This is a great activity to use with lower or higher levels of Spanish. The project is lined out in a step by step guide for the students, with the rubric on the back. I have used in both Spanish 2 and Spanish 3 classes.
Spanish 2: I gave them one day in class to prepare and then we did presentations the following day.
Spanish 3: I assigned a week ahead of time and required that they videotape the scene and post to a discussion board.
This is a great way to use the vocabulary and grammar bits in context!