Assessment
Task 3
Manage project cost
BSBPMG514
Student Declaration
To be filled out and submitted with assessment responses
 I declare that this task and any attached document related to the task is all my own work and I have not
cheated or plagiarised the work or colluded with any other student(s)
 I understand that if I am found to have plagiarised, cheated or colluded, action will be taken against me
according to the process explained to me
 I have correctly referenced all resources and reference texts throughout these assessment tasks.
 I have read and understood the assessment requirements for this unit
 I understand the rights to re-assessment
 I understand the right to appeal the decisions made in the assessment
Unit Title: Manage Project Cost
Unit Code: BSBPMG514
Harsh Patel
Student name
Student ID
number
Student
signature
Task Number
62444
Harsh
Date: 24/04/2021
3
BSBPMG514 - Manage project cost V2 2020
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------OFFICE USE ONLY----For Trainer and Assessor to complete:
◻ Student requested reasonable adjustment for the assessment
Did the student satisfactorily:
N
DNS
Comments
Y
Completed successfully
The student has satisfactorily completed and
submitted the following:
☐
☐
☐
☐
☐
☐

Determination of cost monitoring and
control procedures for each scenario in
Task 3.1.1
 Determination of project budget variations
due to scenarios in Task 3.1.1
 Action plan to address each scenario in
Task 3.1.2
 Change Request Form in Task 3.1.3
 3 x Status Report in Task 3.1.4
 Email to Project Team to monitor the
implementation of the action plan in Task
3.1.5
 Email to Project Team to communicate the
financial completion process in Task 3.2.1
 Outline of actions to address invoicing issue
in Task 3.2.2
 Lessons learned report in Task 3.2.3
Demonstrated ability to:
 Implement agreed financial-management
processes and procedures to monitor actual
expenditure against budget
This is evidenced by:
 Determination of cost monitoring and
control procedures for each scenario in
Task 3.1.1
 Determination of project budget variations
due to scenarios in Task 3.1.1
 Change Request Form in Task 3.1.3
 3 x Status Report in Task 3.1.4
BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
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N
DNS
Did the student satisfactorily:
Comments
Y
Completed successfully
☐
☐
☐
☐
☐
☐
☐
☐
☐
☐
☐
☐

Email to Project Team to monitor the
implementation of the action plan in Task
3.1.5
Demonstrated ability to:
 Select and use cost-analysis methods and
tools to identify cost variations and
evaluate alternative actions
This is evidenced by:
 Determination of cost monitoring and
control procedures for each scenario in
Task 3.1.1
 Determination of project budget variations
due to scenarios in Task 3.1.1
 Action plan to address each scenario in
Task 3.1.2
 3 x Status Report in Task 3.1.4
Demonstrated ability to:
 Implement and monitor agreed actions to
maintain financial objectives
This is evidenced by:
 Action plan to address each scenario in
Task 3.1.2
 Change Request Form in Task 3.1.3
 3 x Status Report in Task 3.1.4
 Email to Project Team to monitor the
implementation of the action plan in Task
3.1.5
Demonstrated ability to:
 Provide accurate and timely financial
reports
This is evidenced by:
 3 x Status Report in Task 3.1.4
Demonstrated ability to:
 Conduct appropriate activities to signify
financial completion
This is evidenced by:
 Email to Project Team to communicate the
financial completion process in Task 3.2.1
 Outline of actions to address invoicing issue
in Task 3.2.2
 Lessons learned report in Task 3.2.3
BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
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Did the student satisfactorily:
N
DNS
Comments
Y
Completed successfully
Demonstrated ability to:
 Review project outcomes using available
records to determine effectiveness of
project cost management
 Review cost-management issues and
document improvements
☐
☐
☐
This is evidenced by:
 Lessons learned report in Task 3.2.3
Task Outcome:
Satisfactory ☐ Not Yet Satisfactory ☐
Student Name: Harsh Patel
Assessor Name:
Assessor Signature:
Date: 17-04-2021
Table of Content
Student Declaration ............................................................................................................................................... 2
Task 3 – Manage project cost and finalise project cost-management processes ........ 6
Task 3.1 Monitor and control project costs ................................................................................................... 9
Task 3.2 Complete cost-management processes ...................................................................................... 19
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Task 3 – Manage project cost and finalise project costmanagement processes
Task summary and instructions
What is this
assessment task
about?
This task builds on Task 2
This task comprises of product-based assessment methods, and a
Case Study in a simulated work environment.
It has been designed to evaluate your ability to:







