Diploma of Project Management Assignment
Added on 2021-05-31
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Assessment ToolQualificationBSB51415 Diploma of Project ManagementCluster number and name:PMD 2.1 Manager project cost Units of competency:BSBPMG512 Manage project costStudent’s ID and Full Legal Name:41823 – Shavneel Shavneet KumarAssessor’s name:AlanASSESSMENT INSTRUCTIONS OverviewPrior to commencing the assessments your assessor will explain each task and the terms andsubmission of your task. Please consult your assessor if you are unsure of any questions. It isimportant that you understand adhere to the terms and conditions and address each task. Theassessor will support you throughout this process.Written workThe assessment tasks are used to measure your understanding and underpinning skills andknowledge of this unit of competency. When answering please ensure you address each criteriaand sub point, demonstrate your research of each of the questions and cover the topic in a logicaland structured manner.Active participationIt is a condition of enrolment that you actively participate in your studies. Active participation iscompleting all tasks on time. If you do not participate you will be required to report to StudentServices Coordinator.PlagiarismPlagiarism is taking and using someone else's thoughts, writings or inventions and representingthem as your own. Plagiarism is a serious act and may result in a student’s exclusion from acourse. When you have any doubts about including the work of other authors in your assessment,please consult your trainer/assessor. The following list outlines some of the activities for whicha student can be accused of plagiarism: Presenting any work by another individual as one's own unintentionally Handing in assessments markedly similar to or copied from another student Presenting the work of another individual or group as their own work Handing in assessments without the adequate acknowledgement of sources used, includingassessments taken totally or in part from the Internet If it is identified that you have plagiarised within your assessment task, then we will organise ameeting to discuss this with you. Copyright You must be careful when copying the work of others. The owner of the material may take legalaction against you if the owner's copyright has been infringed. You are allowed to do a certainBSBPMG514 Assessment ToolVersion 1 18/03/2017Page 1 of 25
Assessment ToolQualificationBSB51415 Diploma of Project ManagementCluster number and name:PMD 2.1 Manager project cost Units of competency:BSBPMG512 Manage project costStudent’s ID:Assessor’s name:amount of copying for research or study purposes. Generally, 10% or one chapter of a book isacceptable, where the participant is studying with, or employed by, an educational institution.Competency OutcomesEach activity in this assessment tasks will be marked as either Satisfactory or Not Satisfactory. If your work is marked as Not Satisfactory you will be provided with feedback from yourassessor and then given time to complete the task. Your assessor will provide you with a timelinein which you will be required to submit your task. Resubmission timeline will be determined bythe assessor and based on the extent of the re-submission.When you have completed all tasks in this document you will be granted an overall competencyoutcome, which will be either Competent or Not Yet Competent. If your work is marked as Not Yet Competent you will be asked to resubmit the assessment tasksas indicated by your assessor. You will not be able to gain competency if any of your tasks arenot fully completed. Assessment Appeals ProcessIf you are dissatisfied with the outcome of one of the assessment tasks or the final outcome ofthe assessment task because you feel that the result is unfair or incorrect, you may request tohave the task/s or overall assessment task reviewed. If you are still dissatisfied with theoutcome, you may lodge a formal assessment appeal. Refer to SBTA’s Complaints/AppealsPolicy and Procedure.Application of the unitThis unit describes the skills and knowledge required to identify, analyse and refine project coststo produce a budget, and to use this budget as the principal mechanism to control project cost. Itapplies to individuals responsible for managing and leading a project in an organisation,business, or as a consultant.Assessment matrixELEMENTSPERFORMANCECRITERIAASSESSMENTTASKS1.Determine project costs1.1, 1.2, 1.3, 1.4Task 1, 2 2.Monitor and control project costs2.1, 2.2, 2.3, 2.4Task 1, 2 3.Complete cost-management processes3.1, 3.2, 3.3Task 1, 2 Performance Evidencework closely with others to determine resources againstbudgetary frameworksprepare a budget and cost-management plan for a projectmonitor costs across a project's life cycle including solvingTask 2 BSBPMG514 Assessment Tool Version 1 Issued 18/03/2017Page 2 of 25
Assessment ToolQualificationBSB51415 Diploma of Project ManagementCluster number and name:PMD 2.1 Manager project cost Units of competency:BSBPMG512 Manage project costStudent’s ID:Assessor’s name:cost variations and analysing possible alternativesrecord expenditure, create accurate financial reports andreview cost-management processes.KnowledgeEvidenceexplain appropriate budgeting processes, tools andtechniquesdescribe methods and tools for costing and cost analysisexplain strategies for managing costs and their application indifferent situationsoutline processes for reviewing costs against outcomessummarise key organisational policies and proceduresapplicable to this role.Task 1 FoundationSkills Reading, Writing, Oral Communication, Numeracy, Interactwith others and Get the work doneAll ActivitiesDimensionsofCompetencyTask skills, task management skills, communicationmanagement skills, analysis & problem solving skillsAll ActivitiesBSBPMG514 Assessment Tool Version 1 Issued 18/03/2017Page 3 of 25
