Professional Documents
Culture Documents
Part A: All 10 Questions Are Compulsory. 1/2 Mark For Each Question
Part A: All 10 Questions Are Compulsory. 1/2 Mark For Each Question
2. A project begins with a _______ being presented to a funding entity. This document typically
includes monetary cost and benefit elements as well as nonmonetary factors such as the strategic
justification for the project, expected behavioral impacts, increases in efficiency, service
improvements, competitiveness effects, and so on.
a. project charter
b. business case
c. project description
d. portfolio
6. Which of the following is the most important for success of the project?
a. The Project Manager has support of top management
b. Sufficient financial resources
c. A competent team
d. Good working environment
7. What should a PM do to ensure adequate resources are available for project success?
a. Be good friends with upper management
b. Make deals with other PMs for exchanging resources
c. Be ready to negotiate resource tradeoffs, such as subcontracting, if necessary
d. Request an extension of the project due date
12. A four-year financial project has net cash flows of $20,000; $25,000; $30,000; and
$50,000 in the next four years. It will cost $75,000 to implement the project. If the required
rate of return is 0.2, conduct a discounted cash flow calculation to determine the NPV. What
is the Profitability Index for the project?
13. a) Name and briefly describe the three primary goals of a project. (2 Marks)
b) List the six main characteristics of a project and briefly describe the important
features of each. (3 Marks)
or
14. a) In what ways may the Work Breakdown Structure (WBS) be used as a key document
to monitor and control a project? (2 Marks)
b) b) What are the basic steps to design and use the WBS? (3 Marks)