MNG XXXXXXXXXXSP5 Workbook Ru
ic
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:
XXXXXXXXXX
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 - Ru
ic’ under ‘Assessment Tasks and Submission’ > ‘Assessment 2 – The Workbook’.
Contents
1 Topic 1: Project Management Introduction, Charter and kick-off 4
1.1 Project Selection Prioritization Matrix 4
1.2 Scope Overview (word limit: 150) 7
1.3 Milestone Schedule and Deliverables 8
1.4 Initial Risk Identification 8
1.5 Resources Required 9
1.6 Initial Stakeholder Identification 9
1.7 Team Operating Principles 9
1.8 Lessons Learned 9
1.9 Commitment 10
2 Topic 2: Communication plan, WBS, and RACI 11
2.1 Stakeholder Prioritization Matrix 11
2.2 Project Communications Matrix 11
2.3 Work Breakdown Structure 12
2.4 The RACI chart 13
3 Topic 3: Time management and Cost Management 14
3.1 AoN 14
3.2 Time estimation 14
3.2.1 Time estimation – Enumeration method 15
3.2.2 Time estimation – Two Pass method 15
3.3 Critical path 15
3.4 Resource Loading 15
3.5 Gantt chart 16
3.6 Resources and cost to activity 16
4 Topic 4: Progress reporting scope change, and crashing 17
4.1 Crashing your project 17
5 Topic 5: Risk management, and Quality management 18
5.1 Risk identification I 18
5.2 Risk identification II 18
5.3 Risk identification III 18
5.4 Quality tools 19
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 Ai
nb. 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 te
ible 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
Contracto
$125 per hou
Expert in carpentry
Apprentice I
$60 per hou
Expert in painting
Apprentice II
$40 per hou
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 floo
9
Sand floo
10
Refinish (paint) floo
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
ief (business case) in a short scope overview:
Type your
ief in this text box
Milestone Schedule and Deliverables
Based on the project
ief 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
ief, examples from the book and your own interpretation, please identify at least four potential risks to the project.
Project (Potential) Risks
Risk Owne
Contingency Plans
Resources Required
Based on the project
ief, 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
ief, examples from the book and your own interpretation, please identify at least four stakeholders to the project, their interest and priority to the project.
Stakeholde
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:
Sponso
Department / Organisation
Signature
N/A
Project Manage
Department / Organisation
Signature
N/A
Core Team Membe
s
Department/ Organisation
Signature
N/A
Topic 2: Communication plan, WBS, and RACI
Stakeholder Prioritization Matrix
Based on the project
ief, 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?
Powe
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
ief, examples from the book and your own interpretation,