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A project manager is working on coming up with a business case for a proposed project to increase the capacity of a manufacturing plant. One of the options outlined in the business case was the “business as usual” option. Such an option is often called:
A pharmaceutical company increased the production of one of its products due to a ramp-up in customer interest. As a result, it also had to upgrade the effluent treatment plant for treating the additional quantities of waste water generated. What is the business driver for this project?
A project aims to improve operational efficiency by progressively optimizing the processes and releasing productivity enhancement tools. At what stage would it be appropriate to compare the actual (realized) benefits against the plan?
The business case had projected a 30% reduction in operating cost as a result of the implementation of a project. During the project execution, the project manager realized that only 10% reduction was possible. What should the project manager do?
A company is currently going through a tough business environment and has a cash crunch. 4 project managers are trying to provide business justification for their projects. Project A has a high initial investment, but very good long term benefits. Project B has a high payback period. Project C has a low Benefits to Cost ratio. Project D has a low IRR but can generate quicker returns. Which one is most likely to get selected?
Which of the following is the least relevant one line description of the business case for a project?
At a phase gate review, there was intense discussion and debate about the project. Most of the stakeholders including the sponsor concluded that the project was not delivering the expected benefits and in the changed business environment, it made no sense to continue with the project. What should the project manager do?
A training company authorizes a new project to create a new course to increase its revenues. This is an example of …
The southern parts of the state are affected by perennial droughts and the local community is insisting on water conservation projects. The government has undertaken a major project of constructing earthen dams to restrict and collect water in various areas. This is an example of a project taken for?
The network in your company is not able to respond to the work load. The management decides to upgrade the entire network with latest switches, hubs and computers. You have been assigned as a project manager. This project has been undertaken due to ……
Which of the following describes the term ‘Benefits’?
The term ‘Timescale’ as defined in the Business Case indicates …
It is a complete view of all the benefits, their dependencies and the expected realization timescales and is derived from benefit maps. It is known as …
A project’s product is expected to generate a revenue of 200,000 USD in third year. Considering an interest rate of 6%, what will be the Present Value?
The discounted rate when the present value of the cash inflows equals the original investment is known as …
In a Business Case, which of the following statement fits under the heading ‘Expected benefits’?
A pharmaceutical product is to be marketed in United States but currently it is not compliant as per FDA norms. The organization will initiate a new project to meet ……
Which costs are included in the Business case?
What is the best description of the purpose of a Benefits management plan?
A project is a part of a Programme. The project sponsor is responsible for the business case …