Project Notification Form PPMP20010 Assessment 2 – Part A Project Audit & Termination Report ( P ROJECT A UDIT , T ERMINATION R EPORT N AME OF P ROJECT ) ( The Project Audit and Termination Report is...

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Project Notification Form PPMP20010 Assessment 2 – Part A Project Audit & Termination Report ( P ROJECT A UDIT , T ERMINATION R EPORT N AME OF P ROJECT ) ( The Project Audit and Termination Report is a tool used to substantiate to the stakeholders of a project that the goals and objectives of the project have been met and important items or deliverables have been produced by the project. Th is report is a vital communication tool that is used as the basis for ensuring that the stakeholders acknowledge the project success and accept the outcomes. Kerzner (2017) in Section 11.32 identifies five different types of project audits – p erformance, c ompliance, q uality, e xit, and b est p ractices. Audits do not have to occur at the end of a project but can occur during the project life cycle as health checks and quality audits. The PMBOK (2017) Part 1 Section 4.7 advises the process to be followed when closing or finali s ing all the activities within a project. Managing Successful Projects with PRINCE2 (2017) discusses the approach to Closing a Project in Chapter 20 . Not all projects terminate successfully; Kerzner (2017) discusses the reasons why some projects are stopped (Section 11.21) and the lessons for the project manager (Section 9.1) if the processes for phase-outs and transfers are not conducted correctly (Section 11.22). The report is based on the contents of Managing Successful Projects with PRINCE2 (2017), A Guide to the Project Management Body of Knowledge (PMBOK Guide) sixth Edition (2017) and Project Management: A Systems Approach to Planning, Scheduling and Controlling (2017) by H Kerzner . Please complete th is report for the case study provided within the Assessments section on Moodle website . All g uidance boxes , like this , should be deleted before submitting this report into Moodle. ) ( P AGE 1 ) ( E NTER YOUR NAME WITH STUDENT ID ) 1 PROJECT INFORMATION Project name:Name of the project (case study) Report date:Date of the current status report Project ownership:Area responsible for the project Prepared by:Name and position Distribution list:List of those receiving the report, their positions and role in the project 2 AUDITABLE CATEGORIES ( In addition to the Kerzner (201 7 ) Section 11.32 list of categories, Directing Successful Projects with PRINCE2 (2009) Section 9.3.1 identifies that there are four metrics that may be valuable and included in an End Project Report – Progress, Quality, Change and Risk. Each auditable category should have a value to the project and future projects. The table below has been designed to reflect Kerzner and PRINCE2. Complete the table below by identifying the WBS items based on the supplied case study that should be audited and the category that the WBS item falls into. Additionally, specify what metric(s) are significant for the WBS item. Section 9.3.1.1 - 9.3.1.4 of Directing PRINCE2 suggests some metrics, such as e ffort, c ost, t ime v ariances, v alue, d efects, q uality, n umber of o ccurrences, a dequacy, etc. You may also perceive of other metrics that are important to you. WBS items may occur in more than one auditable category and have more than one metric that you measure them by. You need to identify and i nclude 2-3 items for each auditable category in the table given below in the context of the case study provided on Moodle website . Delete this guidance box before submitting the report into Moodle. ) Auditable Category WBSItem Description Applicable metrics 1. Performance 2. Compliance 3. Quality 4. Change 5. Risk 3 ( Managing Successful Projects with PRINCE2 (2017) states that an audit review is typically undertaken at the end of each stage and at the end of the project. Kerzner (2017) in Section 11.32 states the audits can be scheduled or random and can be performed by in-house personnel or external examiners. The audits are independent and focus on either discovery or decision-making purpose. For the items identified in Section 2 above, develop the audit plan in the context of the case study provided on Moodle website. Delete this guidance box before submitting the report into Moodle. Delete this guidance box when you have finished with the contents. )AUDIT PLAN Auditable Category Item When will it be conducted? Who will conduct? Purpose (Discovery or Decision-making) 1. Performance 2. Compliance 3. Quality 4. Change 5. Risk 4 ( The PMBOK (2017) Part 1 Section 4.7 identifies the Inputs, Tools and Techniques and Outputs that apply when closing a project or phase . Provide a short explanation of how your project will close. You can refer to controllable items in the Project Controls Report. Delete this guidance box before submitting the report into Moodle. )PROJECT TERMINATION / CLOSURE Controllable Category Item & Explanation PMBOK Knowledge Area Inputs Tools & Techniques Outputs 1. Deliverables 1.1 Please explain how you will close this item but be precise. 1.2 Please explain how you will close this item but be precise. 1.3 Please explain how you will close this item but be precise. 2. Status Accounts 2.1 Please explain how you will close this item but be precise. 2.2 Please explain how you will close this item but be precise. 2.3 Please explain how you will close this item but be precise. 3. Logs 3.1 Please explain how you will close this item but be precise. 3.2 Please explain how you will close this item but be precise. 3.3 Please explain how you will close this item but be precise. 4. Issues 4.1 Please explain how you will close this item but be precise. 4.2 Please explain how you will close this item but be precise. 4.3 Please explain how you will close this item but be precise. 5. Procurements 5.1 Please explain how you will close this item but be precise. 5.2 Please explain how you will close this item but be precise. 5.3 Please explain how you will close this item but be precise. 5 ( Planning a termination/closure requires preparation and attention by the project team. Please write ten (10) steps ( points ) for how, when and the process for the termination/closure of the project (case study) provided. Delete this guidance box before submitting the report into Moodle. )PROJECT TERMINATION / CLOSURE PLAN PPMP20010: Executing and Closing Projects Practical Assessment 2 Project Audit, Termination and governance Reports (30%) Student ID & Name Reports Marking Criteria Marks Allocated 1. Auditable Categories: Alignment of each auditable category with WBS items and reasonable applicable metrics? 10 2. Audit Plan: Alignment of audit categories with items and action plans (when, who, and purpose)? 10 3. Project Termination/Closure: Alignment of PMBOK knowledge areas (consistent with Controllable Categories in Controls Report) with inputs, tools & techniques and outputs with controllable items? 10 4. Project Termination/Closure Plan: Explanation of significant items for project termination? 10 1. Governance Framework: Appropriate explanation of the importance of governance framework for projects? 10 2. Overall Project Responsibility: Responsibilities are identified with ideally knowledge area breakdown incorporated in the prior assignments? 10 3. Status Reporting: Explanation of how status reporting occurs? 10 4. Stakeholder Engagement: Explanation of the stakeholder engagement register? 10 Appropriate and well structured, concise and clear expression of project management requirements in response to the assessment task? (10%) Do the explanations contain substantial evidence of the use of project management concepts and theories. Such as life cycle, knowledge areas, tools and techniques, governance, outputs? Are these referenced correctly in an academic manner? 10 Clarity of expression, grammar and spelling? (10%) 10 Total Marks 100 Net Marks (Scaled to 30%) 30% A complete and correct analysis of the governance report? (40%) A complete and correct analysis of the audit and termination report? (40%) Late penalty: 5% (-5 marks) for each calendar day (either full or part day) Project Notification Form Project Governance Report Name of Project PPMP20010 Assessment 2 – Part B ( Project governance is critical to the success of a project. Project governance entails all the key elements that make a project successful. The Project Governance Report is a
Answered Same DayJan 19, 2021PPMP20010Central Queensland University

Answer To: Project Notification Form PPMP20010 Assessment 2 – Part A Project Audit & Termination Report ( P...

Tanmoy answered on Jan 29 2021
160 Votes
Project Notification Form
PPMP20010
Assessment 2 – Part A
Project Audit & Termination Report
(
P
ROJECT
A
UDIT
, T
ERMINATION
R
EPORT
PRADHAN MANTRI JAN DHAN YOJANA IN INDIA
)
(
P
AGE
21
) (
E
NTER YOUR NAME WITH STUDENT
ID
)
1 PROJECTINFORMATION
Project name:    Implementation of Corporate Planning & Reporting System
Report date:    15th January’2020 Project ownership:    XYZ Council NSW
Prepared by:    Manoj
Distribution list:
    Headed By
    Name
    Role
    Secretary- Finance
    Bob Richards
    Mission In cha
rge
    Additional Secretary
    Sanjeev Kaushik
    Addl. Secretary
    Joint Secretary – Financial Inclusion
    Karla Smith
    Mission Director
    Director-Financial Inclusion
    Martha Brown
    Director – FI
    Deputy Secretary
    Johnny Tailor
    Deputy Secretary
2 AUDITABLECATEGORIES
    Auditable Category
    WBS    Item Description
    Applicable metrics
    1.
    Performance
    1.1
    Baseline – Scope of reach
    Monitoring the project scope actual progress and comparing with the Planned strategy
    
    
    
    
    It has just started and is expected to reach each and every unbanked segment of Australia
    
    
    1.2
    Baseline – Schedule
    Investigating on the variances of actual versus planned
    
    
    
    
    Engaging more Business Correspondents to crater to the villages of Australia for opening of zero balance savings account
    
    
    1.3
    Baseline – Cost
    Supervision of the allocated cost to each Banks under the project with the actual cost
    
    
    
    
    The cost report has to be submitted to the RBA (Reserve Bank of Australia) by the Chairman of each banks
    
    
    
    
    
    2.
    Compliance
    2.1
    Project management methodology
    Public communication through newspaper, journals, television and radio to visit the nearest local banks and open a zero balance account.
    
    
    
    
    Savings account form will be distributed in the banks.
    
    
    2.2
    Organizational process and assets requirements
    Each bank will be provided with the guidelines to open the zero balance savings accounts. Also new desktops, passbook printers and free debit cards will be distributed at each bank to be collected from their regional offices.
    
    
    
    
    The person who wants to open a bank account has to carry their Passport, Driver’s License, public service employee ID card, A credit card with your name and Utility Bill original and photocopy.
    
    
    2.3
    Compliance auditing
    Audit will be conducted on a monthly basis and reports have to be submitted to the zonal heads for each branch’s progress and the number of account opened.
    
    
    
    
    A team of Senior manager from the head office or zonal office will visit the branches within a zone. They will check whether the accounts opened are as per the statutory norms of RBA i.e. with valid KYC – Know your customer policy. Discrepancies if any will be issues show cause notice to the manager-in-charge of the branch.
    
    
    
    
    
    3.
    Quality
    3.1
    Acknowledgement letter for opening of account, Passbook, Cheque book
    Acknowledgement letter to be send to the person’s address that has opened the savings account. The person must visit the branch within 1 month of receiving the letter to get his passbook.
    
    
    
    
    Cheque books will be provided to only those who will deposit money a minimum of $2000 in his newly opened savings account.
    
    
    3.2
    Testing the procedure, inspection of opened accounts and documentation
    Number of accounts opened, number of accounts opened with valid KYC and number of accounts opened with non compliant to KYC norms.
    
    
    
    
    Senior manager will conduct this task on a weekly basis and report the same to the head office of each branch.
    
    
    3.2
    Sending letters to the account holders who’s account is not compliant with the KYC norms
    The account holders should not be allowed to transact, and not to be provided passbook or cheque books. Account holders with no documents have to submit a valid identification & address proof or else an authorization letter from the local Australian government official.
    
    
    
    
    There is possibility of Anti money laundering without valid identification and address proof documents.
    
    
    
    
    
    4.
    Change
    4.1
    Change requests received from the customers
    Changes to be done for the customers whose name or details has been printed wrong during entry.
    
    
    
    
    The work must be done with immediate effect to retain the customer.
    
    
    4.2
    Changes in Banking policies
    Any changes in the banking policies related to rules and regulation must be communicated to the customers
    
    
    
    
    Changes in banking policies issues by RBA should be neatly set on the notice board in the banks.
    
    
    4.3
    Check how effective is the project through opening of the number of savings account
    The scheme was launched for a period of 4 years as a part of financial inclusion of the people of unbanked people in Australia
    
    
    
    
    The project was started on 15th April 2014 and on its first day; it was 4.5 million bank accounts which got opened in Australia.
    5.
    Risk
    5.1
    Registering Risk
    Risk involved duplication in opening savings bank account
    
    
    
    
    Many account holders might be having a savings account. Still they can open a zero balance account which can result in duplication of accounts
    
    
    5.2
    Auditing of the Risks
    Appointed senior managers must check in the system the number of...
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