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BSBPMG533 Student Assessment Tasks
BSBPMG533 Student Assessment Tasks
Student Name:
Cohort/Batch: Campus:
Assessment Outcome
Assessor Name:
Not Yet
Attempt and Tasks Satisfactory Date Assessor Signature
Satisfactory
Initial attempt
Re- attempt/Re-
assessment
Assessment Task 1
Assessment Task 2
Assessor Name:
Re-assessment Process:
An appeal in writing is made to the Academic Manager providing reasons for re-assessment /appeal.
Academic Manager will delegate another member to review the assessment.
The student will be advised of the review result done by another assessor.
If the student is still not satisfied and further challenges the decision, then a review panel is formed comprising
the trainer in charge and the Academic Manager or if needed, an external assessor.
The Institute will advise the student within 14 days from the submission date of the appeal. The decision of the
panel will be deemed to be final.
If the student is still not satisfied with the result, he / she has the right to seek independent advice or follow
external mediation option with nominated mediation agency.
Any student who fails a compulsory subject or appeals unsuccessfully will be required to re-enrol in that subject.
The cost of reassessment will be borne by the Institute. The external assessor will base his/her judgement based on
principles of assessment. These principles require assessment to be reliable, fair, practical and valid.
Academic Appeals:
If you are dissatisfied with the outcome of the re-evaluation process, you have a right to appeal through
academic appeals handling protocol.
To appeal a decision, the person is required to complete the IIS’s Request for Appeal of a Decision Form with all
other supporting documents, if any. This form is available at the admin office. The completed Request for Appeal
form is to be submitted to the Student Support Officer either in hard copy or electronically via the following
contact details:
Student Support Officer: IIS Head Office at Leve 3, Suite 302, Macquarie St, Parramatta, NSW 2150
Email: info@IIS.edu.au
The notice of appeal should be in writing addressed to the Chief Executive Officer and submitted within seven
Plagiarism:
Plagiarism means to take and use another person's ideas and or manner of expressing them and to pass them
off as your own by failing to give appropriate acknowledgement. This includes material sourced from the
internet, IIS staff, other students, and from published and unpublished work.
Plagiarism occurs when you fail to acknowledge that the ideas or work of others arebeing used, which
includes:
• Paraphrasing and presenting work or ideas without a reference
• Copying work either in whole or in part
• Presenting designs, codes or images as yourown work
• Using phrases and passages verbatim without quotation marks or referencing the author or web page
• Reproducing lecture notes without proper acknowledgement.
Collusion:
Collusion means unauthorised collaboration on assessable work (written, oral or practical) with other people.
This occurs when a student presents group work as their own or as the work of someone else.
Collusion may be with another RTO student or with individuals or students external to IIS. This applies to
work assessed by any educational and training body in Australia or overseas.
Collusion occurs when youwork without the authorisation of the teaching staff to:
• Work with one or more people to prepare and produce work
• Allow others to copy your work or share your answer to an assessment task
• Allow someone else to write or edit yourwork (without rto approval)
• Write or edit work for another student
• Offer to complete work or seek payment for completing academic work for other students.
Both collusion and plagiarism can occur in group work. For examples of plagiarism, collusion and academic
misconduct in group work please refer to IIS’s policy on Academic integrity, plagiarism and collusion.
Plagiarism and collusion constitute cheating. Disciplinary action will be taken against students who engage in
plagiarism and collusion as outlined in IIS’s policy.
Proven involvement in plagiarism or collusion may be recorded on students’ academic file and could lead to
disciplinary actions.
Assessment Schedule
Task Due Date Student Signature Trainer Signature Comments
BSBPMG533
MANAGE PROJECT COST
International Institute of Sydney PTY LTD t/a Imperial Institute of Sydney
ABN: 23 610 424 336 | RTO CODE: 41568 | CRICOS CODE: 03944E
+61 272 522 525 | info@iis.edu.au | www.iis.edu.au Version: 1.1
Address: Suite 302, Level 3, 20, Macquarie Street, Paramatta, NSW 2150 5 | Page
This resource is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review
as permitted under the Copyright Act 1968, no part may be reproduced by any process without written permission as
expressed in the RTO Works License Agreement.