Implement agreed financial-management processes and
procedures to monitor actual expenditure against budget
Select and use cost-analysis methods and tools to identify cost
variations and evaluate alternative actions
Implement and monitor agreed actions to maintain financial
objectives
Provide accurate and timely financial reports
Conduct appropriate activities to signify financial completion
Review project outcomes using available records to determine
effectiveness of project cost management
Review cost-management issues and document improvements
You are required to address the following:
 Task 3.1 Monitor and control project costs
o Address a Case Study with scenarios and manage project
costs
 Task 3.2 Complete cost-management processes
o Finalise cost-management processes at project closure
o Develop a lessons learned report
What do I need to do
to complete this task
satisfactorily?







BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
submit the completed assessment tasks, according to instructions,
complete the tasks with sufficient detail and present them in a
professional manner,
use your own words and reference sources appropriately,
meet the word count where required,
use the scenario provided,
use the templates provided where required
for your performance to be deemed satisfactory in this
assessment task you must satisfactorily address all of the
assessment criteria,
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Task summary and instructions

Specifications
if part of this task is not satisfactorily completed you will be asked
to complete further assessment to demonstrate satisfactory
performance.
You must deliver/participate in:

NA
You must submit to GOALS

Resources and
equipment
What will the
assessor be looking
for?
Determination of cost monitoring and control procedures for each
scenario
 Determination of project budget variations due to scenarios
 Action plan to address each scenario
 Change Request Form
 3 x Status Report
 Email to Project Team to monitor the implementation of the action
plan
 Email to Project Team to communicate the financial completion
process
 Outline of actions to address invoicing issue
 Lessons learned report
• Computer with Internet access
• Access to Microsoft Office suites or similar software
• Learning material
• Scenario for assessment document
• Relevant policies and procedures provided in a separate folder
• Use of the templates included in this assessment document
Your assessor will be looking for demonstrated evidence of your
ability to:
o
o
o
o
Re-submission
opportunities
Apply cost-management monitoring and control procedures
Develop reports
Complete cost-management processes
Determine lessons learned
You will be provided feedback on your performance by the Assessor.
The feedback will indicate if you have satisfactorily addressed the
requirements of each part of this task. If any parts of the task are not
satisfactorily completed, the assessor will explain why, and provide
you written feedback along with guidance on what you must
undertake to demonstrate satisfactory performance. Re-assessment
attempt(s) will be arranged at a later time and date. You have the
BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
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Task summary and instructions
right to appeal the outcome of assessment decisions if you feel that
you have been dealt with unfairly or have other appropriate grounds
for an appeal. You are encouraged to consult with the assessor prior
to attempting this task if you do not understand any part of this task
or if you have any learning issues or needs that may hinder you when
attempting any part of the assessment.
Procedures
1. Review the assessment scenario, the business documentation, including policies and
procedures and the templates provided:
o Policies and Procedures – provided in a separate folder
o Templates:
 1 – Change Request Form in Task 3.1
 2 – Status Report in Task 3.1
 3 – Email in Task 3.1,3.2
 4 – Lessons Learned Report in Task 3.2
2. Address the scenarios described in Task 3.1 as instructed:








Contextualise the scenarios where needed.
Detail what cost monitoring and control procedures were applied to monitor actual
expenditure against budget.
Identify and list the variations in the project budget.
Determine what actions are needed to ensure cost objectives remain achievable
throughout the project life cycle. Develop an action plan for each scenario.
Explain what cost-analysis methods were used to identify the cost variations and evaluate
alternative actions to support project progress.
Complete a Change Request Form (Template 1) to implement one or more actions needed
to address one of the scenarios.
Complete a Status Report (Template 2) for each timeline in the scenarios. Determine the
impact of the budget variation on the project deliverables in the status report. Add
additional rows if needed.
Write an email (Template 3) to the Project Team to monitor the implementation of the
agreed actions to address one of the scenarios.
3. Write an email (Template 3) to the Project Team to explain how to ensure that all tasks
related to cost-finalisation are completed (list the key tasks and outline the associated
processes).
Additionally, explain how the project financial records will be documented and transferred to
the finance department.
BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
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Procedures
4. Address the invoicing issues according to appropriate process.
5. Develop a lessons learned report.
Complete the following activities:
Task 3.1 Monitor and control project costs
Assume that the following has happened when executing the project, please contextualise the
scenario to reflect your project cost management plan.
Scenarios
A
B
C
D
25% timeline
The project sponsor communicated the decision to use a different supplier for one of the
costs items listed in the project budget.
This will increase the cost of that item by 5%.
Specify what cost item is affected based on your budget
25% timeline
New software was purchased for the project by a project team member with access to the
project corporate credit card; the software was purchased for $ 464.00. The item was not an
approved expense and, therefore, was not recorded in the project budget or approved
through the change management process.
50% timeline
Due to the consequences of Covid19 on the company, the project budget is cut by 10%.
75% timeline
The project team is working additional hours due to issues with the project schedule.
This will increase the costs of human resources by 8%.
The project sponsor has agreed to add $2,000.00 to the budget.
1. For each scenario:

Detail what cost monitoring and control procedures were applied to monitor actual expenditure
against budget.
BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
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
Identify and list the variations in the project budget.
Scenario Monitoring and control
(30-50 words/scenario)
A
The contract should be reviewed for
the change in the supplier/equipment
and should consult with other
stakeholders or consultants to
appoint new suppliers and request for
the quote of the equipment’s.
List of variations in the budget,
including % of the variation
Budget will be increased by 5% of the
original
B
The budget plan should be updated,
and a change request form should be
prepared to request the change and
an email should be sent to the project
manager for the approval of extra
expense which was not recorded in
the project budget.
Budget will be increased by $464.
Stakeholders and sponsors should be
informed, and the budget should not
be changed without their consent.
Renegotiation should be done with
the suppliers due to the
consequences of COVID 19 on the
company.
The extra hours worked by the
employees should be monitored by
using employee monitoring software
the tracks staff’s activity and
incorporate daily/weekly planning
sessions to help manager
communicate expectations.
Budget will be decreased by 10%
C
D
Budget estimation and financial report is to
be updated.
Change in the timeline.
Record keeping document should be
updated.
Budget estimation and financial report is to
be updated.
Budget Plan should be updated based on
the changes
Staff cost will be increased by 8%
Project schedule should be updated.
2. For each scenario:

Determine what actions are needed to ensure cost objectives remain achievable throughout the
project life cycle. Develop an action plan for each scenario.
Explain what cost-analysis methods were used to identify the cost variations and evaluate alternative
actions to support project progress. (40-80 words)

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RTO Provider: 91153 - CRICOS Code: 02672K
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Scenario
Key actions
Responsibility
Timeline
Resources
A
Search for
prospective supplier
Prepare a list of
all potential
suppliers with
their contacts
Contact the
Infrastructure
Manager of the
campus to get
the information
of the supplier
Installation and
troubleshooting
of the software.
1 Week
Record Keeping
Documents
2-3/scenario
Look for the supplier
which are already in
contract with other
campuses.
B
Purchase the
software.
2 Days
2 days
Costanalysis
methods



