Explain the financing of the project

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Reference no: EM131995590

Learning Outcomes

1. Use clear terminology to describe the key areas of project, program and portfolio management practices as applies to asset rich organisations.

2. Discuss the relevance of tools and techniques for investigating and describing project process related to developing new workings, facilities, equipment, plant and processes or maintaining existing facilities and equipment.

3. Present and interpret major processes that are based on sound policy, information,

and research that enable project justification, tenders, contracts, and selection criteria to occur in an asset rich organisation.

4. Critically analyse management strategies and operational activities from a broad perspective to ensure safety and quality, to avoid overruns or rework, to manage variations and claims, and to make decisions to discontinue or close projects.

5. Demonstrate an effective, professional level of teamwork and communication and support collaborative peer group learning.

Task Description

You should use AS 4120-1994 as the basis of developing a tender request as the principal for a project in the mining, plant and/or large asset industry. The project may be one of your choosing based on your current work practice or may be one selected from a set of possible projects on the Moodle web site. You must ensure that your tender document is consistent with all of the Australian standards referred to in this course.

Should you wish to use a tender template from the organisation you work for then you may do so. However, you must ensure that all of the ten items in the task definition below are included in your tender.

You must obtain the agreement from your lecturer and course coordinator that the subject project scope of your tender is suitable for this course.

Your task is to consider the contents of the course and apply it to a tender request. Your tender must do the following:

1. Define the project in the context of mining, plant, or a large asset;

2. Explain the project justification and contract process;

3. Explain the financing of the project;

4. Identify the project conditions, project team and project processes required;

5. Provide your expected estimates to the tenderer for the project labour, plant, materials, and sub-contractors;

6. Provide your requirements for project changes;

7. Provide your requirements for quality assurance and quality control;

8. Provide your requirements for document management, reporting and governance;

9. Provide your requirements for disputes, arbitration and mediation;

10. Provide your requirements for safety.

The primary purpose of this assessment item is to help you to develop skills for expressing the manner in which a principal normally engages with contractors through a tendering process.

The secondary purpose of this assignment is to give you the opportunity to enhance your analysis, critical thinking and written communication skills; particularly in the areas of argument development and tender writing

Your tender should be as much as practically possible a properly constructed tender

However, you must also apply the rigours of an academic essay. Therefore, you must include references within your tender and a reference list formatted in the prescribed Harvard style is compulsory at the end of your tender. Do not include a bibliography.

You are strongly encouraged to discuss your ideas with your business and student colleagues on the course discussion forum, before drawing your conclusions and submitting your assignment.

Verified Expert

This paper is a tender report and is consistent with all Australian standards of tendering. This paper gives a definition of a project within the mining context as well as giving contrast and justification for the process. It also gives an explanation to the financing of the project and identifies project conditions project team as well as the various processes required. This paper provides an estimation of the tender for the project labor, materials, plant as well as sub-contractors. It also provides the requirements for quality assurance as well as quality control, management requirements for the project, reporting and governance. It also gives a provision for the project requirement, disputes, arbitration as well as mediation and safety requirements. This paper has been prepared on Microsoft office words document.

Reference no: EM131995590

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Reviews

len1995590

5/25/2018 1:23:47 AM

I want to have 2 different assignments for our two different person. The file submitted must be a Microsoft Word (.doc or .docx) document. If you have more than one file then create a single Zip file and upload that. The written assignment must be a Microsoft Word document. Appendices may be included as PDF, Excel or other files.

len1995590

5/25/2018 1:18:51 AM

1.3 Tendering procedures covered, including:- 1.3.1 Obligations of the Principal:- 22 1.3.1.1 Project definition 2 AS 4120-1994 section 6.1.1 p.6. 1.3.1.2 Tender documents 2 AS 4120-1994 section 6.1.2 p.6; AS 4000-1997. 1.3.1.3 Selecting tenders 2 AS 4120-1994 section 6.1.3 p.7 1.3.1.4 Call for tenders 2 4120-1994 section 6.2.2 p.7. 1.3.1.5 Tendering methods 2 AS 4120-1994 section 6.2.3 p.8. Open? 1.3.1.6 Tendering inquiries 2 AS 4120-1994 section 6.2.4 p.8 1.3.1.7 Amendments to tender documents 2 AS 4120-1994 section 6.2.5 p.8. 1.3.1.8 Receipt of tenders 2 AS 4120-1994 section 6.3 p.9. 1.3.1.9 Closing of tenders 2 AS 4120-1994 section 6.4 p.9. 1.3.1.10 Evaluation of tenders 2 AS 4120-1994 section 6.5 p.9. 1.3.1.11 Negotiation and selection 2 AS 4120-1994 section 6.6 p10

len1995590

5/25/2018 1:18:20 AM

1. Reflection of AS 4120-1994 1.1 Definitions made /3 1.2 Statements of Ethics /4 1.3 Tendering procedures covered, including:- 1.3.1 Obligations of the Principal:- /22 1.3.1.1 Project definition 1.3.1.2 Tender documents 1.3.1.3 Selecting tenders 1.3.1.4 Call for tenders 1.3.1.5 Tendering methods 1.3.1.6 Tendering inquiries 1.3.1.7 Amendments to tender documents 1.3.1.8 Receipt of tenders 1.3.1.9 Closing of tenders 1.3.1.10 Evaluation of tenders 1.3.1.11 Negotiation and selection

len1995590

5/25/2018 1:18:08 AM

There is NO word limit for this assignment; however it is hoped that your assignment will NOT be huge. You are encouraged to take advantage of referencing as a means of limiting the number of words in the assignment. When you are incorporating many of the sections from the Assessment Criteria below you can refer to the text contained in the relevant standard. For example, using the assessment criteria below you can put for 1.3.1.9 -“Closing of tenders – tender closing will conform to AS 4120-1994 section 6.4 p.9”. If you have used a tender as a template that you have taken from your company then you may have different words that make it harder to align to the standards. You should then look through your tender template and whenever possible add a comment, such as – “this section is similar to AS 4120-1994 section 6.4 p.9”. Ensuring you have accurate references is important and will allow the marker to easily identify where your tender maps to the course material. As a consequence you will be able to gain the MAXIMUM MARKS.

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