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NEW QUESTION # 23
The Management Case states that, because the Pittville project is part of the Western Area Learning Improvements Programme:
1. A benefits realization strategy and benefits register are NOT required for the project.
2. All benefits will be tracked at the programme level.
Which 2 statements apply to these entries?
- A. No change to entry 2, because when a project is part of a wider programme, benefits should be tracked only at the programme level.
- B. Amend entry 1, because the benefits realization strategy for the project should outline how the programme's approach to realizing benefits is being adapted for the project.
- C. Amend entry 1, because all projects should use a benefits register to identify key benefits and how they will be tracked.
- D. No change to entry 2, because tracking benefits at the programme level will help to avoid double counting of benefits from different projects.
- E. Amend entry 2, because the potential benefits from the project should be documented only in the Economic Case.
Answer: B,C
NEW QUESTION # 24
Which 2 observations correctly evaluate the affordability of the Pittville project?
- A. At the end of Year 6, E6 million of the initial spending costs will have been recovered.
- B. The Financial Appraisal shows that this scheme is unaffordable.
- C. The revenue budget should show how long it will take for the surplus income to cover the initial cost of building the new campus.
- D. If expenditure and income continue at the same rate, each subsequent year should return a surplus of £1 million.
- E. The surplus Income forecast in Year 1 is sufficient to cover the deficit forecast in Year 2.
Answer: D,E
NEW QUESTION # 25
Temporary accommodation has been put on the site of the Old Fire Station Headquarters whilst the development of the new campus takes place.
Should the cost of the temporary accommodation be treated as a capital cost within the Financial Appraisal?
- A. No, because construction and refurbishment costs should be treated as revenue costs.
- B. Yes, because all running costs must be accounted for.
- C. No, because the Financial Appraisal should NOT contain capital costs.
- D. Yes, because these are a cost of developing the scheme.
Answer: D
NEW QUESTION # 26
Which 2 statements should be recorded under the Proposed charging mechanisms heading?
- A. The contract period for development of the new campus is three years.
- B. The return on the investment will repay the sum of the original investment over 10 years.
- C. The cost of any changes to the contract will need to be authorized by the Programme Change Board.
- D. The new campus building is to be listed as an asset on the Local Education Authority balance sheet.
- E. 20% of the contract price is to be paid up front for materials.
Answer: B,E
NEW QUESTION # 27
Using the Scenario, answer the following question about the actions taken when establishing the Economic Case within the Outline Business Case (OBC).
It is thought that funding for the new campus on the site of the Old Fire Station Headquarters could be achieved through a public private partnership (PPP). The size of the Pittville project is very similar to the recent PPP development of Marshgate High School, a school in a neighbouring part of the county.
Lines 1 to 5 in the table below consist of an assertion statement and a reason statement. For each line identify the appropriate option, from options A to E, that applies. Each option can be used once, more than once or not at all.
Answer:
Explanation:
NEW QUESTION # 28
Using the Scenario, answer the following questions about the critical success factors (CSFs) for the option to build a campus on the Old Fire Station Headquarters site, with all courses for 16 - 18-year-olds provided by Pittville University.
Remember to select 2 answers to each question.
Which 2 attributes demonstrate that this option supports the key CSF Strategic fit and business needs?
- A. All further education units need to be absorbed into the new campus, reducing the number of educational providers to choose from.
- B. The Local Education Authority Director has agreed to be the Senior Responsible Owner for the Pittville project.
- C. The attainment of qualifications should increase by 15% through the provision of better facilities.
- D. Physical access to learning will be improved throughout the region as the new site has good access from most of Pittville.
- E. Local parents are opposed to the closing of Pittville High School.
Answer: C,D
NEW QUESTION # 29
The rationalization of courses will increase the utilization of teaching staff from 75% to 90% and improve teacher/pupil ratios.
During which activity should the project manager capture this information?
- A. Determine benefits, risks, constraints and dependencies.
- B. Determine potential business scope and key service requirements.
- C. Determine spending objectives, existing arrangements and business needs.
- D. Agree strategic context.
Answer: B
NEW QUESTION # 30
Answer the following question about the Programme Business Case.
The following questions include only true statements, but only 2 statements are appropriate entries for that heading in the Strategic Case section.
Remember to select 2 answers to each question.
Which 2 statements should be recorded under the Organization overview heading?
- A. The Consortium has been formed to plan the transformation of education and learning for 14-19- year-olds throughout the Western Area.
- B. Formal meetings have been held over the past nine months to establish the goals to be achieved.
- C. Pittville is the commercial, retail and cultural centre of Topland, with a population of circa 22,000.
- D. There are problems accessing learning in some parts of the region.
- E. There is a shortage of higher education establishments in the region.
Answer: A,D
NEW QUESTION # 31
Using the Scenario, answer the following questions about the Financial Appraisal of the option to build a new campus on the site of the Old Fire Station Headquarters.
