In this assignment (Reflective Learning Journal) you are required to think deeply and write about your learning experience and the topic (s) content you have learned over the past weeks.
You are required to write one reflective journal entries one about your learning experience and the topic (s) you learned in Week . plz see the attached ppt slides from slide No 3 to 20 (TYPES OF COSTS).
PLEASE SEE ASSESSMENT SBM1201 PPD SLIDES AND FOLLOW GUIDELINES
Assessment 2: Reflective Learning Journal (A and B) In this assignment (Reflective Learning Journal) you are required to think deeply and write about your learning experience and the topic (s) content you have learned over the past weeks. You are required to write one reflective journal entries one about your learning experience and the topic (s) you learned in Week . plz see the attached ppt slides from slide No 3 to 20 (TYPES OF COSTS). It is recommended to visit the SLS page for more information about this type of assessment via this link https://apic.instructure.com/courses/39/pages/reflective-learning-journal In writing you reflective learning journal, you will need to follow the following strategy to write your journal entry: DIEP (Describe, Interpret, Evaluate, Plan) Strategy. Source: (RMIT University–adapted from Boud, D 1985, Reflection: Turning Experience into Learning) https://emedia.rmit.edu.au/learninglab/content/writing-academic-reflection-0 See attached file for explanation of each criterion in DIEP Mainly you need to select one of the main topics discussed in week 6 and week 7 and write your reflection on the selected topic. You required to write 400-500 words to describe your learning experience. You can use the following questions to guide your writing entry: · What did I read for this topic, apart from the notes? (Include information and references from a range of sources) · What was the most interesting thing I read for this topic - why was that? · What material didn’t I find interesting – why was that? · What did I previously think was true, but now know to be wrong? · What did we not cover that I expected we should? · What have I changed my mind about as a result of this topic? · What is one thing I learned in this topic that I may be able to use in future? · What am I still unsure about? What would I like to learn more about? · What issues(s) interested me and would I like to study in more detail? · What are my ideas for action, based on this topic? You can use the following example as reference: Adapted from RMIT University: https://emedia.rmit.edu.au/learninglab/content/sample-reflection-0 This week’s recommended reading on resource management and planning presented the idea of collect requirements through questioning to clarify the client needs and to establish the project’s work breakdown structure (WBS) (Smith 2019). The article gave a real-life example of this concept whereby groups of five people were asked to build a tower from straws. The facilitator said it would be judged in terms of strength, eight, and how aesthetically pleasing it was. Each group did the task cooperatively and finished it in the prescribed time. However, the facilitator pointed out that all groups built the tower without much attention to project management techniques in terms of asking clients for clarification for planning, resources allocation and so on. No group had asked a single question about the purpose, constraints, resources or stakeholder needs. The group displayed what is commonly described as ‘groupthink’ (Ahmed & Lee 2015; Jones 2016). This example illustrated to me a critical aspect of project management. The insight Describe Understanding the importance of clarification is key to my understanding of project management. It strengthens my use of PM tools and techniques. Asking and clarifying questions about different types of resources in a project (work, equipment, materials) allows project managers to identify what resources are needed for project effectiveness (PMI 2017).When we want to designate who or what is accountable for accomplishing tasks in our project schedule I can use PM tools to assign tasks and responsibilities. All this is possible only if requirements are clarified through questions. Interpret A major benefit of understanding the critical role of questioning in project management is that it might give me more confidence about asking questions. It changes my view of questioning government authorities. In my job as a project manager in the reserve bank in Phnom Penh I traditionally would not feel able to question my superiors in these projects. I would try to establish the requirements and resources in some other way. I thought I Evaluate Could avoid asking questions by transferring lessons learned from one situation to another. I could do this by using a framework as a predictive aid to resourcing (Crawford & Pollack 2014). But now I feel I am required by my position to determine the dimensions and resources of a project. Knowing the role of questioning to achieve objective clarity for a specific purpose is very valuable for me to give me confidence in my position as a project manager in government projects. I believe this new understanding will be useful throughout my degree and in my future professional and private life. In my degree studies, I will endeavour to clarify the critical aspects of project planning by using a questioning technique that allows for understanding objective dimensions, and also any subjective aspects. In my practice as a project manager in Cambodia I will use questioning to clarify the project goals and objectives with all stakeholders. In my life I will question my own assumptions about what is expected of me before I jump in (and build any more towers). Plan Marking Criteria and Rubric: The assessment will be marked out of 100 and will be