Project Management | Assessment Task 1

Assessment Task 1 Cover Sheet
Student Declaration
To be filled out and submitted with assessment responses
 I declare that this task is all my own work and I have not cheated or plagiarised the work or
colluded with any other student(s).
 I understand that if I am found to have plagiarised, cheated or colluded, action will be taken
against me according to the process explained to me.
 I have correctly referenced all resources and reference texts throughout these assessment tasks.
Student name
Student ID number
Student signature
Date
Assessor declaration
 I hereby certify that this student has been assessed by me and that the assessment has been
carried out according to the required assessment procedures.
Assessor name
Assessor signature
Date
Assessment outcome S NS DNS Resubmission Y N
Feedback
Student result response
 My performance in this assessment task has been discussed and explained to me.
 I would like to appeal this assessment decision.
Student signature
Date
A copy of this page must be supplied to the office and kept in the student’s file with the evidence.
Strathfield College RTO: 91223 CRICOS Provider Code: 02736K

Assessment Task 1: Written Questions
Task summary
This is an open book test, to be completed in the classroom.
A time limit of 1 hour to answer the questions is provided.
You need to answer all of the written questions correctly.
Your answers must be word processed and sent to the assessor as an email attachment.
Required
 Access to textbooks and other learning materials
 Computer with Microsoft Office and internet access
Timing
Your assessor will advise you of the due date of this assessment.
Submit
 Answers to all questions
Assessment criteria
All questions must be answered correctly in order for you to be assessed as having completed the
task satisfactorily.
Re-submission opportunities
You will be provided feedback on their performance by the Assessor. The feedback will indicate if you
have satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed, the assessor will explain why, and provide you
written feedback along with guidance on what you must undertake to demonstrate satisfactory
performance. Re-assessment attempt(s) will be arranged at a later time and date.
You have the right to appeal the outcome of assessment decisions if you feel that you have been
dealt with unfairly or have other appropriate grounds for an appeal.
You are encouraged to consult with the assessor prior to attempting this task if you do not understand
any part of this task or if you have any learning issues or needs that may hinder you when attempting
any part of the assessment.
Strathfield College RTO: 91223 CRICOS Provider Code: 02736K

Written answer question guidance
The following written questions use a range of “instructional words” such as “identify” or “explain”,
which tell you how you should answer the question. Use the definitions below to assist you to provide
the type of response expected.
Note that the following guidance is the minimum level of response required.
Analyse – when a question asks you to analyse something, you should do so in detail, and identify
important points and key features. Generally, you are expected to write a response one or two
paragraphs long.
Compare – when a question asks you to compare something, you will need to show how two or more
things are similar, ensuring that you also indicate the relevance of the consequences. Generally, you
are expected to write a response one or two paragraphs long.
Contrast – when a question asks you to contrast something, you will need to show how two or more
things are different, ensuring you indicate the relevance or the consequences. Generally, you are
expected to write a response one or two paragraphs long.
Discuss – when a question asks you to discuss something, you are required to point out important
issues or features and express some form of critical judgement. Generally, you are expected to write
a response one or two paragraphs long.
Describe – when a question asks you to describe something, you should state the most noticeable
qualities or features. Generally, you are expected to write a response two or three sentences long.
Evaluate – when a question asks you to evaluate something, you should put forward arguments for
and against something. Generally, you are expected to write a response one or two paragraphs long.
Examine – when a question asks you to examine something, this is similar to “analyse”, where you
should provide a detailed response with key points and features and provide critical analysis.
Generally, you are expected to write a response one or two paragraphs long.
Explain – when a question asks you to explain something, you should make clear how or why
something happened or the way it is. Generally, you are expected to write a response two or three
sentences long.
Identify – when a question asks you to identify something, this means that you are asked to briefly
describe the required information. Generally, you are expected to write a response two or three
sentences long.
List – when a question asks you to list something, this means that you are asked to briefly state
information in a list format.
Outline – when a question asks you to outline something, this means giving only the main points,
Generally, you are expected to write a response a few sentences long.
Summarise – when a question asks you to summarise something, this means (like “outline”) only
giving the main points. Generally, you are expected to write a response a few sentences long.
Strathfield College RTO: 91223 CRICOS Provider Code: 02736K

Assessment Task 1 Instructions
Provide answers to all of the questions below:
1. Identify three cost estimation tools and explain how they are used.
Ans: Cost estimation stand out to be the method which is required for forecasting the project
scope defined in the scope. In other words, it can be stated as method of developing an
approximate cost required for completing the work (Kerzner 2017). There are mainly four tools
required for cost estimation like analogous estimation, parametric estimation and three points of
estimation.
Analogous estimation: It is the technique limited information about the project. The
technique does not provide a reliable estimatio (Meredith, Mantel Jr and Shafer 2017)n. It is
considered to be as one of the fastest but is minimum accurate technique. The technique is useful
at the time of fewer details.
Parametric estimation: It makes use of historical data needed for calculating the overall
cost. In addition, it makes use of statistical data (Fleming and Koppelman 2016). This makes use
of statistical relationship which exists in between data and variables.
Three-Point Estimation: The technique helps in reducing biases and any kind of
uncertainties at the time of estimating assumptions (Sutrisna, Ramanayaka and Goulding 2018).
It is helpful in reducing bias, uncertainty and any kind of risk from estimation.
2. Describe the purpose of critical path analysis.
Ans: Critical path analysis is known to be a project management technique which requires
complete mapping of each and every task. This stand out to be important in order to complete the
project. It is inclusive of amount of time required for finishing each of the activity and
dependencies on each and every activity (Rahman, Zaki and Husain 2019). It aims to set some
deadline for the project which is required for tracking the whole progress. Critical path analysis
helps in identifying sequence which is important and vital. It comprises of work plan right from the
beginning to finish. This also helps in identifying some of non-critical tasks. The whole idea of
critical path helps in understanding the completion of task in a project (Fitzpatrick 2016). It is
completely based on activities which cannot start until and unless finished.
Strathfield College RTO: 91223 CRICOS Provider Code: 02736K