PROJ6002_Assessment_4_Brief_Plans_Module 6 Page 1 of 5 ASSESSMENT 4 BRIEF Subject Code and Title PROJ6002: Project Planning and Budgeting Assessment Project Schedule and Cost Management Plans...

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Could I do my subject 4 about this case study?



PROJ6002_Assessment_4_Brief_Plans_Module 6 Page 1 of 5

ASSESSMENT 4 BRIEF
Subject Code and Title PROJ6002: Project Planning and Budgeting
Assessment Project Schedule and Cost Management Plans
Individual/Group Individual
Length 1500 words
Learning Outcomes The Subject Learning Outcomes demonstrated by successful
completion of the task below include:
a) Evaluate and apply a range of project management
tools, techniques and practices to diverse global
projects.
b) Evaluate budgetary and planning outcomes against
project success measures, including stakeholder
expectations.
c) Develop effective communication methods to
articulate planning outcomes to key stakeholders.
Submission Due by 11:55 pm AEST/AEDT Sunday First Half of Module 6. Week
11
Weighting 40%
Total Marks 100 marks
Assessment Task
Devise project schedule and cost management plans that articulate the schedule and cost approaches
for a project using the assigned project case study provided by your Learning Facilitator.
Please refer to the Instructions for details on how to complete this task.
Context
The backbone of a project manager’s work is the Project Management Plan. This plan is the document
that describes how the project will be executed, monitored and controlled. It integrates and
consolidates all of the subsidiary plans and baselines from the planning processes. In this assessment,
you will create subsidiary cost and schedule components of a Project Management Plan for your
assigned Case Study.
Project Schedule Management includes all the processes of planning, estimating, sequencing,
managing, and controlling the schedule for a timely completion of the project.


PROJ6002_Assessment_4_Brief_Plans_Module 6 Page 2 of 5

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 approved
budget.
Instructions
1. Study the assigned Case Study provided on Blackboard by your Learning Facilitator.
2. Analyse the project from your own perspective as an up-and-coming project manager
3. Devise your own, individual set of subsidiary Project Management plans for Schedule and
Cost based on the assigned Case Study.
a. Although all students will receive the same case study, you are expected to
complete this task individually.
b. These project schedule and cost management plans and supporting documentation
must contain, but are not limited to, the following components:
• Description of Estimation Methods, and Tools and Techniques for managing
Schedule/Budget
• Overview of Schedule and Budget Methodology
• Network Diagram using the Critical Path Method
• Project Schedule
• Cost Baseline
• Project Budget, including detailed estimates and cost control methods.
4. Write 1500 words and describe the processes, tools and techniques applied in your schedule
and cost management plans, as well as a justification of your budget and schedule.
5. You can use the templates in this subject’s Learning Resources or create your own templates
to devise the subsidiary cost and schedule project management plans.
6. Submit a schedule and a network diagram using the critical path method (CPM).
Scheduling software such as ProjectLibre or Microsoft Project can be used to design your
schedule. Alternatively, you can hand-draw and scan your network diagram.
Referencing
It is essential that you use the most recent APA style for citing and referencing research. Please see
more information on referencing in the Academic Skills webpage.
Submission Instructions
a. Submit this task via the Assessment 4 link in the main navigation menu in PROJ6002 –
Project Planning and Budgeting.
b. Submit your answers in an academic style, including both in-text citations and a full
reference list using the correct APA style of referencing. Any software files used to
complete this assessment (e.g., Microsoft Project, ProjectLibre) should also be submitted.
c. Your assessment will be formally graded via the Grade Centre by your Learning Facilitator
and feedback will be provided through My Grades.
Academic Integrity
All students are responsible for ensuring that all work submitted is their own, and is appropriately
referenced and academically written according to the Academic Writing Guide. Students also need
to have read and be aware of Torrens University Australia Academic Integrity Policy and Procedure
and subsequent penalties for academic misconduct. These are viewable online.
https://library.torrens.edu.au/academicskills/apa/tool
https://laureate-au.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_20163_1&content_id=_2498847_1&mode=reset
http://www.torrens.edu.au/policies-and-forms