The information contained in this resource is, to the best of the project team’s and publisher’s knowledge true and
correct. Every effort has been made to ensure its accuracy, but the project team and publisher do not accept
responsibility for any loss, injury or damage arising from such information.
Introduction 4
Assessment Task 1: Knowledge questions 5
Assessment Task 1: Checklist 7
Assessment Task 2: Project Portfolio 8
Assessment Task 2: Checklist 15
Final results record 19
The assessment tasks for BSBPMG533 Manage project cost are outlined in the assessment plan
below. These tasks have been designed to help you demonstrate the skills and knowledge that you
have learnt during your course.
Please ensure that you read the instructions provided with these tasks carefully. You should also
follow the advice provided in the Student User Guide. The Student User Guide provides important
information for you relating to completing assessment successfully.
Assessment Task 1: Knowledge questions – You must answer all questions correctly.
Assessment Task 2: Project – You must work through a range of activities and complete a
project portfolio.
review the advice to students regarding answering knowledge questions in the Student User
Guide
comply with the due date for assessment which your assessor will provide
i Assessment information
Information about how you should complete this assessment can be found in Appendix
A of the Student User Guide. Refer to the appendix for information on:
Note: You must complete and submit an assessment cover sheet with your work. A
template is provided in Appendix C of the Student User Guide. However, if your RTO
has provided you with an assessment cover sheet, please ensure that you use that.
2. Discuss why key performance indicators are used in budgeting and provide three examples of
financial key performance indicators that can be used to determine the effectiveness of a
budget.
5. Explain the purpose of using spreadsheets for developing budgets and two key features of
using spreadsheets.
6. Explain two methods for conducting project cost estimating and at least one advantage and
disadvantage of each.
9. Explain how a cost plan can assist in managing costs and its use over the project life cycle.
10. Explain the key procedures that should be followed in the event of a cost change process
during a project.
11. Explain two processes that can be used to measure costs against project outcomes.
12. Outline the key role and at least four responsibilities of a project manager in relation to cost
management.
13. List three organisational policies and procedures that may apply to cost management in a
project environment.
Question 1
Question 2
Question 3
Question 4
Question 5
Question 6
Question 7
Question 8
Question 9
Question 10
Question 11
Question 12
Question 13
Assessor signature:
Assessor name:
Date:
Budget Template
review the advice to students regarding responding to written tasks in the Student User Guide
comply with the due date for assessment which your assessor will provide
Assessment information
i
Information about how you should complete this assessment can be found in Appendix
A of the Student User Guide. Refer to the appendix for information on:
Note: You must complete and submit an assessment cover sheet with your work. A
template is provided in Appendix B of the Student User Guide. However, if your RTO
has provided you with an assessment cover sheet, please ensure that you use that.
This project requires you to develop and manage a project’s costs. You must
manage the costs on two separate occasions across a project’s lifecycle,
including responding to variations, recording expenditure and creating financial
reports.
You can do this for a real project at your workplace, for a project associated with a
start-up business you are working on yourself or you can use the Simulation Pack
provided.
Vocational education and training is all about gaining and developing practical
skills that are industry relevant and that can help you to succeed in your chosen
career. For this reason, basing your project on real relationships with classmates
or work colleagues will mean that you are applying your knowledge and skills in a
relevant, practical and meaningful way!
If you use your own business or workplace, you should have sufficient financial
information to complete the requirements of the assessment (read through the
assessment to make sure you have access to the required information). Also
make sure that you have access to at least one cost-management related policy
and procedure, one budget and a Work Breakdown Structure (WBS) for the
project. Speak to your assessor to get approval if you want to base this on your
own business.
If you are basing this assessment on the case study business, read through the
Simulation Pack in preparation for this assessment. All the information needed to
complete this assessment is contained in the Simulation pack.
You will be collecting evidence for this unit in a Project Portfolio. The steps you
need to take are outlined below. Before you begin, complete page 4 of your
Project Portfolio. You must describe the organisation you are basing this
assessment on and provide a short description of the project for which you’ll
manage the cost.
Start working on Section 1 Determine project cost of your Project Portfolio. Steps
i
2 to 5 form part of Section 1.
If you are basing this assessment on the case study (Manager Networks), further
information to complete the next steps is available in the Simulation Pack.
