PROJ6002_Assessment_1.docx
ASSESSMENT 1 BRIEF
Subject Code and Title Project Planning and Budgeting
Assessment Project Scope and Quality Management Discussion Activity
Individual/Group Individual
Length 500 words
Learning Outcomes The Subject Learning Outcomes demonstrated by successful
completion of the task below include:
(a) Evaluate and apply a range of project management
tools, techniques and practices to diverse global
projects.
(b) Evaluate budgetary and planning outcomes against project
success measures, including stakeholder expectations.
Assessment Task
Critically analyse the Assessment 1 question as outlined in the Case Study provided by the Learning
Facilitator by end of Module 1. Then, respond to the question with a 500-word discussion forum post
and a 250-word critique of another student's initial post.
Please refer to the Instructions for details on how to complete this task.
Context
Project Scope Management involves processes to ensure that the project incorporates all work
equired to complete it successfully. Managing project scope involves defining and controlling what is
included in the project.
One of the keys to project success is effective scope management. Uncertainty about a stakeholder's
needs or problems leads to a misleading definition (scope of work). Rework and extra effort may
impact project costs and timelines.
Documenting how the project will demonstrate compliance with quality requirements and standards
is the process of project quality management planning. This process helps to manage and validate
quality throughout the project.
For a project to be successful, the performing organisation must define and implement quality
policies, objectives, and responsibilities.
Critically analyse the Assessment 1 question outlined in the Case Study and conduct research related to
the topics outlined in the question.
1. Write a 500-word initial post analysing the question and key issues. Cite all sources used to
inform your post, including learning resources and academic or industry literature. The
eference list is not included in the word count.
2. Read another student’s post. Consider their post and compare it with the research you have
conducted. This approach will allow you to “critique” their view. You can do this by
highlighting your agreement and/or disagreement with their post. You must justify and
explain your critique. You will need to cite industry and academic literature. Your answe
must be 250 words. The reference list is not included in the word count.
Referencing
It is essential that you use the most recent edition of APA style for citing and referencing research.
Please see more information on referencing in the Academic Skills webpage.
Submission Instructions
Submit your answers in an academic style, including both in-text citations and a full reference list using
the co
ect APA style of referencing.
Your assessment will be formally graded via the Grade Centre by your Learning Facilitator and
feedback will be provided through My Grades.
https:
li
ary.to
ens.edu.au/academicskills/apa/tool
JP_Red Bank Case Study(1).docx
J.P - Red Bank Project
The Red Bank is a key player in Australia financial market. With
consideration of continuous raise of cash rate, the Red Bank plans to
improve its risk management practice in loan approval and repayment
control. J.P Consultancy upholds its exceptional world- wide reputation
in providing financial consultation services and advice to commercial
anks. Therefore, when the Red Bank approaches J.P to seek its
services, J.P’s Business Development Executive (Lachlan Smith)
suggested a four-month end to end project to assist the Red Bank to
eform its risk management system, processes and practices.
The objectives for the project include: (1) to research and customise a
isk management framework for the Red Bank; (2) to on-site deliver the
newly designed risk management framework and ensure the
implementation in the Red Bank; (3) to evaluate the new framework and
eady for whole organisation rollout.
The project contains five phases and multiple hurdles to be crossed. A
drafted action list is presented in Table 1. Potential budgetary allocation
is suggested in Table 2. J.P has a sufficient talent pool, and many
capable staff could be assigned to this project. The available staffing mix
is shown in Table 3.