The assignment provided is a case study on project management, focusing on a hypothetical project to repair three tanks in Western Australia. The project follows a waterfall approach, with tank 3 being completed first, followed by tank 2, then tank 1. The life cycle of the project includes requirement analysis and planning, project implementation, cleaning and repainting, project handover, resource release, and client sign-off. The success criteria include completing the project within budget, solving leakage problems, properly cleaning and painting tanks, and ensuring no accidents occur during the project.