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APM811S - ADVANCED PROJECT MANAGEMENT - 2ND OPP - JUNE 2025 |
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n Am I BI A u n IVE Rs ITY
OF SCIEnCE Ano TECHnOLOGY
FACULTYOF COMMERCE, HUMAN SCIENCESAND EDUCATION
DEPARTMENTOF GOVERNANCEAND MANAGEMENT SCIENCES
QUALIFICATION:BACHELOROF BUSINESSMANAGEMENT HONOURS
QUALIFICATIONCODE: 08BBMH
LEVEL: 8
COURSECODE:APM811S
COURSENAME: ADVANCED PROJECT
MANAGEMENT
SESSION:JULY 2025
DURATION: 3 HOURS
PAPER:THEORY
MARKS: 100
SECONDOPPORTUNITYEXAMINATION PAPER
EXAMINER(S} DR VUSUMUZI SIBANDA
MODERATOR: MR. J.V OLU OJO
INSTRUCTIONS
1. There are six questions, answer any FOUR.
2. Read all the questions carefully before answering.
3. Number the answers clearly
PERMISSIBLEMATERIALS
1. Examination question paper
2. Examination answer sheet
3. Calculator
THIS QUESTION PAPERCONSISTSOF_ 4_ PAGES{Including this front page)
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Question 1
You have just been hired on a permanent basis by your new employer. A financial advisor with
one of the local commercial banks has approached you with a loan proposal for constructing a
family house. Considering this family's house construction as a project:
(a) Outline six (6) steps you will follow in developing a WBS for this project.
(b) Develop a work breakdown structure for this project.
(c) Outline any ten (10) benefits of using a WBS as a project management tool.
(6 marks)
(9 marks)
(1O marks)
Question 2
(a) With the aid of diagrams, compare the functional project structure and the matrix
project structure and demonstrate the strengths or appropriateness of each in
project management.
(15 marks)
(b) Outline any five (5) reasons why projects are started
(5 marks)
(c) State any five (5) reasons why projects are terminated.
(5 marks)
Question 3
A company is considering which of the two mutually exclusive projects it should undertake. The
finance director thinks that the project with the higher NPV should be chosen, whereas the
managing director thinks that the one with the higher IRRshould be undertaken, especially as
both projects have the same initial outlay and length of life. The company anticipates a cost of
capital of 10%, and the net after tax cashflows of the projects are as follows:
Year
0
1
2
3
4
5
Project X (N$)
200 000
35 000
80 000
90 000
75 000
20 000
Project Y(N$)
200 000
218 000
10 000
10 000
4000
3 000
Required:
(a) Calculate the NPV and IRRof each project.
(12 marks)
(b) Advise with justification, which project the company must undertake (if either).
(5 marks)
(c) Discuss the advantages and disadvantages of the payback method as a project
investment appraisal technique. Note: you are not required to perform any
calculations for payback.
(8 marks)
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Question 4
A project has activities and duration times in days as shown in the table below:
Activities
A
B
C
D
E
F
G
H
I
J
Required:
Immediate Predecessor
-
-
-
A
B
C
C
E, F
D
H,G
Optimistic Time
6
3
4
2
3
4
3
6
5
3
Most Likely Time
7
5
7
3
4
8
3
6
8
3
Pessimistic Time
8
7
10
4
11
12
9
12
11
9
(i) Calculate the expected (mean) time for each activity
{5 marks)
(ii) Calculate the variance for each activity
(5 marks)
(iii) Construct the project activity network diagram using the AON methodology and
indicate each activity's duration (mean time), ES,LS,EF, LFand Slack on the
diagram.
{10 marks)
(iv) Identify the critical path through the network diagram.
(1 mark)
(v) What is the earliest time that the project may be completed?
(2 marks)
(vi) Identify burst activities and merge activities on the network diagram.
{2 marks)
Question 5
(a) Define the concept of project risk in project management
(2 marks)
(b) Discuss any five (5) categories of risk in project management
{15 marks)
(c) With the aid of appropriate examples, discuss any four (4) risk mitigation strategies
{8 marks)
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Question 6
You are the project manager for an event planning company that has been contracted to
organise an international conference for a client in the tech industry. The scope of the project
includes arranging the venue, organizing travel and accommodation for international guests,
coordinating speakers, and managing the event's promotional activities. The budget provided
by the client is N$500,000, and the event should be ready to kick off in six months.
Due to the pandemic, international travel has become uncertain. You have identified this as a
significant project risk that could impact the overall success of the event. Meanwhile, your
client insists that a virtual conference would not provide the same networking opportunities
and requests you to proceed with the plan.
Midway through the project, it becomes apparent that due to the increasing number of COVID-
19 cases, international travel restrictions are being imposed again. Now, the uncertainty has
turned into a reality, and the project faces a considerable challenge.
Answer the following questions:
(i) Given the constraints of the project, how would you adjust your management approach
in response to this alteration?
(4 marks)
(ii) What would be your next steps in discussing this issue with your client?
(3 marks)
(iii)
How would you reassess the project risks given this change?
(3 marks)
(iv)
How might this scenario impact the other project constraints such as scope, cost,
schedule, quality, and resources?
(10 marks)
(v) What alternative solutions can you propose to the client to ensure project successin the
current situation?
(5 marks)
'"'END OF EXAMINATION""
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