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Question 336

Using the Project Scenario and the Extract from Stage Plan for stage 3 provided as additional intonation for this question in the Scenario Booklet, answer the following 5 questions.

The Stage Plan for stage 3 has been produced.

The Engineering Manager insists that there are to be no interruptions to operations whilst photographs are being taken of the engineering staff performing their everyday duties and operating machinery. Two weeks ago the professional photographer produced the photo session schedule based on the operational staff schedule. The operational staff schedule is produced weekly and maintained by the Engineering Manager.

None of the ֲ£500 change budget has been used to date and this is available for the stage.

Which 2 statements apply to the Budgets section?

    Correct Answer: B, D

    Budgets should primarily concern themselves with financial aspects, not time allocations. Therefore, entry 16, which relates to timescales, should be deleted as it is not appropriate under the budgets section. Additionally, the change budget of £500 for stage 3 should be explicitly included in the budget section to address any potential changes within the stage, ensuring that the financial provision for changes is documented and clear.

Discussion
timedoutOptions: BD

Would this not be B and D?

timedout

Ok its a time budget..

timedout

And page 207 states "The budget should include: costs of the activities to develop and verify the specialist products, and the cost of the project management activities"

ravi_awsOptions: BD

B. Delete entry 16 because timescales should NOT be shown under the heading of budgets. D. Add ‘Change budget - ֲ£500’. The reason for B is that budgets are only concerned with the costs of the project, not the duration. Timescales should be shown under the heading of planning assumptions or monitoring and control. The reason for D is that the change budget is the amount of money allocated for changes that may arise during the project, and it should be clearly stated in the budgets section. The change budget for stage 3 is ֲ£500, as mentioned in the scenario.