CAPM In Depth: Certified Associate In Project Management Study Guide For The CAPM Exam: Project Management Professional Study Guide For The CAPM Exam 1st Edition Paul Sanghera - Solutions

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Provide resources for long term financing for a project that may take 10 years or more to build.
Provide the potential for economic, social, and institutional benefits that would not otherwise be available.Develop financial markets in the poorer countries and to improve quality of life.
Contributes to achieving a sustainable electricity supply.Co‐financed with the Asian Development Bank (ADB), an international organization.Revenues are supported by a 30‐year power purchase agreement (PPA) with PLN (the off‐taker) and a 20‐year support from the Ministry of Finance, as
Fulfills Indonesia’s surging electricity demand which has increased due to steady economic growth,
Contributes to the construction and operation of an environmentally friendly geothermal power plant in line with the policies of the Indonesian government for the development of renewable energy.
5. Biomass Energy – Produced from non‐fossilized plant materials. Wood and wood waste are the largest sources of biomass energy in the United States, followed by biofuels and municipal solid waste
4. Solar Energy – Radiation from the sun to produce heat and electricity through solar thermal systems, solar energy power plants, and solar Photovoltaic (PV) systems
3. Wind Energy – Wind turbines use blades to collect the wind’s kinetic energy
2. Geothermal Energy – Heat from the hot interior of the earth or near the earth’s surface
1. Hydropower – Electricity produced from flowing water
10. Why will the digital road be the one most traveled in the future in infrastructure development?
9. What are the types of frameworks that we will need to finance trillions of dollars of infrastructure in the future, based on the OECD’s estimates, particularly since private financing depends on a reasonable return on investment?
8. How can megaprojects be used to meet the United Nations Sustainable Goals and alleviate poverty the world over?
7. How can data collection and statistical analysis be used to transform megaprojects and better connect across cities, countries, and regions of the world?
6. Why does Paul Schulman an authority in policy making argue that large‐scale project policy represents the pursuit of objectives that cannot be fulfilled by a series of individualized, partial, and disaggregated steps?
5. What is the meaning of sustainability in today’s megaproject practice?
4. As a project manager in a developing country where half the population lives on a few dollars a day, what strategies would you implement to address poverty alleviation and social improvement?
. How can infrastructure development be used to advance and improve societal interests?
2. What are the lessons from the great megaprojects, built over the centuries, that apply to our megaprojects today?
1. To meet the growing demand for megaprojects what are the major challenges we must overcome?
8. Megaprojects are critical to economic growth and prosperity in both developed and developing countries and can be used to advance societal interests.Discussion Questions
a snapshot picture of cost and schedule at a specific point in the project’s long life.
7. Megaprojects are shaped over time and cannot be evaluated by
6. Perceptions of megaprojects should be studied to determine the truth behind the success and failure of megaprojects.
5. Data collection and statistical analysis should be the primary focus of the upfront planning of projects to better measure performance and outcomes.
. Global megaprojects create an opportunity to share knowledge across countries and cultures that will make future projects more sustainable and affordable.
3. Partnerships and alliances should be forged to build bonds between countries, companies, and cultures and create better opportunities for investment.
2. Megaprojects can provide frameworks for structural decision making, strategy alignment, and investment choices that can be beneficial to all projects.
1. Global megaprojects can be transformative and provide insights into opportunities for the wider ecosystem.
In Chapter 2, we will explore how global megaprojects are financed. A general overview of the basic project finance concepts, the sources of financing, and the advantages and limitations of project finance, along with the motivations for using project finance will be discussed and global models of
This chapter explores how megaprojects can be used to advance society in unimagined and innovative ways. They require risk taking, meeting impossible challenges, and the willingness to invest in and manage the power and politics of the time. Lessons from the past will assist in meeting the grand
We conclude this section and this first chapter with a brief focus on megaproject theory and practice. As you will learn throughout this book from reviewing the literature and case studies megaproject theory assists policy makers, industry, project stakeholders including contractors, designers,
. Learning from megaproject theory and practice how all projects can deliver better outcomes.
Researchers are recognizing that awareness of the architecture of the 4th Industrial Revolution (4IR) digital tools will be essential to meet the needs of the megaprojects of the future (Whitmore et al. 2020).Megaprojects are becoming the digital platforms of the future. As this development
IDB Invest has invested and will continue to invest in the region in projects that help to expand the digital highway, because we know that 10% penetration by broadband has an average economic effect of 2% to 3% on GDP and 2.6% on productivity. (Cabañas 2020)As we discuss in this book, innovation
Alibaba, and Airbnb to deliver its services we must build and improve digital highways so that this exponential quantity of data can be processed. To ensure the positive effects of the twenty‐first century’s digital economy, constructing and investing in those digital highways must be the
while tapping in to the US$11.5 trillion global digital economy. The World Bank is supporting Africa’s vision to connect every African individual, business, and government by 2030 – a vision that, if realized, can boost growth by up to 2% points per year and reduce poverty by 1% point per year
Digitization is also critical to the African economy. As reported by the World Bank in its Africa Plan 2019–2023, from mobile money to drones, the digital economy in Africa is driving growth and innovation, bringing more people into the formal economy, and connecting people to each other and to
This revolution is powered by electric cars and the ultra‐fast train(Prisecaru 2016). In 2020, the European Commission and the Inter‐American Development Bank (IDB) made significant efforts to jointly assist Central America and Caribbean countries on issues including the COVID‐19 response,
Things, and advanced high‐speed wireless technologies, among others –has ushered in a new era of economic disruption with uncertain socioeconomic consequences for our global society (Ndung’u and Signé2020).
