PROJ6000_Assessment 2 Brief_081118.Docx Page 1 of 5 ASSESSMENT BRIEF Subject Code and Title PROJ6000 Principles of Project Management Assessment Assessment 2 – Project Selection Methods and Initial...

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PROJ6000_Assessment 2 Brief_081118.Docx Page 1 of 5 ASSESSMENT BRIEF Subject Code and Title PROJ6000 Principles of Project Management Assessment Assessment 2 – Project Selection Methods and Initial Documents Individual/Group Individual Length 1500 words Learning Outcomes Successful completion of this assignment will result in achievement of the following subject learning outcomes: 1. Understand PMBOK knowledge areas and process groups and their role, relevance and impact on project management best practice and PMI's Code of Ethics. 2. Critically compare and contrast project management approaches and their appropriateness for managing a variety of project types. 3. Apply appropriate project management tools and techniques, paying particular attention to risk management. Submission By 11:55pm AEST/AEDT Sunday end of Module 3 Weighting 35% Total Marks 35 Marks Context: A project is a temporary endeavour undertaken to provide an expected and beneficial outcome. A project life cycle is the series of phases that a project passes through from its initiation to its closure. Project goals should align with organisational goals such as improved operations or increased revenues, reducing costs or improving efficiencies. Before resources can be committed to a project, the reason for its proposal and the benefits it is expected to deliver need to be understood by people in positions empowered to make decisions about the expenditure of an organisation's resources. The selection of organisational projects is typically performed through a method of classification and review of the project’s business case. That method of course should be applied consistently to all project proposals. PROJ6000_Assessment 2 Brief_081118.Docx Page 2 of 5 Instructions: For this assessment, you research different methods of selecting projects and examine the initiation process. You also consider the Project Management Body of Knowledge (PMBOK) guide and, more specifically, explore the initiation documents. Assessment 2: Project Selection Methods and Initiation Documents (35%) In essay writing, use the given/approved project throughout this assessment. As you have discovered in your learning resources, examine project selection methods that can be applied appropriately to the given project and processes to conduct these methods. Consider the Project Management Body of Knowledge (PMBOK) and describe the initial process group and project documents that are created or used as inputs for a new project. Your assessment should contain 1500 words. Output and Submission: Submit your completed assessment by the end of Module 3. Learning Resources: Government of Tasmania (n. d.). PM-902 Business Case (Small) Template & Guide. Retrieved from http://www.egovernment.tas.gov.au/project_management/getting_started_in_project_ma nagement Herman, B. and Siegelaub, J. (2009). Is this really worth the effort?: The need for a business case. Retrieved from https://www.pmi.org/learning/library/need-business-case-6730 Laureate Education (Producer). (2013) The practice of project management [Video file]. Baltimore, MD: Author. Learning and Academic Skills Unit. (2016). Academic Writing Guide. APA 6th ed. Sydney, Australia: Laureate Australia. NSW Treasury. (2018). NSW Government Business Case Guidelines. Retrieved from https://www.treasury.nsw.gov.au/sites/default/files/2018-08/TPP18- 06%20%20NSW%20Government%20Business%20Case%20Guidelines.pdf Project Management Institute. (2013). A guide to the project management body of knowledge (PMBOK guide) (5th ed.). Newtown Square, PA: PMI. Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK guide) (6th ed.). Newtown Square, PA: PMI. http://www.egovernment.tas.gov.au/project_management/getting_started_in_project_management http://www.egovernment.tas.gov.au/project_management/getting_started_in_project_management https://www.pmi.org/learning/library/need-business-case-6730 https://www.treasury.nsw.gov.au/sites/default/files/2018-08/TPP18-06%20%20NSW%20Government%20Business%20Case%20Guidelines.pdf https://www.treasury.nsw.gov.au/sites/default/files/2018-08/TPP18-06%20%20NSW%20Government%20Business%20Case%20Guidelines.pdf PROJ6000_Assessment 2 Brief_081118.Docx Page 3 of 5 Project Management Institute. (n.d.). Code of Ethics and Professional Conduct. Retrieved from http://www.pmi.org/About-Us/Ethics/Code-of-Ethics.aspx Wysocki, R. K. (2014). Effective project management: Traditional, agile, extreme (7th ed.). Indianapolis, IN: Wiley. Document: Guidelines for Statement of Work (PDF) Assessment Criteria: The assessment will be graded using the Learning Rubrics below and is worth 35% of the total for the subject. http://www.pmi.org/About-Us/Ethics/Code-of-Ethics.aspx https://laureate-au.blackboard.com/bbcswebdav/xid-4650193_1 PROJ6000_assessment 2 brief_081118.docx Page 4 of 5 Learning Rubrics Assessment Attributes Fail (0-49) Pass (50-64) Credit (65-74) Distinction (75-84) High Distinction (85-100) Content, Audience and Purpose 10% Demonstrates no awareness of context and/or purpose of the assignment. Demonstrates limited awareness of context and/or purpose of the assignment Demonstrates consistent awareness of context and/or purpose of the assignment. Demonstrates an advanced and integrated understanding of context and/or purpose of the assignment. Consistently demonstrates a systematic and critical understanding of context and purpose of the assignment. Correct citation of key resources and evidence 10% Demonstrates inconsistent use of good quality, credible and relevant resources to support and develop ideas. There are mistakes in the APA style. Demonstrates use of credible and relevant resources to support and develop ideas, but these are not always explicit or well developed. There are no mistakes in the APA style. Demonstrates use of high quality, credible and relevant resources to support and develop ideas. There are no mistakes in the APA style. Demonstrates use of good quality, credible and relevant resources to support and develop arguments and statements. Shows evidence of wide scope within the organisation for sourcing evidence There are no mistakes in the APA style. Demonstrates use of high- quality, credible and relevant resources to support and develop arguments and position statements. Shows evidence of wide scope within and without the organisation for sourcing evidence There are no mistakes in the APA style. Effective Communication 30% Difficult to understand for audience, no logical/clear structure, poor flow of ideas, argument lacks supporting evidence. Information, arguments and evidence are presented in a way that is not always clear and logical. Line of reasoning is often difficult to follow. Information, arguments and evidence are well presented, mostly clear flow of ideas and arguments. Line of reasoning is easy to follow. Information, arguments and evidence are very well presented; the presentation is logical, clear and well supported by evidence. Expertly presented; the presentation is logical, persuasive, and well supported by evidence, demonstrating a clear flow of ideas and arguments. Knowledge and Limited understanding of Knowledge or Thorough knowledge or Highly developed A sophisticated PROJ6000_assessment 2 brief_081118.docx Page 5 of 5 understanding 60% required concepts and knowledge i.e. a business case and the differing uses of a SoW. Key components of the assignment are not addressed. understanding of the field or discipline (a business case and the differing uses of a SoW). Resembles a recall or summary of key ideas. Often conflates/confuses assertion of personal opinion with information substantiated by evidence from the research/course materials. understanding of the field or discipline/s (a business case and the differing uses of a SoW). Supports personal opinion and information substantiated by evidence from the research/course materials. Demonstrates a capacity to explain and apply relevant concepts. understanding of the field or discipline/s (a business case and the differing uses of a SoW). Discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. Well demonstrated capacity to explain and apply relevant concepts. understanding of the field or discipline/s (a business case and the differing uses of a SoW). Systematically and critically discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. Mastery of concepts and application to new situations/further learning.
Answered Same DayOct 12, 2021PROJ6000

