1.1 Explain how to carry out a cost-benefit analysis for a project

Learning Outcomes

Assessment Criteria

The learner will:

The learner can:

1. Understand the management of a project

1.1 Explain how to carry out a cost-benefit analysis for a project

1.2 Evaluate the use of risk analysis techniques

1.3 Evaluate project planning and management tools and techniques

1.4 Evaluate the impact of changes to project scope, schedule, finance, risk, quality and resources

1.5 Analyse the requirements of project governance arrangements

2. Be able to plan a project

2.1 Analyse how a project fits with an organisation’s overall vision, objectives, plans and programmes of work

2.2 Agree the objectives and scope of proposed projects with stakeholders

2.3 Assess the interdependencies and potential risks within a project

2.4 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

2.5 Develop proportionate and targeted plans to manage identified risks and contingencies

2.6 Apply project lifecycle approaches to the progress of a project

3. Be able to manage a project

3.1 Allocate resources in accordance with the project plan

3.2 Brief project team members on their roles and responsibilities

3.3 Implement plans within agreed budgets and timescales