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List of Abbreviation

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Table of Contents

Intro

Managing Projects
Faculty of Business and Law
Level: 6 Module: Managing Projects
Assignment Code: SIM335 Module Leader:Peter Asuata
Module Assessment:100% Submission Date:TBC

This is an individual assignment – Please you must complete both Task 1 and
Task2
TASK 1 (50% marks)
Q1 List and explain the four stages of Project Life Cycle and discuss the importance of
each of them. (8 marks)
Q2 What is a scope of a project? (5 marks)
Q3 Which project lifecycle would you use for your start-up project and why is it more
Appropriate than others? (6marks)
Q4 Explain risk and risk management, and describe the five stages of Risk Management
Process (15 marks)
Q5 a) List and explain quality audit in project management
b) Why do we do project evaluation?
c) What is the significance of monitoring a project?
d) Explain what a project control is, and give a relevant example (16 marks)
Answers 1-
A task is characterized as an impermanent endeavor that has a start and an end, and is
completed to make a particular item or administration, or outcome. Various undertakings can
have particular standards relying on their sorts (Burke, 2013). The significant qualities are
given:
Characterized endpoint: Since the venture has a start and at finish time, it tends to be
portrayed as brief undertaking.
Vulnerability: The uniqueness brings the components of vulnerabilities. The agents could
conceivably get the ideal outcomes.
Characterized Objectives: The entire venture spins around the pre-characterized targets. Every
goal gives a heading to individuals to do activities.
Particularity: Every undertaking ought to be novel as the unmistakable outcomes are required
in any case the reason for beginning a task is negligible.
Cross-usefulness: The venture is frequently included various errands that need an outside
support from other division.
Answer 2-
The venture scope is the assumptions for the scientists from the undertaking i.e., the particular
venture assignments, expectations, objectives, expenses, and courses of events. It includes the
limits of a given undertaking that generally clarifies the strategies of completing an
assignment and its assessment, jobs and responsibilities regarding every individual from the
group (Burke, 2013). To characterize the extent of the undertaking, one should initially decide
the accompanying parts of a venture:-

 Periods of the undertaking

 Accessible Resources
 Target and goals
 Errands to be performed
 Financial plan
 Plan

Answer 3-
The appropriate task structure for this situation would be functional structure. This is a direct
result of the accompanying reasons:

 Workers are profoundly energetic when they see plainly their vocation way inside the
useful units.
 Offering an undeniable degree of specialization.
 Prompts top notch specialized critical thinking.
 Representatives are feasible to become specialists.
 Utilitarian specialization can limit the expense of activity.
 Employee working abilities can be successfully enhanced.
 Can improve the job effectiveness and efficiency because of the specific abilities and
innovation.

Answer 4 –
Risk addresses any sort of vulnerability which will help to improve or lessen the capacity
to accomplish targets. It could be in many structures, including hazards influencing
accounts, security and protection, and the climate. Management of dangers in
undertakings should be possible by hazard appraisal and hazard moderation methodology.
In hazard appraisal, the potential dangers are recognized and their dangers are assessed.
In hazard alleviation designs, the methodologies in regards to limiting the effects of
potential danger occasions are talked about. The interaction requires a thorough meeting
to generate new ideas to distinguish the things that could really turn out badly in not so
distant future.

 Distinguish the dangers.

 Investigate the probability and effect of each.
 Focus on hazard dependent on big business targets.
 React to the danger conditions.
 Screen results and utilize those to change, as important.
Answer 5-
Checking, assessing, and controlling an undertaking are three unique viewpoints and needs
various devices to do the ideal errand. Quality control targets really taking a look at the
outcome to ensure that they are fulfilling the necessary guidelines. Project control contains
project plan following, assessment of the venture progress, and cost observing. For this
reason, different apparatuses, like PERT, WBS, and so forth, can be used (Trietsch and Baker,
2012). The undertaking control strategies remember the basic way techniques for request to
decide the errands that are pivotal for the finish of the whole task. Discussing the standard
control strategies, they include intensive data, survey, and examination.

TASK 2 (50% marks)

You are required to produce a report which explains a start-up phase of a new
business along with how you will manage that project. Specifically, you are to include
the concerns, project life cycle stages, processes, leadership, and control problems
associated with managing the full lifecycle of this start-up project. You are also to
evaluate the project from financial, human resource, and time perspectives along with
how you will balance the schedule, budget, quality, and risks to your start-up project.
Explain which techniques will be appropriate to utilise during your start-up project
and why you will use them.

