1 Explain how to carry out a cost-benefit analysis for a project
The primary theme of the paper is 1 Explain how to carry out a cost-benefit analysis for a project in which you are required to emphasize its aspects in detail. The cost of the paper starts from $99 and it has been purchased and rated 4.9 points on the scale of 5 points by the students. To gain deeper insights into the paper and achieve fresh information, kindly contact our support.
Outcome 1 Understand the management of a project
The learner can:
1 explain how to carry out a cost-benefit analysis for a project
2 evaluate the use of risk analysis techniques
3 evaluate project planning and management tools and techniques
4 evaluate the impact of changes to project scope, schedule, finance, risk, quality and
resources
5 analyse the requirements of project governance arrangements
Outcome 2 Be able to plan a project
The learner can:
1 analyse how a project fits with an organisation’s overall vision, objectives, plans and
programmes of work
2 agree the objectives and scope of proposed projects with stakeholders
3 assess the interdependencies and potential risks within a project
4 develop a project plan with specific, measurable, achievable, realistic and time-bound
(SMART) objectives, key performance indicators (KPIs) and evaluations mechanisms
appropriate to the plan
5 develop proportionate and targeted plans to manage identified risks and contingencies
6 apply project lifecycle approaches to the progress of a project
Outcome 3 Be able to manage a project
The learner can:
1 allocate resources in accordance with the project plan
2 brief project team members on their roles and responsibilities
3 implement plans within agreed budgets and timescales
4 communicate the requirements of the plans to those who will be affected
5 revise plans in the light of changing circumstances in accordance with project objectives
and identified risks
6 keep stakeholders up to date with developments and problems
7 complete close-out actions in accordance with project plans
8 adhere to organisational policies and procedures, legal and ethical requirements when
managing a project
Outcome 4 Be able to evaluate the effectiveness of a project
The learner can:
1 conduct periodic reviews of the progress and effectiveness of a project using information
from a range of sources
2 evaluate the effectiveness of capturing and managing project-related knowledge
3 report on the effectiveness of plans
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