Project Management Assessment II Workbook - Old Farm House Business Case
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This workbook accounts for 40% of your final grade. The workbook has five topics, each topic is worth 80 points, adding up to 400 points. Your total point tally will be divided by ten to determine your grade.
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SOUTHERN CROSS UNIVERSITY ASSIGNMENT COVER SHEET For use with online submission of assignments Please complete all of the following detailsand then make this sheet thefirst page of each file of your assignment – do not send it as a separate document. Your assignments must be submitted as eitherWord documents or as .pdf documents. If you wish tosubmit in any other file format please discuss this with your unit assessor well before the assignment submission date. Student Name: Student ID No.: Unit Name: Unit Code: Tutor’s name: Assignment No.: Assignment Title: Due date: Date submitted: Declaration: I have read and understand the Rules Relating to Awards (Rule 3 Section 18 – Academic Misconduct Including Plagiarism) as contained in the SCU Policy Library. I understand the penalties that apply for plagiarism and agree to be bound by these rules. The work I am submitting electronically is entirely my own work. Signed: (please type your name) Date:
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Student Workbook for MNG91217 Project Management Assessment II This workbook accounts for 40% of your final grade. The workbook has five topics, each topic is worth 80 points, adding up to 400 points. Your total point tally will be divided by ten to determine your grade. For a detailed scoring table per question, please see the ‘Assessment 2 - Rubric’ under ‘Assessment Tasks and Submission’ > ‘Assessment 2 – The Workbook’.
Contents 1Topic 1: Project Management Introduction, Charter and kick-off.................................................4 1.1Project Selection Prioritization Matrix...................................................................................4 1.2Scope Overview (word limit: 150)..........................................................................................7 1.3Milestone Schedule and Deliverables....................................................................................8 1.4Initial Risk Identification.........................................................................................................8 1.5Resources Required...............................................................................................................9 1.6Initial Stakeholder Identification............................................................................................9 1.7Team Operating Principles.....................................................................................................9 1.8Lessons Learned.....................................................................................................................9 1.9Commitment........................................................................................................................10 2Topic 2: Communication plan, WBS, and RACI.............................................................................11 2.1Stakeholder Prioritization Matrix.........................................................................................11 2.2Project Communications Matrix..........................................................................................11 2.3Work Breakdown Structure.................................................................................................12 2.4The RACI chart.....................................................................................................................13 3Topic 3: Time management and Cost Management....................................................................14 3.1AoN......................................................................................................................................14 3.2Time estimation...................................................................................................................14 3.2.1Time estimation – Enumeration method.....................................................................15 3.2.2Time estimation – Two Pass method...........................................................................15 3.3Critical path..........................................................................................................................15 3.4Resource Loading.................................................................................................................15 3.5Gantt chart...........................................................................................................................16 3.6Resources and cost to activity..............................................................................................16 4Topic 4: Progress reporting scope change, and crashing.............................................................17 4.1Crashing your project...........................................................................................................17 5Topic 5: Risk management, and Quality management................................................................18 5.1Risk identification I...............................................................................................................18 5.2Risk identification II..............................................................................................................18 5.3Risk identification III.............................................................................................................18 5.4Quality tools.........................................................................................................................19
1Topic 1: Project Management Introduction, Charter and kick-off 1.1Project Selection Prioritization Matrix Project/Selection Criteria Potential Monetary Gain Success Probability Social Opinion Weight:5103Total Construction Project: International Hotel, Hawaii1055 505015115 Construction Project: Local Hotel, Brisbane864 406012112 Infrastructure Project: High Speed Rail – Sydney to Melbourne94533082499 Investment project: The Old Farm House7357701030135 Answer: Investment Project: The Old Farm house can be selected the most appropriate project to be proceed with.
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Old Farm House Business Case You have inherited a century old farm house and acreage in a rural area. You have visited the site and made an inspection. The house needs a great deal of repair work to get it marginally liveable. You have itemized the most important things that need to be done and estimated the time required as shown below. You plan to use this house for vacations and as a rental property through Airbnb. In fact, your work colleague as already expressed interest in staying over as soon as the property is finished. Your parents have sponsored you with a personal loan of $10,000, - that will give you enough money to buy the supplies and have a spending budget on help from a local contractor and two of his apprentices. You yourself have committed toworking 80 hours over your vacationto fix up the house, but you are terrible at carpentry and painting. Yourvacation of two weeksstarts on Monday the 1st of June, and you prefer to be present when the contractor is on site. Assume you, the contractor and his apprentices1all can work up to8 hrs per day, 5 days per week. You expect that within 2 years of renting the property you will have earned enough money to repay your parents. Each activity is to be performed by one person only. Continually ask yourself the question “when this is done, what else can I start now, or which things can I do at the same time?”. ResourcesCostNote Supplies needed$5,000 You$0Can do all jobs except carpentry and painting Contractor$125 per hourExpert in carpentry Apprentice I$60 per hourExpert in painting Apprentice II$40 per hourCan do all odd jobs (except carpentry and painting) Please note while working on this project, many assumptions are made that appear unrealistic, such as for example the wages, or constraints around who can do what. The main reason behind these decision has been to create an example that is easy for you to work on, while keeping it within small boundaries. The following List of Most Important Fixes and Project Customer Trade-Off Matrix are provided to you as background to the project; they are part of the Business Case. List of Most Important Fixes (not necessarily in order of schedule or priority): 1Purchase supplies 2Hang new curtains 3Repair wooden shutters 1For this case the contractor does not need to be present to have an apprentice working on site
4Paint shutters 5Hang shutters 6Repair wooden porch 7Paint porch 8Repair wooden floor 9Sand floor 10Refinish (paint) floor 11Paint ceilings 12Paint doors 13Paint interior walls 14Paint exterior walls 15Wash exterior windows 16Wash interior windows Project Customer Trade-off Matrix Old Farm HouseEnhanceMeetSacrifice Cost Cannot go over $10.000 Spend full budget to save time Schedule Save time (you are allowed to spend the full budget if it enhances time finished) Must finish in two weeks (10 business days) QualityMust meet ScopeMust meet 1.2Scope Overview The scope of the project is to repair the century old farm house and acreage and contribute my jobs and deliveries to make sure that the hose is suitable enough for staying. The estimated project timeline is 80 hours that is two weeks (10 business days) with five hours daily work except the weekends. The entire project needs to be delivered within this estimated timeline with a total investment of $10,000. This project will include various reconstruction and painting sectors emphasizing on the improvement of the existing architecture. This project will make sure that the reconstruction is delivered and managed throughout the project lifecycle and the farm house is ready for staying for the family.
1.3Milestone Schedule and Deliverables MilestoneCompletion Date Acceptance Criteria Stakeholder Judge Charter signed offSat 01-06-19Project passedContractor, sponsor (Parents) ShuttersTue 04-06-19 Shutters repairedTue 04-06-19 Shutters functioning properly sponsor (Parents) PorchWed 05-06- 19 Porch repairedWed 05-06- 19 Porch functioning properly Me FloorThu 06-06-19 Floor repairedThu 06-06-19Not any leakage or damage to floor Me PaintingMon 10-06- 19 Painting CompletedThu 06-06-19Paints look attractive Me, Sponsors WindowsTue 11-06-19 Windows repairedTue 11-06-19 Windows functioning properly Me Project completionTue 11-06-19 Farm house is suitable for family staying Sponsors, contractors 1.4Initial Risk Identification Project (Potential) RisksRisk OwnerContingency Plans Project timeline and budget escalation MeStrictly following the developed timeline Scope creepMe, contractorProper management and meeting the milestones