Decide whether the action taken represents an appropriate application of the Five Case Model for this project and select the response that supports your decision.
The cost of the temporary accommodation on the site of the Old Fire Station Headquarters has been treated as a revenue cost within the Financial Appraisal. This temporary accommodation is required as part of the construction of the new campus.
Is this an appropriate application of the Five Case Model for the project?
- A. No, because the Financial Appraisal should NOT contain revenue costs.
- B. No, because construction and refurbishment costs should be treated as capital costs.
- C. Yes, because all construction costs must be accounted for.
- D. Yes, because these represent a cost of developing the scheme.
Answer: B
NEW QUESTION # 32
Using the Scenario, answer the following questions about the Commercial Case for the Pittville project.
Lines 1 to 6 in the table below consist of an assertion statement and a reason statement. For each line identify the appropriate option, from options A to E, that applies. Each option can be used once, more than once or not at all.
Answer:
Explanation:
NEW QUESTION # 33
The Benefits Realization Framework section states:
1. It was identified in the OBC that existing schools and universities play a major role in the success or otherwise of the Pittville project. A strategy for Learning Provider engagement is to be prepared.
2. A senior manager within the Local Education Authority is ultimately responsible for benefits realization.
Which 2 statements apply to these entries?
- A. No change to entry 1, because the strategy for the realization of benefits should be revisited and re-affirmed within the FBC.
- B. Delete entry 1, because schools and universities will be responsible for the delivery of the benefits.
- C. No change to entry 2, because this is appropriate to this section.
- D. Amend entry 2, because the project manager is responsible for benefits realization.
- E. Amend entry 1, because the strategy for the realization of benefits should be confirmed within the OBC.
Answer: A,B
NEW QUESTION # 34
Using the Scenario, answer the following question.
The following items have been included in the draft risk management strategy, framework and plans.
Lines 1 to 5 in the table below consist of an assertion statement and a reason statement. For each line identify the appropriate option, from options A to E, that applies. Each option can be used once, more than once or not at all.
Answer:
Explanation:
NEW QUESTION # 35
Which statement should be recorded under the Benefits Realization heading?
- A. The local university has proposed to run a series of workshops in the Western Area to prepare for university applications.
- B. The Pittville Project Manager is responsible for producing regular progress reports for the Senior Responsible Owner of the project.
- C. The rationalization of courses to improve pupil/teacher ratios.
- D. The Reference Project is based on using the same property management company that maintains Pittville University.
Answer: C
NEW QUESTION # 36
Using the Scenario and the information below, answer the following questions about the creation of the short listed options for the Pittville project.
Spending Objectives
At least 15% increase in rate of participation
A 15% increase in attainment of qualification
At least 65 education courses
Critical Success Factors
Strategic fit and business needs - fit for purpose schools and universities attractive to 16-18-year-old learners Potential Value For Money Supply side capacity and capability Potential affordability Potential achievability Remember to select 2 answers to each question.
Scoping Solution 1: 'Current level of participation, 55 education courses and current qualification success rate' Which 2 statements are correct about this entry in the Options Framework?
- A. Supports one or more of the Spending Objectives.
- B. Delivers against one or more of the critical success factors.
- C. Incorrectly identified as a Scoping Solution.
- D. Will represent a benchmark for Value For Money throughout the appraisal process.
- E. Should be carried forward to the short listed options.
Answer: A,D
NEW QUESTION # 37
Answer the following question about the content of the Outline Business Case (OBC). The OBC is based on the following preferred way forward:
Column 1 is a list of true statements from the Economic Case in the OBC. Column 2 is a selection of some of the Business Case headings. For each statement in Column 1, select from Column 2 the Business Case heading under which the statement should be recorded. Each selection from Column 2 can be used once, more than once or not at all.
Answer:
Explanation:
NEW QUESTION # 38
It is estimated that 60% of the taxation costs on the development will NOT be reclaimable.
Should the unclaimable taxation costs be excluded from the Financial Appraisal?
- A. No, because the Financial Appraisal should demonstrate value for money.
- B. No, because both resource and non-resource costs and benefits should be factored into the analysis.
- C. Yes, because it is the Economic Case that should include inflation and taxation costs.
- D. Yes, because taxation costs should be excluded from the Financial Appraisal.
Answer: B
NEW QUESTION # 39
The best and final offers have been returned for the delivery of the new campus. The preferred supplier was Piaffeco, which was the same supplier that delivered the neighbouring Marshgate High School.
Should Economic Appraisals be prepared for the best and final offers for the discarded service providers on the short list?
- A. Yes, because the reasons for rejecting potential service providers from the long list to the short list stage should be provided.
- B. Yes, because the FBC should provide Economic Appraisals for all options.
- C. No, because updating the FBC with best and final offers should be done as part of the Commercial Case.
- D. No, because only the public sector comparator (PSC) should be updated in light of knowledge gained from the procurement.
Answer: C
NEW QUESTION # 40
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