PJM310 Colorado State Mod 6 Chapter 12 Project Management Simulation Paper

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Business Finance

PJM310

Description

Required

  • Chapters 12, & 13 in Project Management: A Strategic Managerial Approach
  • Chapter 12 & 13 PowerPoints from Project Management: A Strategic Managerial Approach
  • Part 1, Chapter Section 4.7, Part 1, Chapter 12, and Part 2, Section 6 in A Guide to the Project Management Body of Knowledge

Recommended

Critical Thinking Assignment (200 Points)

Important! Read First

Choose one of the following two assignments to complete this week. Do not do both assignments. Identify your assignment choice in the title of your submission.

Option #1: Project Management Simulation- Scenario A – Management Levers

This simulation will take approximately 90 minutes, after which you will organize your thoughts and notes in a written paper. Take notes on what actions you took and why.

Simulation – Austin, R. D. (2013). Project management simulation: Scope, resources, schedule V2, HBR, Product # - 4700-HTM-ENG (Links to an external site.)

  • Compose and describe your thoughts about which options you chose during the simulation including the criteria you used to select options, the tradeoffs you considered, and any analysis you conducted.
  • Explain your choice relative to scope, resources, and schedule.
  • Explain how project characteristics, such as deadlines and team skill levels, affect team morale and work quality.
  • Convey the impact of managers’ decisions on team morale and work quality, including how much time to spend on meetings and coaching, impact of overtime and outsourcing, and staffing levels.
  • Finalize your thoughts about the simulation play, including what you learned about managing projects.

Submission

  • Prepare a 3- to 4-page paper (not including the required title and reference pages and the appendix – any tables, figures, charts, drawings, etc. are to be in the appendices if needed) detailing and compiling the specifics to items 1-5 above.
  • Support your paper with a minimum of two current (published in the most recent five years) scholarly sources from the CSU-Global Library, in addition to any course textbooks or lecture material you decide to use.
  • Format your entire paper according to the CSU-Global Guide to Writing & APA (Links to an external site.).
  • Be clear, concise, and focused. Be sure to organize your writing properly and include an introduction; headings/subheadings for the body of your work; analysis and recommendations (if applicable); a conclusion; and list of references.

Option #2: Project Management Simulation- Scenario A – Project Speed of Processes

This simulation will take approximately 90 minutes, after which you will organize your thoughts and notes in a written paper. Take notes on what actions you took and why.

Simulation – Austin, R. D. (2013). Project management simulation: Scope, resources, schedule V2, HBR, Product # - 4700-HTM-ENG (Links to an external site.)

  • Compose and describe your thoughts about which options you chose during the simulation including the criteria you used to select options, the tradeoffs you considered, and any analysis you conducted.
  • Explain your choice relative to scope, resources, and schedule.
  • Explain whether the project completed faster or slower than you anticipated, why it fell behind (if it did), and what you did as a result.
  • Convey the impact the kinds of meetings you organized, how the meetings did or did not support project outcomes, and whether your project completed successfully.
  • Finalize your thoughts about the simulation play, including what you learned about managing projects.

Submission

  • Prepare a 3- to 4-page paper (not including the required title and reference pages and the appendix – any tables, figures, charts, drawings, etc. are to be in the appendices if needed) detailing and compiling the specifics to items 1-5 above.
  • Support your paper with a minimum of two current (published in the most recent five years) scholarly sources from the CSU-Global Library, in addition to any course textbooks or lecture material you decide to use.
  • Format your entire paper according to the CSU-Global Guide to Writing & APA (Links to an external site.).
  • Be clear, concise, and focused. Be sure to organize your writing properly and include an introduction; headings/subheadings for the body of your work; analysis and recommendations (if applicable); a conclusion; and list of references.

Rubric

PJM310 Mod 6 CT

PJM310 Mod 6 CT

Criteria Ratings Pts

This criterion is linked to a Learning Outcome Requirements

40.0 to >32.0 pts Meets Expectation

This response includes all of the required components, as specified in the assignment.

32.0 to >24.0 pts Approaches Expectation

This response includes most of the required components, as specified in the assignment.

24.0 to >16.0 pts Below Expectation

This response includes some of the required components, as specified in the assignment.

16.0 to >0 pts Limited Evidence

This response includes few of the required components, as specified in the assignment.

