PROJ 6002: Project Planning and Budgeting | My Assignment Tutor

PROJ6002_Assessment 2 brief_July 2019.docx Page 1 of 9 ASSESSMENT BRIEFSubject Code and TitlePROJ 6002: Project Planning and BudgetingAssessmentAssessment 2 – Cost and Quality Management Plans (2 parts)o Part A: Module Discussion Activityo Part B: Cost and Quality Management PlansIndividual/GroupPart A: IndividualPart B: Individual/GroupLengthPart A: 750 words/studentPart B: 1500 words/studentLearning OutcomesSuccessful completion of this assessment will result inachievement of the following subject learning outcomes:1. Evaluate and apply a range of project scope, cost andtime management planning techniques and practicesto address the needs of complex project briefs,including global, paying particular attention to issuesimpacting project outcomes.2. Present and justify budgetary and planning outcomesto a globally diverse range of stakeholders whorepresent competing interests in order to obtainagreement and commitment to action.3. Apply quality management planning tools andtechniques to achieve expected project outcomes.SubmissionPart A:Initial discussion by first half of Module 5.Response to peer by 11:55pm AEST/AEDT Sunday End ofModule 5Part B:By 11:55pm AEST/AEDT Sunday First Half of Module 6Weighting50% (Part A: 10%; Part B: 40%)Total MarksPart A: 10 marksPart B: 40 marks Context:Project Cost Management includes the processes of planning, estimating, budgeting, financing,funding, managing and controlling costs so that the project can be completed within the approvedbudget.PROJ6002_Assessment 2 brief_July 2019.docx Page 2 of 9Project Cost Management planning begins with the process of developing cost estimates. In thisprocess, a project manager is tasked with considering all types of costs likely to be incurred in thedifferent phases of a project. In addition, the project manager will consider the risks likely to affectcosts and any variations these risks may cause. This helps the project manager to make more reliableand usable cost estimates and ensure that any project budget variation due to unforeseencircumstances is mitigated as much as possible. Once the cost-estimation process has been fullycarried out for each project activity, the project manager then combines the costs to determine theproject budget. Finally, the project manager will consider the steps he or she will take throughout theproject to ensure that the actual expenditure is kept within the budget specified.Project Quality Management (PQM) includes the processes and activities of the performingorganisation that determine quality policies, objectives, and responsibilities so that the project willsatisfy the needs for which is was undertaken. PQM uses policies and procedures to implement, withinthe project’s context, the organisation’s quality management system and, as appropriate, it supportscontinuous process improvement activities as undertaken on behalf of the performing organisation.PQM works to ensure that the project requirements, including the product requirements, are met andvalidated.Project Quality Management planning is the process of identifying quality requirements and/orstandards for the project and its deliverables, and documenting how the project will demonstratecompliance with relevant quality requirements. The key benefit of this process is that it providesguidance and direction on how quality will be managed and validated throughout the project.Instructions:This assessment has two parts. Part A is Module Discussion Activity and Part B is Cost and QualityManagement Plans.For Parts A, each student will construct an initial discussion in approximately 500 words to respond tothe following questions and post on the relevant Module discussion activity by the first half of theModule.Each student will also provide constructive feedback/comment in 250 words to at least one fellowstudent discussion by the end of the Module. (Total 750 words for Assessment 2 Part A)Part A: Module Discussion ActivityDefining project quality and its association to project cost managementHow do you define quality in a project? Describe tools/techniques you think are a necessity forplanning a project’s quality management and how to implement them. Explain how the project costcan be affected by poor quality and give some examples from the given case study.Output:Part A – provide an initial discussion of 500 words by first half of Module 5. Respond to at least onefellow student discussion (Total 750 words for Assessment 2 Part A) by the end of Module 5.PROJ6002_Assessment 2 brief_July 2019.docx Page 3 of 9Part B: Cost and Quality Management PlansPart B – You will use the given case study to complete this part individually or in a group of 2-3 students.You will begin developing the cost management planning components of your Cost Management Planin Module 4. For this plan, you are responsible for developing the project cost estimate and a projectbudget baseline.In addition to your cost estimates and budget, include a 750 words to describe the processes, andtools and techniques you are using in your cost management plan, as well as justification of yourbudgetary plan. You can use the templates found in this module’s Learning Resources or a format ofyour own.In Module 5, you will develop the quality management planning components of your QualityManagement Plan. Refer to the learning resources and the template provided for guidance.The written portion of your quality management plan should consist of 750 words. You can use thetemplates found in this module’s Learning Resources or a format of your own.If you work in group, nominate a group leader within your group and this group leader will submitthe group assessment on behalf of the