Assessment ToolQualificationBSB51415 Diploma of Project ManagementCluster number and name:PMD 2.1 Manager project cost Units of competency:BSBPMG512 Manage project costStudent’s ID:Assessor’s name:Assessment task 1: Knowledge and Discussion QuestionsInformation to students:This assessment task will enable you to demonstrate your knowledge of:Determining project costMonitoring and controlling project cost Completing cost-management processes To complete this assessment task you are able to research your answers using books provided orthe Internet but your answers must be in your own words. At the end of this task your assessor will give you feedback. Your assessor will also check allyour answers; if your answers have been copied from other students from your current or otherclasses you will be required to resubmit this task again.Please clarify any questions which you do not understand fully with your trainer and assessorprior to you completing each question to ensure you are answering your questions correctly. Please note that this task is to be typed up when you are submitting the task for marking unlessspecified otherwise. Questions: Read all discussion points below in class with your colleagues and your trainer and assessor, andprovide answers to each question below. Answer guide: This assessment task is to be typed with 1 to 2 paragraphs per question or asdirected by individual questionsNote: you are able to use an example of a project from an organisation which you understandwell, a project for which you have previously completed an assessment for or a project that yourassessor will give you to complete this assessment task.1.1.It is important to understand different tasks and relevant activities within a project. Thefollowing questions will enable you to discuss resource requirements and demonstrate yourunderstanding and breakdown structure of a project, it’s different individual tasks, whatinput can be gained from relevant stakeholders and guidance from others that can bereceived. Read each point below, discuss and answer in your own words. BSBPMG514 Assessment Tool Version 1 Issued 18/03/2017Page 4 of 25
Assessment ToolQualificationBSB51415 Diploma of Project ManagementCluster number and name:PMD 2.1 Manager project cost Units of competency:BSBPMG512 Manage project costStudent’s ID:Assessor’s name:a.Give examples of resource requirements related to an organisation you understandwell or an organisation your assessor has provided you to research.Human resources needed for the project delivery includes Project Manager,Resource Manager, Business analyst, Supervisor, and staffs and employees, ITtechnician, Electricians, vendor of cloud services. The technical resources neededfor the deployment will be PCs, Routers, internet connection with high bandwidth,cables and online on-demand services such as application and softwareb.Discuss and list below individuals who may be able to provide you guidance whendetermining resource requirements of a project. Project Manager, Resource Manager, Business analyst, Supervisor, and staffs andemployees, IT technician, Electricians, and vendor of cloud servicesc.Discuss, list and provide examples of individual tasks and resources assigned to eachtask within a project so that costs can be determined. In your answer list each task andresources needed to successfully complete each task. (Guide: list minimum of 4 tasksor more) Task (breakdown steps of the task)Resources required to complete thistask successfully1. Phase 1: project Initiation1.1 Identification of the problem1.2 proposing solution1.3 analysing the feasibility of the cloudservices2. Phase 2: project Planning2.1 schedule estimation2.2 budget estimation2.3 vendor identification2.4 resources identification3. Phase 3: project execution 3.1 assigning roles and responsibilities3.2 assigning resources3.3 Deploying IT infrastructure3.4 Establishing network3.5 Hiring third party3.6 Utilizing on-demand services4. phase 4: monitoring and controlling4.1 auditing4.2 TestingBusiness analyst, Project manager, ITteam Project manager, resource manager andexecutivesProject manager, supervisor, ITTechnician, hardware, software, humanlaborIT technician, Project manager,BSBPMG514 Assessment Tool Version 1 Issued 18/03/2017Page 5 of 25
Assessment ToolQualificationBSB51415 Diploma of Project ManagementCluster number and name:PMD 2.1 Manager project cost Units of competency:BSBPMG512 Manage project costStudent’s ID:Assessor’s name:4.3 Identification of bugs and glitches4.4 Implementing changes5. Project Closure5.1 Documentation5.2 Project signoff5.3 lessons learnedSupervisor, testing toolsProject manager, other internalstakeholders1.2.It is important to estimate project costs to enable project budget to be prepared withinagreed tolerances. a.Discuss the following points in the table below and provide answers: Discussion pointsComments and answersWhat can a goodestimate clearlydefine?It will be clearly defining the accomplishment of the project,assumptions made, validity of the estimation, the cost that willbe expend in the projectWhat is consideredwhen estimatingproject costs?Indirect cost, direct cost, management reserves, contingencyreservesBefore starting theestimation ofproject costs, whatyou should ensurethat you havedone?Avoiding project cost overruns, feasibility of the financeestimated, labour, materials, equipment, services, software,hardware, facilities, contingency costsGive examples ofdifferent estimationtechniques andoutline methodsand tools forcosting and costanalysisThree Point Estimating, Parametric Estimating, Bottom upEstimating, Analogous EstimatingWhat costestimating rulesshould beconsidered?Rules of CERs (cost estimating relationships) thumb,analogies, parametric models b.Review the example project from question 1.1c) and outline the possible project costsusing one estimation technique you listed above.1. Phase 1: project Initiation5,500BSBPMG514 Assessment Tool Version 1 Issued 18/03/2017Page 6 of 25
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