PROJ6000_assessment 2 brief_ XXXXXXXXXX Page 1 of 5 ASSESSMENT BRIEF Subject Code and Title PROJ6000 Principles of Project Management Assessment Assessment 2: Project Selection Methods and Initial...

1 answer below »
attached file


PROJ6000_assessment 2 brief_29022020 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, including IT projects. 3. Apply appropriate project management (including IT 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_29022020 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. Note: Master of Business Information Systems students must use an IT project as an example in 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/__data/assets/word_doc/0013/15520/pmantemp- open-sml-proj-bus-case.doc 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). (2013a) 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/TPP1806%20%20NSW%20Government%20Business%20Case%20Guidelines.pdf http://www.egovernment.tas.gov.au/__data/assets/word_doc/0013/15520/pmantemp-open-sml-proj-bus-case.doc http://www.egovernment.tas.gov.au/__data/assets/word_doc/0013/15520/pmantemp-open-sml-proj-bus-case.doc https://www.pmi.org/learning/library/need-business-case-6730 https://www.treasury.nsw.gov.au/sites/default/files/2018-08/TPP1806%20%20NSW%20Government%20Business%20Case%20Guidelines.pdf https://www.treasury.nsw.gov.au/sites/default/files/2018-08/TPP1806%20%20NSW%20Government%20Business%20Case%20Guidelines.pdf PROJ6000_assessment 2 brief_29022020 Page 3 of 5 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. 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. In addition, for Master of Business Information Systems students: Kaminsky, J. (2012). Impact of nontechnical leadership practices on IT project success. Journal of Leadership Studies, 6(1), 30-49. doi:10.1002/jls.21226 Project Management Videos. (2014, April 28). IT Project Management - Information Technology [Video File]. Retrieved from https://www.youtube.com/watch?v=LNpGKYUB0UI&list=PL_rf_lwCV7MAc- 9LTxmx7BGStVu6IPEhB&index=2 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://www.youtube.com/watch?v=LNpGKYUB0UI&list=PL_rf_lwCV7MAc-9LTxmx7BGStVu6IPEhB&index=2 https://www.youtube.com/watch?v=LNpGKYUB0UI&list=PL_rf_lwCV7MAc-9LTxmx7BGStVu6IPEhB&index=2 PROJ6000_assessment 2 brief_29022020 Page 4 of 5 Marking Rubrics - Project Selection Methods and Initial Documents Assessment Criteria Fail Unacceptable Pass (Functional) Credit (Proficient) Distinction (Advanced) High Distinction (Exceptional) % Points 0-49% 50-64% 65-74% 75-84% 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 Information, arguments and evidence are presented in a way that is not always clear and logical. Information, arguments and evidence are well presented, mostly clear flow of ideas and arguments. Information, arguments and evidence are very well presented; the presentation is logical, clear and well Expertly presented; the presentation is logical, persuasive, and well supported by evidence, demonstrating a clear flow of ideas and arguments. PROJ6000_assessment 2 brief_29022020 Page 5 of 5 lacks supporting evidence. Line of reasoning is often difficult to follow. Line of reasoning is easy to follow. supported by evidence. Knowledge and understanding 50% Limited understanding of required concepts and knowledge Key components of the assignment are not addressed. Knowledge or 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. Thorough knowledge or 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. Highly developed 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. A sophisticated 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 DayJul 14, 2021PROJ6000

Answer To: PROJ6000_assessment 2 brief_ XXXXXXXXXX Page 1 of 5 ASSESSMENT BRIEF Subject Code and Title PROJ6000...

Saloni answered on Jul 18 2021
141 Votes
Principles of Project Management
Introduction
Project Management is the execution of the procedure and technique with application of skills, knowledge and experience to achieve the project requirement . Management of the project is important in the organization because it ensures what is being delivered is what is required act and will deliver objective value.
Importance of project management to the organization-
· Strategic Ar
rangement - A good project management ensure that the strategic goal and needs of the business is according to the goal of the project.
· Leadership - It bring authority, control and guidance to the project. It comes up with guidance and innovation, inspiration , removing obstruction by training and encouraging the team to do best.
· Clear target & objectives with risk management - A proper plan with risk identification is established to abide by focus on the purpose is important.
· Realistic project planning- a clear process with viable deadlines and budget estimation is created.
· Quality Control - It is important that qualify of the product is up to the mark. Committed project management makes sure that the standard of the output is inspected at every stage.
· Risk management- The practise of analyzing all possible risk to the project, qualify them, advance a plan reduce them.
· Orderly Process- It is important to maintain an orderly and easily understood process. It clarifies the roles, streamline processes and inputs, anticipate risks and check the balance with the strategy to the achieve the goal.
· Continuous oversight- It assures that a project development is traced and informed properly. A summary status report for the stakeholder management to follow the project should be generated.
· Subject Matter Expertise- They will be well equipped with knowledge about the project and other technical skills ensuring an easy flows of work between different teams.
· Controlling and learning from success and failure- Post project reviews, ex post factors and lesson learned are used to get a hand on do’s and don’ts’’ for the later projects.
Information System Project Selection Methods
The project selection criteria
· The 80/20 rule- Under Pareto law guides us to choose 20% of the project that can effectively respond to 80% threats or opportunities. It take the opportunities immediately and dominate the market by first capturing consumer needs. This lets the organization identify and contain risk immediately by deploying appropriate control.
· Strategic Fit - A thorough understanding of the organizations mission statement and business goals deploy core resources and capabilities in the right area. An ideal comparison of opportunity cost and true feasibility will let take a decision that focuses organizational goals.
· Question Project Outcome-Few outcome particular question need to be analyzed - What fundamental outcome add on to the objective ?
Why is the project right for the organization ? How will the project add value to the organization.
· Assess Core Competencies- When a project is selected on core competencies, it focuses on the strength and value proposition .
· Resource Capacity Building - Awareness about the quantity of qualified staff so that the mangers don’t end up excess resourcing by outsourcing project components that could have been easily worked by in house specialist.
PMOs finalize the selection of the project with 2 financial instrument that maximize profitability-
1. Benefits Measurement - This route is best suited to simple and structured projects that can easily dismantle and demands change -
· Cost To Benefit Ratio - This calculates the investment cost of a project adjacent to the output value after it is completed. Project with lower ratio of cost and benefit or higher benefit to cost ratio is considered.
· Economic Value added- this is calculated on the net operating profit after deducting expenditure on capital . It signifies the measurable gains of a project after completion. Project with high EVA are considered.
· Payback Period - The time taken to recover the investment deployed in a particular project. The project that give return value quickly are considered.
· Scoring Model- The selected committee estimates the list according to the importance and priorities of each project under consideration. They add the...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here