group.At the end of your assessment, you will individually, and anonymously, evaluate the contribution ofyour group members and yourself in this assessment, using the Group Contribution Form provided.On a scale of 1 to 10, rate yourself and then rate each of your fellow group members on theirperformance and contribution to this assessment. Individually submit the completed groupcontribution form on Blackboard.Output:Complete and submit your Cost and Quality Management Plans assessment (by the group leader)and group contribution form (individually) by the first half of Module 6.Learning Resources:Aaltonen, K., & Kujala, J. (2010). A project lifecycle perspective on stakeholder influence strategies inglobal projects. Scandinavian Journal of Management, 26(4), 381–397.AIMS (2015). What is Project Cost Management? Tools, Techniques and Processes for PMP & PMBOK| AIMS Lecture. Retrieved from https://www.youtube.com/watch?v=PflAkMayixMAinamo, A., Artto, K., Levitt, R. E., Orr, R. J., Scott, W. R., & Tainio, R. (2010). Global projects:Strategic perspectives. Scandinavian Journal of Management, 26(4), 343–351.Heldman, K. (2013). PMP Project Management Professional Exam Study Guide (7th ed.). Indianapolis,IN: Wiley. Chapter 5: Developing the Project Budget and Communicating the Plan Chapter 6: (up to ‘Analyzing Risks Using Qualitative Techniques’)Pensar, S. (2010, August 17). Five challenges in global projects. Retrieved fromhttps://www.itforbusiness.org/article/five-challenges-in-global-projects/PROJ6002_Assessment 2 brief_July 2019.docx Page 4 of 9Project Management Institute. (2017). A guide to the project management body of knowledge(PMBOK Guide®) (6th ed.). Newtown Square, Pennsylvania: Project Management Institute.Project Management Institute. (2013). A guide to the project management body of knowledge(PMBOK Guide®) (5th ed.). Newtown Square, Pennsylvania: Project Management Institute. Section 7.1: Plan Cost Management Section 7.2: Estimate Costs Section 7.3: Determine Budget Section 8.1: Plan Quality ManagementRodrigues, I., & Sbragia, R. (2013). The cultural challenges of managing global project teams: A studyof Brazilian multinationals. Journal of Technology Management and Innovation, 8. Retrieved fromhttp://www.jotmi.org/index.php/GT/article/view/1237Sahi, R. (2009). Managing Projects Across the Global Enterprise. Retrieved fromhttp://www.pmi.org/learning/managing-projects-global-six-challenges-6823Snyder, C. S. (2013). A project manager’s book of forms: A companion to the PMBOK guide (2nd ed.).Indianapolis, IN: Wiley. Document: Cost Estimating Worksheet Template Document: Cost Management Plan Template Document: Quality Management Plan TemplateWysocki, R. K. (2014). Effective Project Management: Traditional, Agile, Extreme (7th ed.).Indianapolis, IN: Wiley. Chapter 5, section ‘Estimating Cost’Document: Group Contribution FormAssessment Criteria:Submitted assessment will be marked using the Learning Rubric enclosed.Students’ contribution in the group assessment will be calculated from the submitted GroupContribution forms. This will then feed into each student’s assessment result.PROJ6002_Assessment 2 brief_July 2019.docx Page 5 of 9Learning Rubric: Part A – Module 5 Discussion Activity Assessment AttributesFail(0-49)Pass(50-64)Credit(65-74)Distinction(75-84)High Distinction(85-100)Identification andapplication of cost andquality managementplanning tools andtechniques60%Fails to identify or applycost and qualitymanagement planningtools and/or techniquesto address project briefsIdentifies and appliescost and qualitymanagement planningtools and/or techniquesto address project briefs.Identifies and appliescost and qualitymanagement planningtools and techniques toaddress project briefs.Identifies the issuesimpacting projectoutcomes.Identifies and applies arange of cost and qualitymanagement planningtools, techniques andpractices to addressproject briefs andidentifies the issuesimpacting projectoutcomes.Elaborates on theconsequences of theapplication of costmanagement tools tothe project.Critically evaluates andapplies a range of costand quality managementplanning tools,techniques and practicesto address project briefsand the issues impactingproject outcomes andsuccess.Elaborates on theconsequences of theapplication of costmanagement tools tothe project.Constructive feedbackto peers30%Fails to offer anyfeedback.No support orencouragement topeers.No awareness orsensitivity to diversityamongst peers.Offers feedback butrarely constructive oruseful.Feedback is not alwaysclear or specific to guidepeers.Little support orencouragement topeers.Offers feedback that issometimes constructiveor useful.Feedback is providedwith examples to guidepeers.Some support andencouragement topeers.Offers constructivefeedback regularly.Formulates the merits ofalternative ideas orproposals andcommunicates them topeers.Offers support andencouragement topeers.Always offers detailedconstructive feedbackthat is specific andappropriate.Expertly articulates themerits of alternativeideas or proposals andcommunicates themeffectively to peers.Provides expertassistance, support, and PROJ6002_Assessment 2 brief_July 2019.docx Page 6 of 9 Demonstrates littleawareness of and/orsensitivity to diversityamongst peers.Demonstrates somelevel of awareness ofand sensitivity todiversity amongst peers.Demonstrates a highlevel of awareness ofand sensitivity todiversity amongst peers.encouragement topeers.Consistentlydemonstrates a highlevel of awareness ofand sensitivity todiversity amongst peers.Use of academic anddiscipline conventionsand sources of evidence10%Poorly written witherrors in spelling,grammar.Demonstratesinconsistent use of goodquality, credible andrelevant researchsources to support