Updating Record
keeping
document to
maintain
software
renewal.
C
Computer
Phone charges
Laptop
Microsoft
Server
Internet
connection
Use company’s credit
card.
Only use it for
the purchase of
software and
return to the
manager.
2 days
Maintain enough
funds in the credit
card.
Get approval from
Project Manager.
Writing an email
Getting it signed
Informing the
changes of
project budget
1 week
Email
Adobe acrobat
Adobe Fill and
Sign
Change in project
budget and schedule.
Update project
1 Week
Excel file/ Gantt
budget and
Chart
timeline
Extra hours for Staff
Manage hours
Application to
by using
record extra
software to track
hours worked by
the progress
staff.
To perform the cost analysis, we used a top-down approach to identify
additional costs and resources and predict the risk management analysis.
This method helped us in deciding on the cost of the project and distribute it
BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
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Scenario
Key actions
2-3/scenario
Responsibility
Timeline
Resources
among the work packages. This method is mainly used by senior managers
or executives who make decisions to complete the task.
3. Change Request
Complete a Change Request Form (Template 1) to implement one or more actions needed to address
one of the scenarios.
Template 1 -Change Request Form
Change Request – Project
Issued by
Project Manager
Change/s Requested
Changes requested to amend project schedule, budget and supplier for
one particular item.
Reason for change/s
Due to unforeseen circumstances, we need staff to work additional
hours, one supplier shutting down, and Covid-19 impacting day to day
work environment.
Impact on the project
It makes huge impact on project budget because project budget is
reduced by 10% so we have to calculate the total cost of project again
and new findings.
We will use contingency budget to operate daily operations, but it will
affect the risk and issues backup budget.
Budget will be decreased, so we will need to renegotiate with suppliers.
There would be some changes at the workplace such as delays, method
of communications and deliveries.
Change authorised:
Yes/No
Signed: Harsh Patel
Signed
Project Manager
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RTO Provider: 91153 - CRICOS Code: 02672K
Signed
Signed
Client- MMI
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Change Request – Project
Sponsor –
Taylor
Date: 17/04/2021
Date: 17/04/2021
Date: 17/04/2021
Date: 17/04/2021
Record
Complete the filing record below so that the project documentation can be saved in the project management record system.
Project Title: MMI_Sydney Campus
Project Client:
MMI
Project Sponsor:
Taylor Varin
File Name: MMI_ChangeRequestV1
Project
Manager: Harsh
Patel
Date: 24/04/2021
Version: 1
4. Status Report

