August
1999 QUESTION 5 Total Marks: 20 Marks |
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| (a) | Evaluation is important in determining the
accountability of project organisations, the progress being made on projects, and the
avoidance of problems on projects. Explain why this is the case.
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[6] |
| (b) | Explain carefully
and in some detail why companies should not bid for every contract that comes their way.
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[3] |
| (c) | Should bid/no bid decisions be based on cost
(profit/loss) evaluation alone? Explain your answer.
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[3] |
| (d) | Explain why the business case evaluation
plays a vital role in making bid/no bid decisions.
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[3]] |
| (e) | Discuss three possible problems that might
arise during project evaluation. In each case suggest how these problems might be
overcome.
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[6] |