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Resources quality is not good enough for meeting project qualities ContractorContractor should be reliable Natural calamity, rains, or stormNone10% of the budget can be additionally kept in the contingency plan Apprentices not available for some days ApprenticesConsider the health of the apprentices and motivate them to complete the job within estimated time 1.5Resources Required Funding:Parents (10,000+10% as contingency plan) People:Contractor, apprentices, and me Equipment:General tools, painting tools, paint, lubricant, ladders and others Other:Logistic, wooden blocks, safety tools and suits, and others 1.6Initial Stakeholder Identification StakeholderInterest in ProjectPriority(High/Medium/Low) Manager (Me) Manage the project constraintsHigh Contractor Resources availability throughout the project lifecycleMedium Apprentices Delivering daily operational activitiesLow sponsors (Parents) Provide necessary funding for the project deliveryHigh 1.7Team Operating Principles Please list a minimum of three Team Operating Principles you believe are important for your project: We will respect each other throughout the project delivery Honesty will always be taken care of while discussing the project related updates and growth
We will take the responsibility of the issues and the problems faced throughout the project lifecycle and make sure that they have been solved after proper and effective communication 1.8Lessons Learned Please list a minimum of three Lessons Learned you believe can contribute to your project: The communication should be proper and effective with an assurance that the entire project details are being informed to every stakeholder and there is not any miscommunication. The project documentation will allow in tracking and manipulating the project objectives in manner to make sure the project delivery The project planning should be sophisticated and feasible in manner to meet the project constraints. 1.9Commitment Fill out the first column of the table below: SponsorDepartment / OrganisationSignature ParentsN/A<Please fill> Project ManagerDepartment / OrganisationSignature MeN/A<Please fill> Core Team Member/sDepartment/ OrganisationSignature ContractorN/A<Please fill> Apprentice ‘A’N/A<Please fill> Apprentice ‘B’N/A<Please fill>
2Topic 2: Communication plan, WBS, and RACI 2.1Stakeholder Prioritization Matrix Based on the project brief, examples from the book and your own interpretation, please identify as many stakeholders as possible. Rank their power, Interest, Influence, Impact, Urgency and legitimacy on a scale of 1 to 3 (1 = low, 2 = medium, 3 = high) and add them in column ‘Total’. Stakeholder: What is the stakeholder’s main interest?PowerInterestInfluenceImpactUrgencyLegitimacyTotal Priority (a score of 6-9 = low, 10 to 14 = medium, 15 to 18 = high)) Manager Manage the project33232215high Contractor Manage the project resources and deliveries22132111medium Apprentices Deliver operational activities as planned12323314 medium Family (Sponsors) Provide necessary funding33222214 medium Local community Accept the family in the community13231212 medium 2.2Project Communications Matrix Stakeholder Learn From Stakeholder Share With StakeholderTimingMethod Owner (responsible for communication) Manager Project managementContractorTwice a weekFace to faceManager Contractor Resource managementManagerTwice a week Face to faceManager Apprentices Operational deliveriesContractor In three days interval Face to faceManager Family (Sponsors)-ManagerTwice Face to faceManager Local community Livelihood including cleaning and sustainabilitySponsorOnce Face to face meeting Manager
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Figure 2: AON Diagram (Source: Created by Author) Post the interim step here. Save your work. You will post the final schedule under 3.4 Network Diagram with critical activities: Figure 3: Network Diagram (Source: Created by Author) 3.2Time estimation WBSTask NameDurationPredecess ors Explanation on duration 1Charter signed off0 hrsNo time will be required 2Purchase supplies8 hrsPurchasing can be done in eight hours 3Shutters8 hrsEntire shutter repairing will take eight hours 3.1Repair shutters4 hrs2 Shuttle repairing will have many operational activity including scraping, welding, and others 3.2Paint shutters2 hrs4Painting can be done in two hours 3.3Hang shutters2 hrs5 Shutters hanging can be accomplished by spending two hours 3.4Shutters repaired0 hrs6This is the milestone
