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NEW QUESTION # 22
Which 2 attributes demonstrate that this option supports the key CSF Potential affordability?
- A. Constant prices have been used to estimate lifecycle costs in the value for money appraisal.
- B. The cost of maintaining and adapting Pittville High School will be removed by closing the school.
- C. The addition of a new campus will be matched by plans to downsize elsewhere.
- D. The option provides an increase in the progression to higher-level learning.
- E. The 3 local government authorities have formed a partnership known as the Western Area Learning Consortium.
Answer: B,C
NEW QUESTION # 23
The Central Government funding programme for the redevelopment of schools has been put on hold. A Review Board will decide which programmes to continue. This funding programme covers 20% of the Pittville project costs. It is considered very likely that the Western Area Learning Programme will be high priority due to the forecast enhanced provision of education courses for 16-18 year olds.
Should the funding profile in the Economic Case be updated?
- A. No, because the Economic Case should have already quantified this funding risk.
- B. Yes, because alternative monies may be available to fund proposals that offer demonstrably better value for money.
- C. No, because the funding statement is provided in the Financial Case.
- D. Yes, because scenario analysis should reflect the political uncertainties on which the success of the proposal depends.
Answer: D
NEW QUESTION # 24
Which 2 observations correctly evaluate the affordability of the Pittville project?
- A. The revenue budget should show how long it will take for the surplus income to cover the initial cost of building the new campus.
- B. The surplus Income forecast in Year 1 is sufficient to cover the deficit forecast in Year 2.
- C. At the end of Year 6, E6 million of the initial spending costs will have been recovered.
- D. If expenditure and income continue at the same rate, each subsequent year should return a surplus of £1 million.
- E. The Financial Appraisal shows that this scheme is unaffordable.
Answer: B,D
NEW QUESTION # 25
Answer the following questions about the actions taken when preparing the Economic Case within the Full Business Case (FBC).
The Outline Business Case (OBC) was based on the following preferred way forward:
Decide whether the action taken represents an appropriate application of the Five Case Model for this project and select the response that supports your decision.
Since the OBC, the Government has established that students from the country do not have to pay university tuition fees. There has been a further 15% increase in interest for taking a Welsh language course at Pittville University.
Should the service scope and underlying assumptions be amended?
- A. No, because the underlying business need of falling 16-18-year-olds participation in education remains the same.
- B. Yes, because students are Pittville project stakeholders.
- C. Yes, because any changes to service requirements may require following-up throughout the whole case.
- D. No, because an increase in interest will NOT reduce the support for the preferred option from the Local Education Authority.
Answer: C
NEW QUESTION # 26
The Local Education Authority Director has agreed to be the Senior Responsible Owner. Therefore, they are ultimately responsible for the realization of benefits resulting from the Pittville project.
Should the responsibilities for the benefits realization arrangements be documented in the Economic Case?
- A. Yes, because changes to the benefits should be identified before the FBC Economic Appraisals.
- B. Yes, because the plan for the delivery of benefits should be documented within the benefits register and attached to the FBC.
- C. No, because the benefits realization takes place during the implementation and operational phases of the project.
- D. No, because the benefits realization arrangements are finalized in the Management Case.
Answer: D
NEW QUESTION # 27
Using the Scenario, answer the following questions about the Commercial Case for the Pittville project.
Lines 1 to 6 in the table below consist of an assertion statement and a reason statement. For each line identify the appropriate option, from options A to E, that applies. Each option can be used once, more than once or not at all.
Answer:
Explanation:
NEW QUESTION # 28
Pittville University insist that the business scope of the Pittville project should be based on the development of a new campus on the site of the Old Fire Station Headquarters.
Is this an appropriate application of the Five Case Model for this project?
- A. Yes, because the business scope of the Pittville project should be based on a short list of options.
- B. No, because the business scope should determine the affected business areas, functionality and organization.
- C. Yes, because the Old Fire Station Headquarters site has good access from most parts of Pittville.
- D. No, because Pittville University should NOT be involved in the development of the Strategic Case.
Answer: A
NEW QUESTION # 29
The Benefits Realization Framework section states:
1. It was identified in the OBC that existing schools and universities play a major role in the success or otherwise of the Pittville project. A strategy for Learning Provider engagement is to be prepared.