weighted 10% of the total unit mark Marking Criteria Not satisfactory (0-49%) of the criterion mark) Satisfactory (50-64%) of the criterion mark Good (65-74%) of the criterion mark Very Good (75-84%) of the criterion mark Excellent (85-100%) of the criterion mark Description of the topic and learning experience (20 marks) Description of the topic or learning experience is unclear, vague and/or not relevant to the unit content. Description of the topic or learning experience is basic, general and/or somewhat relevant the unit content. Description of the topic or learning experience is clear and relevant to the unit content but may be general. Description of the topic or learning experience is clear and focused. Description of the topic or learning experience is clear and focused on the specific aspects that challenge and/or interest the student. Reflection on the topic and learning experience (30 marks) Minimal reflection is evident. Few connections are made with key unit concepts. Reflection is limited to description of general opinions and behaviours without reflection on underlying assumptions, habits or values. Limited reflection is evident. Some connections are made with key unit concepts. Contains description of opinions and behaviours with some reflection on underlying assumptions, habits or values. Reflection demonstrates some degree of critical thinking in discussing key unit concepts. Explanations, inferences and/or examples may be somewhat vague or underdeveloped. Reflection demonstrates some connection between student’s personal assumptions, habits or values and unit concept(s). Reflection demonstrates critical thinking in applying, analysing and/or evaluating key unit concepts. Clear connections are made through explanations, inferences, and/or examples. Reflection demonstrates relevant connection(s) between student’s personal assumptions, habits or values and unit concept(s). Reflection demonstrates a high degree of critical thinking in applying, analysing and evaluating key unit concepts. Insightful and relevant connections made through contextual explanations, inferences and examples. Reflection demonstrates strong connections between student’s personal assumptions, habits, or values and unit concept(s) in light of other perspectives. Connections to Does not include Refers to a limited Refers to relevant Integrates Integrates readings/research any reference to amount of readings or relevant, scholarly relevant, scholarly (20 marks) readings or readings or research in a readings and readings and research to inform research to inform descriptive fashion research to research to reflection. reflection. Sources to inform support and support and may not be highly reflection. Sources inform reflection inform reflection relevant, current may not be and demonstrate and demonstrate or scholarly. current or understanding of deep scholarly. the topic or understanding of learning the topic or experience. learning experience. Describes specific insights or extensions of reflection gained from reading and research. Structure (15 The reflection is The reflection The reflection The reflection The reflection marks) not well shows some shows shows coherent shows coherent organised, does organisation, but organisation and is and logical and logical not flow logically some parts may easy to follow, but organisation and organisation and and is difficult to not flow logically occasionally still most points are has clear, well- follow. and are difficult to lacks flow. easy to follow. structured points. The structure does follow. Only two criteria Up to three DIEP format not adapt DIEP Only one criterion of DIEP format criteria of DIEP adapted in the format. of DIEP format adapted in the format adapted in structure. adapted in the structure. the structure. structure. Writing style (15 Writing lacks Writing is Writing is clear Writing shows Writing shows marks) clarity and generally clear and coherent. good clarity and excellent clarity coherence. There with some lapses There are some cohesion. There and cohesion. are many errors in in coherence. errors in spelling, are few errors in There are no or spelling, grammar There are some grammar and spelling, grammar very few errors in and punctuation. errors in spelling, punctuation. and punctuation. spelling, grammar Sources are not grammar and Sources are Sources are and punctuation. reference punctuation. referenced in referenced in Sources are according to Sources are Harvard Harvard accurately Harvard referenced but referencing style referencing style referenced in referencing style. contains errors or but may contain with few errors. Harvard does not follow some minor referencing style. Harvard errors. referencing style. PowerPoint Presentation SBM1201 Project Scope, Time and Cost Management Week 8 1 Project Cost Management 2 Types of Costs Assuming work packages are defined and resources are assigned, then detailed cost estimates can be made. Here are typical kinds of costs found in a project: Direct costs Labour Materials Equipment Other Direct project overhead costs General and administrative (G&A) overhead costs 3 Types of costs A cost can be either variable or fixed Variable costs: these costs change within the amount of work Examples: the cost of material, supplies and wages Fixed costs: these costs do not change as production change Examples: cost of setup, rent, utilities A cost can be direct or indirect Direct Cost: theses costs are directly attributed to the work on the project Examples: team wages, team travel and recognition expense, costs of material used o the project Indirect costs: are overehead items or costs incurred for the benefit of more than one project Example: taxes, fringe benefits and janitorial services 4 Types of Costs (Contd.) 1- Direct costs These costs are clearly chargeable to