University : Laureate International University UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : PROJ6002
Assignment Task

 

Learning Outcomes Successful completion of this assessment will result in achievement of the following subject learning outcomes:
1. Evaluate and apply a range of project scope, cost and time management planning techniques and practices to address the needs of complex project briefs,
including global, paying particular attention to issues impacting project outcomes.
2. Present and justify budgetary and planning outcomes to a globally diverse range of stakeholders who represent competing interests in order to obtain
agreement and commitment to action.
3. Apply quality management planning tools and techniques to achieve expected project outcomes.

Context:
Project Cost Management includes the processes of planning, estimating, budgeting, financing, funding, managing and controlling costs so that the project can be completed within the approved budget.
Project Cost Management planning begins with the process of developing cost estimates. In this process, a project manager is tasked with considering all types of costs likely to be incurred in the different phases of a project. In addition, the project manager will consider the risks likely to affect costs and any variations these risks may cause. This helps the project manager to make more reliable and usable cost estimates and ensure that any project budget variation due to unforeseen circumstances is mitigated as much as possible. Once the cost-estimation process has been fully carried out for each project activity, the project manager then combines the costs to determine the project budget. Finally, the project manager will consider the steps he or she will take throughout the project to ensure that the actual expenditure is kept within the budget specified.

Part A: Module Discussion Activity
Defining project quality and its association to project cost management
How do you define quality in a project? Describe tools/techniques you think are a necessity for planning a project’s quality management and how to implement them. Explain how the project cost can be affected by poor quality and give some examples from the given case study.

Output:
Part A - provide an initial discussion of 500 words by first half of Module 5. Respond to at least one fellow student discussion (Total 750 words for Assessment 2 Part A) by the end of Module 5.


Part B: Cost and Quality Management Plans
Part B - You will use the given case study to complete this part individually or in a group of 2-3 students.
You will begin developing the cost management planning components of your Cost Management Plan in Module 4. For this plan, you are responsible for developing the project cost estimate and a project budget baseline.

 

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  • Posted on : May 06th, 2019
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