factors – Project plan

Introduction

Background

This project’s mission is to develop and market a free or very cheap web-application for easy Monte Carlo simulation-based tool for developing business cases that demonstrate the likely outcome of any investment with quantifiable probability.

References

ReferenceDescriptionLocation
Iteration plansLists detailed activities in each iteration.Link
Solution architectureDescribes the solution architecture.Link
Iteration reportsSummarizes completed iterations.Link

Revisions

VersionDescriptionPublished (yyyy-mm-dd)Publisher
Current planUpdated regularly.2020-11-05LU

Organization

Sponsor

NameInitialsPositionContact details
Lars UglebergLUOwner of UGLEBERG.dkSee UGLEBERG.dk

Steering commitee

Not needed.

Project team

The sponsor does all the work.

Project environment

Documents are created and published on the factors page.

Jira will be used to detail the iteration plans.

Stakeholders

StakeholderInterestCommunication
Future usersPrice, availability, easy of use.Progress reports and manuals published on the website.

News as tweets on Twitter.

Planning and execution

Iterations

IterationFocusStartFinish
#1 – OrganizePlan project and create initial document versions.11-202011-2020
#2 – OutlineDevelop process and use case models, establish information model, design constraints and design principles.11-202011-2020
#3 – DetailPrepare first set of use cases for development. Expect a focus on user registration, login, logout and user account management.11-202012-2020
#4 – BuildDevelop detailed use cases and prepare new use cases for next iteration, probably focusing on file management (files being synonymous with simulations).01-2021
#n – Build
#n – Institutionalize

Milestones

Not planned yet.

Releases

Not planned yet.

Monitoring

Not relevant (single-person project).

Reporting

Not relevant (single-person project).

Business case

A comparable product costs 1,200 USD including one year’s support, with mandatory annual support cost of 200 USD after the first year.

If factors is subscription-based, a monthly fee of 10 EUR means that using factors for five years costs about a third of using the comparable product.

Less then 10 subscribers covers the costs of keeping factors running.

Key performance indicators

Number of active subscriptions.

Risk management

Identified risks will be addressed by mitigating activities in subsequent iterations.

Risks

RiskDescriptionThreatCountermeasures
#1Web apps can’t access the user’s local file storage. Data must reside on the web server.Increases complexity in the user interface and web server design.Design and build a PoC in the outline phase that implements user registration, log in, log out and data storing in the web server database.

Problem management

Not relevant yet.

Problems

None.

Delivery management

Release management

For now, every release will go directly to the production environment. Later, this approach will be reconsidered.

Training and support

Not relevant yet.

Incident management

Not relevant yet.

Handover

Not relevant.