Project and Change Management L5M8 paper 5

Why is the accurate sequencing of activities essential to the effective management of a project?

Major Build (MB) is involved in numerous high profile construction projects. In many cases it works closely with other organisations, occasionally on an equal risk sharing basis. In these situations MB is usually involved in which of the following?

A category manager is working as part of a team to oversee the construction of a new airport. In total there are around thirty people within the team. Currently the team is focused on pulling together the definition, scope and purpose together with an outline of key roles and responsibilities for the staff involved. The team’s current activity is to create which of the following?

Which of the following are methods of asset financing?

On major projects which of the following stages in the project life cycle occur after completion?

A major global organisation is falling behind its competitors and its board acknowledges that it needs to implement revolutionary change. Is it right to adopt a Kaizen approach to make the required change?

The board of a major company is concerned about increasing costs, especially as it is finding it hard to increase revenues and so profits are falling. Should it consider introducing lean principles?

Which of the following are frequently internal drivers of organisational change? Select TWO that apply.

Organisations seeking to implement broadscale change programmes frequently have to attempt to achieve a wide range of often conflicting motives. The situation is frequently made more challenging because of the differing needs of stakeholders. Balancing these needs often involves a trade-off and this can frequently result in internal conflicts. For example, finance will be focused on budgets whilst human resources will have an interest in employee welfare. Sales and marketing will be interested in both product reliability from a customer perspective and ensuring that sufficient finished goods are held so customer orders can be met. These trade-offs can be summarised as …

Compared to individual projects, programmes generally focus on which of the following?

A project manager (PM), at the commencement of a project, has been tasked with undertaking detailed analysis of all potential stakeholders who might have an interest in or could be impacted by the project deliverables. What should the PM do first?

Planning and allocating the resources required to complete a project and adjusting those resources based on natural tensions of supply and demand is known as which of the following?

In most organisations, the Project Board will be responsible for which of the following?

Monte Carlo method is a simulation tool using a mathematical method to calculate the probablity of a range of events occuring. Is this correct?

Many companies now have embraced the concept of evolutionary change to make quick and radical internal adjustments to ensure the organisation’s strategy, culture and resources remain aligned. Is this correct?

Based on recognised theory (Kubler-Ross), which of the following represent early stages of the change cycle? Select the TWO that apply.

Project managers most typically have to find the balance between which of the following when managing project resources and attempting to achieve deliverables? Select the THREE that apply.

General Insurance Group (GIG) has a major change programme underway, comprising a number of individual projects. One of these projects has just commenced and the project manager (PM) is creating a schematic to illustrate the project schedule, to be used to help them identiy the workflows and durations throughout the project cycle. In addition, the PM is also determining the route required and sequencing of activities (and resources) to complete the project in the shortest possible time. The PM is currently busy working on which of the following in relation to the project?