Complete a Status Report (Template 2) for each timeline in the scenarios. Determine the impact of
the budget variation on the project deliverables in the status report. Add additional rows if
needed.
Template 2 -Status Report
Status Report – 25% timeline
MMI _Sydney Campus
Prepared by: Harsh Patel (Project Manager)
Date: 17-04-2021
Attention to: Mr Eli Brown – Non-executive Director, Mr Leonard Black – CFO Academic Manager
(Jacob Graham) and Taylor Varin – Client Service Manager
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Status Report – 25% timeline
Executive
Due to the changes in the server licensing issues, there has been an increase of
summary
5% in costs as advanced security licenses needs to be provided at the campus
report
for enhanced security region.
Use this section for
summary information
about the status of the
project.
The impact of this change has resulted in an increase in costs by nearly 5%. A
new windows license was to be purchased by the corporate credit card to have
it implemented into the organisation; the software was purchased for $ 464.00.
Impact and actions planned/implemented to remedy:
The item was not approved by the organisation and had to be added into the
organisation’s budget.
A change request form was raised to have this approved.
Deliverable
Deliverable
Work to date
status
Use this section for
Planned
Status
realisation date
Campus selection
summary information
Inspection has
02-03-2021
been completed,
about the status of the
deliverables of the
and approvals are
project.
in place.
Project scope
Project Manager
identification
was consulted and
07-04-2021
was advised about
the change
Volume Licensing
Analysed the
terms and
scope of
conditions
implementation
15-04-2021
and requested for
a new license
Service
Purchased and
Deployment
deployed the
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RTO Provider: 91153 - CRICOS Code: 02672K
07-04-2021
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Status Report – 25% timeline
software
application
Budget status
Budget Item
Estimated Cost
Actual Cost
Variation %
Use this section for a
Computers
$8000
$8400
5%
Software’s
$232
$464
100%
$1050
5%
summary of the status
of the project’s budget
Keyboards, mouse $1000
& other
accessories
Record
Complete the filing record below so that the project documentation can be saved in the project management record system.
Project Title: MMI_Sydney Campus
Project Client:
XYZ LTD
Project Sponsor:
Taylor Varin
File Name: MMI_StatusReport_V1
Project
Manager: Harsh
Patel
Date: 17-04-2021
Version: 1
Status Report – 50% timeline
MMI _Sydney Campus
Prepared by: Harsh Patel (Project Manager)
Date: 17-04-2021
Attention to: Mr Eli Brown – Non-executive Director, Mr Leonard Black – CFO Academic Manager
(Jacob Graham) and Taylor Varin – Client Service Manager
Executive
Due to the impact of COVID-19 and reduction of day-to-day operations there is
summary
a change in the budget which was decreased by 10% overall.
report
Use this section for
summary information
BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
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Status Report – 50% timeline
about the status of the
project.
Deliverable
Deliverable
Work to date
status
Use this section for
summary information
about the status of the
Planned
Status
realisation date
Update in the
We are in the
budget plan
progress of
deliverables of the
updating the
project.
budget plan
09-04-2021
considering all the
factors
Renegotiation
To minimise the
with the suppliers
cost suppliers’
07-04-2021
costs needs to be
Renegotiated
If agreed by
Waiting for the
suppliers a new
confirmation from
settlement of
the supplier
07-04-2021
contract needs to
be done
Minimise the cost
On-going
09-04-2021
of equipment’s
Budget status
Budget Item
Estimated Cost
Actual Cost
Variation %
Use this section for a
Reduction in
$300,000
$200,000
33.3%
$7000
$9500
35.7%
summary of the status
of the project’s budget
furniture cost
Alternatives for
software
Record
Complete the filing record below so that the project documentation can be saved in the project management record system.
BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
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Project Title: MMI_Sydney Campus
Project Client:
XYZ LTD
Project Sponsor:
Taylor Varin
File Name: MMI_StatusReport_V1
Project
Manager: Harsh
Patel
Date: 17-04-2021
Version: 1
Status Report – 75% timeline
MMI _Sydney Campus
Prepared by: Harsh Patel (Project Manager)
Date: 17-04-2021
Attention to: Mr Eli Brown – Non-executive Director, Mr Leonard Black – CFO Academic Manager
(Jacob Graham) and Taylor Varin – Client Service Manager
Executive
H.R department requires additional hours to complete the task which will
summary
increase the budget by 7.5%
report
Use this section for
summary information
about the status of the
Due to the change in the project schedule the workforce must increase their
working hours which increased the cost by 8%
project.
Deliverable
Deliverable
Work to date
status
Use this section for
summary information
about the status of the
Planned
Status
realisation date
Budget review is
Calculations in
in progress for the
progress
deliverables of the
changes made in
project.
the overall cost
03-04-2021
due to increased
working hours.
Stakeholders
Review in
needs to be
progress
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RTO Provider: 91153 - CRICOS Code: 02672K
05-04-2021
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Status Report – 75% timeline
updated about the
changes
Budget status
Budget Item
Estimated Cost
Actual Cost
Variation %
Use this section for a
Hours allocation
$8000
$9000
8%
summary of the status
of the project’s budget
change due to
increased working
hours
Record
Complete the filing record below so that the project documentation can be saved in the project management record system.
Project Title: MMI_Sydney Campus
Project Client:
XYZ LTD
Project Sponsor:
Taylor Varin
File Name: MMI_StatusReport_V1
Project
Manager: Harsh
Patel
Date: 17-04-2021
Version: 1
5. Monitoring implementation
Write an email (Template 3) to the Project Team asking them to monitor the implementation of the
agreed actions to address one of the scenarios.
The text of the email should be in grammatically correct English, written in an appropriate (polite,
business-like) style.
(50-100 words)
Template 3 -Email
Email to Project Team
To: Mir Ali, Don, Kushal, Vishwa
Cc:
Bcc:
Subject: Monitoring and Control
Date email is sent: 19-04-2021
Attachments: Project Report
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RTO Provider: 91153 - CRICOS Code: 02672K
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Dear Team,
Hope you are all well. I am writing in regard to the monitoring process which was discussed in
our last meeting for all the required changes that are to be implemented.
As per our discussion, the following changes are to take place with team being responsible for
considering the following activities:
Change of suppliers for Equipment and reviewing the contract associated with this change
The expenses for software for $464 which was not considered are now to be included in the
budget and updating the budget
The project budget would reduce by 10% due to Covid-19
The cost for the services of HR department will increase due to their overtime, and project
sponsor has agreed to put on an extra sum of $2000 for this expense.
As per the following activities, kindly send your monitoring activities via email that have been
decided upon at the end of the week for the upcoming 2 weeks.
Kind regards,
Project Manager
Harsh Patel
Task 3.2 Complete cost-management processes
1. Financial completion process
Write an email (Template 3) to the Project Team to explain how to ensure that all tasks related to
cost-finalisation are completed (list the key tasks and outline the associated processes).
Additionally, explain how the project financial records will be documented and transferred to the
finance department.
The text of the email should be in grammatically correct English, written in an appropriate (polite,
business-like) style.
(50-100 words)
Template 3 -Email
Email to Project Team
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To: Mir Ail, Don, Kushal, Vishwa
Cc:
Bcc:
Subject: Project Accounting Closure
Date email is sent: 24-04-2021
Attachments: Approved Report Templates
Dear Team,
Hope you are all. I am writing in regard to project accounting closure. Please complete the tasks for
the closure of cost-management by 11/05/2021. To be done by the Finance Manager.
-
Checking of all invoices against all the costs, expenses and bank statement
Reconciling with bank statements and account
Closing off the project cost centre and halt additional spending
Evaluating the performance of budget
Preparing financial reports
The reports and processes which have been approved to commute with the financial department
are as follows:
-
Record keeping
Transfer Emails for passing of information
Meetings and documenting them
Financial reports
Financial software
Please perform the above-mentioned tasks and look through the record keeping and communication
processes that has been addressed. Once they are done, send me an update.
Regards
Harsh Patel
Project Manager
2. Invoicing issue
During the project reconciliation process, you have found that an invoice for a cost item is not
reflective of the quote agreed on with the supplier.
You had a quote for $ 800.00 from an electrician for a security audit and electrical inspection of the
new campus. The service supplier charged $1,000.
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Outline how the situation is addressed according to your project cost management and finalisation
processes.
(50-100 words)
The situation for over spent charge of $200 is addressed and managed in the following ways:
-
Legal advisors are to be consulted with
All applicable contracts and their terms are to be reviewed
Commute to all project members including stakeholders and sponsors
Keeping all records of meeting for both past and present time regarding this change
Update financial records and stay updated with financial department
Ask for a refund for the over-spent amount which was paid
Asking the service supplier to provide with an updated invoice
3. Lessons Learned
Consider the scenarios addressed in Task 3.1, your planning work in Task 2 and the following
feedback:



