BSB51415 Diploma of Project Management

BSBPMG514 Manage project cost

Assessment 3

Submission details
This assessment task must be submitted online by the due date specified by your
Trainer/Assessor and the Assessment Plan for this unit of competency.

Students are required to answer all questions within each assessment task and be
assessed as “Satisfactory” in each to gain competency in Manage project cost

Any variations to this arrangement must be approved in writing by the assessor.

Performance objectives

This assessment will require you to :

Report on the financial outcomes of the project and to summarise the financial
issues that arose in order to take into account for future projects.

Project Description

The landscaping project has been successfully completed. The client is relatively
happy. The project manager is happy. Everyone is starting to consider the next
project. Create a checklist of all the activities done to signify financial completion
of the project. Complete a final costing of the project for forwarding to Oz Market
Consulting and finally conduct a project outcome review.
To complete this assessment refer to must refer to Assessment 2 and also

Your instructor will ensure you are provided with the correct equipment and/or
materials to complete the assessment. They will also inform you of how long you
have to complete the task.

BSBPMG514 Assessment 1 Version: v17.0 Page 1 of 6

Developed by: Nortwest Pty Ltd Approved by: AM Issued: June 2017 Review: June 2018
 BSB51415 Diploma of Project Management
BSBPMG514 Manage project cost

Assessment 3
Scenario:
The landscaping project has been successfully completed. The client is relatively happy.
The project manager is happy. Everyone is starting to consider the next project.

BSBPMG514 Assessment 1 Version: v17.0 Page 2 of 6

Developed by: Nortwest Pty Ltd Approved by: AM Issued: June 2017 Review: June 2018
 Task 1:
This activity has multiple parts. Ensure you complete each part:
A. Checklist
B. Final Cost of Project
Before you can start your next project, you need to finalise the landscaping project.

Part A
Create a checklist of all the activities done to signify financial completion of the project.

Position Hourly Rate Cost

Project Manager $60.00 $1800.00
Project Account $50.00 $200.00
Manager
Project Department $50.00 $200.00
Heads

Laborer $25.00 $450.00

Plant operators $30.00 (wet hire) $270.00
Landscape designer $100.00 $550.00
$3470.00

Plants Price per variety Cost

Flowers $1.00 $200.00
Shrubs $2.00 $80.00
Trees $10.00 $50.00

$ 330.00

Material Price per tonne Cost

Soil $30.00 $ 540.00
Stone $20.00 $300.00
Sand $20.00 $ 200.00

$1040.00

BSBPMG514 Assessment 1 Version: v17.0 Page 3 of 6

Developed by: Nortwest Pty Ltd Approved by: AM Issued: June 2017 Review: June 2018
 Miscellaneous Price per linear Cost
metre
Turf $5.00 $ 150.00
Drainage (AG Pipe) $2.00 $ 95.00
Fencing $10.00 $ 220.00

Watering Equipment $3.00 $ 236.00

$701.00

Total: 5541,00

Part B
Complete a final costing of the project for forwarding to Oz Market Consulting.

Position Hourly Rate Cost Final Cost

Project Manager $60.00 $1800.00 $1800.00

Project Account $50.00 $200.00 $200.00

Manager

Project Department $50.00 $200.00 $350.00

Heads

Laborer $25.00 $450.00 $600.00

Plant operators $30.00 (wet hire) $270.00 $370.00

Landscape designer $100.00 $550.00 $550.00

BSBPMG514 Assessment 1 Version: v17.0 Page 4 of 6

Developed by: Nortwest Pty Ltd Approved by: AM Issued: June 2017 Review: June 2018
 $3470.00 $3870.00

Plants Price per variety Cost Final Cost

Flowers $1.00 $200.00 $250.00

Shrubs $2.00 $80.00 $132.00
Trees $10.00 $ 50.00 $50.00

$ 330.00 $ 330.00

Material Price per tonne Cost Cost

Soil $30.00 $ 540.00 $ 780.00

Stone $20.00 $300.00 $500.00
Sand $20.00 $ 200.00 $ 200.00

$1040.00 $1480.00

Miscellaneous Price per linear Cost Cost

metre
Turf $5.00 $ 150.00 $ 150.00
Drainage (AG Pipe) $2.00 $ 95.00 $ 95.00

Fencing $10.00 $ 220.00 $ 330.00

Watering Equipment $3.00 $ 236.00 $ 236.00

$701.00 $811.00

Total: $6491.00

Task 2:
Using the data collected throughout this assessment activity, conduct a project outcome
review and answer the following questions.
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Developed by: Nortwest Pty Ltd Approved by: AM Issued: June 2017 Review: June 2018
 1. Was the project cost effective?
Yes
2. Did the processes used to manage the costs on the project prove to be efficient?
Yes. I could predict an accurate timeline for the project, and also pre-book dates
and lock in quotes from contractors, due to the use of all information given ti
the project.
3. How could you improve the processes used to ensure a better outcome on the
next project?
By keeping a clear communication with stakeholders, by looking for more
specific qualified professionals.
4. Any other improvements you would recommend?
Avoid unexpected deliveries, using local products and native plants.

Explain your answers.

Task 3:
Using the data collected create a recommendation report that shows how to make
improvements for the next project.
- Confirm scheduling with all deliveries and suppliers with advance;
- Make sure the weather will be favorable for work;
- Keep records and keep forecast of budget;
- Meetings are important and enlightening, so keep weekly meetings.
- Maintain the same contractors and suppliers, it may reduce costs.

BSBPMG514 Assessment 1 Version: v17.0 Page 6 of 6

Developed by: Nortwest Pty Ltd Approved by: AM Issued: June 2017 Review: June 2018