PROJ6002_Assessment_4_Brief_Plans_Module 6 Page 3 of 5

Students also must keep a copy of all submitted material and any assessment drafts.
Special Consideration
To apply for special consideration for a modification to an assessment or exam due to unexpected or
extenuating circumstances, please consult the Assessment Policy for Higher Education Coursework
and ELICOS, and, if applicable to your circumstance, submit a completed Application for Assessment
Special Consideration Form to your Learning Facilitator.
https://laureate-au.blackboard.com/bbcswebdav/xid-4650246_1
https://laureate-au.blackboard.com/bbcswebdav/xid-4650246_1
https://laureate-au.blackboard.com/bbcswebdav/xid-4652143_1
https://laureate-au.blackboard.com/bbcswebdav/xid-4652143_1


PROJ6002_Assessment_4_Brief_Plans_Module 6 Page 4 of 5

Assessment Rubric
Assessment
Attributes
Fail
(Yet to achieve
minimum standard)
0-49%
Pass
(Functional)
50-64%
Credit
(Proficient)
65-74%
Distinction
(Advanced)
75-84%
High Distinction
(Highly advanced)
85-100%

Knowledge and
understanding of
project schedule and
cost management.

Demonstrates
knowledge and
understanding of
project schedule and
cost management tools
and techniques.

Percentage for this
criterion = 35 %

Demonstrates a partially
developed understanding
of project schedule and
cost management.

Does not address key
components of the
assignment including
elements of schedule or
cost management plans
and/or relevant tools and
techniques.

Demonstrates a functional
knowledge of project
schedule and cost
management.
Demonstrates a limited
application of project
schedule, and cost tools and
techniques to project
planning.

Demonstrates proficient
knowledge of project
schedule and cost
management.
Demonstrates a proficient
application of project
schedule, and cost tools and
techniques to project
planning.

Demonstrates advanced
knowledge of project
schedule and cost
management.
Demonstrates an advanced
application of project
schedule, and cost tools
and techniques to project
planning.

Demonstrates highly
advanced knowledge of
project schedule and cost
management.
Demonstrates a highly
advanced application of
project schedule, and cost
tools and techniques to
project planning.


Effectively utilises the
Case Study and the
required elements of
project schedule and
cost management
plans.

Percentage for this
criterion = 35 %


Very limited presentation
of information related to
the assigned Case Study.
Does not adhere to the
format of schedule and
cost management plans.
Very limited range of
specialised language and
terminology, with
frequent errors.

Limited presentation of
information related to the
assigned Case Study.
Largely adheres to the
format of project schedule
and cost management
plans.
Limited range of specialised
language and terminology,
with some errors.

Adequate presentation of
information related to the
assigned case study.

Adheres to the format of
project schedule and cost
management plans.

Adequate range of
specialised language and
terminology, with occasional
errors.

Skilful presentation of
information related to the
assigned case study.
Adheres to the format of
project schedule and cost
management plans.
Range of specialised
language and terminology,
with very few errors.


Very skilful presentation of
information related to the
assigned case study.
Adheres to the format of
project schedule and cost
management plans.
Wide range of specialised
language and terminology,
with no errors.


PROJ6002_Assessment_4_Brief_Plans_Module 6 Page 5 of 5

Assessment
Attributes
Fail
(Yet to achieve
minimum standard)
0-49%
Pass
(Functional)
50-64%
Credit
(Proficient)
65-74%
Distinction
(Advanced)
75-84%
High Distinction
(Highly advanced)
85-100%
Effective
communication
(Written)

Percentage for this
criterion = 20 %

Very limited organisation,
text, structure and
coherence.
Frequent errors in
spelling, grammar and/or
punctuation.
Limited organisation, text,
structure and coherence.
Some errors in spelling,
grammar and/or
punctuation.
Adequate organisation, text,
structure and coherence.

Occasional errors in spelling,
grammar and/or
punctuation.
Good organisation, text,
structure and coherence.
Very few errors in spelling,
grammar and/or
punctuation.
Very good organisation,
text, structure and
coherence.
No errors in spelling,
grammar and/or
punctuation.

