Finance and Management

PRJ5003 Project Constraint Management

28 April 2023 13:18 PM | UPDATED 7 months ago

PRJ5003 Project Constraint Management :

PRJ5003 Project Constraint Management
PRJ5003 Project Constraint Management

Assessment Brief: PRJ5003 Project Constraint Management Trimester 1, 2023

Assessment Overview

Assessment TaskTypeWeightLengthDueULOs Assessed
Assessment 1: Quizzes Weekly classroom for Sydney and Melbourne (online only for Brisbane students) quiz of key content areasIndividual Invigilated40%20-30 mins each (equiv. 3000 words)Week 3-Week 10ULO1
Assessment 2: Report- Project Management Plan (Scope, Schedule, and Cost) This assessment requires students to work in groups and analyse a real-life project of their choice to develop and write a report on scope, schedule, and cost plan for this project.Group              30%4000 wordsWeek 9ULO2 ULO3ULO4
Assessment 3: Presentation of project plan and status to a sponsor for a project case This assessment requires students to work individually on project case whose status shall be provided, prepare PP slides that include information about the project case plan and status and present (orally) their project case along with the submission of supporting documents.Individual   Invigilated                    30%Supporting documents (1000 word) 15 mins (equiv. 1000 words)Week 11/12ULO1 ULO2 ULO3

equiv. – equivalent word count based on the Assessment Load Equivalence Guide. It means this assessment is equivalent to the normally expected time requirement for a written submission containing the specified number of words.

Assessment 1: Weekly Quizzes

Due date:Week 3 to Week 10
Group/individual:Individual
Word count/Time provided:20-30 mins each (equiv. 3000 words)
Weighting:40%
Unit Learning Outcomes:ULO-1

Assessment 1 Detail

In this assessment, students are required to answer multiple choice questions, short answer questions and practical questions. Weekly quiz from week-3 to week 10 will be conducted during the two-hour workshop and shall cover the weekly course content. Classroom based for Sydney and Melbourne students and online only for Brisbane students. The students need to do the before- class activities including watching the mini videos, study the lectures slides and the chapters associated for the weekly lecture. The aim of this quiz is to assess the students’ understanding of the key concepts of the topics explained from week 1 to week 10, it also helps in identifying further support needs.

Assessment 1 Marking Criteria and Rubric

The assessment will be marked out of 100 and will be weighted 40% of the total unit mark.

Assessment 2: Report- Project Management Plan (Scope, Schedule, and Cost)

Due date:Week 9
Group/individual:Group (max. 3 students)
Word count/Time provided:4000 words
Weighting:30%
Unit Learning Outcomes:ULO2, ULO4
PRJ5003 Project Constraint Management

Assessment 2 Detail

This assessment is designed to assess your technical skills in planning and communicating a project plan effectively. You are required to form a group (max. 3 students), select a project case (either from the provided links to the real-life projects or a project case of your group’s choice). The selected project (either ongoing or already completed) is to be assumed by your group to be in final stage of Initiation, with either a signed off Project charter or in the stage of getting the approval of the Project charter. You are required to create the scope management plan, schedule management plan and cost management plan for your project. This report should include an introduction to the project case, a stakeholders’ register, and a brief project charter.

The Scope management needs to include project justification, in-scope and out-of-scope, constraints, Limits, assumptions, technical requirements and statement of work (SOW). WBS structure (minimum of three levels), WBS dictionary, work packages, scope verification and validation methods, scope change control, and designing the change control boards (CCB) and roles and responsibilities.

You are required to continue working with your group on the selected project and develop and write a schedule management plan that includes processes, tools and techniques to be used and documents to be developed as per your client’s requirements, define activities (activity list, proper activity logic, activities identification), milestones list, activities sequence, relationships, project network and critical path(s) using MOST likely estimates of activity duration, roles and responsibilities in scheduling, and monitoring and controlling schedule (EVA relevant to project schedule). Provide a description of the methods and tools. The PERT section to be included and should demonstrate how the process from most likely, optimistic and pessimistic duration to project probabilities have been implemented. You need to indicate most likely, optimistic and pessimistic durations for each activity and calculate the activity expected times for all activities. Refer Marking rubric for detailed requirements including calculation of Project expected time (TE) using activity expected times and CPM along with calculation of activity standard deviations.

