BSBPMG512: Knowledge Assessment on Project Time Management

This document presents a comprehensive knowledge assessment on project time management, addressing key concepts and practical applications. The assessment includes multiple-choice questions and written tasks, covering topics such as Work Breakdown Structure (WBS) creation, project scheduling, schedule baseline tracking, milestone tracking, cost variance analysis, and the project execution phase. The assignment also delves into specific project management processes like defining activities, sequencing activities, estimating durations, and controlling schedules. Furthermore, the solution includes a practical application of time management principles through the development of a project schedule and WBS for a website redevelopment project for the National Archives of Australia. The student's response demonstrates a strong understanding of project management principles and their application in real-world scenarios.

Running head: KNOWLEDGE ASSESSMENT
Knowledge Assessment
National Archives of Australia
Name of the Student:
Student ID:
Name of the University:
Author’s note:

1KNOWLEDGE ASSESSMENT
Table of Contents
Knowledge Assessment-Written Tasks...........................................................................................2
Task 1- Project Time Management..................................................................................................9
Bibliography..................................................................................................................................25

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Knowledge Assessment-Written Tasks
1. Why do we use WBS for Project Management?
The project management is the analysis of the works dependent on the alignment of the
specific and smart alignment of the operations. The WBS stands for work breakdown structure
and it involves the development of the work and aligning the significant listing of functions. The
work breakdown structure would allow the division of the complete project into specific smaller
operations for ensuring that the implication of the works would be implied with the implication
and development. The WBS would be developed for ensuring the division of the smaller work
packages and it would allow the easy division of the works. The complete project would be
subdivided into smaller sub projects for ensuring the work division is aligned cohesively. The
division of the work would be helpful for ensuring the alignment of the specific work allocation
and development.
2. As a project manager, in which document do you track the schedule progress such as activities
completed, activities in program, actual start and finish dates, percentage complete, hours spent,
resource allocations, etc.
(a) Project Schedule
(b) Schedule Baseline
(c) Schedule Management Plan
(d) Schedule Network Diagram

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Answer: Schedule Baseline is helpful for keeping track of schedule progress by keeping
accounts of activities completed, activities in program, actual start and finish dates, percentage
complete, hours spent, resource allocations, etc.
3. What is project baseline and what does it include?
The project baseline can be defined as the implication for storing the scheduled values
estimated at the project planning method to act as a reference point.
The project baseline includes the values of schedule, cost, and resource usage that had
been estimated at the initial planning phase. It helps in keeping track of the project progress
enabling whether the project would be completed successfully.
4. Describe how to use milestone tracking as a means of measuring project progress.
The milestone tracking is helpful for enabling the use of tracking methods like checklist,
documentation, and log books for analyzing the progress of the project. The milestone
identification would be done considering the practical perspective of the work. The achievement
of the specific points would be dependent on the alignment of the works and formation of the
smart work development and alignment of the successive work development. The use of the
milestone tracking would be helpful for defining the project milestones, overseeing the project
progress, and identifying the project status. The completion of the project activities would be
implied with the listing of the activities and forming the utilization and information listing for the
operations.
5. What is the percent complete approach to measuring project progress?

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The project progress would be completed with the formation and listing the application
management. The percent complete approach would be effectively measures with the formation
of the works and allocation of the smart management works. The complete approach would be
implied with the functional listing of the works. The project progress would be effectively
implied with the continuation of the works and development of the implied management works.
The measurement of the project progress would be implied with the continuation management.
The completion of the project would be effectively managed with the utilization management
formation. The measurement of the project progress would be implied for the successful listing
of the alignment management.
6. What is cost variance?
The cost variance is the value difference between the cost’s actual management and the
budgeted amount of utilization. The cost variance calculation would be aligned with implication
management and utilization of the factors. The completion of the smart and effective
management would be implied with the listing of the cost variance calculation. The cost variance
calculation would be required for aligning the management of the information and taking care of
the conceptive management of the works. The calculation of the cost variance is done by
subtracting actual cost from earned value.
CV=EV-AC
Hence, for over budgeted projects, CV would be negative whereas under budgeted
project would have positive value. The value ‘0’ of CV would be helpful for ensuring that the
project final budget and estimated budget is same.
7. What happens during execution phase of the project?