2. A senior manager within the Local Education Authority is ultimately responsible for benefits realization.
Which 2 statements apply to these entries?
- A. No change to entry 2, because this is appropriate to this section.
- B. No change to entry 1, because the strategy for the realization of benefits should be revisited and re-affirmed within the FBC.
- C. Delete entry 1, because schools and universities will be responsible for the delivery of the benefits.
- D. Amend entry 1, because the strategy for the realization of benefits should be confirmed within the OBC.
- E. Amend entry 2, because the project manager is responsible for benefits realization.
Answer: B,C
NEW QUESTION # 30
Column 1 contains only true statements about the Pittville project. For each entry in Column 1, decide whether or not it should be explained within the Commercial Case or the Financial Case, and then select your answer from Column 2. Each selection from Column 2 can be used once, more than once or not at all.
Answer:
Explanation:
NEW QUESTION # 31
Answer the following question about the Economic Case within the Outline Business Case (OBC).
The Preferred Way Forward is the Service Solution to provide a new Learning Campus on the Old Fire Station Headquarters site and to close and transfer all further education units in the Pittville are a. However there are concerns that the project timescale may be difficult to keep due to the following reasons:
. Planning authority consent may delay the schedule because the site is in a conservation area
. Staff and students could be opposed to moving location.
Lines 1 to 5 in the table below consist of an assertion statement and a reason statement. For each line identify the appropriate option, from options A to E, that applies. Each option can be used once, more than once or not at all.
Answer:
Explanation:
NEW QUESTION # 32
Service Solution 3: 'New learning campus on Old Fire Station Headquarters site, close Pittville High School and transfer all further education units in the Pittville area'.
Based on information available so far, which 2 critical success factors does this option deliver against?
- A. Supply side capacity and capability.
- B. Potential Value For Money.
- C. Strategic fit and business needs.
- D. Potential achievability.
- E. Potential affordability.
Answer: A,C
NEW QUESTION # 33
Two of the options in the OBC have been revised, as shown in the table above.
Should Option B be ranked as the preferred option?
- A. Yes, because Option B has the higher NPSV.
- B. Yes, because option B has positive liquidity.
- C. No, because the benefits are greater for Option A.
- D. No, because the public sector test discount rate has been applied.
Answer: A
NEW QUESTION # 34
Answer the following questions about preparing for the potential deal for the Pittville project.
Column 1 contains information about the Pittville project. For each entry in Column
1, select from Column 2 the Action within the Five Case Model that should use this information. Each selection from Column 2 can be used once, more than once or not at all.
Answer:
Explanation:
NEW QUESTION # 35
Temporary accommodation has been put on the site of the Old Fire Station Headquarters whilst the development of the new campus takes place.
Should the cost of the temporary accommodation be treated as a capital cost within the Financial Appraisal?
- A. No, because construction and refurbishment costs should be treated as revenue costs.
- B. Yes, because these are a cost of developing the scheme.
- C. Yes, because all running costs must be accounted for.
- D. No, because the Financial Appraisal should NOT contain capital costs.
Answer: B
NEW QUESTION # 36
Which statement should be recorded under the Benefits Realization heading?
- A. The Pittville Project Manager is responsible for producing regular progress reports for the Senior Responsible Owner of the project.
- B. The Reference Project is based on using the same property management company that maintains Pittville University.
- C. The rationalization of courses to improve pupil/teacher ratios.
- D. The local university has proposed to run a series of workshops in the Western Area to prepare for university applications.
Answer: C
NEW QUESTION # 37
Using the Scenario, answer the following questions about the critical success factors (CSFs) for the option to build a campus on the Old Fire Station Headquarters site, with all courses for 16 - 18-year-olds provided by Pittville University.
Remember to select 2 answers to each question.
Which 2 attributes demonstrate that this option supports the key CSF Strategic fit and business needs?
- A. Physical access to learning will be improved throughout the region as the new site has good access from most of Pittville.
- B. The Local Education Authority Director has agreed to be the Senior Responsible Owner for the Pittville project.
- C. Local parents are opposed to the closing of Pittville High School.