Using your project planning and scheduling skills and utilising the provided excel templates, you are required to develop a schedule plan and develop schedule baseline using the activity expected time (tE).

You also require to develop and write project cost management plan that includes: plan cost management (identify processes, tools and techniques to be used and project documents to be developed as per your client’s requirements), define cost elements (labour, material, variable cost), identify types of cost (direct, indirect, fixed, variable), determine the estimating method (s): (top- down, bottom-up), use estimating techniques (analogous, parametric, three-point method) to estimate budget (creation) and establish time-phased budget, provide a discussion on monitoring and controlling cost (EVA relevant to project cost including forecasting and variances), and establish a cost baseline.

For successful completion of this assessment, you should meet with your group regularly (at least once a week). You will also be assigned to group Wiki page which will be your platform to collaborate with your group. You require to study the material provided (lecture slides, tutorials, and reading materials), engage in the unit’s activities, and in the discussion forums. The prescribed textbook and PMBOK are the main reference along with the recommended reading material. Groups expected to discuss their work with lecturer and to seek support.

Following resources may assist student in selecting a real-life project but the students could select any other real life case study project suiting their preference as a group:

•City of Sydney, projects within the Changing urban precincts program:

https://www.cityofsydney.nsw.gov.au/building-new-infrastructure

• Kerzner, H 2017, Project management case studies,4th edn, John Wiley & Sons, Hoboken, New Jersey.

Assessments 2 Marking Criteria and Rubric

The assessment will be marked out of 100 and will be weighted 40% of the total unit mark. The marking criteria and rubric are shown on the following page.

