BSBPMG514 Manage Project Cost Learner Assessment Pack Page 1 of 22 LEARNER ASSESSMENT PACK BSBPMG514 Manage Project Cost (Release 1) Assessment Tasks For this unit you are required to complete the...

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BSBPMG514 Manage Project Cost Learner Assessment Pack Page 1 of 22 LEARNER ASSESSMENT PACK BSBPMG514 Manage Project Cost (Release 1) Assessment Tasks For this unit you are required to complete the following assessments: Assessment Task 1 – Short Answer Questions Assessment Task 2 – Managing project cost Assessment Task 3 – Monitor and control project costs At the end of this Learner Assessment Pack (once you have completed the above Assessment Tasks) you will be required to submit your work online where you will agree to the required student declarations. BSBPMG514 Manage Project Cost Learner Assessment Pack Page 2 of 22 ©2020 College for Adult Learning. This Assessment Pack was developed by the College for Adult Learning V120 BSBPMG514 Manage Project Cost Learner Assessment Pack Page 3 of 22 Table of Contents Assessment Description ........................................................................................................ 4 Introduction ........................................................................................................................... 4 Assessment Task 1 – Short Answer Questions ..................................................................... 6 Task Description ................................................................................................................ 6 Assessment Task 1 Specifications .................................................................................. 10 Procedure ........................................................................................................................ 10 Assessment Task 2 – Managing project cost ...................................................................... 12 Task Description .............................................................................................................. 12 Assessment Task 2 Specifications .................................................................................. 13 Procedure ........................................................................................................................ 14 Part A Determine project costs ..................................................................................... 14 Part B Develop project budget and cost management plan .......................................... 16 Part C Monitoring costs and recording expenditure ...................................................... 17 Assessment Task 3 – Monitor and control project cost ........................................................ 19 Task Description .............................................................................................................. 19 Assessment Task 3 Specifications .................................................................................. 20 Procedure ........................................................................................................................ 20 BSBPMG514 Manage Project Cost Learner Assessment Pack Page 4 of 22 Assessment Description This assessment pack requires the learner to manage project costs. To complete this comprehensive assessment, the learner must complete 3 assessment tasks. For a task to be considered satisfactory, all elements of it must be complete. On completion of the 3 tasks, the learner will demonstrate that they can: - Determine project costs - Monitor and control project costs - Complete cost management processes Introduction Before you commence this Learner Assessment Pack, you must ensure that you have a good understanding of this subject by completing all of the learning materials, learning activities and quiz included in this unit. You must also make sure that you understand the assessment requirements – by reading this document carefully. All students who have nominated a third party for their course must provide a completed third-party evidence collection form for this unit. You can nominate a third party here. All documents submitted for this