Project Management PMBOK

• awareness of the fundamentals current expectations of best practice project management; • an understanding of the effective application of skills in complex projects to achieve key outcomes; • an understanding of the traditional Key Performance Indicators (KPIs) of Cost, Quality and Time and their interrelationship; • an understanding that in complex projects traditional KPIs are not the only measures of success and non-traditional KPI may be just as important; • an understanding that risk management is essential to project management; and • an understanding that every issue impacting the project has dimensions of risk which must be managed continuously. Resources Resource 1 - A Guide to the Project Management Body of Knowledge (5th Ed) (Chapters 4, 6,7,8) Resource 2 - The Collins Class Submarine Story (chapters 4-16 inclusive), Resource 2002 – Risk Matrix. Activities A. Reflect on your knowledge gained on the importance of the application of project management disciplines from Assignments One and Two. B. Read chapters 4-16 of The Collins Class Submarine Story. C. Review Chapters 4,6,7 and 8 of A Guide to the Project Management Body of Knowledge (5th Ed) Assessment Read chapters 4-16 of The Collins Class Submarine Story. At the end of chapter 16 the following is highlighted: On 28 August 1993 at the launch of the first submarine, Nuship Collins, several dignities spoke but the only words that people recalled were those of Don Williams: ‘We’ve launched on time and on budget, so put that in your pipe and smoke it’. Sometimes what is presented in public does not have the total view of the state the project. A. As the (not real) Project Director at that time you are required to write a 2300 word report to the Director-General Submarines commenting on the traditional Key Performance Indicators (KPIs) of Cost, Quality and Time. In your report include discussion on the interrelation of the KPIs and the status of the project. Comment on non-traditional KPIs and how they may apply to this project. Non-traditional KPIs may include but are not limited to things like Australian Industry involvement, environment and heritage factors, Industrial relations, Work Health and Safety etc.