Evidence of PMBOK6: Methodology, Application, and Contribution

Project Management in Business: Individual Assignment 1
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Date: October 10, 2023
Part 1
Evidence of PMBOK6 Methodology application and contribution
PMBOK Area/Process

Application (Evidence and Justification)

Contribution

Benchmarking

Benchmarking was applied during the planning phase of WA's transition to the NDIS. The project team compared the state's transition plan with successful NDIS transitions in other Australian states, such as New South Wales and Queensland. They examined key success factors, timelines, and resource allocation in those states, analyzing both achievements and challenges they encountered. This benchmarking process allowed WA to tailor its transition plan based on lessons learned from these precedents.

Benchmarking contributed valuable insights into best practices from other NDIS transitions. It helped WA's transition team identify potential risks, mitigate challenges, and align their plan with successful precedents, ultimately improving the efficiency of the transition process (Office of the Auditor General Western Australia, 2020).

Cost-benefit Analysis

Cost-benefit analysis was a pivotal element in the decision-making process for WA's transition to the NDIS. Prior to committing to the transition, the state government conducted an extensive cost-benefit analysis. They assessed the expected costs of transitioning, including the necessary infrastructure and workforce training, versus the anticipated benefits. These benefits included improved service quality, better outcomes for people with disabilities, and potential long-term cost savings in disability support services (NDIS, 2020). The analysis provided a clear and quantifiable rationale for moving forward with the transition.

The cost-benefit analysis provided a data-driven justification for the transition. It enabled stakeholders to understand the financial implications and long-term benefits, ensuring that the decision to proceed was economically sound and aligned with the state's goals for disability services.

Earned Value Analysis

Earned Value Analysis (EVA) was pivotal in monitoring the progress of WA's transition to the NDIS. Throughout the transition, EVA was employed to compare planned versus actual costs and timelines. The project team could assess the project's health by calculating metrics like the Cost Performance Index (CPI) and Schedule Performance Index (SPI). For instance, they discovered that the transition was experiencing delays in moving participants onto the NDIS, which could result in paying for unused services. The project team initiated corrective actions, including adjustments to resource allocation and participant outreach strategies, to mitigate these delays and ensure the transition stayed on track (Australian Parliament House, 2018).

Earned Value Analysis provided real-time visibility into the project's financial and schedule performance. It allowed for proactive adjustments to mitigate delays and budget overruns. For example, when faced with the risk of paying for unused NDIS services due to participant delays, EVA prompted corrective actions that helped align the transition with planned time...