While there are many issues you may want to include in this report, such as a business
model canvas, you must remember that this report is to be written from a project
management perspective and needs to focus on project management issues. However,
you should include a brief overview of the start-up idea (and any background
necessary to evaluate the project) as an appendix.

Answer-
The report is created from the task the board point of view. It traces the key exercises
that can help in the administration. A new change in globalized worldwide exchange
and the evacuation of exchange hindrances have expanded the opposition from
worldwide merchants. The organization is intending to introduce ERP to connect up
with the abroad association.
The task life cycle is a four-stage process that each undertaking chief follows them to
finish the venture. The phases in the process incorporate the inception stage, arranging
stage, execution stage, and conclusion stage (Buckingham and Coffman, 2014). The
justification behind having four phase in this model is that subsequent to leading
different examination studies, the specialist reasoned that these phases are the most
incredible to direct a task effectively. The task life cycle can help the colleagues in
making the progress. Another model has been suggested which is known as the
"Proficient Services Life Cycle". This model appeared on the grounds that the
customary venture life cycle model doesn't have any significant bearing all over.
The Project Management Institute suggested a venture life cycle which is vital for
assessment directors who supports in conveying the activities to the association's
customers ideal and effectively.
The venture has four stages:-
1: Beginning phase or period of preparing.
2: Arranging phase
3: Implementation phase
4: The end phase or conclusion stage.

1: The beginning phase

This is likewise called the beginning stage or period of preparation or invention. Here
the task thought is produced. This includes the thorough meetings to generate new
ideas. One should be key to the point of knowing how to make a methodology out of
that thought. Here the supervisor poses a ton of inquiries to. These inquiries are: What
is the matter? Will a specific task settle that matter? What could be the destinations to
suggest the venture? The preparation stage includes the accompanying undertaking:
improvement of SOW (Statement of Work), introducing a case situation,
advancement of an agreement.

2: The Planning Phase

The arranging stage is the second phase of the task life cycle. When the senior
administration gives the endorsement to the task thought, the improvement plans for
the undertaking are ready (Stark, 2015). At this phase, a ton of inquiries are posed by
the director to have a sound and doable arrangement. Which involves: What could be
the venture goals, and extension? What are the quantifiable boundaries to check for
the achievement? How to focus on the assignments and how to plan them?

3: The Implementation Phase

The implementation phase is the third period of the venture lifecycle. Here, the
genuine undertakings connected with the activities are performed. To do that viably,
the task requests goods, asset, and instruments that are additionally handled to meet
the undertaking goals. The main thing that is important in this stage is the exhibition.
In this way, it is routinely broke down and estimated. The execution stage includes the
accompanying perspectives: vital preparation and carrying out those techniques. The
accompanying inquiries are posed at this phase: How to improve the asset arranging?
Is the venture on a target way?
4: The ending phase
The ending and forth is the conclusion stage and is likewise called the end stage. This
denotes the finish of the venture. The documentation of the task is done and the
equivalent is accounted for to the senior administration by the undertaking director.
Every one of the forthcoming records is done in this phase (Kalverkamp, et.al, 2017).
This stage includes the accompanying angles:
Assets are gotten once again to the parent association.
The assets of the association are disseminated on new activities.
The undertaking is given over to the expected clients.

Conclusion
This report includes a careful conversation on dealing with organization venture. For that
reason, a conversation of different parts of a organization venture was finished. The report
contained two areas and every one of them had its importance. The primary segment
discussed the center standards of activities and their significance. The significance of extent
of a venture and how to conclude it was talked to sum things up. Besides, a conversation on
hazard the executive’s technique was additionally given. What's more, the quality techniques
that could be utilized for fruitful consummation of the venture were clarified. Then again, the
subsequent segment was to a greater extent a report that talked about a contextual
investigation of Wroxham.
 References
 Lovas, A., 2015. The risk of adverse selection and its management in the process of venture
capital investment (The experience of Hungarian investors).  Economy and Finance,  2(2), pp.186-
202.
 Burke, R., 2013. Project management: planning and control techniques. New Jersey, USA.
 Nicholas, J.M. and Steyn, H., 2017.  Project management for engineering, business, and
technology. Routledge.
 Yang, J.B. and Kao, C.K., 2012. Critical path effect based delay analysis method for construction
projects.  International journal of project management,  30(3), pp.385-397.
 Trietsch, D. and Baker, K.R., 2012. PERT 21: Fitting PERT/CPM for use in the 21st century.
International journal of project management,  30(4), pp.490-502.
 Hall, N.G., 2012. Project management: Recent developments and research opportunities.  Journal
of Systems Science and Systems Engineering,  21(2), pp.129-143.
 Mitra, A., 2012.  Fundamentals of quality control and improvement. Wiley.
 Osborne, R., Dunne, E. and Farrand, P., 2013. Integrating technologies into
‘‘authentic’’assessment design: an affordances approach.  Research in Learning Technology,  21.
 Crawford, J.K., 2014.  Project management maturity model. Auerbach Publications.
 Hwang, B.G. and Ng, W.J., 2013. Project management knowledge and skills for green
construction: Overcoming challenges. International Journal of Project Management, 31(2), pp.272-
284.
 Buckingham, M. and Coffman, C., 2014. First, break all the rules: What the world's greatest
managers do differently. Simon and Schuster.
 Stark, J., 2015. Product lifecycle management. In Product Lifecycle Management (Volume 1) (pp.
1-29). Springer, Cham
 Guibault, L., Westkamp, G. and Rieber-Mohn, T., 2012. Study on the implementation and effect in
Member States' laws of Directive 2001/29/EC on the harmonization of certain aspects of copyright
and related rights in the information society.
 Kalverkamp, M., Pehlken, A. and Wuest, T., 2017. Cascade use and the management of product
lifecycles. Susta
Assignment presentation and assessment