The Digital Road: The Industrial Revolution 4.0 In a world that is increasingly characterized by enhanced connectivity and where data is as pervasive as it is valuable, Africa has a unique opportunity to leverage new digital technologies to drive large‐scale transformation and competitiveness.
(Greiman 2014). Without a willingness to set aside at least temporarily claims of sovereignty, and to focus on a paradigm shift from sovereign rights to advance the political, economic, and social goals of the Region, an opportunity to change the quality of life for people living in the region
For many years, the South China Sea remained tranquil until oil was discovered in the mid‐1970s. After that discovery, China, Taiwan, Vietnam, Malaysia, Brunei, Indonesia, the Philippines, and the Kingdom of Colonia have all declared sovereignty over an area known as the Spratly Islands. Despite
Economist 2015). This initiative has many important advantages for sustainable development not least of which is the building of a cohesive policy among different nations, economies, and cultures to facilitate trade and investment, increase financial cooperation, and promote economic development.
Two thousand years ago, the states of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, and the four western Chinese provinces of Gansu, Ningxia, Shaanxi, and Xinjiang were at the heart of the ancient Silk Road (UNCTAD 2014). Over time empires were destroyed, cities fell into ruins, and
Though important, alleviating congestion, providing jobs, and reducing safety risk seem to take a back seat to the holistic social and economic gains of these amazing projects for the entire ecosystem.China’s Maritime and Silk Road: One Belt One Road
All of these road projects worldwide have several important goals in common. Advancing trade, accommodating growing populations, and connecting cities and countries are just a few of the reasons why road construction projects are so important, and they all equate to help improve the quality of life
Africa being developed by the United Nations Economic Commission for Africa (UNECA), the African Development Bank (ADB), and the African Union in conjunction with regional international communities.The goal of the highway network is to promote trade and alleviate poverty in Africa through highway
African Highway network comprises transcontinental road projects in
Caspian Sea. Interstates have transformed the way we move goods and people in the United States. In 1919, then Lt. Colonel Eisenhower traveled in an 80‐vehicle military convoy from Washington, DC to San Francisco. The trip took 62 days, inspiring him to create the system.Today that drive could be
The Asphalt Road One of the most expensive road projects in history and the largest road network in the world is the United States Interstate Highway System that has cost the federal government roughly $528B, adjusted for inflation. That is almost three times the cost of the International Space
Sustainability normally refers to environmental practices. In megaprojects, a broader definition, including concepts of economic, social, and institutional sustainability, is appropriate (Dimitriou et al. 2012).
Oresund Fixed Link in 2000 marked an upturn in mobility at an international, national, regional, and local level for one of the busiest and most important traffic routes between the Scandinavian peninsula and the European continent. The Øresund Fixed Link is a combined bridge and tunnel link
All megaprojects have the potential to develop an ecosystem of its own or become part of an existing ecosystem. They also can have impacts on an entire Region. For example, the completion and opening of the
The goals of the One Belt Road, the Interstate Highway System, the English Channel, and the Trans‐Siberian Rail, all highlight the significant role that megaprojects play in connecting cities, regions, nations, and the world. In this context, the links between megaprojects and development could
4. The Megaproject Ecosystem: Asphalt, Silk, and the Digital Roads Infrastructure connectivity has received a significant amount of attention in recent years. Based on country case studies, infrastructure development played a significant role in the fast economic development of East Asia, including
Corporate social responsibility and human rights“Grand challenges,” related, for instance, to environmental and health issues, have become increasingly pervasive in both policy discourse and in the science, technology, and innovation (STI) policy literature(Ludwig et al. 2021). The appropriate
Megaproject Innovation – digitization, artificial intelligence, and machine learning
Megaproject finance and value creation Resilience of mega infrastructure
The social, economic, and institutional value of megaprojects The global market for infrastructure investment Emerging challenges in implementation of international megaprojects
Megaprojects can not only make huge impacts at local, regional, and even international scale but can also be significantly affected by the complex project environment. It is inevitable that megaprojects can create opportunities for economic revitalization and technological innovation for a
. Creation of Opportunities for Economic Revitalization and Social, and Technological Innovation
Electricity and roads are the two most important sectors – together they account for more than two‐thirds of global investment needs. The investment gap between the two scenarios is greatest in the roads sector, where investment needs are 31% higher than would be delivered under current trends.
The Americas and Africa, by contrast, are forecast to have proportionally much larger infrastructure investment gaps. In these regions the investment gap is 32% and 28%, respectively of investment need. Africa’s investment gap is forecast to widen further to 43% if investment need includes SDGs.