If you are basing this assessment on your own business, you will need sufficient
numerical information to estimate costs, develop a budget and create a Cost
Management Plan.
the project task and its activities (including the Work Breakdown structure
(WBS)).
Make sure you review at least one policy and procedure relating to cost
i
management. You must also review a budget.
3. Meet with your project team members to discuss and agree on the project cost management
details
discuss the financial objectives of the project and agree on actions required to
maintain these objectives.
Take notes at the meeting, as you will use the agreed outcomes of the meeting
i
throughout your assessment.
Each meeting should take 30 minutes. This will either be attended in person by
your assessor or they will attend online. If you are in the workplace, you may like to
video record the session for your assessor to watch later (attach proof to Section 1
of your portfolio). Your assessor can provide you with more details at this step.
Make sure you follow the instructions above and meet the timeframes allocated.
During the meeting, you will need to demonstrate effective communication skills
including:
4. Develop a budget
First estimate the costs associated with the required resources for each
task/activity in the WBS (identified at your team meeting). Then use your estimated
costs to develop a budget for the project.
Use an appropriate estimation technique to estimate project costs (if you are using
i
the case study, the organisation’s policy and procedures stipulate that cost
estimates should be made using a bottom-up estimating technique).
Your budgeted amounts should not exceed the maximum resource costs agreed on
at your meeting.
Information should be obtained from a variety of sources:
Use the information you’ve gathered and developed in this assessment so far to
develop a Cost Management Plan that includes:
a brief introduction
i You may use the template provided in the Simulation Pack, or any other relevant
template.
Your plan should only include information that falls within the scope of your role and
responsibilities (you’ve already defined these in step 2).
The text of your plan should be in grammatically correct English, written in an
appropriate (polite, business-like) style.
i Start working on Section 2 Monitor project costs of your Project Portfolio. Steps 6 to
8 form part of Section 2.
Assume that a short period of time has passed and the project has commenced
(but has not yet been completed).
If you are basing this assessment on Manager Networks, further information to
complete the next steps is available in the Simulation Pack. Assume that one
month has passed.
If you are basing this assessment on your own business or workplace, you should
have sufficient financial information available about actual costs of the project to
date. The costs should indicate at least one variance requiring action.
6. Monitor the project costs (early on in the Project life cycle) and take any necessary action
First record any actual costs to your budget using the processes and procedures
outlined in your Cost Management Plan. Then use the recorded information to
identify any cost variations. For at least one variation:
identify at least two alternatives where resources and budget can be adjusted
to accommodate the variation
If you previously used the Budget Template, add the necessary information in the
i
relevant spreadsheet using the same MS Excel workbook. Otherwise, use the
processes and procedures of your specific organisation.
Make sure your actions match those outlined in your Cost Management Plan.
Assume you have permission to implement the budget and resource changes.
Draft an email to the stakeholder to share the report with them. In your email,
include general information about the report (e.g. what it is, how it can be accessed
such as a link to the cloud-based storage location or a reference to an attachment,
any action required by the stakeholder).
You may use the template provided in the Simulation Pack for your report, or any
i
other relevant template as per your organisation’s requirements.
The text of your report and draft email should be in grammatically correct English,
written in an appropriate (polite, business-like) style.
Assume that a further period of time has passed and the project has commenced
(but has not yet been completed).
If you are basing this assessment on Manager Networks, further information to
complete the next steps is available in the Simulation Pack. Assume that three
months has passed.
If you are basing this assessment on your own business or workplace, you should
have sufficient financial information available about actual costs of the project. The
costs should indicate at least one variance requiring action.
Use the additional financial information from the Simulation Pack or your business
to repeat steps 6 and 7 at a later period of time (before the project is completed).
First record any final income/expenses to your budget, then review your financial
reports (prepared in steps 7 and 8). Use the recorded information to:
identify any cost management issues over the project’s life cycle (at least one)
Make sure you have completed all sections of your Project Portfolio, answered all
questions, provided enough detail as indicated and proofread for spelling and
grammar as necessary.
Submit to your assessor for marking.
Completed
successfully? Comments
a brief introduction
identifying variations
Assessor signature:
Assessor name:
Date:
Student name:
Assessor name:
Date
Result
Feedback
I hereby certify that this student has been assessed by me and that the assessment has been
carried out according to the required assessment procedures.