Project Management June 2026 solved assignment
Description
PROJECT MANAGEMENT
JUNE 2026 EXAMINATION
Q1 An infrastructure company has secured a government contract to build a highway connecting rural and urban areas. The contract stipulates strict timelines and penalties for cost overruns. Key risks include volatile raw material prices, uncertain land acquisition costs, and changing regulatory requirements. Project managers are required to submit a comprehensive budget proposal, including robust contingency funds and justifications for their allocations to satisfy governmental oversight.Demonstrate how you would apply scenario analysis and probabilistic contingency planning alongside traditional cost estimation frameworks to manage financial risks in this project. How would you structure the justification for contingency reserves to ensure transparency and address stakeholder concerns?
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Q2 (A) A global retail corporation has assigned you as the project manager for a new regional warehouse deployment project. After developing an initial Gantt chart and work breakdown structure, you realize that resource allocation is suboptimal and several tasks have unclear ownership, resulting in overlapping duties and delayed decision- making. The team is divided between relying on informal communication and introducing a RACI matrix, but some executives feel that too many formal tools may slow down progress. You must advise the leadership on how to move forward.Assess the potential impacts of introducing a RACI matrix in conjunction with WBS for this project. Critique both the argument for increased formalization versus the risk of bureaucratic slowdown, and justify your recommendation to the leadership team with supporting rationale.
Q2 (B) A pharmaceutical company’s new product development project is running behind schedule. Analysis reveals that project scheduling was conducted mainly by senior experts using personal judgment, with minimal reference to historical project data or standard estimation techniques. Conflicting stakeholder priorities, unanticipated regulatory hurdles, and supply chain issues have further derailed the timeline. The leadership team is divided over continuing with expert-driven estimation versus developing a formalized, data-driven estimation process.Evaluate the effectiveness of expert judgment-based time estimation versus a systematic, historical data-driven approach in the context of this delayed development project. Which method would you recommend to minimize future delays, considering the specific challenges of regulatory and supply chain uncertainties? Provide a justified critique of both perspectives.
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