MNG XXXXXXXXXXSP5 Workbook Rubric Each section of the workbook is allocated a certain number of marks, with the total adding up to 400, pro-rated to equal a score out of 40. In addition, each...

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MNG91217-2016-SP5 Workbook Rubric Each section of the workbook is allocated a certain number of marks, with the total adding up to 400, pro-rated to equal a score out of 40. In addition, each criterion is assessed based on the degree of sophistication demonstrated. The number of points for each section is: 1 Topic 1: Project Management Introduction, Charter and kick-off Max Score 1.1 Project Selection Prioritization Matrix 8 1.2 Scope Overview (word limit: 150) 8 1.3 Milestone Schedule and Deliverables 8 1.4 Initial Risk Identification 12 1.5 Resources Required 8 1.6 Initial Stakeholder Identification 12 1.7 Team Operating Principles 8 1.8 Lessons Learned 12 1.9 Commitment 4 2 Topic 2: Communication plan, WBS, and RACI 2.1 Stakeholder Prioritization Matrix 20 2.2 Project Communications Matrix 20 2.3 Work Breakdown Structure 20 2.4 The RACI chart 20 3 Topic 3: Time management and Cost Management 3.1 AoN 8 3.2 Time estimation 8 3.2.1 Time estimation – Enumeration method 12 3.2.2 Time estimation – Two Pass method 12 3.3 Critical path 8 3.4 Resource Loading 12 3.5 Gantt chart 8 3.6 Resources and cost to activity 12 4 Topic 4: Progress reporting scope change, and crashing 4.1 Crashing your project AoN (two-pass, including resources) 24 Gantt chart 36 Budget graph 20 5 Topic 5: Risk management, and Quality management 5.1 Risk identification I 8 5.2 Risk identification II 32 5.3 Risk identification III 20 5.4 Quality tools 20 Total points 400 The number of points awarded to each criterion is as follows: 1.5 2.5 3.5 4.0 5.0 Does not meet criterion Meets criterion at a very basic level Meets criterion in such a way to demonstrate practical understanding Meets criterion in a way that demonstrates comprehensive understanding Meets criterion in a way that demonstrate sophisticated understanding Student Workbook for MNG91217 Project Management Assessment II This workbook accounts for 40% of your final grade. The workbook has five topics, each topic is worth 80 points, adding up to 400 points. Your total point tally will be divided by ten to determine your grade. For a detailed scoring table per question, please see the ‘Assessment 2 - Rubric’ under ‘Assessment Tasks and Submission’ > ‘Assessment 2 – The Workbook’. Contents 1Topic 1: Project Management Introduction, Charter and kick-off4 1.1Project Selection Prioritization Matrix4 1.2Scope Overview (word limit: 150)7 1.3Milestone Schedule and Deliverables8 1.4Initial Risk Identification8 1.5Resources Required9 1.6Initial Stakeholder Identification9 1.7Team Operating Principles9 1.8Lessons Learned9 1.9Commitment10 2Topic 2: Communication plan, WBS, and RACI11 2.1Stakeholder Prioritization Matrix11 2.2Project Communications Matrix11 2.3Work Breakdown Structure12 2.4The RACI chart13 3Topic 3: Time management and Cost Management14 3.1AoN14 3.2Time estimation14 3.2.1Time estimation – Enumeration method15 3.2.2Time estimation – Two Pass method15 3.3Critical path15 3.4Resource Loading15 3.5Gantt chart16 3.6Resources and cost to activity16 4Topic 4: Progress reporting scope change, and crashing17 4.1Crashing your project17 5Topic 5: Risk management, and Quality management18 5.1Risk identification I18 5.2Risk identification II18 5.3Risk identification III18 5.4Quality tools19 Topic 1: Project Management Introduction, Charter and kick-off Project Selection Prioritization Matrix Below is an example of how calculations in a trade-off matrix are performed: Project/Selection Criteria Criteria A Criteria B Weight: 5 10 Total Landscaping project 7 5 (5*7=) 35 (5*10=) 50 (35+50=) 85 Using the example, score each of the projects in the table below. Based on the score, which project would you choose? Project/Selection Criteria Potential Monetary Gain Success Probability Social Opinion Weight: 5 10 3 Total Construction Project: International Hotel, Hawaii 10 5 5 Construction Project: Local Hotel, Brisbane 8 6 4 Infrastructure Project: High Speed Rail – Sydney to Melbourne 9 3 8 Investment project: The Old Farm House 7 7 10 Answer: · _________________ Based on the prior Project Selection Prioritization Matrix, you undoubtedly have surmised that the Old Farm House investment project is the best option for you at the moment. Following this decision, the following business case below has been developed for you: Old Farm House Business Case You have inherited a century old farm house and acreage in a rural area. You have visited the site and made an inspection. The house needs a great deal of repair work to get it marginally liveable. You have itemized the most important things that need to be done and estimated the time required as shown below. You plan to use this house for vacations and as a rental property through Airbnb. In fact, your work colleague as already expressed interest in staying over as soon as the property is finished. Your parents have sponsored you with a personal