Project Management: Pre-Investment Phase
37 Questions
0 Views

Project Management: Pre-Investment Phase

Created by
@ProvenParable

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is included in a budget as described in the content?

  • A list of potential project delays
  • Projected earnings from the project
  • Detailed measurements of composite elements (correct)
  • An analysis of environmental impacts

    • What does the viability study focus on according to the content?

  • The breakdown of the anteproject into partial projects (correct)
  • Potential market trends affecting the project
  • Cost-benefit analysis of the project
  • Analysis of previous project outcomes

    • Which phase comes after the preliminary study, according to the project cycle?

  • Final project formulation
  • Execution phase
  • Viability study (correct)
  • Project management

    • What must a project viability study indicate about the budget?

    <p>The amounts allocated for each phase of the project</p> Signup and view all the answers

    What is the final step in the project cycle as outlined?

    <p>Operation and management</p> Signup and view all the answers

    What is the primary focus when conducting a feasibility study?

    <p>Understanding business drivers</p> Signup and view all the answers

    Which step comes after researching the business drivers in a feasibility study?

    <p>Confirming the alternative solutions</p> Signup and view all the answers

    Which of the following is NOT a factor to consider when assessing the viability of a project?

    <p>Workforce morale</p> Signup and view all the answers

    What factor should be evaluated to ensure the project aligns with the organizational goals?

    <p>Interest and priority of the objectives</p> Signup and view all the answers

    Identifying potential beneficiaries and victims is considered a part of what phase in a feasibility study?

    <p>Impact evaluation</p> Signup and view all the answers

    Which of the following could be a business driver for initiating a feasibility study?

    <p>Need for an updated IT system</p> Signup and view all the answers

    What types of project obstacles should be identified in a feasibility study?

    <p>Legal requirements and licensing</p> Signup and view all the answers

    What is meant by assessing the socio-economic circumstances of the project area?

    <p>Understanding community needs and resources</p> Signup and view all the answers

    What is the primary objective of the project documentation in the formulation phase?

    <p>To ensure the execution of the investment proposal with maximum guarantees</p> Signup and view all the answers

    Which element is NOT included in the project documentation requirements?

    <p>Detailed project financing strategy</p> Signup and view all the answers

    What is the acceptable level of uncertainty for the budget in the project formulation?

    <p>Less than 10%</p> Signup and view all the answers

    What aspect must project documentation provide concerning the work units projected?

    <p>Technical, functional, and economic justifications for the solution</p> Signup and view all the answers

    What should the project documentation include regarding materials used?

    <p>Study of materials to be used and tests carried out</p> Signup and view all the answers

    Which document establishes the legal framework for project contracts in the public sector?

    <p>Public Sector Contracts Law (Law 9/2017)</p> Signup and view all the answers

    What type of evidence must the project include regarding methods of calculation?

    <p>Calculations and tests carried out detailed in separate appendices</p> Signup and view all the answers

    What aspect of a project's proposal needs to be expressed and justified clearly?

    <p>Whether the project constitutes a complete or fragmented work</p> Signup and view all the answers

    What is the primary purpose of conducting a viability study?

    <p>To reduce uncertainty before deciding to invest.</p> Signup and view all the answers

    Which of the following is NOT a content element of a preliminary project?

    <p>Final execution schedule.</p> Signup and view all the answers

    Which of the following factors is considered when selecting alternatives in a viability study?

    <p>Objectives of the project.</p> Signup and view all the answers

    What is included in the 'Memoria' of a preliminary project?

    <p>Justification of the chosen technical solution.</p> Signup and view all the answers

    What role does the evaluation multicriteria have in a viability study?

    <p>It aids in selecting the most suitable project alternative.</p> Signup and view all the answers

    In the context of a preliminary project, what aspects do the panels include?

    <p>Basic dimensions and layouts for execution.</p> Signup and view all the answers

    What type of information is classified as primary in a viability study?

    <p>Information gathered from direct sources.</p> Signup and view all the answers

    Which of the following is a key determinant in a viability study?

    <p>Technologies to be used.</p> Signup and view all the answers

    What is included in the content of the Project Technical Project Document (PPTP)?

