Manage a project

Overview

Framework:
RQF
Level:
Level 4
Unit No:
R/506/1999
Credits:
7
Guided learning hours:
38 hours

Assessment Guidance

All Assessment Criteria must be met and assessed in line with Skills CFA Assessment Strategy.

Unit Learning Outcomes

1

Understand the management of a project.

Assessment Criteria

  • 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.

Assessment Criteria

  • 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.

Assessment Criteria

  • 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.

  • 3.4

    Communicate the requirements of the plans to those who will be affected.

  • 3.5

    Revise plans in the light of changing circumstances in accordance with project objectives and identified risks.

  • 3.6

    Keep stakeholders up to date with developments and problems.

  • 3.7

    Complete close-out actions in accordance with project plans.

  • 3.8

    Adhere to organisational policies and procedures, legal and ethical requirements when managing a project.

4

Be able to evaluate the effectiveness of a project.

Assessment Criteria

  • 4.1

    Conduct periodic reviews of the progress and effectiveness of a project using information from a range of sources.

  • 4.2

    Evaluate the effectiveness of capturing and managing project-related knowledge.

  • 4.3

    Report on the effectiveness of plans.