Hamzat Adams

one (1) and any other (2) questions. 2. Question number 1 carries 30 marks, while the other questions carry 20 marks each. 3. Present all your points in coherent and orderly manner. TIME ALLOWED: 2 Hours 1a.A project costs N100,000 and has a scrap value of N40,000. The stream of income before depreciation and taxes are N40,000, N50,000 and N60,000 for the first three years. The tax rate is 50% and depreciation is on straight line basis. i. Calculate the accounting rate of return (ARR) for the project. ii. State the decision making criterion. iii. What are the weaknesses of the method?(10 Marks) b.A project cost N500,000. It generates cash inflows of N150,000, N300,000 and N400,000 over a three year period. The required rate of return is 10%. i. Calculate the net present value (NVP) of the project ii. What are the merits and demerits of this method? (10 Marks) c.A barbers' shop costs N32,400 to establish and is expected to generate cash inflows of N16000, N14000 and N12000 over its life of three years. i. Calculate the internal rate of return (IRR). State the decision making criteria used. ii. What are the weaknesses of the method?(10 Marks) 2a.Discuss three sources of new project ideas. (10 Marks) b.List and discuss four factors that are likely to influence the location of industrial projects in your present environment. (10 Marks) 3a.Explain manpower planning and evaluation. What are the practical applications in industry?(10 Marks) b.Briefly discuss the role of human resource in project management.(10 Marks) 4a.Explain briefly the concept of demand analysis. (10 Marks) b.How do you conduct demand analysis in project management?(10 Marks) 5a.List and discuss the seven steps of the demand forecasting process. (10 Marks) b.What are the major difficulties in forecasting future demand in Nigeria? (10 Marks)