The answers to both tasks are independent and should be addressed separately.

Task 1 answers to five questions– (800 words) – completed as an individual task

Task 2 are port that is produced for task two (2200 words) – completed as an individual task

For your convenience both tasks should be submitted as one document, which contains both
individual tasks.

The criteria for assessing the task tworeport will be:

Report presentation (15%)

The extent to which the assignment represents an effective report. This will be judged on:

Appearance: Is a word count included at the end of the report? Is it within the specified
amount? Is the text double spaced?

Structure: Does the report follow the conventions of the format? Does it have a clear
introduction, explaining how it answers the questions? Do the sections of the report develop
ideas in a logical sequence? Are diagrams or other subsidiary information shown in
appendices?

Spelling and grammar: Are all words spelled correctly and is the meaning of sentences clear?

Referencing: Have appropriate references been included in the report. Has a recognised
referencing system been used for notation? (See relevant section in the Guide to Basic Study
Skills)

Use of relevant theory (35%)

Has the right theoretical content been chosen as the basis for answering the questions? Is there
evidence of the use of course notes and books? Is the theory that is selected significant to the
questions?

Analysis (50%)
This measures the extent to which students develop a structured argument for the points they
make, by combining relevant theory with the information provided in the questions.

The logical and comprehensive content to address the assignment criteria.

Any work submitted is subject to the University's rules and procedures governing
infringement of assessment regulations.
Grading Criteria SIM335 Managing Projects Individual Assignment

First Class (70 – 100%)

A creative and original response to the question. Critically reflecting on
perceived theory and experiences. Wide and appropriate use of sources
(theory and practice) based on reading and experiences. Answer written
fluently, with evidence of a highly developed capacity to structure work
systematically and argue logically.
Upper Second Class (60 – 69%)
Comprehensive knowledge of concepts and theories. Appropriate
application of theory and experience to the question answered. Ability to
inter-relate concepts and ideas.Some originality in approach and
awareness of scope and limitations. Answer systematically structured and
coherent.
Lower Second Class (50-59%)
Evidence of knowledge of concepts and theories.Attempts to relate and
balance theory and practice. Main issues addressed appropriately.
Mainstream texts and lecture notes used. Work presented in a structured
form but arguments weak in places.
Third Class (40-49%)
Evidence of uncritical knowledge of main concepts and theories.Limited
attempts to relate theory and practice relaying on personal opinion or
assertions.Limited evidence of reading.Presentation and structure weak in
several places.
Fail (0 – 39%)
Some knowledge of main concepts and theory but major omissions and /
or misunderstandings.Style and structure weak and overly
descriptive.Considerable limitations in ability to perceive the relationship
of theory and practice.Limited reading.
 SIM335: Management of Projects (Academic Year 2020)

Criteria 70% + 60-69% 50-59% 40-49% <40%

Use of The report identifies all The report identifies most On the whole, the report The report identifies some of The report fails to identify
relevant the relevant theories to of the relevant theories to identifies the relevant the relevant theories to answer the relevant theories to
theory answer to complete the answer to complete the theories required to to complete the task. The answer to complete the task.
task. The theories used are task. On the whole, the answer to complete the theories used are partly The theories used are not
described in detail. There theories used are described task. The theories used are described. There is some described. There is no
is clear evidence that in detail. There is clear sometimes described in evidence that course notes, and evidence that course notes,
Indicativ course notes, books and evidence that course notes detail. Overall, there is books are used. Theories used books or other sources are
e other sources are used. and books are used. clear evidence that course are sometimes significant in used. Theories used are not
weighting Theories used are Theories used are largely notes and books are used. listing the activities required to significant in listing the
= 40% of significant in listing the significant in listing the Theories used are successfully plan and manage a activities required to
60 mark activities required to activities required to significant in listing the major project. successfully plan and
successfully plan and successfully plan and activities required to manage a major project.
(24
manage a major project. manage a major project. successfully plan and
marks) manage a major project.

