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PMN610 Project Management Principles

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Question

Description

Conduct a feasibility study on a project concept. The feasibility study must analyse the Client Organisation’s vision, mission, strategic direction, corporate or business plan and determine if the project should proceed based on the project’s benefits alignment with their vision, mission, strategic direction, corporate or business plan. As organisations and projects are unique there are no pre-determined feasibility criteria has been provided. Thiswill be defined by you based on information you glean from the organisation, though should at least have three criterion and risk should be seriously considered as one of these. The feasibility study report must provide recommendations on the project future,
based on:
  • Information that supports the progress of the project;
  • Information that supports the discontinuance of the project; or
  • Information that supports the progress of the project based on an alternate approach.

Objective

The objective of this assignment is to assess the feasibility of a project, which would be undertaken during the initiating phase of the project lifecycle. The feasibility must be based on how the intended benefits, gained from undertaking the project, will assist the organisation achieve their strategic objectives. Project benefits, drivers and other criteria of success will generally be outlined by the Client Organisation and noted in the business case or project brief, you may not have access to this information. 

Study (Report) Requirements (Strict adherence is required)

In this assessment item you are required to develop and document a Business Case. You can use a proposal of your choice but are required to discuss this with your lecturer to ensure the appropriateness in terms of relevance and depth prior to documenting the work. Your Business Case or one of your peers’ will be subject to a group critique as part of Assessment 3 in this unit.

You are to write a report analysing the feasibility of a project concept. The report will record details of a feasibility study of a project concept of their interest. Ideally, the chosen project concept should be the one that has not obtained formal approval (as this may influence your recommendations) and is recognised and/or has significant details available within the public domain. In assessing the feasibility, students should consider, but not limited to, the following, aspects:
  • Brief background of the project
  • The anticipated outcomes and benefits of the project
  • Strategic goal/objectives of an organisation
  • Project drivers
  • Project assumptions, issues and constraints and their validity
  • Different options, alternatives or solutions considered or available (type, methods, project features, delivery approach, etc.) and their comparison
  • Broad risks present or associated in the project environment
  • The project brief may contain important project information, such as time and cost limitations that may prove helpful to this assignment.
You will also be required to discuss the briefly the theory of project management.

The report analyses the project using project management (PM) principles, processes and practices and appropriate/relevant knowledge areas that are discussed within the course materials and best practices using different sources (e.g., books, journal articles, websites, news articles, reports, interviews, and empirical data). The students need to provide a critical analysis using the appropriate PM terminology (please be careful as business terminology is different and easily identifiable), concepts and principles discussed in the unit.
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