Answer To: PROJ6000_Assessment 2 Brief_081118.Docx Page 1 of 5 ASSESSMENT BRIEF Subject Code and Title PROJ6000...

Akash answered on Oct 25 2021
147 Votes
Running Head: PROJECT SELECTION        1
PROJECT SELECTION        10
PROJECT SELECTION
Table of Contents
Introduction    3
Different Methods of Selecting Projects    3
Initiation Process    4
Developing a Business Case    4
Doing a Feasibility Study    5
Establishing the Project Charter    5
Identify Stakeholders    5
Appoint the Project Team    5
Review the Project    5
Initiation Documents needed for the Project    5

Project Selection Method Suitable for Selected Project    6
Processes Needed to Conduct these Methods    7
Phase 1    7
Phase 2    8
Phase 3    8
Conclusion    8
References    9
Introduction
As a project manager, in the choice of a plan, the project manager will definitely have a chance to influence key decision makers. In reality, their experience, their institutional knowledge and their expertise in the field will help ensure that their agency choose only the most promising projects. However, it is not that straightforward to choose the best ventures, which they trust. It is important to understand first why project selection is so important for their business before they examine the two major methods and their various techniques of project selection.
Different Methods of Selecting Projects
A knowledgeable and competent project management strategy helps the company to manage future projects more efficiently, recognise main activities of greater ROIs and exploit the current competences to choose projects that are suitable for your specific competences. In most situations, executive leadership rather than Project Managers (PMs) will be the last option for ideas. A good project manager should however be in a position to utilise his experience to help decision-makers to choose an ideal project, while maintaining realistic risk and cost estimates (Ozcan, Hamurcu, Alakas & Eren, 2018).
In addition to the right project management approach for your business, you can also choose the appropriate projects in black or in red for one year. An arbitrary task size, loosely defined expectations and ambitious targets can all contribute to an enormous budget drain and also to a significant impact on profitability. Instead, you need a rather important calculation to select the correct project for your business skills and resources. These calculations can be made in two ways: using the benefit methods measurement or the restricted methods of optimisation.
Type 1: Benefit Measurement Techniques
Perhaps the only approaches you will use as a project manager will be the Profit calculating methodologies. Although less sophisticated than traditional optimisation approaches, they also do not need an advanced degree of funding to grasp them. They are good for smaller, uncomplicated projects (Gur, Hamurcu & Eren, 2016).
Type 2: Constricted methods of optimisation
While the methods of gain assessments are typically the commonly employed methods of task choice for project managers, restricted methods of optimisation may also be used. Such approaches are suitable for bigger, more complex projects with several complex mathematical calamities will need to be performed.
Initiation Process
The identification of key steps in the implementation of programs provides strong rationale for the plan, statutory permission to carry out the research and the authorisation to incorporate administrative capital. Official authorisation or explicit task necessity mitigate the problem of workers who do not exist if organisations that provide the amount of R&D assistance required for the project are designed and funded. Furthermore, the initiation process for this project MAXIMA we followed a general way of project initiation, which included the next few steps (Baynal, Sarı & Kocdag, 2016).
Developing a Business Case 
Once a study is started, we define a particular market niche and want to develop an ongoing enterprise. In a business plan, they report the market segment and the continuing existence of our product. Developing a...
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