Assessment Details Unit Code and Title: SBM3307 Project Development and Optimisation Assessment Overview Assessment TaskWeightingDueLengthULOAssessment 1: Online QuizMCQ of key content areas to identify further support needs10%Week 330 minsULO1,2Assessment 2: Article Summary:20%Week 71000 wordsULO1,2,3Assessment 3: Project Report30%Week 101500 wordsULO1,2,3 and 4Assessment 4: Essay40%Week 122000 wordsULO1,2,3,4,5 Assessment 1: Online Quiz Due date:Week 3Group/individual:IndividualWord count / Time provided:30 minutesWeighting:10%Unit Learning Outcomes:ULO1 Assessment Details: This online quiz will assess your knowledge of key content areas (Week 1 & 2 content) and to identify further support needs. For successful completion of the quiz, you are required to study the material provided (lecture slides, tutorials, and reading materials), engage in the unit’s activities, and in the discussion forums. The prescribed textbook is the main reference along with the recommended reading material. By completing this assessment successfully, you will be able to identify key aspects of scope management as per best project management practices. This will then help in achieving ULO1 and ULO2 and ULO-3. Marking Information: The quiz will be marked out of 100 and will be weighted 10% of the total unit mark. Assessment 2: Article Summary Due date:Week 7Group/individual:IndividualWord count / Time provided:1000 wordsWeighting:20%Unit Learning Outcomes:ULO1, 2 and 3 Assessment Details: The purpose of this assessment is to write a clear and objective summary of the original text. To write the assignment, you need to select One recent article published in peer reviewed journals relevant to the topic of Project Development and Optimisation. Student need to provide a link to the article summary that will be inserted in their article summary page and a full reference. Guidelines for writing a summary of an article: State the main ideas of the article.Identify the most important details that support the main ideas.Write in your own words and avoid copying phrases and sentences from the article unless they are direct quotation.Express the underlying meaning of the article, not just the superficial details.Your summary should be max 500 words.provide a link to the article summary that will be inserted in their article summary page and a full reference Marking Information: The article summary will be marked out of 100 and will be weighted 10% of the total unit mark. Marking Rubric Marking CriteriaNot satisfactory (0-49%) of the criterion mark)Satisfactory (50-64%) of the criterion markGood (65-74%) of the criterion markVery Good (75-84%) of the criterion markExcellent (85-100%) of the criterion markArticle choice (10 marks)The selected article does not reflect the subject’s main concept and is not peer reviewed.The selected article is in the field of the subject and reflects one of the main concepts suggested by the lecturer and is peer reviewed.The selected article is in the field of the subject, covers the main concepts suggested by the lecturer and is peer reviewed.The selected article is in the field of the subject and covers the concepts suggested by the lecturer and is scholarly and relatively current.The article directly discusses the main concepts suggested by the lecturer and is highly relevant, scholarly and recently published.Clarity of Expression (20 marks)Writing lacks clarity and coherence. Points have not been paraphrased well. There are many errors in spelling, grammar and punctuation.Writing is generally clear with some lapses in coherence. Some points have been paraphrased well. There are some errors in spelling, grammar and punctuation.Writing is clear and coherent. Most points have been paraphrased well. There are some errors in spelling, grammar and punctuation.Writing shows good clarity and cohesion. Points have been paraphrased well. There are few errors in spelling, grammar and punctuation.Writing shows excellent clarity and cohesion. Points have been skilfully paraphrased. There are no or very few errors in spelling, grammar and punctuation.Content (40 marks)The article’s main topic(s), aim/ purpose, key points and conclusions are missing, unclear, inaccurate and/or irrelevant.The article’s main topic(s), aim/ purpose, key points and conclusions are generally evident, but may be vague, incomplete, or have some inaccuracies.The article’s main topic(s), aim/ purpose, key points and conclusions are identified and summarised accurately in most parts. Some information may be irrelevant or inaccurate.The article’s main topic(s), aim/ purpose, key points and conclusions are identified and summarised clearly and accurately, providing a good overview of the article with minimal irrelevant or inaccurate information.The article’s main topic(s), aim/ purpose, key points and conclusions are identified and summarised clearly, accurately and precisely, providing an excellent overview of the original article.Summary (20 marks)The summary is not well organised, does not flow logically and is difficult to follow.The