Question 1a the requirement of a major and a minor project

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Reference no: EM13349559

QUESTION 1

(a) The requirement of a major and a minor project is based on some criteria.

Itemise at least 5 such criteria.

(b) For a Public Sector project/programme, list five key elements to Project Management and give explanation briefly for each of them.

(c) Due to the timescale required for the planning, design and completion of a major project or programme, capital budgets are indispensably long term. What does this denote?

(d) Before a project is included in the capital programme it should be subject to a thorough financial and technical appraisal. Give at least 5 constituents which should be included.

QUESTION 2

(a) What is the reason of a Mission Statement?

(b) What two phrases do Purpose Statements comprise?

(i) Vision Statement

(ii) Strategies

(iii) Stakeholders

(iv) Goals

(v) Objectives

QUESTION 3

(a) Within the Financial Management Manual, what should a Policy Framework (PF) note comprise of?

(b) Describe what you comprehend for each of the above items which should be included in a Policy Framework (PF) note.

QUESTION 4

(a) Characterize the Revenue within the Public Sector.

(b) What are the prime causes of recurrent revenue in the Public Sector?

QUESTION 5

(a) An integrated financial model will normally contain 3 to 5 years of historical income declaration and balance sheet information, with approximately the same line items as the obtainable historical financial statements of the business to be analyzed.

A good financial forecaster has the discipline of adhering to a list of guiding principles to help ensure that the expansion of the financial model achieves the desired results.

Elucidate the three steps that a financial analyst should follow to be able to construct a financial model that is simple, precise and most significantly consistent, to help build self-assurance?

(b) Financial Modeling Discipline can be acquired in all the three stages of the financial modeling procedure in the Public Sector which are:

• Specification Stage

• Design Stage

• Build Stage

Describe what you know by each of the stages.

Reference no: EM13349559

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