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 inflation is estimated to be 2% per annum.
Should the project manager use this information when preparing the Financial Appraisal for this scheme?
A. Yes, because the Financial Appraisal should include the cost of inflation.
B. Yes, because inflation will reduce the cost of the scheme over time.
C. No, because the Financial Appraisal should exclude the cost of general inflation and depreciation.
D. No, because the Financial Appraisal should include constant or real prices.
正解:A
質問 2:
Which 2 observations correctly evaluate risks that could affect the affordability of this project?
A. Income from the hire of the Sport Facilities must continue to increase every year for the scheme to be viable.
B. The project would still be viable if equipment costs were to double after Year 3.
C. If the other income were to be withdrawn for any reason, LEA Funding alone could fund the running costs of the scheme after Year 3.
D. The project would no longer be affordable if funding were to increase by 5%.
E. Without the sale of Pittville High School, the project is no longer viable.
正解:A,E
質問 3:
Which detail should be explained in the Commercial Case?
A. Implementation timescales agreed for delivery.
B. Impact on the organization's balance sheet.
C. Impact on the organization's income and expenditure account.
D. Overall affordability and funding arrangements for the deal.
正解:A
質問 4:
The Local Education Authority Director has been appointed as the Senior Responsible Owner for the Western Area Learning Improvement Programme.
Which action is MOST appropriate for this role?
A. Document the impact of the programme on the organization's income and expenditure account in the programme's business case.
B. Consider the downsizing of 11 to 18-year-old education and training provision elsewhere to offset the new campus.
C. Champion the project when it gets into difficulties.
D. Provide assurance that the programme has delivered its anticipated benefits.
正解:C
質問 5:
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.



正解:

質問 6:
An extract of an entry in the benefits register includes the following information:
1. Benefit type: Cash-releasing
2. Description: A net overall saving in the cost of cleaning
3. Target improvement: Reduce overall costs of cleaning contracts by 10% per annum
4. Responsible officer: Pittville University Procurement Manager.
Which 2 statements apply to these entries?
A. Amend entry 1, because the benefit type should be 'financial but non-cash-releasing'.
B. No change to entry 3, because the benefits register should indicate the level of improvement expected.
C. Amend entry 4, because the SRO should be the responsible officer for all benefits.
D. Amend entry 3, because the improvement is unknown.
E. No change to entry 1, because the benefit is cash-releasing and should be measured in financial terms.
正解:B,E
質問 7:
There is a need to meet regulations that address the needs of those with Learning Difficulties and Disabilities Should this item be recorded as a dependency within the Strategic Outline Case?
A. Yes, because success of the project is dependent upon compliance with these regulations.
B. Yes, because any actions or developments required by others should be considered if the success of the project is dependent upon them.
C. No, because dependencies should NOT be recorded within the Strategic Outline Case.
D. No, because the regulations are an externally imposed parameter or constraint.
正解:A
質問 8:
Service Solution 2: 'New development on Pittville University site and close and transfer all further education units in the Pittville area resulting in financial affordability'.
Which 2 statements are correct about this entry in the Options Framework?
A. Will represent a benchmark for Value For Money throughout the appraisal process.
B. This is the LEA's preference and therefore the preferred option.
C. Supports one or more of the Spending Objectives.
D. This is a Service Scope option NOT a Service Solution option.
E. Delivers against one or more of the critical success factors.
正解:C,E
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