loan of $10,000 - that will give you enough money to buy the supplies and have a spending budget on help from a local contractor and two of his apprentices. You yourself have committed to working 80 hours over your vacation to fix up the house, but you are terrible at carpentry and painting. Your vacation of two weeks starts on Monday the 1st of June, and you prefer to be present when the contractor is on site. Assume you, the contractor and his apprentices[footnoteRef:1] all can work up to 8 hrs per day, 5 days per week. [1: For this case the contractor does not need to be present to have an apprentice working on site] You expect that within 2 years of renting the property you will have earned enough money to repay your parents. Each activity is to be performed by one person only. Continually ask yourself the question “when this is done, what else can I start now, or which things can I do at the same time?”. Resources Cost Note Supplies needed $5,000 You $0 Can do all jobs except carpentry and painting Contractor $125 per hour Expert in carpentry Apprentice I $60 per hour Expert in painting Apprentice II $40 per hour Can do all odd jobs (except carpentry and painting) Please note while working on this project, many assumptions are made that appear unrealistic, such as for example the wages, or constraints around who can do what. The main reason behind these decision has been to create an example that is easy for you to work on, while keeping it within small boundaries. The following List of Most Important Fixes and Project Customer Trade-Off Matrix are provided to you as background to the project; they are part of the Business Case. List of Most Important Fixes (not necessarily in order of schedule or priority): 1 Purchase supplies 2 Hang new curtains 3 Repair wooden shutters 4 Paint shutters 5 Hang shutters 6 Repair wooden porch 7 Paint porch 8 Repair wooden floor 9 Sand floor 10 Refinish (paint) floor 11 Paint ceilings 12 Paint doors 13 Paint interior walls 14 Paint exterior walls 15 Wash exterior windows 16 Wash interior windows Project Customer Trade-off Matrix Old Farm House Enhance Meet Sacrifice Cost Cannot go over $10.000 Spend full budget to save time Schedule Save time (you are allowed to spend the full budget if it enhances time finished) Must finish in two weeks (10 business days) Quality Must meet Scope Must meet Scope Overview (word limit: 150) Use your own words to convert the project brief (business case) in a short scope overview: Type your brief in this text box Milestone Schedule and Deliverables Based on the project brief and the list of work packages, please list the milestones you would identify for this project. The first and last are already given for you. Estimate a completion date for each milestone, as well as what the acceptance criteria would be. Also think about who should judge whether or not the criteria have been met. Milestone Completion Date Acceptance Criteria Stakeholder Judge Charter signed off Project completion Initial Risk Identification Based on the project brief, examples from the book and your own interpretation, please identify at least four potential risks to the project. Project (Potential) Risks Risk Owner Contingency Plans Resources Required Based on the project brief, examples from the book and your own interpretation, please identify the funding, workers and equipment required for this project, as well as potential other resources. Don’t overthink this exercise and keep it short and simple. Funding: People: Equipment: Other: Initial Stakeholder Identification Based on the project brief, examples from the book and your own interpretation, please identify at least four stakeholders to the project, their interest and priority to the project. Stakeholder Interest in Project Priority (High/Medium/Low) Team Operating Principles Please list a minimum of three Team Operating Principles you believe are important for your project (refer to textbook): · _________________ · _________________ · _________________ Lessons Learned Please list a minimum of three Lessons Learned you believe can contribute to your project: · ________________ · ________________ · ________________ Commitment Fill out the first column of the table below: Sponsor Department / Organisation Signature N/A Project Manager Department / Organisation Signature N/A Core Team Member/s Department/ Organisation Signature N/A Topic 2: Communication plan, WBS, and RACI Stakeholder Prioritization Matrix Based on the project brief, examples from the book and your own interpretation, please identify as many stakeholders as possible. Rank their power, Interest, Influence, Impact, Urgency and legitimacy on a scale of 1 to 3 (1 = low, 2 = medium, 3 = high) and add them in column ‘Total’. Stakeholder: What is the stakeholder’s main interest? Power Interest Influence Impact Urgency Legitimacy Total Priority (a score of 6-9 = low, 10 to 14 = medium, 15 to 18 = high)) Example: Stakeholder A A clean, quiet environment 1 3 1 1 3 2 11 Medium Project Communications Matrix Based on the project brief, examples from the book and your own interpretation,