Project Management- ECM28EMD -Fall-2016-CW2-R-All ECM28EMD – Project Management 1 Assessment – Individual Assignment (Fall 2016) Module: Project Management (ECM28EMD) Max. Marks: 100 Submission Commences From : 10th December 2016 Final Submission Date : 21st December 2016 Module Title: PROJECT MANAGEMENT - ECM28EMD Module Instructor : Dr. George Agyekum-Mensah Dr. Andrew Arewa Dr. Prakash Kumar Udupi Dr. Manju Jose Preethy Kurian Semester: FALL 2016 Programme: MBA-IT & M. Sc.-IT Module Leader: Dr. Prakash Kumar Udupi Intended Module Learning Outcomes This assessment is designed to demonstrate the achievement of the intended module learning objectives. On completion of the assessment, students are able to: 1. Assess the business case for a project and recommend a strategy for reduction of uncertainties and the management of associated risk 2. Recommend a suitable structure and process for monitoring and control of a project 3. Select and apply appropriate tools and techniques for the planning and management of a project 4. Formulate a strategy for the implementation of change. 5. Select and apply an appropriate contract and pricing strategy Name of student: Name and ID Signature Due Date: 21st December 2016 Submitted on: Submitted to: Signature: Through MoodleProject Management- ECM28EMD -Fall-2016-CW2-R-All ECM28EMD – Project Management 2 Assessment – Individual Assignment (Fall 2016) Weightage 100% of module coursework Hand Out Date: 21 st October 2016 Submission Commences From : 10th December 2016 Final Submission Date : 21st December 2016 Introduction: You are required to develop a strategic project plan in the form of a document not more than 4000 words, excluding appendices and references. There is considerable freedom of choice for a suitable project scenario. But, whatever scenario you choose, assessment is against specific criteria that originate in the module learning outcomes. The module learning outcomes (1-5) are mapped to the following assessment criteria 1. Assess the business case for a project and recommend a strategy for reduction of uncertainties and the management of associated risk Assess the business case for a project and recommend a strategy for reduction of uncertainties and the management of associated risk 2. Recommend a suitable structure and process for monitoring and control of a project 3. Select and apply appropriate tools and techniques for the planning and management of a project 4. Formulate a strategy for the implementation of change. 5. Select and apply an appropriate contract and pricing strategy You have to choose between:  A suitable project area with which you are familiar, e.g. your workplace, or  A well-publicized disaster, requiring a significant and sustained response, or  A significant civil or construction, manufacturing or management (could also be an information systems) project (but not a scientific research project)  If you still have issues you can email me or come and discussProject Management- ECM28EMD -Fall-2016-CW2-R-All ECM28EMD – Project Management 3 Tasks: With your chosen scenario:  Briefly describe the initial structure – set baseline of the project  Create a strategic project plan with :  A strategic project analysis exercise  A change strategy with enough detail for:  A business case  Project planning and management tools  Monitoring and control structure  A risk reduction strategy using an appropriate approach to risk identification. Submission details are as follows 1. Submit a work proposal comprising of the following on or before 19th Nov 2016 (10 Marks) Template - Work Proposal for Assignments Proposal Title (Optional): Expected Deliverables of the assignment [The deliverables are the specific work products that student must produce in order to complete the assignment. Example: For a business analysis assignment, deliverables could be business analysis plan, feasibility report, business requirement specification etc.] Approach towards the solution [Specify the Literature, Software and Hardware, Tools and techniques needed to meet the assignment objectives] Potential risks foreseeable[Technical risk, Management risk, External risk etc. ]:Project Management- ECM28EMD -Fall-2016-CW2-R-All ECM28EMD – Project Management 4 Timeline and work breakdown (Gantt Chart): References: 2. Completed Project Plan document must include, all of the following details. 1 Introduction, Executive Summary 10 Marks 2 Business Case 3 Project Scope, Objectives 4 Risk identification, risk categorization, analysis, risk management along with mitigation plan 15 marks 5 Resource Plan 25 Marks 6 Estimation Plan 7 Communication Plan 8 Project Schedule (Task List, Summary tasks, WBS, Predecessor linking, Resource allocation, Gantt Chart, Network analysis diagrams) 9 Monitoring and controlling strategy ( Mile Stone, Base line, Critical Path, Float/Slack, etc.) 15 Marks 10 Acceptance Plan 11 Contracting and Pricing strategy 10 Marks 12 Change Management Details, ( Changes applied, redrawn baseline and its effects on scheduling / cost estimation or any other factors, Slack /Float role in change management.) 