summary shows some organisation, but some parts may not flow logically and are difficult to follow.The summary shows organisation and is easy to follow, but occasionally still lacks flow.The summary shows coherent and logical organisation and most points are easy to follow.The summary shows coherent and logical organisation and has clear, well-structured points.Reference and Formatting (10 marks)Assignment is not presented as per APIC assessment presentation guidelines and includes insufficient application of APIC Harvard style of referencing.Assignment show some adherence to APIC assessment presentation guidelines and APIC Harvard style of referencing.Assignment mostly adheres to APIC assessment presentation guidelines and APIC Harvard style of referencing.Assignment completely adheres to APIC assessment presentation guidelines with few inconsistencies with APIC Harvard style of referencing.Assignment completely adheres to APIC assessment presentation guidelines and APIC Harvard style of referencing. Assessment 3: Project Report Due date:Week 10Group/individual:IndividualWord count / Time provided:1500 wordsWeighting:30%Unit Learning Outcomes:ULO1,2, 3 and 4 Assessment Details: In this assessment, the student would be provided a scenario in decision-making situations. In this assessment a decision-making situation about a project will be provided. The student needs to study the literature and find the best practice to analyses the situation with rationale. The team is required to focus on cost consideration, project delivery and execution from the perspective of sustainability, estimate cash-flow items both inflows and outflow for each alternative. The bases of estimations for estimates should be given. The team needs to decide about interest rate, project life, and other parameters that can affect economic analysis in this activity and apply one of the techniques to evaluate each alternative and select the best one. The student should finalize results of their last part of this assessment and conduct a sensitivity analysis for the case project. For sensitivity analyses, parameters should be selected, and scenarios of sensitivity analyses should be defined accordingly. For each scenario, the economic analysis should be done, and results should be compared and explained. The student should also provide parameters for due diligence processes and the information needs of stakeholders and supporters of the project. Marking Rubric Marking CriteriaNot satisfactory (0-49%) of the criterion mark)Satisfactory (50-64%) of the criterion markGood (65-74%) of the criterion markVery Good (75-84%) of the criterion markExcellent (85-100%) of the criterion markDemonstrate an understanding of sensitivity analysis and parameters used (15 marks)Poor understanding of sensitivity analysis and parameters used are justifiedSatisfactory understanding of sensitivity analysis and parameters used are justifiedGood understanding of sensitivity analysis and parameters used are justifiedVery good understanding of sensitivity analysis and parameters used are justifiedExcellent understanding of sensitivity analysis and parameters used are justifiedJustifications of parameters used in the sensitivity analysis (15 marks)Poor justifications of parameters used in the sensitivity analysisSatisfactory justifications of parameters used in the sensitivity analysisGood justifications of parameters used in the sensitivity analysisVery good justifications of parameters used in the sensitivity analysisExcellent justifications of parameters used in the sensitivity analysisAnalysis of different scenario based on economic analysis (15 marks)Poor analysis of different scenario based on economic analysisSatisfactory analysis of different scenario based on economic analysisGood analysis of different scenario based on economic analysisVery good analysis of different scenario based on economic analysisExcellent analysis of different scenario based on economic analysisProvide comparison and explanation on economic analysis for each scenario (15 marks)Poor comparative analysis and explanation on economic analysis for each scenario.Satisfactory comparative analysis and explanation on economic analysis for each scenario.Good comparative analysis and explanation on economic analysis for each scenario.Very good comparative analysis and explanation on economic analysis for each scenario.Excellent comparative analysis and explanation on economic analysis for each scenario.Demonstrate understanding on the importance of due diligence process and its scope. (15 marks)No evidence of understanding of due diligence processes and its scopeFair understanding of due diligence process and its scopeGood understanding of due diligence process and its scopeVery good understanding of due diligence process and its scopeExceptional understanding of due diligence process and its scopeIdentification and discussion on information needs of stakeholders, project sponsors and supporters. (15 marks)No identification and discussion on information needs of