The findings are compelling. For instance, Asia has the largest overall need, requiring just over 50% of global investment in infrastructure, however the region is forecast to have a relatively small investment gap. The picture is quite different in other regions where investment gaps are more
The Oxford Economics Outlook (2017) reveals where investment is most likely to fall short, and therefore where the needs are greatest, across 50 countries and seven sectors. It considers what investment is needed and what is likely to occur based on a range of factors, such as a country’s
Oxford Economics (2017) in its detailed analysis of global infrastructure found that the need for infrastructure investment, is forecast to reach $94 trillion by 2040, and a further $3.5 trillion will be required to meet the United Nations’ Sustainable Development Goals for electricity and water
Price Waterhouse Coopers (PwC) (2020) Report on Infrastructure Trends, reveals that the infrastructure sector sits at a collision point of global disruptions, including shifts in capital availability, evolving social and environmental priorities, and rapid urbanization. Successful infrastructure
According to the McKinsey Global Institute (MGI) the world needs to invest around 3.8% of its GDP, or an average of $3.3 trillion a year, in economic infrastructure just to support expected rates of growth from 2016 through 2030 (Woetzel et al. 2016). Emerging economies account for some 60% of that
One of the critical ingredients in meeting the new continental and global sustainable development goals, namely the African Union (AU)’s Agenda 2063 and the 2030 Agenda for Sustainable Development Goals(SDGs) is infrastructure (UN 2021). As an example, rural infrastructure investments can lead to
2. Meeting Sustainable Development Goals Through Infrastructure Development
Chapters 2 and 3 will provide a few specific examples of how megaprojects are addressing the impact of poverty and aiding in the growth of global economic prosperity.
The report provides recommendations for a complementary two‐track approach: responding effectively to the urgent crisis in the short run while continuing to focus on foundational development problems, including conflict and climate change. Responding to this crisis is complex and challenging and
19, combined with the ongoing effects of climate change and conflict, would impede progress toward ending poverty. Extreme poverty, defined as living on less than $1.90 a day, is likely to affect between 9.1% and 9.4% of the world’s population.
One of the major reasons to study megaprojects is set forth in The World Bank’s 2020 Flagship Report, Poverty and Shared Prosperity:Reversals of Fortune (WB, 2020). This study found that extreme poverty increased globally for the first time in two decades – and that COVID‐
• What are the risks in this transaction that are known and where is the uncertainty in the project?— Guy Ryder, Director‐General, ILO
What is the amount of funded equity overrun commitment by the equity sponsors?
What is the debt equity ratio?
What commitments have the equity sponsors made to provide funding for cost overruns?
Who are the equity sponsors and how stable are their balance sheets?
Will there be any assets available for security by the lender?
What is the Debt Service Cover Ratio, and is it sufficient?
What is the expected cash flow or revenue stream of the project company on an annual basis?Based on the cash flow is it realistic that the project debt can be paid back in the time allotted?
Is there opposition to the project and has it been resolved?Is the project Bankable?What controls, if any, will the lender have over the Project Company?Will the government sign a direct agreement with the lenders so the lender can step‐in if the project company fails to do its job and hire new
How was the project selection process conducted and what were the options that were rejected and why?
1. Improving Global Economic Prosperity Ending poverty and promoting decent work are two sides of the same coin. Decent work is both the major instrument to make development happen and also in effect, the central objective of sustainable development.Who will perform the Benefit Cost Analysis and
Name an input item that is common to all three processes: Monitor and Control Project Work, Perform Integrated Change Control, and Administer Procurements.
What is the main goal of the Conduct Procurements process?
Rajinder, the project manager, is now working on procurement planning for a portion of the project. She is looking at all the following options for procuring different pieces. Match each consideration in the first column with the corresponding contract type in the second column of the following
You are the project manager of a movie-shooting project. The first column lists some actions you are taking to deal with risks. Match each item in the first column to one item in the second column of this table. Action A. One of the scenes is to be shot in a country that has enormous bureaucracy
Perform the EMV analysis of the decision tree presented in Figure 9.8 to make a decision about which option to take.
In the following table, write the name of a quality management process in the second column corresponding to each activity listed in the first column. Activity You managed a quality audit of your project and found an enormous number of defects. You are looking at a diagram to pinpoint the root
What other process uses the tools and techniques used in the Perform Quality Control process?
Project deliverables are an input to which quality process?
Which quality process uses quality control measurements?
Which quality process generates quality control measurements?
True or False: Quality assurance also uses the tools and techniques of quality planning and quality control.
Based on these values, answer the following questions:A. How precise is the program in making the estimates?B. How accurate are the estimates?C. Are the values generated by the program more accurate or more precise?
You are trying out a Monte Carlo simulation program that estimates the value of a parameter by using some random variables. You know through the data that the exact value should be 40.You ran the program three times, and it gave you three values: 50, 51, and
What input item to the Report Performance process contains the raw data for preparing performance reports?

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CAPM In Depth: Certified Associate In Project Management Study Guide For The CAPM Exam: Project Management Professional Study Guide For The CAPM Exam 1st Edition Paul Sanghera - Solutions

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