15 Marks 13 Critical Evaluation and Concluding Remarks 14 ReferencesProject Management- ECM28EMD -Fall-2016-CW2-R-All ECM28EMD – Project Management 5 The options above give scope for a great variety of responses. Given that, it would be extremely odd if two people happened to produce similar reports and any such similarities would be fairly easy to detect. Appropriate penalty would be applied under such circumstances as per MEC PG regulations. Documentation Requirements  Adopt academic conventions appropriate to a higher degree  Avoid 'cut & paste' model solutions  Use project management software (MS-Project).  You will be assessed on managerial and strategic insights, not detailed Techniques  Don't breach company confidentiality  Pay close attention to assessment weighting and allocate your effort proportionately  Use MEC LMS Moodle for peer and tutor support  Try to submit coursework as a single piece, preferably in Microsoft Word or Adobe PDF format  Include full name and module details Note  Soft copy of the document must be uploaded through Moodle, on and before 21 st December 2016.  Ethical form must be uploaded along with your report.  Presentation is mandatory for awarding marks and will be conducted only after submission. If absent for presentation, zero marks will be awarded. Submission links will be opened from 10th December 2016. Presentation will be commenced from 11th Dec 2016 and must be completed on or before 29th Dec 2016. Please discuss with your faculty for finalizing presentation schedules. Criteria The assignment will be assessed out of 100 marks using the following criteria. The marks awarded would be then scaled to 70. You will have demonstrated ability to:Project Management- ECM28EMD -Fall-2016-CW2-R-All ECM28EMD – Project Management 6 1 Work Proposal. (Must be submitted on or before 19th Nov 2016). (10 marks) 2 Identify and evaluate a suitable business case for a project. (10 marks) 3 Recommend a strategy for reduction of uncertainties and the management of associated risk. (15 marks) 4 Identify and apply appropriate planning and management tools for the project (25 marks) 5 Recommend a suitable structure and process for the monitoring and control of a project (15 marks) 6 Identify, discuss and select the appropriate contract and pricing strategy. Give brief justifications about your selections. (10 marks) 7. Formulate a strategy for the implementation of change. (15 marks) The assignment evaluation sheet is attached at the end of this document for your reference. Assessment criteria: The following criteria will be interpreted appropriately according to the nature of the assessment and the general framework set by the module aim and learning outcomes. For a mark of >69% • Show a thorough understanding of the purpose of the activity. • Display knowledge of the major principles, theories, methodologies, and practices involved in Project Management and an ability to apply them effectively. • Provide evidence of wide reading, including academic journals. • Demonstrate an ability to select critical points, evaluate them and communicate the conclusions effectively. • Provide approaches that are creative, practicable, and supported.Project Management- ECM28EMD -Fall-2016-CW2-R-All ECM28EMD – Project Management 7 • Provide a sound, supported critique of your own work. • Provided sound and supported discussions of further research that may be needed. For a mark of 60-69% • Show a clear understanding of the activity. • Display knowledge of most of the principles, theories, methodologies, and practices involved in Project Management and an ability to apply them effectively. • Provide evidence of wide reading. • Demonstrate an ability to select critical points and analyse them and draw sound conclusions. • Provide approaches that are creative and practicable. • Provide a supported critique of your own work. • Provide supported, discussions of further research that may be needed. For a mark of 50-59% • Show an adequate understanding of the activity. • Display knowledge of some of the principles, theories, methodologies, and practices involved in Project Management and an ability to apply them. • Provide evidence of some reading related to the proposal. • Demonstrate an ability to select key points in the exercise and analyse them. • Provide approaches that are less creative or might not be entirely practicable • Provide a critique of your own work. • Provide discussions of further research that may be needed. For a mark of 40-49% • Show a barely adequate understanding of the purpose of the exercise. • Display knowledge of some of the principles, theories, methodologies, and practices involved in Project Management and attempt to apply them. • Provide evidence of reading limited relevant literature. • Attempt some analysis and discussion. • Show some ability to link theory to problems and provide solutions. For a mark of 25-39% • Made an attempt to complete the exercise. • Show little or no understanding of the principles, theories, and practices involved inProject Management- ECM28EMD -Fall-2016-CW2-R-All ECM28EMD – Project Management 8 Project Management. • No evidence of academic reading. • An inability to recognise the key points. For a mark of <25% • Work lacks any academic merit as adjudged by the foregoing. Appendices Information should only be included if it serves a purpose. If an appendix serves a purpose, it will be referred to in the main text. Use the appendices for technical discussions, including any details of statistical tests you have performed. This section is use to convince other management scientists that you know what you are talking about. Penalties:  Work submitted up to 1 week (5 working days) after the due date for submission will lose 10% of the mark (after internal moderation).  Work submitted after this, but up to 2 weeks (10 working days) late will lose 20% of the mark (after internal moderation).  Work tendered for submission more than 2 weeks (10 working days) after the due date will not be accepted and an absence will be recorded for the assessment concerned. This will count as a failed attempt and may result in you failing the module overall.  The term week should be taken to mean 5 working days (i.e. Sunday to Thursday excluding days of official closure (e.g. public holidays). Please refer to the MBA –IT programme handbook for the penalty on plagiarism/academic cheating. Plagiarism Policy As per MEC policy, any form of violation of academic integrity will invite severe penalty. Plagiarized documents, in part or in whole, submitted by the students will be penalized as per MEC policies.Project Management- ECM28EMD -Fall-2016-CW2-R-All ECM28EMD – Project Management 9 MBA-IT/M.Sc-IT (ECM28EMD) – PROJECT MANAGEMENT Individual Assignment Evaluation Sheet (FALL 2016) ID No : _______________ Student's Name : ______________________________ Deliver ables Criteria 0-2 3-6 7-10 Mark Task 1 Work Proposal Not Submitted / Poor Compilation /Partial compilation of work proposals Proposal Title, discussion on expected deliverables of the assignment, approach towards the solution, discussion on potential risks foreseen , timeline, work breakdown and references found Satisfactory / Good. Very Good / Excellent work proposal covering all the areas as mentioned in the handout Examiner's comments : Deliver ables Criteria 0-2 3-6 7-10 Mark Task 2 Business Case Not Submitted / Poor Compilation /Partial compilation of Business Case Introduction, executive summary, business case, project scope, objectives discussion found Satisfactory / Good. Scope of improvements on certain information exists. Very Good / Excellent compilation and discussion on business case and associate components covering all aspects Examiner's comments : Deliver ables Criteria 0-3 4-9 10-15 Mark Task 3 Strategy for reduction of uncertainties and the management of associated risk Not Submitted / Poor Compilation /Partial compilation and poor discussion of risk management Good / Satisfactory identification of risks, strategy for reduction on uncertainties and management. However improvements needed in risk identification / risk management / mitigation plan. Very Good / Excellent risk identification and uncertainties. Very good /excellent discussion on risk management and mitigation plan Examiner's comments :Project Management- ECM28EMD -Fall-2016-CW2-R-All ECM28EMD – Project Management 10 Deliver ables Criteria 0-5 6-17 18-25 Mark Task. 4 Identify and apply of appropriate planning and management tools Uncompleted/ Poor selection and usage of project planning and management tool Satisfactory / Good usage of project planning and management tools and techniques. However few of the techniques / tools utilization needs improvements. Visual representation / illustrations needs improvements. Very Good / Excellent usage project management tools and techniques with suitable illustrations. Very good / Excellent presentation of information on project planning and management tools Examiner's comments : Deliver ables Criteria 0-3 4-9 10-15 Mark Task. 5 Recommendat ion of a suitable structure and process for the monitoring and control of the project Uncompleted/ poor Media File Satisfactory / Good usage of suitable structures and process for project monitoring and control. However illustration and overall improvement needed in few of the monitoring components selected Very good / Excellent usage of suitable structure and process for the monitoring and control of the project. Identification and discussion of monitoring component found very good / excellent Examiner's comments : Deliver ables Criteria 0-2 3-6 7-10 Mark Task. 6 Contract and pricing strategy Uncompleted/ Poor selection, compilation of contracting and pricing strategy Satisfactory / Good discussion on contracting and pricing strategy. However justification needs improvements Very Good / Excellent discussion on contracting and pricing strategy. Identification /selection and justification found very good / excellent Examiner's comments :Project Management- ECM28EMD -Fall-2016-CW2-R-All ECM28EMD – Project Management 11 Deliver ables Criteria 0-3 4-9 10-15 Mark Task. 7 Strategy for implementing change Uncompleted/ Poor selection, compilation change management strategy Satisfactory / Good compilation and discussion on change management strategy. However reflection of change management details of few components needs improvements. Very Good / Excellent compilation of strategy for implementing change management. Reflection of changes clearly observed and strategy discussed found very good / excellent. Examiner's comments : Total Marks Penalty Final Mark Examiner : Sign : Date : Internal Moderator : Sign : Date :