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?
(c) What do you comprehend by each of the following Managerial expressions:
(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?
(c) What are the foremost causes of Capital 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.