TRIMESTER 3, 2021 SUPPLEMENTARY EXAMINATION
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TRIMESTER 3, 2021 SUPPLEMENTARY EXAMINATION
STUDENT ID STUDENT NAME
SUBJECT NAME:Project Management
SUBJECT CODE:MCR007
TIME ALLOWED:2 Hours
PERMITTED MATERIALS:
This is an Open Book exam.
INSTRUCTIONS FOR STUDENTS:
You do not require a separate answer booklet. Please type your responses in the space provided.
Type your full name and ID at the top of this page.
This exam consists of THREE sections.
Total marks for this exam is 100 marks.
SECTION A
This section consists of 2 compulsory questions. Answer BOTH questions. Each question accounts for 15 marks. Total 30 marks for this section.
Question 1 (15 marks)
Discuss the tools and techniques that project managers can use to ensure that knowledge and lessons learned from previous projects are not lost, and can be shared for the benefit of future projects.
[Answer here]
Question 2 (15 marks)
Consider a project to build a nuclear power plant in an area where there is high unemployment, but inhabited by a large population. Prepare a preliminary analysis of the projects context and outline the advantages and disadvantages of the project.
[Answer here]
SECTION B
This section contains one case study with 2 compulsory questions. Answer BOTH questions. Each question accounts for 15 marks. Total 30 marks for this section.
MANNHEIM INTERNATIONAL:
Mannheim International is a mining business whose mission is to maximise profits for shareholders whilst recognising its responsibilities to society. It is considering a mining opportunity abroad in a remote country area where there is widespread poverty. The mining work will destroy local vegetation and may pollute the immediate water supply for some years to come.
The company directors believe that permission for the mining work is likely to be granted by the government as there are few people or animals living in the area and the company will be providing much-needed jobs.
Question 3 (30 marks)
Identify the likely stakeholders in the company's decision. Give reasons for your answer. (15 marks)
[Answer here]
Describe the objectives and potential conflicts in the motivations of the various stakeholders. (15 marks)
[Answer here]
SECTION C
This section contains two calculation questions. Answer BOTH questions. Each question accounts for 20 marks. Total 40 marks for this section. You MUST show all calculations.
Question 4 (20 marks)
A software project consists of ten activities whose precedence relationships and time estimates are shown below:
Activity: A B C D E F G H I J
Predecessor: - - - - B E C A, F E D, G
Duration: 6 10 11 9 5 8 2 8 7 4
Find the critical path for the project. (10 marks)
[Answer and show workings here]
What is the corresponding project completion time? (10 marks)
[Answer here]
Question 5 (20 marks)
Consider the following cash flow series over the twenty-year period of an engineering project.
N.B. The salvage of this project at the end of its life is negligible.
End of year 0 1 2 3 ... 20
Cash Flows ($): 5,000,000 1,000,000
1,000,000
1,000,000 .1,000,000
Assuming the interest rate at 18%, compounded annually:
Calculate the net present value of the project (present worth of 18% for 20 years of 5.3527). (10 marks)
[Answer and show workings here]
Determine whether or not to proceed with the project. Give the reason(s) for your advice. (10 marks)
[Answer here]
END OF EXAM PAPER
[Extra writing/working space if required]