Correct citation of key
resources and evidence

Percentage for this
criterion = 10 %


Demonstrates very limited
use of good quality,
credible and relevant
resources to support and
develop ideas.

Shows very limited to no
evidence of sourcing
evidence.

Didn’t refer to sources;
referencing does not
resemble the most recent
edition of APA.


Demonstrates limited use of
credible and relevant
resources to support and
develop ideas.

Shows evidence of limited
scope within Torrens
University resources for
sourcing evidence.

Rarely referred to sources;
uses most recent edition of
APA referencing with
frequent errors.

Demonstrates adequate use
of credible resources to
support and develop ideas.

Shows evidence of adequate
scope within Torrens
University resources for
sourcing evidence.

Adequately referred to
sources; uses most recent
edition of APA referencing
with occasional errors.

Demonstrates use of good
quality, credible and
relevant resources to
support and develop
arguments and statements.

Shows evidence of wide
scope within the Torrens
University resources for
sourcing
Answered 2 days AfterAug 07, 2022

Answer To: PROJ6002_Assessment_4_Brief_Plans_Module 6 Page 1 of 5 ASSESSMENT 4 BRIEF Subject Code and Title...

Parul answered on Aug 10 2022
15 Votes
Introduction
Planning a successful symposium of approximately 250 attendees essentially focuses on applying the framework of project management. It is necessary to streamline several operations and monitor the progress of activities such that cost as well as the timeline of symposium is managed properly. However, this event of 250 attendees are requested to comprehend the changes since they impact the delivery
of the project. Especially in this case there are certain important tasks which are perhaps not completed within the required period that can cause massive delays. Therefore, management of changes is crucial for overall success of the event which can support in monitoring, evaluating, comparing and communicating the required stakeholders regarding the cu
ent state and course of project. In this report we will also focus on the cost management by the virtue of certain critical processes that takes into consideration the objective of the process. Essentially, it is based to construct effective cost management plan for conducting symposium event.
Required Tools for Cost Estimation
Required tools for estimation of cost can be
oadly categorized into two buckets - first is the qualitative methodologies and second is the quantitative methodologies. Overall estimation on the solid fundamentals of heuristic as well as expert advice and knowledge falls under the qualitative category. On the other hand, based on the parametric, analogues as well as analytical methods usually comprises of quantitative approach.
Cost Estimation - Analogous Method
As per Dionne and Monte explained in their research paper in 2018 that cost estimation based on analogues cost estimation method such that data of certain type of project is deeply understood. Inputs can be explained for constructing the required project symposium still it doesn’t provide higher level of estimation which is perhaps very important at early stage of event management.
Cost Estimation - Parametric Approach
The second approach that can be implemented is Parametric assessment of expense and cost required to host 250 attendees for the event. It is a powerful instrument and one more key framework of cost estimation that additionally utilizes authentic information like the past instrument (Project Management Institute, 2020). In any case, it is viewed as more powerful in giving a lot of precision than the Analogous assessment instrument since it consolidates authentic information for the unmistakable factors of cost drivers including cost, time and measure of work done. The measurable estimation is completed independently for numerous units and these are increased by the quantity of units to get the complete expense assessment.
Cost Estimation base on Bottom-Up Approach
Base up cost assessment is another key expense assessment instrument where the vital parts of the task are decayed to the base level and the expense of all parts is determined exclusively and all are at last added for acquiring the last expense assessment. This kind of cost assessments consume additional time than the booked time in light of the intricacy related what's more, can be utilized at the later stage in the venture planning and a
anging dissimilar to practically equivalent to assessment is utilized at the commencement phase of the undertaking. The assessed cost of a specific still up in the air based on sub-e
ands inside each and every cycle.
Overall Cost Estimation for the Project Symposium
In the scenario of Project Symposium, cost estimation as well as complete administration, the significant parts that are chosen for the assessments of cost involved for 250 attendees. Overall budget given to us is USD 262500 and the key undertakings with respect to hosting the project. The functioning site should be created as part of the venture. The expense to structure every one of the necessities are perceived and investigated alongside different elements which are integrated co
ectly for the financial plan to foster the insides of the new framework. Aside from the pre-referenced classes, the expenses for worksite finish, administration the board...
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