40.0 pts

This criterion is linked to a Learning Outcome Content

60.0 to >48.0 pts Meets Expectation

Demonstrates strong or adequate knowledge of the project management concepts.

48.0 to >36.0 pts Approaches Expectation

Some significant but not major errors or omissions in demonstration of project management concepts.

36.0 to >24.0 pts Below Expectation

Major errors or omissions in demonstration of project management concepts.

24.0 to >0 pts Limited Evidence

Fails to demonstrate knowledge of the project management concepts.

60.0 pts

This criterion is linked to a Learning Outcome Critical Analysis

40.0 to >32.0 pts Meets Expectation

Provides a strong critical analysis of and critical thinking about the project management concepts.

32.0 to >24.0 pts Approaches Expectation

Some significant but not major errors or omissions in analysis of and critical thinking about the project management concepts.

24.0 to >16.0 pts Below Expectation

Major errors or omission in analysis of and critical thinking about the project management concepts.

16.0 to >0 pts Limited Evidence

Fails to provide analysis of and critical thinking about the project management concepts.

40.0 pts

This criterion is linked to a Learning Outcome Demonstrates college-level proficiency in organization, grammar and style

40.0 to >32.0 pts Meets Expectation

Project is clearly organized, well written, and in proper format, as outlined in the assignment. Strong sentence and paragraph structure; few errors in grammar and spelling.

32.0 to >24.0 pts Approaches Expectation

Project is fairly well organized and well written and is in proper format, as outlined in the assignment. Reasonably good sentence and paragraph structure; significant number of errors in grammar and spelling.

24.0 to >16.0 pts Below Expectation

Project is poorly organized; does not follow proper paper format. Inconsistent to inadequate sentence and paragraph development; numerous errors in grammar and spelling.

16.0 to >0 pts Limited Evidence

Project is not well organized or well written and/or is not in proper paper format. Poor quality work; unacceptable in terms of grammar and spelling.

40.0 pts

This criterion is linked to a Learning Outcome Demonstrates proper use of APA style

20.0 to >16.0 pts Meets Expectation

Project contains proper APA formatting, according to the CSU-Global Guide to Writing & APA, with no more than one significant error.

16.0 to >12.0 pts Approaches Expectation

Few errors in APA formatting, according to the CSU-Global Guide to Writing & APA, with no more than two to three significant errors.

12.0 to >8.0 pts Below Expectation

Significant errors in APA formatting, according to the CSU-Global Guide to Writing & APA, with four to five significant errors.

8.0 to >0 pts Limited Evidence

Numerous errors in APA formatting, according to the CSU-Global Guide to Writing & APA, with more than five significant errors.

20.0 pts

Total Points: 200.0

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Explanation & Answer

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Running Head: PROJECT MANAGEMENT SIMULATION

Project Management Simulation
Author’s Name
Institutional Affiliation
Date

1

PROJECT MANAGEMENT SIMULATION

2

Project Management Simulation
Introduction
Project management simulation allows seeing the complexities of a project. Simulations
start by providing what-if analysis and later comes up with a real solution to the speculated
complexities. Through rapid comparison with real project experimentation, it helps understand
and offer training to the team managing a project. Some levers determine the failure or success
of any project which includes scope, resources, quality, talent, and schedule. The three aspects
are known as management levers and when one changes it is likely to affect the other two. So if
the three are well managed together with having a dynamic team, it is possible to achieve the
objectives desired.
Simulation Option
Management levers play an important role in project management. The change of one
lever can affect the others and therefore it is important to ensure that any change is meant to
improve deliverables, for safety purpose and to avoid extra expenses (Goff, 2015). The choice of
the first option is because they seem to be the pillar of any project. There is no project
management without determining the scope, schedule, and resources available to complete the
objectives. It is the first thing to understand and the manager should have a clear understanding
of each aspect so that they can determine the teams to perform duties and also the speed of each
process.
Currently, the running of a project faster and cheaper is becoming attractive among
project managers (Goff, 2015). They believe if the processes are done quicker, there is a chance
that the quality and success will be achieved. But, there is a possibility that such an option could

PROJECT MANAGEMENT SIMULATION

3

lead to poor performance or reduced quality which is a lever that needs to be considered in a
project. Also, if one has few project managers with competence, it is likely that speed may not be
beneficial to achieve the result. Therefore, the managing of ...


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