PPMP20015 Research in Project Management: Assignment 1 Critical Review

This report is a critical review of the significance of project cash flow in the context of large projects in Australia, undertaken for the PPMP20015 Research in Project Management course. The report begins with an executive summary, followed by an introduction that outlines the chosen research topic and its relevance. It presents a table of identified sources, summarizing a selected journal article by Campbell (2015) on the fair value of cash flow hedges, future profitability, and stock returns, and critically appraises its strengths and weaknesses. The appraisal highlights the clarity and organization of the article but notes the lack of a basic cash flow definition and a limited global perspective. Preliminary research questions are formulated based on the reviewed article, addressing issues related to unrealized cash flow and decision-making strategies. The report includes a personal reflection on the learning experience and concludes with a list of references. The assignment aims to provide a comprehensive understanding of project cash flow and its implications, particularly within the Australian context.

PPMP20015 – RESEARCH IN PROJECT MANAGEMENT
ASSIGNMENT 1
Critical Review Report
Unit Coordinator: Dr. Samer Skaik
Name: (Don’t Include Your Details In this Submission)
Student ID: Don’t Include Your Details In this Submission
5
DISCLAIMER:
PLEASE NOTE THAT THIS IS A SAMPLE ASSESSMENT TO BE USED FOR
INFORMATION PURPOSES ONLY. THIS ASSESSMENT IS SIMPLY PROVIDED
TO HELP YOU UNDERSTAND THE ASSESSMENT CRITERIA AND TRAIN
YOURSELF ON PEER ASSESSMENT. FOLLOWING THIS SAMPLE DOES IN NO
WAY MEAN THAT YOU WILL OBTAIN A HIGH GRADE.

TABLE OF CONTENTS
Executive Summary...........................................................................................................................................................2
1. Introduction.................................................................................................................................................................5
2. The table of identifed sources...................................................................................................................................5
4. Critical Appraisal.......................................................................................................................................................6
5. Preliminary Research Questions..............................................................................................................................7
6. Turnitin Similarity Report........................................................................................................................................7
7. Personal Reflection.....................................................................................................................................................7
8. Conclusion................................................................................................................................................................... 7
9. References....................................................................................................................................................................7
__________________________________________________________________________________________________
6

Executive Summary
This report sheds light on the topic Understanding the significance of project cash flow in
the context of large projects at Australia” which was one of the major concern for completion
of PPMP20015.
This report provides summary of one literary article that was most relevant to the topic.
This report also provides critical appraisal of the scholarly article that is being reviewed.
This report also provides research questions that helps in understanding properly the
scholarly articles. This report also provides a reflection on the topic.
.
7

1. Introduction
Topic that is selected for this report is “Understanding the significance of project cash flow in the context of large
projects at Australia” . This topic was selected by using the research topic generation tool which was provided with the
help of the resources available for the students who has undertaken PPMP20015. The chosen topic was selected as
the alignment of the project is compatible with the subject of researcher. Cash flow is an important topic, due to the
fact that each and every business as there will be a requirement of cash flow. This will lead to the fact that the
business processing will be performed with higher proficiency. Cash flow finds its requirements due to the fact that
business needs proper maintenance of appliance and bringing new innovation will be caused with the excess flow of
cash. This proves the importance of cash flow in the processing of better business planning.
2. The table of identified sources
Journal Articles
Keywords Significance of project cash
flow in major projects at
Australia
Cash Flow Methodology
used for completion of
large projects in Australia
Cash Flow
Modelling in
Australia
Cash flow
processes
involved in
the
processing of
large projects
in Australia
Citation Campbell, J.L., 2015. The fair
value of cash flow hedges,
future profitability, and stock
returns. Contemporary
Accounting Research, 32(1),
pp.243-279.
Götze, U., Northcott,
D. and Schuster, P.,
2015. Discounted Cash
Flow Methods.
In Investment
Appraisal (pp. 47-83).
Springer, Berlin,
Zayed, T. and
Liu, Y., 2014.
Cash flow
modeling for
construction
projects. Engine
ering,
Ofori, P.A.,
Twumasi-
Ampofo, K.,
Danquah,
J.A., Osei-
Tutu, E. and
Osei-Tutu,
8

Heidelberg. Construction
and
Architectural
Management, 2
1(2), pp.170-
189.
S., 2017.
Investigating
Challenges
in Financing
Contractors
for Public
Sector
Projects in
Australia. Jo
urnal of
Building
Constructio
n and
Planning
Research, 5(
02), p.58.
Retrieved
from
CQU library CQU library CQU Library CQU Library
3. Article Summary
Campbell, J.L., 2015. The fair value of cash flow hedges, future profitability, and stock returns. Contemporary
Accounting Research, 32(1), pp.243-279.
In this journal, author has examined the informations that are present in the content of the cash flow that is unrealized
in nature. Author has discusses about the potential gain in cash flow that might affect the business management in a
positive node. This report also discusses the fact that there might be potential loss in cash flow that might hurt the business
9

management that deals with the business processing in Australia. This journal also discusses about the profitability of the
stock shat is invested in the business management. This journal also puts in the point that when unrealized cash flow
increases which is due to the fact that the cost that s incurred in the business management proves the fact that the cost
incurred in the management has been increasing in an unexpected rate. This is considered as a negative source of
expenditure. This journal also considered cash flow in terminology of exchange in currency rate. In case a loss is suffered
due to exchange of currency rates it is considered as a negative sense. This journal as discusses the fact that having a gross
cash flow in a negative node is very general in business management. This journal also discusses the fact that uncalculated
cash flow has been affecting project management system in a negative way. This sudden change in cash flow leads to the
fact that an urgency of decision making is needed. This journal also helps in understanding the decision making strategies
namely FASB and SEC. This journal also helps in understanding the hypothesis development that plays an important role
in the processing of cash flow system. This journal also helps in proclaiming the research design and empirical design of
the cash flow system. This journal also helps in understanding the result of uncalculated cash flow, both in positive and
negative way.
4. Critical Appraisal
This journal is very well distinctive in nature, which leads to the fact that researchers who will be going through
this journal will understand the literature with utmost efficiency. Dividing the texts in sub parts helps the
researcher’s to understand do precise study of the journal. In case researchers want only certain parts to go through,
they can ho through the diversified sub pars that will help them in getting the desired article. This sectional break-up
of the context helps in proper understanding of the subject that helps in completion of the journal in an efficient
nature.
This journal also discusses about the issues that might affect the organization due to unplanned cash flow. This
journal also helps the researchers in understanding the techniques that might be implemented in order to mitigate
risks that are present in the processing of data management and planning process of the organization. This journal
also an important point like the reasons of un-structured planning that leads to a negative impact on the business
processing of the industry. This acts as one of the major plus point for this journal. This has also been the reason that
makes this journal a better and more impactful journal over others.
Despite all the advantageous it has, there is a major problem in this journal. This journal does not have a proper
10

indention, leading to the fact that this journal looks a bit less formal in nature. This leads to the fact that this journal
does not get a very high stature in the position in international market. Another gap that I have identified is that this
journal does not provide a basic definition of cash flow. This journal is mainly concerned with the cash flow
problems that are present in Australia. Global cash flow problems are not discussed in this journal. This is the reason
this boom does not find global importance.
5. Preliminary Research Questions
On analyzing the journal that is stated above these are the questions that can be discussed.
The preliminary research questions are:
- How can issues related to unrealized cash flow be mitigated?
- What are the issues that affect the organization due to unrealized cash flow?
- How to perform decision making with the help of strategies namely FASB and SEC ?
6. Turnitin Similarity Report
11

7. Personal Reflection
After going through the PPMP2015 section, I was highly benefitted due to the fact that I attained in depth
knowledge that helped me in understanding the basic terminologies of cash flow in large scale business present in
Australia. This also led to the fact that I got very well accustomed with the risks that might arise due to unplanned
cash flow. This journal also helped me in understanding the techniques that must be implemented in order to
complete project management with utmost efficiency. This project has also helped me in understanding the cash
flow methodologies that are used for completion of the project. I have also learned about the cash flow model, which
will help in understanding the major problems that might arise during the course of the project.
8. Conclusion
The critical review that I have performed on the topic of “Understanding the significance of project cash flow in the
context of large projects at Australia”. I have gone through 4 articles and all the 4 articles has been helpful for me.
________________________________________________________
9. References
Campbell, J.L., 2015. The fair value of cash flow hedges, future profitability, and stock returns. Contemporary Accounting
Research, 32(1), pp.243-279.
Götze, U., Northcott, D. and Schuster, P., 2015. Discounted Cash Flow Methods. In Investment Appraisal (pp.
47-83). Springer, Berlin, Heidelberg.
Ofori, P.A., Twumasi-Ampofo, K., Danquah, J.A., Osei-Tutu, E. and Osei-Tutu, S., 2017. Investigating
Challenges in Financing Contractors for Public Sector Projects in Australia. Journal of Building Construction
and Planning Research, 5(02), p.58.
Zayed, T. and Liu, Y., 2014. Cash flow modeling for construction projects. Engineering, Construction and
Architectural Management, 21(2), pp.170-189.
12

13