SIM335: Managing Projects Individual Assignment
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Description
Faculty of Business and Law
Level: Top-Up Module: SIM335 Managing Projects
Assignment Code: SIM335 Managing Projects Module Leader: Yannis S
Submission date:
Submission to be made electronically in PDF or .doc format via Turnitin
Contribution to module assessment: 100%
This is an individual assignment – complete both tasks 1 and 2
Background: The assignment is intended to bring out the benefits and limitations of the four stages of Project life cycle with different approaches to project planning and control by relating these to the circumstances in the cases outlined. It is also intended to allow students to demonstrate their learning and competence in respect of the management of resources generally but in particular elements of scope, schedule, quality, and cost.
Task 1 (40% marks) 600 words (+/- 10%)
Q1. What are the core principles/characteristics of any project and why are they important? (8 marks).
Uniqueness, Temporary, Finite budget, Iterative, Specification, Uncertainty
Q2. How would you have defined the scope of the project in Task 2; case study (Concrete Masonry Corporation) (6 marks).
Q3. Using the information below, plot out a full project Network diagram and identify the critical path? (2 marks)
How many days does it take to complete the project? (2 marks)
What are the benefits of using a Gantt chart? (2 marks). (Total 2×3=6 marks)
Q4. Define one of the following cost appraisal methods; NPV, Payback or IRR. What are the benefits of your chosen method? (4 marks).
(See the book: Page 65 to Page 69) and supplementary Notes lecture
Q5. How would you have assessed and managed the risks on the project in Task 2; case study (Concrete Masonry Corporation) (6 marks).
Q6 Outline and explain the purpose of Quality audits. Identify the reasons why such methods (Project evaluation, Monitoring and Control) would you introduce to ensure this Task 2; project (Concrete Masonry Corporation) is completed successfully (10 marks).
Tasks Precedence Time
a – 3 days
b a 6 days
c b 3 days
d b 4 days
e c 5 days
f c 4 days
g d 6 days
h f 3 days
j h 4 days
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