(
Australian Ideal College
Registered as Australian Ideal College Pty Ltd
RTO No.: 91679
|
CRICOS Provider Code: 03053G
Sydney Campus: Level 7 & 8, 75 King St
reet
, Sydney NSW 2000
Australia
Adelaide Campus: Level 3, 21-23 Rundle Mall, Adelaide SA 5000
Australia
Hobart Campus:
GRD
Floor, 116 Murray St
reet
, Hobart TAS 7000
Australia
T: +61-2-9262 296
8 (Sydney) | +61-8-8123 5780 (Adelaide) | +61-3-6231 2141 (Hobart)
E
: [email protected]
| W
: www.aic.edu.au
) (
Australian Ideal College
Registered as Australian Ideal College Pty. Ltd.
ABN:
15 126 592 756
RTO No.: 91679 CRICOS Provider Code: 03053G
Campus: Level 8, 75 King St, Sydney NSW 2000 Australia
Tel: +61-2-9262 2968
Fax: +61-2-9262 2938
Email:
[email protected] Website: www.idealcollege.com.au
)
Educating for Excellence
Assessment Submission Sheet
Course
BSB50820 - Diploma of Project Management
Unit Code and Name
BSBPMG531 Manage project time
Assessor Name
Student Name
Student ID
Date Due
Please read and sign this assessment coversheet and submit it together with your assessment to your Assessor by the due date.
Student Declaration
· I declare that the work submitted is my own, and has not been copied or plagiarised from any person or source.
· I have read the Plagiarism Policy and Assessment Appeal and Reassessment Policy in the Student Handbook and I understand all the rules and guidelines for undertaking assessments.
· I understand that by typing my full name in the student field this is equivalent to a hand-written signature.
· I give permission for my assessment material to be used for continuous improvement purposes.
Student Signature
Date Submitted
Assessor Use Only
Assessment Items
Result
Task 1
Knowledge Questions
S
NS
Task 2
Project
S
NS
Final Assessment Result for this unit
C
NYC
Student Declaration: I declare that I have been assessed in this unit, and I have been advised of my result. I am also aware of my appeal rights.
Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedback
Signature
Signature
Date
Assessor’s Comments
Task 1
Assessment Instructions
This is an individual assessment. This short answer assessment is one form of assessment that is used to collect evidence of competency for this unit.If you need help understanding any questions, ask your assessor to explain.
To be deemed competent you will need to successfully demonstrate the following:
You must submit:
1. Satisfactory answers for all questions
Procedure
Answer each question in as much detail as possible, considering your organisational requirements for each one.
1. Explain the advantages and disadvantages of using the following estimation techniques to determine the duration of tasks and the required resources:
1. Analogous estimating
1. Bottom-up analysis
1. Reserve analysis.
a) Analogous estimating:
Advantages:
Quick and easy to use
Useful for early project planning and when little information is available
Can be used to estimate the duration and resources for similar tasks.
Disadvantages:
Based on the experience of the estimator, which may not always be accurate or relevant
Doesn't account for unique characteristics of the current project, which may lead to inaccuracies
May not be suitable for complex or unique projects.
b) Bottom-up analysis:
Advantages:
Considers all the individual activities and tasks required to complete a project
Provides a detailed and accurate estimate
Allows for the identification of any potential risks or areas of uncertainty.
Disadvantages:
Time-consuming and requires a significant amount of detail
May not be feasible for large or complex projects
May lead to overestimating or underestimating the duration and resources required.
c) Reserve analysis:
Advantages:
Allows for the inclusion of contingencies and reserves for unforeseen events or risks
Provides a more realistic estimate
Helps identify potential risks and areas of uncertainty.
Disadvantages:
May lead to overestimating and an increase in project costs
May be difficult to determine the appropriate level of reserves
May not be feasible for smaller projects with limited resources.
5. Explain how you would identify the critical path within a project schedule.
The critical path is the sequence of tasks in a project schedule that determine the earliest completion date of the project. To identify the critical path, the following steps can be taken:
Break down the project into individual tasks and create a list of all the tasks and their dependencies.
Draw a network diagram that illustrates the dependencies between the tasks.
Determine the duration of each task and add them to the network diagram.
Using the network diagram, conduct a forward pass to determine the earliest start and finish dates for each task.
Conduct a backward pass to determine the latest start and finish dates for each task.
Identify the tasks that have zero slack, which means their earliest start and latest start dates are the same. These tasks are on the critical path.
Identify all the tasks that are dependent on the critical path tasks and add them to the critical path.
Repeat steps 6 and 7 until all the tasks have been evaluated.
The critical path is the sequence of tasks that takes the longest to complete, and any delay in these tasks will delay the completion of the project.
3. What are the primary reference points for setting a project baseline?
A project baseline is a set of agreed-upon project management plans and documents that are used as a reference point for measuring progress and performance throughout the project. The primary reference points for setting a project baseline include:
Project scope: The project scope defines the boundaries of the project and includes the objectives, deliverables, and requirements that are necessary to complete the project.
Project schedule: The project schedule includes the start and end dates, milestones, and critical path of the project. It is used as a reference point for tracking progress and identifying potential delays.
Project budget: The project budget includes the estimated cost of the project, including labor, materials, and overhead costs. It is used as a reference point for tracking expenses and identifying cost overruns.
Project quality: The project quality plan defines the standards and procedures that will be used to ensure that the project deliverables meet the required quality level.
Resource plan: The resource plan defines the personnel, equipment, and other resources that will be needed to complete the project.
Risk management plan: The risk management plan identifies potential risks and the actions that will be taken to mitigate or manage them.
These reference points are all important in order to have a clear picture of the project and to measure progress and performance.
4. Identify the four phases of a project lifecycle and explain what each phase means or involves.
The four phases of a project lifecycle are initiation, planning, execution, and closure.
Initiation phase: This phase is the starting point of a project, where the project's feasibility and alignment with the organization's strategic goals are evaluated. The scope, objectives, and deliverables of the project are defined, and a project charter is created to outline the project's purpose and objectives.
Planning phase: This phase is where the...