4Porch12 hrsEntire porch repairing will take twelve hours 4.1Repair porch8 hrs2 Porch repairing will have many activities that will took eight hours to complete 4.2Paint porch4 hrs9Porch painting will be taking not more than four hours 4.3Porch repaired0 hrs10This is the milestone 5Floor20 hrs Floor repairing will be a time consuming activity and hence, it will take twenty hours 5.1Repair floor8 hrs2Floor repairing will include many activities 5.2Sand floor4 hrs13Sand floor will also take almost half day 5.3Refinish (paint) floor8 hrs14 Painting the floor always take long time then painting walls or windows and hence, eight hours will be required to do so 5.4Floor repaired0 hrs15This is milestone 6Painting28 hrs Painting will be the most time consuming phase throughout the project 6.1Paint ceilings8 hrs12Ceiling paintings need additional labour and time 6.2Paint doors4 hrs18 Door painting will consume half of the time then rest of the painting sections 6.3Paint interior walls8 hrs19 Interior walls will be major operation that will consume 8 hours 6.4Paint exterior walls8 hrs2,3,8 Exterior walls will be consuming same time as that of interior painting 6.5Painting Completed0 hrs21This is milestone 7Windows8 hrs 7.1Wash exterior windows8 hrs2,18,21 Washing will take time as there are windows in height and ground too 7.2Wash interior windows2 hrs2,19Interior windows will take less time 7.3Hang curtains0.75 hrs2,19,25 7.4Windows repaired0 hrs26This is milestone 8Project completion0 hrs26This is final milestone
3.2.1Time estimation – Enumeration method Post the interim step here. Save your work. You will post the final schedule under 3.4 3.2.2Time estimation – Two Pass method Post the interim step here. Save your work. You will post the final schedule under 3.4 3.3Critical path Identify the critical path in your project: The critical path in my project is B, G, H, I, J, K, and L:, and takes 44 hours
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3.4Resource Loading Old Farm house reconstruction Resources availableCodeCost per hour YouY$- ContractorC$125 Apprentice IA1$60 Apprentice IIA2$40 You + Apprentice IIY&2$40 Apprentice I + II1&2$100 Contractor + SonC&S$150 ScheduleACTIVITY PLANNEDPLANNEDRESOURC ESTARTDURATION Purchase supplies208Y Repair Shutters3.184Y&2 Paint Shutters3.2122A1 Hang Shutters3.3142A2 Repair porch4.1168Y&2 Paint porch4.2244A1 Repair floor5.1288Y&2 Sand Floor5.2364Y&2 Paint floor5.3408A1 Paint ceilings6.1488A1 Paint doors6.2564A1 Paint interior walls6.3608A1 Paint exterior walls6.4688A1 Wash interior windows7.1768C Wash exterior windows7.2848C Hang curtains7.3923C
3.5Gantt chart ScheduleACTIVITY PLANNEDPLANNEDRESOURC ESTARTDURATION Purchase supplies208Y Repair Shutters3.184Y&2 Paint Shutters3.2122A1 Hang Shutters3.3142A2 Repair porch4.1168Y&2 Paint porch4.2244A1 Repair floor5.1288Y&2 Sand Floor5.2364Y&2 Paint floor5.3408A1 Paint ceilings6.1488A1 Paint doors6.2564A1 Paint interior walls6.3608A1 Paint exterior walls6.4688A1 Wash interior windows7.1768C Wash exterior windows7.2848C Hang curtains7.3923C 3.6Resources and cost to activity Old Farm house reconstru ction Resou rces availa ble Co de Cos t per hou r YouY $ - Instruc tions: Contr actorC $ 125 To allocate a resource in column F, click the cell and choose the resource from the drop-down box. Appre ntice IA1 $ 60 To create the bar, insert a number "1" (without quotation marks) in the cell. Appre ntice IIA2 $ 40 You + Appre ntice II Y& 2 $ 40 Appre ntice I + II 1& 2 $ 100
Contr actor + Son C& S $ 150 ScheduleAC TI VI TY PL AN NE D PLAN NEDRE SO UR CE PERIOD (HOURS) ST AR T DURA TIONWeek 1 123456789101112131415161718192021222324252627282930313233343536373839 Purcha se supplie s 208 Y11111111 Repair Shutter s 3. 184Y& 21111 Paint Shutter s 3. 2122 A111 Hang Shutter s 3. 3142 A211 Repair porch 4. 1168Y& 211111111 Paint porch 4. 2244A11111 Repair floor 5. 1288Y& 211111111 Sand Floor 5. 2364Y& 21111 Paint floor 5. 3408A111111111 Paint ceilings 6. 1488A111111111 Paint doors 6. 2564A11111 Paint interio r walls 6. 3608 A111111111 Paint exterio r walls 6. 4688 A111111111 Wash interio r windo 7. 1 768C11111111
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4Topic 4: Progress reporting scope change, and crashing Go to blackboard and download the additional information needed for this topic. Go to ‘Assessment Tasks and Submission’ > ‘Assessment 2 – The Workbook’ > ‘Additional Info on the Old Farm House Business Case’ and locate ‘Additional Information WEEK 4’ Use the information contained therein as the foundation for this week’s Two-Pass AoN and Gantt chart. There is only one exercise this week, but it is a big one and will require some experimentation. Use the example provided to your advantage to understand the effects of crashing one or more activities in your project. 4.1Crashing your project Use the information provided in the updated information, your project brief and the requirements given in the Project Customer Trade-off Matrix, to optimize your project. Provide a newTwo-Pass AoN(including resource loading),Ganttchart, histograms andbudget graphbased on the crashed project.