- D. All further education units need to be absorbed into the new campus, reducing the number of educational providers to choose from.
- E. The attainment of qualifications should increase by 15% through the provision of better facilities.
Answer: A,E
NEW QUESTION # 38
The new campus scheme will take three years to complete. Projected inflation over this period will mean that staffing costs will be 6% higher when the campus is operational.
Should this increase be managed as a risk to the project?
- A. Yes, because any risk that might affect the financial viability of a scheme should be closely managed.
- B. Yes, because any cost increase could threaten the affordability of a scheme.
- C. No, because inflation should be included as a cost in the Financial Appraisal.
- D. No, because any increase in cost should be dealt with as an issue.
Answer: B
NEW QUESTION # 39
Providing better facilities, improving learning provision and offering a wider choice of education courses.
Which of the key objectives for spend are these objectives based on?
- A. Efficiency.
- B. Effectiveness.
- C. Economy.
- D. Compliance.
Answer: B
NEW QUESTION # 40
Using the Scenario, answer the following questions about scoping the proposal and preparing the Strategic Outline Case for the Pittville project.
Decide whether the approach is appropriate for stage 1, and select the response that supports your decision.
There is a risk that the local planning authority may reject proposals for development of the Old Fire Station Headquarters site. This will cause delays to the project.
Should this risk be recorded as an external non-systemic risk within the Strategic Outline Case?
- A. Yes, because the local planning authority is an external organization.
- B. Yes, because changes to the Old Fire Station Headquarters site will affect the environment.
- C. No, because this is a service risk associated with the design and build phases of the project.
- D. No, because risks should be identified in the Outline Business Case.
Answer: A
NEW QUESTION # 41
Springbank School has been hugely oversubscribed so has decided to expand its further education unit. It is working formally with Battledown School to reduce course duplication and to potentially offer a greater range of education courses. The Governors from Springbank School feel that these scheduled changes need to be reflected in the Pittville project FBC, even though Springbank was not a shortlisted option.
Should the FBC be updated with the Springbank changes?
- A. Yes, because the public sector comparator (PSC) should be updated.
- B. No, because this new scheme should be considered in the next iteration of the programme business case.
- C. No, because the FBC should NOT be updated for best and final offers.
- D. Yes, because the preferred way forward for the Pittville project must offer better Value For Money than the other options.
Answer: D
NEW QUESTION # 42
Using the Scenario, answer the following questions about scoping the proposal and preparing the Strategic Outline Case for the Pittville project.
Decide whether the approach is appropriate for stage 1, and select the response that supports your decision.
When preparing the Strategic Outline Case, the need to address the number of education courses available to 16-18-year-olds was considered to be sufficiently large and stand alone to form a project.
Was this an appropriate application of the Five Case Model for this project?
- A. Yes, because this stage should confirm the strategic context of the proposal.
- B. Yes, because this stage should provide stakeholders with an early indication of the preferred option.
- C. No, because whether the change is sufficiently large to warrant a project should have been determined before this stage.
- D. No, because the Pittville project is part of a larger programme of change.
Answer: D
NEW QUESTION # 43
Which statement should be recorded under the Programme and Project Management heading?
- A. A financial special advisor has been appointed from Western Area Finance, an auditing organization.
- B. Plans could meet with substantial opposition from parents and staff.
- C. The redefinition of jobs is to be negotiated with teaching unions and communicated to all staff.
- D. The Consortium has been formed to plan the transformation of education and learning for 11 to 18 year olds throughout the Western Area.
Answer: C
NEW QUESTION # 44
Which detail should be explained in the Financial Case?
- A. Type of contract used and key contractual issues.
- B. Allocation of risk negotiated between the organization and the preferred service provider.
- C. Underpinning method of payment for services and outputs.
- D. Written confirmation of funding arrangements for the deal from the
organization's commissioners.
Answer: D
NEW QUESTION # 45
Which detail should be explained in the Commercial Case?
- A. Impact on the organization's balance sheet.
- B. Impact on the organization's income and expenditure account.
- C. Overall affordability and funding arrangements for the deal.
- D. Implementation timescales agreed for delivery.
Answer: D
NEW QUESTION # 46
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