anddevelop ideas.There are mistakes inusing the APA style.Is written according toacademic genre (e.g.with introduction,conclusion or summary)and has accuratespelling, grammar,sentence and paragraphconstruction.Demonstrates consistentuse of credible andrelevant researchsources to support anddevelop ideas, but theseare not always explicit orwell developed.There are no mistakes inusing the APA style.Is well-written andadheres to the academicgenre (e.g. withintroduction, conclusionor summary).Demonstrates consistentuse of high quality,credible and relevantresearch sources tosupport and developideas.There are no mistakes inusing the APA style.Is very well-written andadheres to the academicgenre.Demonstrates consistentuse of good quality,credible and relevantresearch sources tosupport and developappropriate argumentsand statements.Shows evidence ofreading beyond the keyreadingThere are no mistakes inusing the APA style.Expertly written andadheres to the academicgenre.Demonstrates expertuse of high-quality,credible and relevantresearch sources tosupport and developarguments and positionstatements. Showsextensive evidence ofreading beyond the keyreadingThere are no mistakes inusing the APA Style. PROJ6002_Assessment 2 brief_July 2019.docx Page 7 of 9Learning Rubric – Part B: Cost and Quality Management Plans AssessmentAttributesFail(0-49)Pass(50-64)Credit(65-74)Distinction(75-84)High Distinction(85-100)Knowledge andunderstanding ofCost and qualitymanagement60%Neglects one or moreelements of cost andquality managementplan.Key components of theassignment are notaddressed.Completes all elementsof cost and qualitymanagement plan.Resembles a recall orsummary of key ideas.Often conflates/confusesassertion of personalopinion with informationsubstantiated byevidence from theresearch/coursematerials.Elaborates all elementsof cost and qualitymanagement plan.Supports personalopinion and informationsubstantiated byevidence from theresearch/coursematerials.Demonstrates a capacityto explain and applyrelevant concepts.Elaborates all elementsof cost and qualitymanagement plan andidentifies the issuesimpacting cost andquality managementplanning as they effectproject outcomes.Discriminates betweenassertion of personalopinion and informationsubstantiated by robustevidence from theresearch/coursematerials and extendedreading.Well demonstratedcapacity to explain andapply relevant concepts.Critically evaluates allelements of cost andquality management planto address project briefand elaborates the issuesimpacting cost andquality managementplanning as they effectproject outcomes andsuccess.Systematically andcritically discriminatesbetween assertion ofpersonal opinion andinformationsubstantiated by robustevidence from theresearch/coursematerials and extendedreading.Mastery of concepts andapplication to newsituations/furtherlearning.Use of academic anddisciplinePoorly written witherrors in spelling,grammar.Is written according toacademic genre (e.g.with introduction,Is well-written andadheres to the academicgenre (e.g. withIs very well-written andadheres to the academicgenre.Expertly written andadheres to the academicgenre. PROJ6002_Assessment 2 brief_July 2019.docx Page 8 of 9 conventions andsources of evidence10%Demonstratesinconsistent use of goodquality, credible andrelevant research sourcesto support and developideas.There are mistakes inusing the APA style.conclusion or summary)and has accuratespelling, grammar,sentence and paragraphconstruction.Demonstrates consistentuse of credible andrelevant research sourcesto support and developideas, but these are notalways explicit or welldeveloped.There are no mistakes inusing the APA style.introduction, conclusionor summary).Demonstrates consistentuse of high quality,credible and relevantresearch sources tosupport and developideas.There are no mistakes inusing the APA style.Consistentlydemonstrates expert useof good quality, credibleand relevant researchsources to support anddevelop appropriatearguments andstatements.Shows evidence ofreading beyond the keyreadingThere are no mistakes inusing the APA style.Demonstrates expert useof high-quality, credibleand relevant researchsources to support anddevelop arguments andposition statements.Shows extensiveevidence of readingbeyond the key readingThere are no mistakes inusing the APA Style.Effectivecommunication30%Difficult to understandfor audience, nological/clear structure,poor flow of ideas,argument lackssupporting evidence.No effort is made to keepaudience engaged,audience cannot followthe line of reasoning.Little use of presentationaids, or the presentationaids and material usedare irrelevant.Information, argumentsand evidence arepresented in a way thatis not always clear andlogical.Attempts are made tokeep the audienceengaged, but not alwayssuccessful.Line of reasoning is oftendifficult to follow.Presentation aids areused more for effect thanrelevance.Information, argumentsand evidence are wellpresented, mostly clearflow of ideas andarguments.The audience is mostlyengaged, line ofreasoning is easy tofollow.Effective use ofpresentation aids.Information, argumentsand evidence are verywell presented, thepresentation is logical,clear and well supportedby evidence.Engages the audience,demonstrates culturalsensitivity.Carefully and wellprepared presentationsaids are used.Expertly presented; thepresentation is logical,persuasive, and wellsupported by evidence,demonstrating a clearflow of ideas andarguments.Engages and sustainsaudience’s interest in thetopic, demonstrates highlevels of culturalsensitivityEffective use of diversepresentation aids, PROJ6002_Assessment 2 brief_July 2019.docx Page 9 of 9 including graphics andmulti-media.

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