Assessment - Submission Guidelines

BSBPMG522 –
March_2018
Assessment - Submission Guidelines
 All work must demonstrate a satisfactory standard of literacy (i.e. standard spelling and correct
grammar).
 All assessment tasks must be submitted via Moodle Submission Link by due date i.e., two weeks
after the receipt of assessment task details.
 Students are advised that extensions beyond the due date must be negotiated with the relevant
facilitator in advance.
 Marked assessments will be returned with written feedback comments in the Moodle website
within one week from the final submission date (at the end of the TERM).
 Resubmitted assessments must include the original corrected submission.
 Students are required to keep a soft copy of all work submitted.
 Please submit WORD files only
 Assessments not including this submission form or without student name will not be accepted
 Draft assessments will not be graded
 Read the following document, answer all the questions therein and
complete all tasks required.
Project Scenario: Open a new Fitness Studio in Sydney CBD
A group of investors GMSC Pty Ltd is launching a project to open a new Fitness Studio in
Sydney CBD. The CFO has sponsored this new project and you has appointed you as Project
Manager.
GMSC is currently operating a Vocational Institute but changes in legislation for the students
Visa applications are making the current market less and less profitable. GMSC is currently
using part of the Manning Building 5th and 2nd floor and will use to same premises to start
the new business.
After consulting the ASQA, GMSC agreed to complete the current business operations at the
end of 2018 Quarter 3.
The target for the new Fitness Studio is to serve people working in public and private offices
in the Central Station area, from Monday-Friday. Opening hours will be between 6 AM and 8
PM. The expected offer to the customers will be: Body Building, Pilates, Yoga, Zumba and
General Fitness.

BSBPMG522 – Undertake Project Work
The project team will file in advance a Permit Request to the Council and perform all the
preliminary tasks to be able to start the construction at the end of Q1. Final training is
expected to start in June 2019 and the Fitness Studio to start to operate in early July.
A preliminary estimation, based upon a similar project, has provided an estimation of 1.2
M$.
TASK 1: General Knowledge Questions:
1. Why is gathering requirements important in project management? Identify and
describe 5 reasons.
Gathering requirements is important in project management due to the
following reasons.
 Gathering requirements is needed to define the overall scope of the
project
 Gathering requirements is needed to understand the limitations of a
project
 Gathering requirements is needed to develop project schedule
 Gathering requirements is needed to develop project budget
 Gathering requirements is needed to estimate human resources
required for the project
2. People who are involved in or affected by project activities are? (underline the
correct response)
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BSBPMG522 – Undertake Project Work
a. project mangers
b. project stakeholders
c. project steering committee
d. organisational employees
3. Who could be the project sponsor? (underline the correct response)
a. a company financially supporting then project
b. a group of company stakeholders
c. a key stakeholder who is responsible for reporting on the outcomes of the
project
d. a key stakeholder who has developed the idea for the project and is
responsible to make funds available for the project
4. What are the benefits of Quality Assurance over Quality Control?
Quality Assurance provides guarantee that the quality standards will be met in
the project. On the other hand, quality control is mainly used to control the
quality of output of the project without absolute surety that the quality
standards will be met.
5. Sometimes it may be important to compress your project schedule. Describe two
techniques that could be applied to compress a project schedule. Clearly identify
why each might be required and what effect they will have on project
cost/time/quality,
Two techniques that can be used to compress a project schedule are explained
as follows.
Crashing – This technique involves assigning more resources to a work package
so that the task can be completed within a lesser duration than specified.
Fast Tracking – Fast tracking technique involves assigning some work packages
to be executed in parallel in order to save time and reduce the duration of the
overall project.
6. The project Control Change Process could require two approval points. Explain
the reason for this approach.
The main reason behind this approach is to ensure the change request is valid
in terms of the project requirements and also the changes are implemented as
per the requirement.
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BSBPMG522 – Undertake Project Work
7. What is the difference between residual risk and a risk contingency?
Residual risk is a type of risk that is acceptable for the project scope and it will
not have major impact on the project. On the other hand, risk contingency is
the plan to manage and handle a risk in case in occurs at a certain point during
the project.
8. A project expected duration is 12 months and the current budget (BAC) is
$240,000. The planned value profile for this project is linear (spending is the
same month after month). After seven months the project figures are: CPI=0.9,
SPI=0.95. Calculate the project Actual Cost (AC) after 7 months.
BAC = $240,000
CPI after 7 Months = 0.9
SPI after 7 Months = 0.95
Now, it is known that:
PV (Planned Value) = Planned Completion (%) * BAC
EV (Earned Value) = Actual Completion (%) * BAC
CPI = EV/AC
SPI = EV/PV
For this project, PV = 58.33% * 240000 = 140000
Now, dividing CPI by SPI,
CPI
SPI = EV / AC
EV / PV
CPI
SPI = PV
AC
0.9
0.95 =140000
AC
AC= 140000∗0.95
0.9
Hence, the actual cost (AC) after 7 months is $147,778.
TASK 2: Project Charter
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