Assessment 2 Marking Criteria and Rubric

Marking CriteriaNot Satisfactory (0-49% of the criterion mark)Satisfactory (50-64% of the criterion mark)Good (65-74% of the criterion mark)Very Good (75-84% of the criterion mark)Excellent (85-100% of the criterion mark)
Written communication skills (10 marks) Organisation; grammar; spelling; clarity of expression; formatting; use of charts and graphs showing academic writing skillsLacks evidence of academic writing skills relevant to communicate (in writing) an academic assignmentEvidence of basic academic writing skills relevant to communicate (in writing) an academic assignmentHas given a factual and/or conceptual academic writing skills relevant to communicate (in writing) an academic assignmentHas good academic writing skills relevant to communicate (in writing) an academic assignmentHas excellent academic writing skills relevant to communicate (in writing) an academic assignment
Introduction (15 marks) Background of the project with project justification, Constraints and Objectives. Brief Project Charter requiredLacks evidence of basic knowledge to introduce the project and create draft Project Charter. Lacks inadequate details on project justification, In-scope and out-of-scope, project objectives, main deliverables, key stakeholders, key milestones, high level risks and budget. Overall lack of evidence of knowledge in writing a brief Project Charter.Evidence of basic knowledge to introduce the project and create draft Project Charter. Inadequate and not well elaborated details on project justification, In-scope and out-of-scope, project objectives, main deliverables, key stakeholders, key milestones, high level risks and budget found. Overall, some evidence of knowledge in writing a brief Project Charter.Evidence of factual and/or conceptual knowledge base to introduce the project and create draft Project Charter. Adequate but not well elaborated details on project justification, In-scope and out-of-scope, project objectives, main deliverables, key stakeholders, key milestones, high level risks and budget found. Overall, some evidence of knowledge in writing a brief Project Charter.Reasonable knowledge shown in the project background and draft Project Charter.  Adequate and well elaborated details found in the draft Project Charter in most sections.Has excellent skills in writing an introduction to the project and seen in the detailed and adequate draft Project Charter. Adequate and well elaborated details in all sections of the draft Project Charter.
Scope Management Plan (25 marks) Identify processes, tools, and techniques to be used and documents to be developed for managing scope as per Project’s requirements. Define Roles and Responsibilities for managing scope including methods of requirements elicitation       and acceptance from stakeholders. Detailed plan including: Project Scope Statement Limits and AssumptionsWBS structure (minimum of three levels)Work packagesWBS dictionary (minimum 3 detailed)Graphical and outline format of WBSControl (cost) accounts Scope Validation and controlScope change controlChange control boards (CCB) and roles and responsibilitiesLacks evidence of knowledge to define the Scope management planEvidence of basic knowledge and skills of defining the Scope Management PlanHas given a factual and/or conceptual knowledge and skills base of defining the Scope Management Plan  Reasonable knowledge and skills of defining the Scope Management Plan  Has excellent skills in defining the Scope Management Plan
PRJ5003 Project Constraint Management
Marking CriteriaNot Satisfactory (0-49% of the criterion mark)Satisfactory (50-64% of the criterion mark)Good (65-74% of the criterion mark)Very Good (75-84% of the criterion mark)Excellent (85-100% of the criterion mark)
Schedule Management Plan (25 marks) Identify processes, tools, and techniques to be used and documents to be developed as per your Project’s requirements. Define roles and responsibilities in schedule management. Detailed plan including how activity duration are estimated (basics of estimation, durations, resources) and: Activities (activity list with adequate activity identification and duration based on the work packages defined) Activities Sequence Relationships (F_S, S_S, S_F, F_F)Lags and leadsMilestone list Also include Schedule baseline details: Project network Gantt Chart Critical path(s) using MOST likely estimates with forward pass and backward calculations to show ES, EF, LS and LF of activities Describe how monitoring and controlling of the Schedule shall be done (EVA relevant to project schedule)    Lacks evidence of knowledge to define the Schedule Management planEvidence of basic knowledge and skills of defining the Schedule Management PlanHas given a factual and/or conceptual knowledge and skills base of defining the Schedule Management Plan  Reasonable knowledge and skills of defining the Schedule Management Plan  Has excellent skills in defining the Schedule Management Plan
Marking CriteriaNot Satisfactory (0-49% of the criterion mark)Satisfactory (50-64% of the criterion mark)Good (65-74% of the criterion mark)Very Good (75-84% of the criterion mark)Excellent (85-100% of the criterion mark)
Schedule Management Plan (35 marks) … continued PERT Indicate most likely, optimistic and pessimistic durations for each activity and calculate the activity expected times for all activities. You need to demonstrate these steps: • Optimistic and pessimistic durations • Calculation of the activity expected times for all activities Calculation of Project expected time (TE) using activity expected times and CPM • Calculation of activity standard deviationsCalculation of activity variances Calculation of project variance and standard deviation and answer the following questions:Project duration by 85% confidence Project duration by 99% confidence The probability of finishing the project 5% earlier than the original CPM durationThe probability of finishing the project 10% earlier than the original CPM durationThe document includes none of the outlined information in this criterionThe document includes few of the outlined information in this criterionThe document includes some of the outlined information in this criterionThe document includes most the outlined information in this criterionThe document includes all the outlined information in this criterion
Marking CriteriaNot Satisfactory (0-49% of the criterion mark)Satisfactory (50-64% of the criterion mark)Good (65-74% of the criterion mark)Very Good (75-84% of the criterion mark)Excellent (85-100% of the criterion mark)
Cost Management Plan (15 marks) Identify processes, tools, and techniques to be used and documents to be developed as per your Project’s requirements. Define roles and responsibilities in cost management.Mention estimating method (s): top- down, bottom-up Estimating techniques (analogous, parametric, three-point method)List Cost elements (labour, material, variable cost) Types of cost (direct, indirect, fixed, variable) and define activity and work package wise cost estimates.Include contingency reserves in the estimatesRepresent estimates in a time- phased manner to represent it as the cost baseline. Describe how monitoring and controlling of the Costs shall be done (EVA relevant to project cost including forecasting and variances)Lacks evidence of knowledge to define the Cost Management PlanEvidence of basic knowledge and skills of defining the Cost Management PlanHas given a factual and/or conceptual knowledge and skills base of defining the Cost Management Plan  Reasonable knowledge and skills of defining the Cost Management Plan  Has excellent skills in defining the Cost Management Plan
PRJ5003 Project Constraint Management

Assessment 3: Presentation of project plan and status to a sponsor for a project case

Due date:Submission of supporting documents and the PP slides in Week 11, presentations in Week 12
Group/individual:Individual
Word count/Time provided:Supporting documents (1000 word) 15 mins (equiv. 1000 words)
Weighting:30%
Unit Learning Outcomes:ULO1, ULO2, ULO3
PRJ5003 Project Constraint Management

Assessment 3 Detail

This assessment is designed to assess your technical skills in communicating project status effectively to different stakeholders. You are required to work individually, and you will be provided with a unique project scenario. You are required to prepare supporting documents, power point presentation slides that includes adequate information about the project case and present your report (verbal presentation) regarding the project status.