stakeholders, project sponsors and supportersSatisfactory identification and discussion on information needs of stakeholders, project sponsors and supportersGood identification and discussion on information needs of stakeholders, project sponsors and supportersVery good identification and discussion on information needs of stakeholders, project sponsors and supportersExcellent identification and discussion on information needs of stakeholders, project sponsors and supportersOverall presentation and integration of the discussion: presentation of the report with title page, the body of the report and conclusion. Referencing and citation comply with the Harvard style (5 marks)Incorrect use of Harvard citation rules in the body and reference list, and/or some citations in the body are not included in the reference listExhibit satisfactory use of Harvard citation rules in the body and reference list, and/or some citations in the body are included in the reference listExhibit good use of Harvard citation rules in the body and reference list, and/or citations in the body are included in the reference listExhibit very good use of Harvard citation rules in the body and reference list, and/or citations in the body are included in the reference listExhibit exceptional use of Harvard citation rules in the body and reference list, and/or citations in the body are included in the reference listGood grammar and good English expression. (5 marks)Poorly written in grammar and English expressionSatisfactorily written – grammar and English expressionWritten in good grammar and English expressionVery well written in good grammar and English expressionExcellently written in good grammar and English expression Assessment 4: Essay Due date:Week 12Group/individual:IndividualWord count / Time provided:2000 wordsWeighting:40%Unit Learning Outcomes:ULO1,2,3,4 and 5 Assessment Details: In this assessment, the student selects a project where principles of decision-making process in project management is applied. The student needs to do research on the literature of project management and understand the best practices in project management. Cost is an important aspect in decision-making. However, other than cost factor in delivering a project factor such as the sustainability factor in project management need to be considered too. Marking CriteriaNot satisfactory (0-49%) of the criterion mark)Satisfactory (50-64%) of the criterion markGood (65-74%) of the criterion markVery Good (75-84%) of the criterion markExcellent (85-100%) of the criterion markDescribe and discuss the principles and concepts of project management and optimisation with focus on sustainability (80%)Inadequate understanding of the principles of project management economics and project optimisationBasic knowledge only of the principles of project management economics and project optimization and limited depth of basic conceptsExhibits good breadth and depth of understanding of the principles of project management economics, project optimisation and project sustainabilityExhibits very good breadth and depth of understanding of the principles of project management economics, project optimisation and project sustainabilityExhibits excellent breadth and depth of understanding of the principles of project management economics, project optimisation and project sustainabilityOverall presentation and integration of the discussion: neat presentation of essay with title page, font size and structure of the report. The report is written in standard English. (10%)Very badly presented essay; lacks proper format and issues are not integrated into discussion. Written in poor English expression.Satisfactory presentation of essay but lacks proper format and issues are fairly integrated into discussion. Written in satisfactory English expressionGood presentation of essay but lacks proper format and issues are integrated into discussion. Written in good English expressionVery good presentation of essay but lacks proper format and issues are well integrated into discussion. Written in very good English expressionExceptional presentation of essay but lacks proper format and issues are well integrated into discussion. Written in excellent English expressionDemonstrates the correct use referencing for the sources and other materials used in the report. Harvard citation rules are applied in the report. (10%)Incorrect use of Harvard citation rules in the body and reference list, and/or some citations in the body are not included in the reference listSatisfactory use of Harvard citation rules in the body and reference list, and/or some citations in the body are included in the reference listGood use of Harvard citation rules in the body and reference list, and/or citations in the body are included in the reference listVery good use of Harvard citation rules in the body and reference list, and/or citations in the body are included in the reference listExceptional use of Harvard citation rules in the body and reference list, and/or citations in the body are included in the reference list