Estimates were not produced in a timely manner.
Some miscommunications with the project team limited the visibility to project field activities,
causing inaccurate paper process and inefficiencies.
A unified project cost management platform is recommended for future projects.
Review the project outcomes to determine the effectiveness of cost management in the project.
Complete a lessons learned report (Template 4).
Template 4 -Lessons Learned
Lessons Learned Report
Name of project: MMI_SydneyCampus
Overview
A brief summary of how cost was managed, to include issues and how they were addressed. Was the project delivered within budget?
The following were the issues caused during the implementation of the project.
-
Changes in supplier for one of the items
10% reduction in budget due to impact of Covid-19 (external factor)
Exclusion of expenses
Changes in budget due to overtime wages that had to be paid.
BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
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Lessons Learned Report
The above issues were addressed and managed in the following ways:
-
Reviewing previous and current records
Reviewing financial reports
Financial and accounting softwares
Transfer of information using emails and holding meetings with relevant bodies whenever
required.
Requesting for updated invoices wherever required
Updated timeline for project scope, timeline and budget
Communication with all team members, stakeholders and sponsor for all changes that took
place
Due to changes mentioned above, the project deliverables were not fully accommodated with the
budget that was estimated at the beginning of the project.
Worked well
-
Use of financial software.
Team collaboration
Planning
Could have gone better
-
Better communication skills
Better project cost management
skills
Pandemic should have been taken
into consideration more strongly
which are considered less likely
Lessons learned and suggested improvements (40-80 words): As per the project plan, we have
identified that cost control, completed on time, supervising procedures are better. However, there
are some issues such as estimates were not produced in a timely manner, some
miscommunications with the project team limited the visibility to project field activities, causing
inaccurate paper process and inefficiencies and it is recommended that the unified project cost
management platform is recommended for future projects.
Record
Complete the filing record below so that the project documentation can be saved in the project management record system.
Project Title: MMI_Sydney Campus
Project Client:
XYZ LTD
BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
Date: 17-04-2021
Version: 1
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Lessons Learned Report
Project Sponsor: Taylor
Varin
BSBPMG514 - Manage project cost V2 2020
RTO Provider: 91153 - CRICOS Code: 02672K
Project
Manager: Harsh
Patel
File Name: MMI_LessonsLearnedV1
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