The project scenario and detailed instructions will be provided on Monday of week 10 or earlier and you are expected to apply the knowledge and skills you learn over the trimester for the submission.

While the main marked assessment is your power point slides and verbal presentation, you should demonstrate clear understanding, and high-level project management skills in your submission and presentation. You need to submit supporting documents and presentation file prior to the submission date in Assessment 3 Canvas submission space. Details of the supporting documents shall be available in the detailed instructions shared with you.

The date of presentation shall be conveyed to the students in Week 10, and it is mandatory that the students are available during their designated presentation time slots.

Assessments 3 Marking Criteria and Rubric

The assessment will be marked out of 100 and will be weighted 30% of the total unit mark. The marking criteria and rubric are shown on the following page.

Assessment 3 Marking Criteria and Rubric

Marking CriteriaNot Satisfactory (0-49% of the criterion mark)Satisfactory (50-64% of the criterion mark)Good (65-74% of the criterion mark)Very Good (75-84% of the criterion mark)Excellent (85-100% of the criterion mark)
Presentation slides and verbal presentation skills
Visual Appeal Presentation slides, clarity, grammar, spelling and engaging. (10 marks)Lack of evidence of written presentation skills (no visual appeal). The slides were difficult to read and too much information had been copied onto them. There are many errors in spelling, grammar, and punctuation.Evidence of basic skills of communicating (writing) in project environment. Minimal effort made to make slides appealingHas given a factual and/or conceptual skill base in communication (writing) in project environment There are some errors in spelling, grammar, and punctuation. In some slides, too much information on two or more slides. Good visual appeal. .Has very good skills in communicating (writing) a project report There are few errors in spelling, grammar, and punctuation. Very good visual appeal.Has excellent skills in communicating (writing) in project environment There are no errors in spelling, grammar, and punctuation. Information is clear and concise on each slide. Excellent visually appeal that is engaging.
Comprehension General knowledge of the project case (20 marks)Lack of evidence of comprehensive knowledge in the topic. Majority of information irrelevant to the selected project case .Evidence of basic knowledge in the topic. Basic information about the project background and lack of evidence of comprehensive knowledge in the project status report componentsHas given a factual and/or conceptual knowledge to the case project,Reasonable knowledge of background of case project and very good level of awareness of project status report.Extensive comprehension knowledge of topic. showed complete understanding of the project case and project status report
Content Understanding of the selected project case and of the EVA components. (30 marks)Lack of evidence of adequate understanding of the selected project case. Did not complete the tasks as instructedEvidence of basic knowledge and skills of developing project status report. Presented and completed few tasks but missed many components of the instructionsHas given a factual and/or conceptual knowledge and skills base in developing project status report. Attempted all tasks as instructed but some components were missingReasonable knowledge and skills of developing project status report Some minor items are missing from the tasks performed as per instructionsHas excellent skills in developing project status report The presentation was a concise summary of the selected project. All tasks attempted. Comprehensive and complete coverage of information.
Presentation Skills Oral communication skills in project environment (10 marks)Lack of evidence of minimal communication skills such as body language and eye contact. Minimal eye contact and focusing on small part of audience. The presenter did not get the audience engaged.Evidence of basic communication skills. Minimal body language was used by the presenters. Minimal evidence of engaging the audience.Evidence of good oral communication skills. Some members spoke to majority of audience, steady eye contact. The audience was engaged by the presentation.Spoke to majority of audience; very good body language, suitable volume speaking level, regular eye contact. The audience was engaged by the presentation.Has excellent skills in oral communication. Excellent body language, speaking volume & regular eye contact. The audience was engaged, and presenters held the audience’s attention.
Submission of supporting documents (30 marks)No or little submission of the relevant supporting documents.Submit some of the supporting documents or incomplete supporting documentsSubmit almost all supporting documents but some documents are missingSubmit all supporting documents but some components within the documents are missingComplete submission of the supporting documents which are excellent and covers all the requirements
PRJ5003 Project Constraint Management

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