Manage Project and Project RISKs

Manage Project and Project RISKs

Each unit should be answered on a different file – each unit must be completed in a word version.
Manage Project and Project RISKs

This assessment project requires you to manage a project within your organisation or on the
basis of a simulation provided by your trainer. You will be required to manage the project from
the beginning stages of definition of the project scope through to implementation and review of
project outcomes. The total assessment project is broken into four parts. Part 1 requires you to
define the project. Choose a project that you are familiar with or one that you think you can work
on. Sample – launch of a new product such as a new car.
Task 1
a) Write a brief outline of the project you will be managing.
b) Detail the project outline to clarify any of the following project parameters where relevant:
o Budget
o Legislative or quality standards
o Integration of project within the organisation
o Resource requirements
o Risks
o Scope of project
o Timelines
c) Write a detailed project definition document that clearly outlines the scope of the project,
the project parameters, relationship to other organisational objectives and reporting
requirements.
Task 2
a) Select a range of project management tools to assist you manage your project. Describe
the tools and explain why you have chosen those tools.
b) Using your selected project management tools, define and sequence the key project
activities.
c) Prepare a budget for the project. Include costs associated with:
o labour
o materials
o direct costs (e.g. transport, travel, contracted services)
©InTech Institute of Technology – Manage Project and Project RISKs 2 | P a g e
o indirect costs (e.g. depreciation)
d) Prepare a risk management plan for the project.
Task 3
a) Include all information you have gathered from Task 1 and 2 above in a comprehensive
project plan. You may use the project plan format used by your organisation, or a
format given to you by your trainer or include the relevant sections from the list below:
o Executive summary
o Project objectives and deliverables
o Project milestones
o Project assumptions
o Project risks
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