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The execution phase is characterized by the use of the proper documents like project
charter, schedule, resource usage, cost budget, risk management plan, and design for achieving
the final output of the project. The development of the works would be effectively implied with
the continuation of the effective work experience. The execution phase involves the
simplification of the improved work experience for forming the utilization management. The
formation of the works would be supported by the utilization of the works and formation of the
smart work development. The project execution would be aligned with the formation of the
implication management. The project execution would be effectively implied for taking care of
the factors for managing the development model. The execution phase would be responsible for
executing the works and forming the successful implication of the works.
8. John is managing a project. The project is three quarters done when the site engineer reports
that due to inherent complexities in a certain task the deliverables would get delayed. This would
involve additional analysis and then implementation. He requests that this new work that was not
envisaged earlier be added to the scope and also the time be added to the schedule. You and the
site engineer have analyzed the impact of this change to cost and have written up a change
request approval from the change control board. Just today you have received approval from the
change control board – what should be the immediate course of action?
(a) Start Work immediately
(b) Ascertain the impact of this change to scope, schedule, and cost before making any change
(c) Perform Quality Assurance
(d) Make sure that the scope baseline and schedule baseline are update to reflect the approved
change before implementing the change

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Answer: (d) Make sure that the scope baseline and schedule baseline are update to reflect the
approved change before implementing the change
9. The project time management process consists of following seven processes:
a. Define Activities
b. Develop Schedule
c. Plan Schedule Activities
d. Sequence Activities
e. Estimate Activity Durations
f. Estimate Activity Resources
g. Control Schedule
The correct sequence is:
(a) a-b-c-d-e-f-g
(b) c-a-d-f-e-b-g
(c) b-a-c-d-e-f-g
(d) b-c-a-d-f-e-g
Answer: (b) c-a-d-f-e-b-g
10. The representation of the plan for executing the project’s activities including durations,
dependencies, and other planning information, used to produce project schedule along with other
scheduling artifacts is known as:

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(a) Schedule Compression
(b) Schedule Model
(c) Schedule Data
(d) None of the above
Answer: (b) Schedule Model
11. The method of estimating project duration or cost by aggregating the estimated of the lower-
level components of the WBS is known as:
(a) Alternative Analysis
(b) Bottom-up Estimating
(c) Parametric Estimating
(d) Three-point Estimating
Answer: (b) Bottom-up Estimating
12. During project execution, a work item has taken twice as long as the estimation. The
estimates were provided for by the Project Architect and an external consultant. The client has
asked if the deadline can be brought forward by a week. Which of the following actions can you
take?
(a) Use the triangle of constraints to understand and explain to the client that if the deadline is
brought forward the scope and/or cost will increase
(b) Analyze the risk and add it to the Risk Breakdown Structure

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(c) Use the Delphi Method to determine if this request can be accommodated
(d) Provide the client with the new schedule and communicate the risk of bringing forward the
deadline
Answer: (d) Provide the client with the new schedule and communicate the risk of bringing
forward the deadline
13. During a work breakdown structure meeting you have decomposed the deliverable into the
work packages and created your WBS dictionary. However, you now want to decompose the
work packages to assist you in estimating, executing, and control the project. These decomposed
work packages are called?
(a) Milestone
(b) Work packages can’t be decomposed into smaller units
(c) Activities
(d) Control Accounts
Answer: (c) Activities
14. As the project manager of a project, you needed to estimate certain activity duration before
team members were acquired. In acquisition of the project team, you find that the actual
competency levels of the acquired team members are much lower than what you had anticipated.
In such a case, you will:
(a) Make no changes to the schedule

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(b) Make changes to the activity duration and schedule incorporating the changed competency
levels
(c) Inform the customer that the project is behind schedule
(d) Ask the project team members to meet the original schedule by putting in overtime if
required
Answer: (b) Make changes to the activity duration and schedule incorporating the changed
competency levels
15. A Project Manager has finalized scope baseline and started to define activities using
company’s templates and procedures. What is missing to complete the work?
(a) Organizational Process Assets
(b) Enterprise Environmental Factors
(c) Requirements documentation
(d) Activity List
Answer: (d) Activity List
Task 1- Project Time Management
a. Work Breakdown Structure
The work breakdown structure would allow the division of the complete project into
specific smaller operations for ensuring that the implication of the works would be implied with
the implication and development. The WBS would be developed for ensuring the division of the

10KNOWLEDGE ASSESSMENT
smaller work packages and it would allow the easy division of the works. The following diagram
would show the work breakdown structure for the project,

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Redevelopment of
Website for National
Archives of Australia
Initiation Phase Planning Designing Execution Testing and Monitoring Closing
Requirement
Analysis
Charter
Documentation
Submission of
documents
Sign off
Activity Scheduling
Listing of tasks
Completion of Plan
Plan Approval
Website Design
Platform Selection
UI Graphics are
made
Font is selected
Content is listed
Complete
Designing
Design Approval
UI is made
Functions are made
Website Database
is made
Website Domain is
bought
Privacy Policy is
made
Security functions
are made
Integration of work
functions
Complete Website
is made
Website Approved
Simulation
Alpha testing
Beta testing
Testing Completed
Website Domain is
fixed
Go Live of Website
Final
Documentation
Submission of
documents
Sign off
Closure