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A. STUDENT/S TO COMPLETE

Course Name : HND in Business Management Student Number: Student Full Name:

Aruna Indrajith BalasooriyaLecturer Name:Edexcel Registration NoAssignment No./Name: H/601/1036 Unit No/Name- Unit 42/ Project Management

for Business Date Due: Date Submitted:Student Signature: Date:

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Grade

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Edexcel HND in Business

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Scenario

Higher National Diploma in Business

Assignment Front Cover Sheet

Unit Title: 42Project Management for Business

Tutor’s Name:

Assignment Title & Number:H/601/1036 Number 1

Learning Outcomes Covered:

Outcome1 Understand the principles of project Management

Outcome2:Be able to manage aproject’s human resources

Outcome3: Be able to apply project processes and procedures

Assessment Criteria Covered:

1.1 , 1.2, 1.3, 1.42.1, 2.2, 2.3,2.4,2.53.1, 3.2, 3.3,3.4Submission Date:

07/09/2014

Issue Date – 09/08/2014

The Waduge Woodworking Company is a small-to-medium sized custom furniture and

cabinet making company, with head-office and a spacious plant site at Industrial Estates,

Moratuwa, Sri Lanka. It’s Chairman and Chief Executive Officer is Chaminda Waduge now

in his late-sixties. His wife Mrs. Soma Waduge, being an aggressive business woman and

somewhat younger than her husband, now effectively runs the company.

Chaminda Waduge is affectionately known to all as "Wadoo" and so the company is

generally known as "Wadoo's". Chaminda, after an apprenticeship as a cabinet maker, started

his small furniture manufacturing business back in 1974 and he and his wife moved to their

present location in 1979. The company quickly gained a reputation for attractively designed

and well constructed furniture, using imported hardwoods and indigenous softwoods for its

products. Wadoo's now produces custom furniture to order, several lines of furniture for

wholesaler/retailers, and a number of variations of standard kitchen and bathroom cabinets,

including units made to order.

Over the years the Chaminda’s buisness continued to prosper and built up a loyal staff and

work force. More recently their son, Namal Waduge, has joined the company's management

after having obtained a commerce degree at the University of Colombo. At Namal Waduge's

insistence, lured by longer production runs and higher and more consistent mark-ups, the

company has embarked on a project to subcontract work supplying and installing counter-

tops, cabinets and similar fixtures for new commercial construction. To date, Wadoo's has

established a well-founded reputation for supplying millwork to the construction industry.

Wadoo's Corporate Profile

Head Office: Moratuwa, Sri Lanka

Business: Furniture manufacturing, custom millwork, and hardwood importer; privately held;

number of employees approx. 850. Major Shareholder: Soma Waduge Holdings Ltd. At

December 31, 2013, total assets were Rs. 181,000,000. In fiscal 2013, sales were Rs.

93,250,000 with net earnings of Rs. 6,540,000.

You are required to address tasks 1 and 2 based on the above given scenario.

Task 1

1.1 Based on the scenario describe the background of the project and the principles of project

management can be applied in general (LO 1.1)

1.2 Assess the viability of the Wadoo’s project based on a variety of criteria and develop the

success/failure criteria matrix (LO 1.2)

1.3 Explain the basic principles of project management systems and procedures that can be

applied in a scenario such as above (LO 1.3)

1.4 Explain the key elements of terminating a project such as Wadoo’s embarking on and

conducting the post-project appraisal (LO 1.4)

Learners are encouraged to concentrate on M 1.1 and D1.4 in order to achieve

distinction and merit grade descriptors when addressing the above tasks.

Task 2

2.1 Identify types of organizational structures that are suitable for a project environment and suggest the most suitable one for project Wadoo’s is embarking on. Also identify the roles and responsibilities of various hypothetical participants of the Wadoo’sproject (LO 2.1)

2.2 Explain why ‘control and coordinate’ aspect plays a major role in the management of a project such as the one given in the scenario (LO 2.2)

2.3 Asses what leadership qualities and requirements expected from Chaminda Waduge to successfully lead the project given on the above scenario (LO 2.3)

2.4 Elaborate why planning and specifying human resources and requirements is vital for a project such as Woody’s. (LO 2.4)

Learners are encouraged to concentrate on M2.1 and D2.2 in order to achieve

distinction and merit grade descriptors when addressing the above tasks.

Task 3

To address the following task, you are required to select a project undertaken by an organization of your choice.

Taking the project selected by you to address the task, execute the following and make a presentation on a multimedia slideshow.

3.1Present the plan for the project based on your research and establish the project organization (LO 3.1)

3.2 Present the schedule of the project, budget and cost control techniques used during the progress of the project (LO 3.2)

3.3 Analyze the methods used to measure the performance of the project (LO 3.3)

3.4 Explain the project change control procedures that have taken place in the project and evaluate the success of the completed project (LO 3.4)

Learners are encouraged to concentrate on M 3.3 and D3.5 in order to achieve

distinction and merit grade descriptors when addressing the above tasks.

Outcome/ Criteria Evidence Achieved Feedback

LO 01 Understand the principles of project management

1.1 Describe the background and principles of project management

1.2 Appraise the viability of projects, developing success/failure criteria

1.3 Explain the principles behind project management systems and procedures

1.4 Explain the key elements involved in terminating projects and conducting post project appraisals LO 02Be able to manage a project’s human resources

2.1 Identify the most appropriate organisational structure, roles and responsibilities of participants within a project

2.2 Control and co-ordinate a project

2.3 Assess project leadership requirements and qualities

2.4 Plan and specify human resources andrequirements for a project

LO 03 Be able to apply project processes and procedures

3.1 Prepare project plans and establish the project organisation

3.2 Apply project scheduling, estimating and cost control techniques

3.3 Analyse the methods used to measure project performance

3.4 Explain project change control procedures evaluate the completed project.

Assessment Criteria – MeritGrade Description (Merit) Possible evidence Achieved Feedback

M1. Identify and apply strategies to find appropriate solutions. M1.1- Effective judgments have been made

M2. Select/design and apply appropriate methods/techniques. M2.1- Relevant theories and techniques have been

applied

M3. Present and communicate appropriate findings.

M3.3- A range of methods of presentation have been usedand technical language has been accurately used

Assessment Criteria- Distinction

Grade Description (Distinction) Possible evidence Achieved FeedbackD1. Use critical applications to evaluate own work and justify valid conclusions.

D1.4- Conclusions have been arrived at through synthesis of ideas and have been justified

D2. Take responsibility for managing and organizing activities.

D2.2- Substantial activities, projects or investigations havebeen planned, managed and organized

D3. Demonstrate convergent/lateral/creative thinking.

D3.5- Innovation and creative thought have been applied

Strengths: Weaknesses:

Future Improvements & Assessor Comment:

Assessor: Signature: Date: ____/____/______

Internal Verifier’s Comments:

Internal Verifier: Signature: Date: ____/____/______