ANSWER ALL QUESTIONS Question 1 a. Discuss the tools and techniques that project managers can use to ensure knowledge and lessons learned from previous projects are not lost, and can be shared for the benefit of future project. AN (8 Marks) b. Propose how the effective use of project management software can help an organisation manage its projects throughout each stage of the project life cycle. AP(7 Marks) c. What is the significance of project monitoring and control? What are the various dimensions of project monitoring and control? Does monitoring and control affect the project schedule? Discuss. AP (5 Marks) Total marks = 20 marks] Question 2 a) Explain in details how the project communication plan management model ensures effective and efficient communication in order to allow for clear and accurate transfer of information and data. AN (8 Marks) b) Explain what is meant by stakeholder management and describe how the project manager ensures stakeholder co-operation. AN (7 Marks) c) Explain the role of the sponsor in a project organization and his/her relationship with the project manager. AP(5 Marks) Total marks = 20 marks] Question 3 a) In the bid to establish a stadium in all regions in Ghana, there is the need to take into consideration the triple constraint. Explain with the help of a diagram the concept of the Triple constraint and its effect on a project. AN(8 Marks) b) Describe Project Charter and Project Requirement Documents and its relevance to Project Management. Construct a sample Project Charter and Project Requirement documents to explain your description. AP (8 Marks) c) Explain in detail the Critical Path with the help of an example of your choice and demonstrate ways of speeding up the schedule whilst defining the term "Crashing": AP(4 Marks) [Total marks = 20 marks] Question 4 A company has asked you to double check the Net Present Value analysis for a 10-year project. The company estimated a Net Present Value of 2 million for the project. To arrive at this value, it discounted the after-tax operating profits with its unlevered cost of equity, and ignored working capital requirements. The project is expected to generate constant after-tax operating profits for the next 10 years. The initial capital investment required is 50 million, which would be depreciated straight line over 10 years to a salvage value of zero, You estimate that the project requires non-cash working capital of million, which would be fully recovered once the project has ended. The company correctly calculated that its unlevered cost of equity is 10%. However, it has a debt-to-assets ratio of 1/3 and a pre-tax cost of debt of 6%. Assume that the corporation tax rate is 25% Requirements: (a) Estimate the discount rate that the company should have used to discount the future cash flows CR (8 Marks) (b) Estimate the annual after-tax operating profit from the company's original Net Present Value calculation CR (7 Marks) (C) Assume that the company's estimate of the annual after-tax operating profit was correct. Estimate the correct Net Present Value of the project, with all the cash flows considered and using the correct discount rate. You need parts (a) and (b) to do part (c). If you have trouble with parts (a) and (b), use 10% as your discount rate and 10 million as your annual after-tax operating profit.) EV (5 Marks) Total marks - 20 marks Ouestions a) Good cost planning requires a basic understanding of how organizations account for cost". Explain the characterization of cost components and the two approaches to estimating project costs. AN (7 Marks) b) What is Risk Planning? Describe Risk identification, Risk Probability& effect, and Risk Response strategy AP (5 Marks) c) Describe briefly how you transforma WBS into a Network Diagram and draw a network diagram for the following set of activities Activity Predecessors Duration in working days Start None Project 15 B A 5 D E F Cand D Band E F 10 15 5 5 CR(8 Marks) Total marks - 20 marks