Best-practice Time Management Methodologies Management Assignment Help

Assignment Task

Task 1 – Knowledge QuestionnaireTask summary and instructions

• What is this assessment task about? This assessment is a written questionnaire with a mix of objective and subjective questions.
• The questionnaire is designed to meet the knowledge required to meet the unit requirements safely and effectively.
• The questions focus on the knowledge evidence required for this unit of competency:
• estimation techniques to determine task duration and resource effort
• procedures for identifying critical path
• procedures for managing project baselines, establishment and variance
• project life cycle phases
• best-practice time management methodologies, their capabilities, limitations, applications and outcomes
• key tools for project scheduling
• work breakdown structures and how they apply to project schedules.
• Your assessor will be looking for demonstrated evidence of your ability to answer the questions satisfactorily, follow instructions, conduct online research and review real or simulated business documentation as instructed.
• What do I need to do to complete this task satisfactorily? submit your answers to the questions within the set timeframe,
• answer all questions as instructed,
• answer all questions using your own words and reference any sources appropriately,
• all questions must be answered satisfactorily.
• It is advisable to:
• review the questions carefully,
• answer the questions using online research and the learning material provided for the unit and by reviewing real or simulated relevant business documentation (such as policies and procedures),
• further research the topics addressed in each question.
• Specifications You must submit to GOALS the
• assessment coversheet,
• answers to all questions,
• references.
• Resources and equipment computer with Internet access,
• access to Microsoft Office suites or similar software,

Answer all the questions below:
Question 1 – Explain each of the following estimating techniques and how each can be used to determine task duration and resource effort within a project. Estimating techniques Explanation (40-80 words/estimating technique)Analogous Estimating Parametric Model Estimating 3 Point Estimating Expert Judgment Estimating Reserve Analysis Bottom-Up Analysis Question 2Describe the critical path of a project and explain the steps used to identify it using the Critical Path