BSBPMG514 Assessment Task 2-
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COURSE CODE: BSBPMG514
BSBPMG514 – Assessment Task 2 (Project) Last Updated:
April 2018, V. No. 1.1 Page 1 of 10
Submission details The Assessment Task is due on the date specified by your trainer. Any variations to this arrangement must be approved in writing by your trainer. Submit this document with any required evidence attached. See specifications below for details. You must submit soft copy of your answers in a word document.
Upload the softcopy on the link provided in the eLearning site. Assessment description Using the workplace scenario (Max Lionel Realty) information provided separately and also in appendix 1, you will do/answer the tasks/questions regarding the project cost management specified below. You will also need to discuss with your Operations General Manager (the assessor) throughout the process for approval. If you have workplace documents you wish to submit instead of using the all or part of the tasks/questions: •
You must be the author of these documents •
You need to map the workplace documents to the Assessment criteria. This mapping demonstrates your understanding of the assessment criteria. •
Your facilitator can provide you will details on the documentation you need to provide to do this. All tasks/questions in this assessment must be applied to your project (unless otherwise stated) and specific answers (not just theory) are required to show you can apply what you have learnt to your project – even if you do not currently undertake all aspects in your workplace.
Your answers must be satisfactory for all tasks/questions
. Criteria for competency To achieve competency in this Unit, you must demonstrate knowledge, skills and experience to:
•
determine resource requirements for individual tasks identified in the work breakdown structure, with input from stakeholders and guidance from others •
estimate project costs to enable project budget to be prepared within agreed tolerances •
develop a project budget Last Updated:
April 2018, V. No. 1.1 Page 2 of 10
•
develop a cost-management plan, within delegated authority, to ensure clarity of understanding and ongoing management of project finances •
implement agreed financial-management processes and 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 the effectiveness of project cost information •
review cost-management issues and document improvements Appendix 1 – Scenario Max Lionel Realty Max Lionel Realty (MLR), in order to build customer goodwill and satisfy its legal and ethical obligations, has decided to implement a program to: ●
inform agents of legal and ethical obligations (particularly with respect to WHS and anti-discrimination legislation) and any standards or codes of conduct followed by the organisation ●
promote high standards in professional conduct (see Real Estate Institute of Victoria (REIV) Code of Conduct and relevant legislation) ●
inform clients, tenants and potential tenants of MLR’s commitments ●
achieve employee and client buy-in for initiative You are an external consultant (from Ace Consultants) contracted to project manage activities to achieve the objectives above. Quality standards for deliverables: ●
clearly communicate legal obligations and REIV obligations ●
contain as content or support company strategic directions ●
no grammar or spelling errors ●
professional but friendly language ●
fair and flexible delivery for intended audience Last Updated:
April 2018, V. No. 1.1 Page 3 of 10
●
meet audience requirements and sensitive to information needs, cultural diversity. Previous needs analysis for the project has uncovered characteristics and requirements of Residential and Commercial Agents and Clients: Agents Clients Tenants ●
under stress; time
poor ●
highly trained and competent in selling and managing real estate ●
unaware of legal, ethical requirement. just want to please clients ●
even if aware, have no idea how to apply to daily client practice ●
cynical: e.g. ‘why do I have to pay attention to MLR’s internal business? I just want them to manage my property.’
●
time poor ●
not sure of MLR obligations and commitment to best-of-breed client service and ethical practice, REIV code of conduct ●
sometimes feel
discriminated
against on basis
of: ○
lifestyle ○
family status ○
cultural background ○
income, etc. ●
unclear on overall
strategic aims of MLR ●
culturally diverse.
●
feel it’s the agent’s obligation
to fill rental/lease properties according to client wishes: e.g.
‘I choose who lives in/leases my property’
●
culturally diverse.
●
residential agents have been rude or insensitive on occasion: e.g. ‘you wouldn’t treat your rich clients or investment partners
this way’
●
do not feel they are adequately consulted ●
residential/
Last Updated:
April 2018, V. No. 1.1 Page 4 of 10
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STORY PROBLEM
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The following account balances appear in the 2024 adjusted trial balance of Blue Devils Corporation: Cash, $5,000; Accounts
Receivable, $9,000; Supplies, $19,000; Land, $75,000; Accounts Payable, $26,000; Salaries Payable, $16,000; Common Stock,
$60,000; and Retained Earnings,
Prepare the December 31, 2024, classified balance sheet including the correct balance for retained earnings.
eBook
Assets
Print
Current assets:
References
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Hill
BLUE DEVILS CORPORATION
Balance Sheet
December 31, 2024
Liabilities
Current liabilities:
Total current assets
Long-term assets:
Total current liabilities
Stockholders' Equity
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Total stockholders' equity
Total liabilities and stockholders' equity
Check…
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