Calculate Accounting Rate of Return for coffee shop project

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Reference no: EM132283797 , Length: word count:2500

Undertake Project Work - Written Response Assignment -

Purpose of the Assessment - The purpose of this assessment is to assess the student in the following learning outcomes:

  • Access project scope and other relevant documentation.
  • Identify limits of own responsibility and reporting requirements.
  • Clarify relationship of project to other projects and to organisation's objectives.
  • Determine and access available resources to undertake project.
  • Develop project plan in line with the project parameters.
  • Identify and access appropriate project management tools.
  • Formulate risk management plan for project, including WHS.
  • Establish and maintain required recordkeeping systems throughout the project.
  • Undertake risk management as required to ensure project outcomes are met.
  • Complete financial recordkeeping associated with project & check for accuracy.

ASSESSMENT - WRITTEN RESPONSE (Scenario based tasks and knowledge testing)

There are 10 tasks and questions in this assessment. You must answer all.

Question 1: Choose the different categories to identify whether they are PCBU or not according to the new WH&S Act. Write "Yes" or "No" in the left column.

Individuals who carry out domestic work in their own home (e.g. domestic chores etc).

A builder (including principal contractors and sub-contractors)

A government department or government agency

A manufacturing business

A nanny working in your home for your child.

Individual householders who engage persons to carry out ad hoc home maintenance and repairs or other domestic work, e.g. casual babysitters.

An owner-driver of their own transport or courier business

A school or college

Question 2: Risk Management Scenario

Guy and Samantha are tenants at 11 Somerville Street, Belmore Heights, which is managed by Evansdale Real Estate. Their four-bedroom property has a swimming pool. The latch on the swimming pool gate does not always lock properly. They have a 3-year-old son who has managed to open the pool gate on a number of occasions. They also have a dog that went out of the gate sometimes. They have sent a letter to Evansdale Real Estate asking for the lock to be fixed. However the landlord is unwilling to pay for a locksmith to do this. You are the case officer of this dispute resolution project for this real estate and you will be required to complete the following tasks below.

Explain the process of identifying and managing risk in this case project situation.

Identify three risks from the scenario.

List the potential risks of the scenario and put them in the risk matrix.

Question 3: Scenario on organisational mission, goals, objectives and organisational procedures

Your project management class is planning to undertake a class website project. Assume that your instructor is the project's sponsor, you are the project manager, your classmates are your project team, and you have three weeks to complete this project.

One of the goals of this class project website is to digitally improve the class experience and also to provide the most accurate information for all stakeholders in the class. However, you are required to outline the other mission, goals and objectives that relates to this project.

As the project manager you will oversee the project to create a website for your class, and then fill in the details for the introduction or overview section. The website would include a home page with links to a syllabus for the class, lecture notes or other instructional information, a page for assessment update, a page for results update, a forum/chat room for the project management class where students and the instructor can exchange information, a link to the electronic textbook, links to other project management resources, and links to personal pages for each member of your class and future classes. Based on the project scenario, respond to the following questions.

Outline the mission for this project.

Outline two goals for this project.

Identify and develop three objectives for undertaking this project work.

Explain how the project relates to the mission, goals and objectives that you have outlined.

Specify what policies and procedures that you will develop for the following:

  • Human resources
  • Budgets and finance
  • Reporting
  • Lines of authority and approvals
  • Recordkeeping

Question 4: Outline three documents and sources of information commonly used in defining the parameters of a project

Question 5: What are the 3 project control methods? Explain with examples and mention what type of organisations or projects might use each method.

Question 6: List four commonly used project management tools that can be used and specify how they contribute to a project.

Question 7: Project Budget Calculation:

A. You are investing in a coffee shop project with your friend in Sydney on 2013. Your first investment was $200,000. Your investment advisor has told you that if you get 20% of return from this, it would be a good investment project. The forecast for returns for the next 4 years are follows:

2014 = $30,000

2015 = $50,000

2016 = $55,000

2017 = $60,000.

B. Calculate the Accounting Rate of Return for your coffee shop project. Considering your advisor's advice, should you go with this project?

You are planning to buy a delivery van for your postal business contract which is worth $60,000 and you expect to earn $7000/year for the next six years. You will sell your van after six years because your business contract will finish after six years. The salvage value of your van at that time will be $17,000. Calculate the payback period. Find how much your profit/loss in this investment is.

Question 8: Construct a "flow chart" for this college admission process. Use a separate page if necessary

A. Student asks for college brochure, education costs and application form

B. College send the details

C. Student checks the cost and makes decision to go. If the cost was high, the student wouldn't be interested

D. The college receives application

E. The college analyse the student's documents and previous qualification

F. The college makes the decision to accept the student

G. The college sends offer letter

H. The student sends the fees

I. The student apply for a visa

J. The embassy makes a decision to give visa to the student as the student meets visa requirements

K. The student gets the visa and purchase air ticket

L. The student flies to the new country

M. The student gets enrolled in the course

Question 9: Scenario on legislation, regulation and WH&S

You are the project manager who is overseeing the recent recruitment drive at ABC International college in your state. The college has a capacity to enrol around 2000 students which requires at least 30 trainers who will facilitate at least 8 hours of classroom training. Recently your organisation has lost around 8 trainers and you have planned for having some relief trainers for unexpected situations. This recruitment drive project is to hire at least 12 trainers who will work 8 hours or more per week.

During your project stages, your team has done the following tasks:

  • Preparing job descriptions and specifications
  • Getting approval from top management
  • Posting an advertisement on seek.com.au
  • Screening applicants
  • Communicating with shortlisted applicants
  • Selecting candidates

After the selection process, you have considered that there are some legal requirements after the selection stage. These legal requirements are related to the employment legislation and the Work Health and Safety legislation.

Task 1: Based on the trainer occupations, job descriptions, job specifications, and your organisational context, discuss the relevant employment Act and the standards that you should include in the employment agreement and induction for these selected candidates.

Task 2: Specify the Work health and Safety legislation requirement that your organisation needs to address in regards to the hiring new trainers.

Question 10: Draw a network diagram.

Find the alternative paths and find the duration of all paths.

Identify and highlight the critical path.

ACTIVITY

PREDECESSOR

DURATION

A

Nil

15 days

B

Nil

18 days

C

Nil

21 days

D

A

8 days

E

B

5 days

F

B

9 days

G

C

6 days

H

D

22 days

I

E

24 days

J

H,I

17 days

K

F,G

9 days

L

J,K

14 days

Attachment:- Assignment File.rar

Reference no: EM132283797

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4/15/2019 3:47:35 AM

Just read title carefully. And simple answer that’s fine around 2500 words. Instructions for Students - Please read the following instructions carefully. The assessment is to be completed according to the instructions given by your assessor. Feedback on each task will be provided to enable you to determine how your work could be improved. You will be provided with feedback on your work within two weeks of the assessment due date. All other feedback will be provided by the end of the term. Should you not answer the questions correctly, you will be given feedback on the results and your gaps in knowledge. You will be given another opportunity to demonstrate your knowledge and skills to be deemed competent for this unit of competency. If you are not sure about any aspects of this assessment, please ask for clarification from your assessor. Please refer to the College re-assessment for more information (Student Handbook).

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