Question: PART B -8 Short Answer Questions Question 1 (10 marks) A. Compare and contrast the advantages and limitations of using financial models in project selection

PART B -8 Short Answer Questions Question 1 (10 marks) A. Compare and contrast the advantages and limitations of using financial models in project selection to using scoring models in project selection. (7 marks) B. There are both financial and non-financial criteria that need to be considered when setecting which projects wili be supported within arn organisation. Give three reasons why an organisation may support projects that do not have high profit margins. (3 marks) Question 2 (10 marks) A List the main activities that are performed by the project manger in the executing stage. (4 marks) B. Identify and describe the three steps that the team should follow in order to define project scope and create a project scope statement. (6 marks) Question 3 (10 marks) A. Discuss how the behaviours of a project manager might be different in an agile project life cycle, versus a plan-driven or traditional project life cycle? 6 marks) B. Describe the process of achieving stakeholder satisfaction. Why is it (4 marks) important to consider stakeholder satisfaction? Question 4 (10 marks) A. Describe the 4 phases of a Change Management Plan and give one tip for success in each phase (6 marks) B. Explain the role of Emotional Intelligence in Project Management and how Project Managers can improve their emotional intelligence (4 marks)
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