ASSIGNMENT MARKING RUBRIC
GA11: Project Management and Finance
Basic techniques from economics and project management applied to one’s own work, as a member or leader in a team and to manage projects in multi-disciplinary environments.
Where is the outcome assessed? Assignment that is of high order through engineering management problem that requires economic decision-making.
How is this outcome assessed? The attribute is accessed in graded assignment, where the student is given scenarios in Industry settings and tasked to find the most
efficient and profitable choice of action. The student must demonstrate adherence to economic principles in the process of their
decision-making.
What is satisfactory performance? Ability of students to make efficient and financially astute decisions pertaining to organizational economics and management. The
student must show the ability to solve an economic-based problem, which requires economic decision-making.
What is the consequence of unsatisfactory performance? If the student scores less than 50% in the assignment, they will be given another opportunity. If the student still fails to score above
50% then the student will have to repeat the module.
GA INDICATORS LEVEL OF ACHIEVEMENT Marks Student Moderator
Mark Mark
Level 4 Level 3 Level 2 Level 1
Outstanding Competent Developing Inadequate
16-20 11-15 5-10 0-4
Budget: Demonstrates a skilful Demonstrates an ability to Demonstrates some ability to Demonstrates minimal or no 20
Ability to create and/or ability to create and/or create and/or define budget create/define budget terms, ability to create/define budget
define key budget terms define budget terms. terms which may not fully address the terms.
problem
16-20 11-15 5-10 0-4
Economics Principles: *Demonstrates a skillful *Demonstrates an ability to *Demonstrates some ability to *Demonstrates minimal or no 20
Ability to comprehend ability to comprehend and comprehend and employ comprehend and employ ability to comprehend and
and employ economic employ economic economic principles, economic principles, including employ economic principles,
principles of an principles, including including cost versus value. cost versus value. including cost versus value.
engineering project, cost versus value. *Understands the limitation *Understands the limitation of *Understands the limitation
including short-term cost *Understands the limitation of economic analysis in an economic analysis in an of economic analysis in an
vs. long-term of economic analysis in an engineering context. engineering context. engineering context.
value. engineering context. *Understands the effect of *Understands the effect of the *Understands the effect of
*Understands the effect of the national/global economy national/global economy on the national/global economy
the national/global economy on engineering projects engineering projects on engineering projects
on engineering projects
9-10 6-8 3-5 0-2
Time and Change *Demonstrates a skillful *Demonstrates an ability to *Demonstrates some ability to *Demonstrates minimal or no 10
Management: ability to manage time and manage time and change. manage time and change. ability to manage time and
Ability to estimate time change. change.
on task, establish
deadlines/milestones,
follow timeline, monitor
and complete project.
16-20 11-15 5-10 0-4
Quality Assurance: *Demonstrates a skillful *Demonstrates an ability to *Demonstrates some ability to *Demonstrates minimal or no 20
Ability to understand ability to understand quality understand quality understand quality assurance. ability to understand quality
and assure that work assurance. assurance. *Analyzes the economic assurance.
meets expectations, *Analyzes the economic *Analyzes the economic viability of engineering projects *Analyzes the economic
specifications and viability of engineering viability of engineering by applying economic tools and viability of engineering
standards. projects by applying projects by applying principles. projects by applying
economic tools and economic tools and • Identifies the requirements, economic tools and principles
principles principles assumptions, risks and • Identifies the requirements,
• Identifies the • Identifies the constraints. assumptions, risks and
requirements, assumptions, requirements, assumptions, • Plans the project within the constraints
risks and constraints risks and constraints project constraints, creates a • Plans the project within the
• Plans the project within • Plans the project within schedule, performs risk analysis, project constraints, creates a
the project constraints, the project constraints, considers plans to manage schedule, performs risk
creates a schedule, performs creates a schedule, performs changes. analysis, considers plans to
risk analysis, considers risk analysis, considers • Evaluates cost of alternative manage changes
plans to manage changes plans to manage changes approaches, assesses purchases • Evaluates cost of alternative
• Evaluates cost of • Evaluates cost of and creates procurement approaches, assesses
alternative approaches, alternative approaches, document, reports on purchases and creates
assesses purchases and assesses purchases and project progress, produces procurement document,
creates procurement creates procurement deliverables. reports on
document, reports on document, reports on • Applies risk management project progress, produces
project progress, produces project progress, produces principles in an engineering deliverables
deliverables deliverables project. • Applies risk management
• Applies risk management • Applies risk management principles in an engineering
principles in an engineering principles in an engineering project.
project. project.
ASSIGNMENT MARK 70
%
Examiner signature: Date:
Moderator Signature: Date:
Page 1 of 2
EMECN4A – ENGINEERING ECONOMICS