5Topic 5: Risk management, and Quality management 5.1Risk identification I 1.Schedule and budget alteration 2.Non reliable resources 3.Ineffective management 4.Breaking of carpentry tools 5.2Risk identification II Risk Register Risk Description Impact (Descriptive) CategoryProbability (P) (1 to 10) Impact (I) (1 to 10) Score (P*I) Prevention Strategy Mitigation Strategy Breaking of carpentry tools Potential loss of time as work cannot be done Material, equipme nt and labour cost 3927Have a spare set of tools available at all times Have a small portion of the budget set aside to replace tools when necessary 1Schedule and budget alteration Overall budget and schedule of the project 5945 2Non reliable resources Quality of the project delivery 4832 3Ineffective management Failure of the project 3721 5.3Risk identification III Risk Description Impact (Descriptive) CategoryProbability (P) (1 to 10) Impact (I) (1 to 10) Score (P*I) Prevention Strategy Mitigation Strategy Breaking of carpentry tools Potential loss of time as work cannot be done Material, equipme nt and labour cost 3927Have a spare set of tools available at all times Have a small portion of the budget set aside to replace tools
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when necessary 1Schedule and budget alteration Overall budget and schedule of the project 5945Regular monitoring and auditing of the project Crash the project if required 2Non reliable resources Quality of the project delivery 4832Legal agreement with the contractor related to the resources Regular check before using the resources 3Ineffective management Failure of the project 3721Proper planning and using appropriate leadership and managerial attributes Regular monitoring and auditing of the project 5.4Quality tools Quality toolExplanation CharterProvides guidance for the project; establishes a rationale for the project; establishes a baseline for execution of the project. The Charter is important for my project in order to initially establish the work to be done, but also establish project boundaries – what won’tbe done. 1. ChecklistChecklist helps in comparing the ongoing project growth and the required deliveries those were meant to be delivered throughout the project lifecycle 2. Cause and effect diagram It will make sure to analyse and reflect on the different course of actions those could be taken due to certain uncewrtainties 3. Scatter diagramBetter analysis can be driven related to the data gathered on the ongoing progress and growth of the project with an assurance that the precautions can be taken against this.
Next, select three work packages from your project, and using the quality tools you have nominated above, explain how you would maintain its quality, as well as identify who is responsible for each quality tool: Project Deliverables Work Processes Quality Control Activities: Quality Assurance Activities: Quality Roles & Responsibilities: [Repair Porch][4.1]CharterEnsure that ONLY repairs are carried out as per Charter and agreed activities. This activity does not include modifying or improving porch. It is important to adhere to this to mitigate against scope creep. Owner to ensure repairs only are carried out. Contractor to ensure apprentices do not engage any additional work. 1. Paint exterior walls 6.4ChecklistChecking whether previous activities are being accomplished or not and they are meeting the dependencies of this activity Project Manager will have to complete this checklist 2. Hang curtains7.3Cause and effect analysis It will help in determining the possibilities of the actions being driven earlier and what are the modifications those are required in the present scenario The project manager and the owner will have to make sure that the results are in the favour of the project delivery and it can be delivered accordingly 3. Project completion 8.Scatter diagramIt will analyse the data related to the ongoing growth and development of the project and it must be assured that the project is lying under proper category to be delivered Contractor, project manager, and owner will have to evaluate the results and make sure that the project is under green area.
6Bibliography Kerzner, H. and Kerzner, H.R., 2017.Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Larson, E.W. and Gray, C.F., 2015. A Guide to the Project Management Body of Knowledge: PMBOK (®) Guide. Project Management Institute. Talman, J., 2018, August. Enhancing Teamwork in Group Projects by Applying Principles of Project Management. InInnovations in Teaching & Learning Conference Proceedings(Vol. 10, pp. 3-35).