BSBPMG421 - Assessment Task 1 V 1.2
BSBPMG421 - Assessment Task 1 V 1.2
BSBPMG421 - Assessment Task 1 V 1.2
Task 1
Apply project time
management techniques
BSBPMG421
Student Declaration
To be filled out and submitted with assessment responses
"
# I declare that this task and any attached document related to the task is all my own work and I have not
cheated or plagiarised the work or colluded with any other student(s)
"
# I understand that if I am found to have plagiarised, cheated or colluded, action will be taken against me
according to the process explained to me
"
# I have correctly referenced all resources and reference texts throughout these assessment tasks.
"
# I have read and understood the assessment requirements for this unit
"
# I understand the rights to re-assessment
"
# I understand the right to appeal the decisions made in the assessment
Unit Title
Unit Code
Student name
Emily Maia Alves
Student ID 88152
number
Student Emily Date
signature
1 23/05/2023
Task Number
"
# Student requested reasonable adjustment for the assessment
Student Name:
Assessor Name:
Assessor Signature:
Date:
Table of Content
Question 1 ...................................................................................................................................................................6
Question 2 ...................................................................................................................................................................7
Question 3 ...................................................................................................................................................................7
Question 4 ...................................................................................................................................................................8
Question 5 ...................................................................................................................................................................9
Question 6 ...................................................................................................................................................................9
References ................................................................................................................................................................ 10
It is advisable to:
• assessment coversheet,
• answers to all questions,
• references.
Question 1
Outline the work breakdown structure (WBS) content and how it enables effective
project planning and control.
(80-120 words)
The Work Breakdown Structure (WBS) it’s a tool normally used on complex projects to
breakdown the tasks helping managers to work in smaller sections. The system helps
managers to plan and control the project by sectioning the tasks in smaller components.
Question 2
Explain the implications of time management for project resources, costs and
risks.
Explanation (30-50 words/explanation)
Explain how effective time Time management have a big impact on a project to
management can make the ensure that all resources avaible are being used in the
best use of a project’s best way, reducing costs and timeframes. Time
resources. management involves prioritizing the tasks in the project
to assign the best resources to complete the task in a
more effective way.
Explain how effective time Time management involves resource allocation, the
management can keep a manager needs to be have knowledge of whats available
project’s cost down. within the company to avoid unecessaty expenses in the
project keepinh the costs to a minimum.
Explain how effective time When developning the project the manager need to
management can affect a identify the risks within the operation as well develop the
project’s risk. contingency plans in case the situation happens to deal
with it utilising assertive resources and minize lost and
costs.
Question 3
Describe the following methods for estimating task duration and resource
requirements.
Methods Description (30-50 words/description)
Analogous Estimating This method relates to utilising informations from past
projects to estimate costs and timeframes for a new
project. Normally used when there’s a limitation on data
to reach an estimative for the new project.
Parametric Model Estimating The Parametric Model Estimating is a statistical tool based
on accuracy to calculate the resoucers, the timeframes
and the costs needed for an effective project. The method
it’s based on variables to give the most accurate
estimation possible.
Question 4
Identify and describe three (3) tools or techniques used to manage project time
and summarise their applications.
Tool or technique Description and application (40-80 words/tool or
technique)
Gantt Charts The Gantt Chart it’s a tool that provides an overall visual
representation of the project showing the project
schedule, the personal assigned, the timeframes and the
progress. Normally used for small to medium projects
breaking down the tasks to be perfomed, helping to track
progress, identyfing risks areas and any delays on the
deliverables.
Question 5
Identify and describe two (2) methods to evaluate the effectiveness of time
management.
Method Description
(30-50 words/method)
Time Tracking The time tracking method intells in determing the time that
will be spent on each task. The Project Manager can utilise
this method to compare the time set aside for the task and
the real time spent on it helping to identify bottlenecks and
risk areas to make effective adjustments to the project
reducing risks and waste of resources.
Schedule Performance Index The Schedule Perofrmance Index is a method to track the
project progress against the timelines setted before. It also
compares the value of completed work against the time set
aside for the work to be completed. It’s an important
method that helps projects managers to have and overall
assessment of the project and keep track of the milestones
during the project to make any changes needed in the way.
Question 6
Explain two techniques used to measure, record and report the progress of
activities.
Technique Explanation (30-50 words/ technique)
Gantt Charts The Gantt Chart it’s a tool that provides an overall visual
representation of the project showing the project schedule,
the personal assigned, the timeframes and the progress.
Normally used for small to medium projects breaking down
References
3 Points Estimating
last edited by: Latha Thamma reddi on Apr 14, 2023 10:32 AM
https://www.projectmanagement.com/contentPages/wiki.cfm?ID=368763&thisPageURL=/wi
kis/368763/3-Points-Estimating#_=_
Bid Analysis
https://aavenir.com/glossary/bid-analysis/
Reserve Analysis
https://www.pm-exam.com/2022/08/reserve-
analysis.html#:~:text=What%20is%20Reserve%20Analysis%3F,was%20spent%20on%20u
nforeseen%20expenses
What is a KPI?