover, various stakeholders, such as the marketing management team, software designers, programmers, testers, and upper management, have a significant interest in monitoring the project’s progress and ensuring its success.

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