List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

support project managers and other team members to apply project cost management techniques during at least two different projects.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

budgeting processes

cost estimation methods, techniques and tools

project life cycle

cost management strategies and processes

financial assets, liabilities and records

cost management tools and techniques.

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice	Yes	No	Comments/feedback
Identify project objectives, duration, deliverables and resource requirements
Apply cost-estimating methods and calculate costs of project resource requirements
Identify estimated costs for tasks and activities
Communicate cost estimates to relevant staff and confirm accuracy and obtain input for project budget and cash flow management
Contribute to finalisation of project budget and costs
Contribute to developing cost management strategies and processes
Monitor income and expenditure against project budget and established cost estimates at predetermined intervals
Identify and report variations in budget using established project cost methods, techniques and tools
Assist in managing budget and costs using established cost management strategies and processes
Confirm cost objectives remain achievable throughout project life cycle
Update cost estimates and budget according to income and expenditure
Assist relevant personnel to review final project outcomes, budget and costs
Seek feedback and identify cost-management improvements
Document cost-management improvements based on feedback received

Assessment Cover Sheet

BSBPMG423 - Apply project cost management techniques

Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

BSBPMG423 - Apply project cost management techniques

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: