Subject Code and Title PROJ 6002: Project Planning and Budgeting
Assessment Assessment 2 – Cost and Quality Management Plans (2 parts)
o Part A: Module Discussion Activity
o Part B: Cost and Quality Management Plans
Individual/Group Part A: Individual
Part B: Individual/Group
Length Part A: 750 words/student
Part B: 1500 words/student
Learning Outcomes Successful completion of this assessment will result in
achievement of the following subject learning outcomes:
- Evaluate and apply a range of project scope, cost and
time management planning techniques and practices
to address the needs of complex project briefs,
including global, paying particular attention to issues
impacting project outcomes.
- Present and justify budgetary and planning outcomes
to a globally diverse range of stakeholders who
represent competing interests in order to obtain
agreement and commitment to action.
- Apply quality management planning tools and
techniques to achieve expected project outcomes.
Submission Part A:
Initial discussion by first half of Module 5.
Response to peer by 11:55pm AEST/AEDT Sunday End of
By 11:55pm AEST/AEDT Sunday First Half of Module 6
Weighting 50% (Part A: 10%; Part B: 40%)
Total Marks Part A: 10 marks
Part B: 40 marks
Project Cost Management includes the processes of planning, estimating, budgeting, financing,
funding, managing and controlling costs so that the project can be completed within the approved
PROJ6002_Assessment 2 brief_July 2019.docx Page 2 of 9
Project Cost Management planning begins with the process of developing cost estimates. In this
process, a project manager is tasked with considering all types of costs likely to be incurred in the
different phases of a project. In addition, the project manager will consider the risks likely to affect
costs and any variations these risks may cause. This helps the project manager to make more reliable
and usable cost estimates and ensure that any project budget variation due to unforeseen
circumstances is mitigated as much as possible. Once the cost-estimation process has been fully
carried out for each project activity, the project manager then combines the costs to determine the
project budget. Finally, the project manager will consider the steps he or she will take throughout the
project to ensure that the actual expenditure is kept within the budget specified.
Project Quality Management (PQM) includes the processes and activities of the performing
organisation that determine quality policies, objectives, and responsibilities so that the project will
satisfy the needs for which is was undertaken. PQM uses policies and procedures to implement, within
the project’s context, the organisation’s quality management system and, as appropriate, it supports
continuous process improvement activities as undertaken on behalf of the performing organisation.
PQM works to ensure that the project requirements, including the product requirements, are met and
Project Quality Management planning is the process of identifying quality requirements and/or
standards for the project and its deliverables, and documenting how the project will demonstrate
compliance with relevant quality requirements. The key benefit of this process is that it provides
guidance and direction on how quality will be managed and validated throughout the project.
This assessment has two parts. Part A is Module Discussion Activity and Part B is Cost and Quality
For Parts A, each student will construct an initial discussion in approximately 500 words to respond to
the following questions and post on the relevant Module discussion activity by the first half of the
Each student will also provide constructive feedback/comment in 250 words to at least one fellow
student discussion by the end of the Module. (Total 750 words for Assessment 2 Part A)
Part A: Module Discussion Activity
Defining project quality and its association to project cost management
How do you define quality in a project? Describe tools/techniques you think are a necessity for
planning a project’s quality management and how to implement them. Explain how the project cost
can be affected by poor quality and give some examples from the given case study.
Part A – provide an initial discussion of 500 words by first half of Module 5. Respond to at least one
fellow student discussion (Total 750 words for Assessment 2 Part A) by the end of Module 5.
PROJ6002_Assessment 2 brief_July 2019.docx Page 3 of 9
Part B: Cost and Quality Management Plans
Part B – You will use the given case study to complete this part individually or in a group of 2-3 students.
You will begin developing the cost management planning components of your Cost Management Plan
in Module 4. For this plan, you are responsible for developing the project cost estimate and a project
In addition to your cost estimates and budget, include a 750 words to describe the processes, and
tools and techniques you are using in your cost management plan, as well as justification of your
budgetary plan. You can use the templates found in this module’s Learning Resources or a format of
In Module 5, you will develop the quality management planning components of your Quality
Management Plan. Refer to the learning resources and the template provided for guidance.
The written portion of your quality management plan should consist of 750 words. You can use the
templates found in this module’s Learning Resources or a format of your own.
If you work in group, nominate a group leader within your group and this group leader will submit
the group assessment on behalf of the group.
At the end of your assessment, you will individually, and anonymously, evaluate the contribution of
your group members and yourself in this assessment, using the Group Contribution Form provided.
On a scale of 1 to 10, rate yourself and then rate each of your fellow group members on their
performance and contribution to this assessment. Individually submit the completed group
contribution form on Blackboard.
Complete and submit your Cost and Quality Management Plans assessment (by the group leader)
and group contribution form (individually) by the first half of Module 6.
Aaltonen, K., & Kujala, J. (2010). A project lifecycle perspective on stakeholder influence strategies in
global projects. Scandinavian Journal of Management, 26(4), 381–397.
AIMS (2015). What is Project Cost Management? Tools, Techniques and Processes for PMP & PMBOK
| AIMS Lecture. Retrieved from https://www.youtube.com/watch?v=PflAkMayixM
Ainamo, A., Artto, K., Levitt, R. E., Orr, R. J., Scott, W. R., & Tainio, R. (2010). Global projects:
Strategic perspectives. Scandinavian Journal of Management, 26(4), 343–351.
Heldman, K. (2013). PMP Project Management Professional Exam Study Guide (7th ed.). Indianapolis,
Chapter 5: Developing the Project Budget and Communicating the Plan
Chapter 6: (up to ‘Analyzing Risks Using Qualitative Techniques’)
Pensar, S. (2010, August 17). Five challenges in global projects. Retrieved from
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Project Management Institute. (2017). A guide to the project management body of knowledge
(PMBOK Guide®) (6th ed.). Newtown Square, Pennsylvania: Project Management Institute.
Project Management Institute. (2013). A guide to the project management body of knowledge
(PMBOK Guide®) (5th ed.). Newtown Square, Pennsylvania: Project Management Institute.
Section 7.1: Plan Cost Management
Section 7.2: Estimate Costs
Section 7.3: Determine Budget
Section 8.1: Plan Quality Management
Rodrigues, I., & Sbragia, R. (2013). The cultural challenges of managing global project teams: A study
of Brazilian multinationals. Journal of Technology Management and Innovation, 8. Retrieved from
Sahi, R. (2009). Managing Projects Across the Global Enterprise. Retrieved from
Snyder, C. S. (2013). A project manager’s book of forms: A companion to the PMBOK guide (2nd ed.).
Indianapolis, IN: Wiley.
Document: Cost Estimating Worksheet Template
Document: Cost Management Plan Template
Document: Quality Management Plan Template
Wysocki, R. K. (2014). Effective Project Management: Traditional, Agile, Extreme (7th ed.).
Indianapolis, IN: Wiley.
Chapter 5, section ‘Estimating Cost’
Document: Group Contribution Form
Submitted assessment will be marked using the Learning Rubric enclosed.
Students’ contribution in the group assessment will be calculated from the submitted Group
Contribution forms. This will then feed into each student’s assessment result.