Analysis There is evidence of There is evidence of some There is evidence of some There is evidence of limited There is no evidence of
extensive research from a extensive research from a research to provide better research being conducted to research from a variety of
variety of sources to variety of sources to understanding to the provide better understanding to sources to provide better
Indicativ provide better provide better background of the task but the background of the task but understanding to the
e understanding to the understanding to the sources are not extensive. sources are not extensive. background of the task.
weighting background of the task. A background of the task. A There is some structured There is limited structured There is no structured
= 40% of argument taken for the argument taken for the points
structured argument is structured argument is argument taken for the points
60 mark points made. The relevant made. There are only limited
taken for the points made taken for the points made, made. The relevant theories
theories are not always combinations of the relevant
by combining relevant often by combining combined with theories with information are not combined with
(24 theories with information relevant theories with information researched or
marks) information researched or researched or provided in the
researched or provided in information researched or provided in the task. The task. The conclusions are provided in the task. The
the task. The conclusions provided in the task. The conclusions are not clear descriptive and do not link into conclusions are unclear and
are clear and link into the conclusions on the whole and have only limited the requirements of the task. only descriptive.
requirements of the task. are clear and link into the linkages into the Conclusions also do not link
requirements of the task. requirements of the task. into the requirements of the
task.

Presentat The presentation is clear. The presentation is on the The presentation is The clarity of the presentation The presentation is unclear.
ion and There are no or few whole clear, there are no partially clear. There are of the project is limited. There There numerous spelling or
Structure spelling or grammatical or few spelling or occasional spelling and or are spelling and or grammatical grammatical errors.The
errors. The report has been grammatical errors. The grammatical errors. The errors. The project has not been report has not been
referenced correctly, using project has been project has not always referenced correctly, using the referenced correctly, using
the Harvard style of referenced correctly, using been referenced correctly, Harvard style of referencing. the Harvard style of
Indicativ The layout is loose and was
referencing. A word count the Harvard style of using the Harvard style of referencing. A word count is
e difficult to follow.
is provided at the end of referencing. A word count referencing. A word count not provided at the end of the
weighting the report and is within the is provided at the end of is provided at the end of report and is not within the
= 20% of limit of 2000 words. The the report and is within the the report but is not within limit of 2000 words. The
The structure of the project is
60 mark report is text double- limit of 2000 words. The the limit of 2000 words. report is not text double-
not clear, cohesive or logical.
spaced. report is text double- The report is text double- Each chapter has been limited spaced.
(12 spaced. spaced.
marks) structured using some or no
sub-headings (signposts),
which made it very difficult to
The structure of the The structure of the project
follow. Additional diagrams
project is clear, cohesive The structure of the The structure of the is unclear, inconsistent and
and other subsidiary
and logical. Each section project is on the whole project is not entirely illogical. Sections are not
information are not shown in
has been clearly structured clear, cohesive and clear, cohesive or logical. clearly structured using sub-
the appendices and not
using sub-headings logical. Each chapter has Each section has partially headings (signposts) and do
properly referenced.
(signposts) and these been clearly structured been clearly structured not follow a logical order.
Appendices are irrelevant and
follow a logical order. using sub-headings using some sub-headings Additional diagrams and
are not able to provide a better
Additional diagrams and (signposts) and these on (signposts) but it is other subsidiary information
understanding to the report.
other subsidiary the whole follow a logical difficult to follow. are not shown in the
information are shown in order. Additional diagrams Additional diagrams and appendices and not properly
the appendices and and other subsidiary other subsidiary referenced. Appendices are
properly referenced. information are shown in information are sometimes irrelevant and are not able to
Appendices are relevant the appendices and shown in the appendices provide a better
and are able to provide a properly referenced. but not always properly understanding to the report.
better understanding to the Appendices are mostly referenced. Appendices
 report. relevant and are able to are occasionally relevant
provide a better and are at times able to
understanding to the provide a better
report. understanding to the
report.

Total mark: 100%