    <p>Norms for the development of various work units and installation safety measures</p> Signup and view all the answers

    What does the Project Economic Model (PEM) calculate?

    <p>Summation of the product of unit counts and their unit prices</p> Signup and view all the answers

    What is included in the budget calculation of PBL?

    <p>PEM plus general structural expenses and contractor's industrial benefit</p> Signup and view all the answers

    What aspect is specifically addressed in the content of the construction drawings?

    <p>Comprehensive descriptions for deduction of measurements</p> Signup and view all the answers

    Which components are analyzed in the preliminary study phase of a project?

    <p>Opportunities and needs related to the project</p> Signup and view all the answers

    What does the Program of Work in a project typically contain?

    <p>Financial planning and execution timelines of critical components</p> Signup and view all the answers

    What percentage is typically set for general expenses in the budget?

    <p>13 - 17%</p> Signup and view all the answers

    In project formulation, which element is included to ensure compliance during construction?

    <p>Regulations for material testing and safety</p> Signup and view all the answers

    Study Notes

    Pre-Investment Phase

    • Identification of the Project: This is the initial phase where the project is conceived, and its basic needs and opportunities are analyzed.
    • Preliminary Study: This stage involves initial research, market analysis, and a basic assessment of the project's feasibility. It determines the preliminary scope and potential of the project.
    • Feasibility Study: This stage delves deeper into the project's viability, assessing technical, economic, social, and environmental factors.
      • It also analyzes alternative solutions, potential impacts, and determines the project's priority and alignment with company goals.
      • This stage helps determine if the project is technically, economically, and socially viable.
    • Anteproject: This stage involves more detailed planning and design. It includes preliminary engineering designs, budget estimates, and initial legal framework analysis.

    Investment Decision Phase

    • Decision to Invest: Based on the findings of the feasibility study and anteproject, a decision is made to proceed with the investment and move to the project's implementation phase.
    • Definitive Project: This stage involves the development of a comprehensive and detailed project plan. This includes final design drawings, detailed budget estimates, construction timelines, and a comprehensive evaluation of the project's potential environmental impacts.

    Project Execution Phase

    • Project Formulation: The project is defined with technical, financial, socio-economic, environmental, and organizational documentation to ensure its successful execution.
    • Evaluation: The project is thoroughly evaluated in terms of its technical feasibility, economic viability, environmental impact, and social benefits.
    • Execution: The project is implemented according to the detailed plans and specifications established in the project's definition stage.

    Post-Investment Phase

    • Operation and Management: Once completed, the project is put into operation and maintained. This phase involves monitoring outcomes, addressing any issues, and optimizing performance.
    • Results Evaluation: The project's performance is assessed against its initial goals and objectives. This phase involves gathering data on the project's impact, identifying any successes or shortfalls, and using the findings to improve future projects.

    Study Notes

    • Feasibility Study: The feasibility study is a critical stage in the project development process. It assesses the viability of the project before committing significant resources.
    • Anteproject: The anteproject provides sufficient information for making a decision on investing in the project.
    • Project: The project is the final and comprehensive document that outlines the project in detail including its technical design, cost estimates, execution schedule, and management plan. It serves as a roadmap for the project's implementation.
    • Project Documentation: Project documentation plays a crucial role in ensuring transparency and accountability in the project's development and execution. It helps ensure that the project meets all legal requirements and specifications.
    • Project Phases: The project lifecycle is divided into distinct phases, each with its own objectives and deliverables. Effective management of each phase is essential for the project's success.
    • Budget Estimates: Accurate cost estimates are crucial for ensuring financial feasibility and for managing project resources effectively.
    • Environmental Impact Assessments: The project's environmental impact is evaluated and mitigated throughout the project's development and execution to ensure sustainability and compliance with environmental regulations.
    • Ley 9/2017: This law defines the legal framework for public sector contracts in Spain.
    • RD 1098/2001: This Royal Decree governs the regulations for public sector contracts in Spain.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Related Documents

    Ciclo de Proyecto GIA 2024-25 PDF

    Description

    This quiz covers the essential stages of the Pre-Investment Phase in project management, including project identification, feasibility studies, and preliminary studies. Test your knowledge of the key components and detailed planning strategies necessary for successful project initiation.

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser