BUMGT6973 - Business Management - Project Planning Environment - Cost Estimation - Report Writing Assessment Answer

BUMGT6973 - Business Management - Project Planning Environment - Cost Estimation - Report Writing Assessment Answer

Task:

Learning Outcomes:
Knowledge:
K1. Recognize the nature of projects and project management as a professional practice
K2. Critique the process for managing trade-offs among time, cost and performance
K3. Evaluate the human resource management theories applicable to project management and their impacts on organisational management and strategy
K4. Assess how project management facilitates the efficient management of organisations including: strategy, change management, organisational leadership and managing people
K5. Debate the techniques of time and cost estimation in the project planning environment

Skills:
S1. Establish the objective, scope and constraints of a project
S2. Assess the risks and uncertainties involved in projects, and develop project plans and techniques which address efficiency and effectiveness criteria
S3. Choose appropriate methodologies for monitoring and controlling the time and cost of a project procurement
S4. Prepare project management reports and/or presentations to communicate project proposals, planning and/or management strategies
S5. Demonstrate teamwork skills in the preparation of project management strategies and planning

Assessment Task 1: Individual Business - BUMGT6973

You are to develop a short business case, identifying a need for change within a firm or organisation, and develop the components required to “sell” the project, including any resources, (e.g. IT System), to deliver the proposed change, to senior management in the firm or organisation.
Part of this assignment is to develop a business case format. The business case should contain details of the project background, measurable objectives, current situation, problem/opportunity statement, critical assumptions and constraints, analysis of options and recommendations, preliminary project requirements, budget estimate and financial analysis, schedule estimate, and potential risks.
The project business case should be presented in the appropriate report format and include referencing in the APA style as appropriate.

Assessment Task 2: Team Project Plan - BUMGT6973

Part A: Written Report
In a team consisting of no more than 4 students, choose a ‘Business Case’ and prepare a Project Plan of a firm.
For students at Mt Helen and partner locations in Australia, you need to select a firm that is listed on the Australian Stock Exchange (ASX). For students at international partners you are to select a firm listed on the main stock exchange in your country. Listed firms give students far greater access to data—for example, they are required to publish Annual Reports.

Part B: Presentation
The presentation will be a verbal report delivered by each team to the class group. It provides an opportunity for each team to communicate the project findings and outcomes to other members of the student group. It is expected that each team will reflect on their learning from the project and discuss the use of relevant theory from the course material, as well as reporting on project outcomes.

Assessment Task 3: Final Examination - BUMGT6973

The exam is a partially sighted, closed-book exam of 3 hours duration. By partially sighted it is meant that students are provided a case study SEVEN days before the exam date. Besides the case study, short answer questions covering key concepts will require a response.

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