CIMA Updated P3 Exam Questions and Answers by ioan

To ensure that recognised risks are adequately managed.

To ensure that there are no undiscovered risks.

To eliminate all recognised risks.

To provide the risk manager with a role.

The time value of money should be the same for all similar competing projects.

Decisions should only consider the financial implications of the project.

No one method of capital appraisal taken alone is adequate to evaluate competing projects.

Net Present Value evaluation considers a range of different discount rates considering different risk factors and finance methods.

Opportunity cost is only relevant when capital is scarce.

All projects should be evaluated using sensitivity analysis.

An assessment of how the aid is used once it has arrived at its destination.

The identification of the reason for any cost overruns so as to be able to assign responsibility to particular individuals so that the management can deal with them as they see fit.

An assessment of the extent to which the new system has led to more efficient delivery of aid to those in need.

To create a record of good and bad experiences in relation to the implementation of the project so that the charity is able to learn from them should they decide to implement a similar project in the future.

18%

17.77%

18.23%

16.50%