CIMAPRA19-P03-1-ENG tricks - P3 Risk Management Updated: 2023
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CIMA Management tricks
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CIMAPRA19-P03-1-ENG
P3 Risk Management
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Question: 169
W plc is a large international supermarket chain. It has many thousands of suppliers and many thousands of others
competing for "shelf space" in its supermarkets.
Which of the following would be appropriate provisions for W plc to include in its Ethical Code in relation to its
suppliers?
A. W plc shall not use its buying power unscrupulously.
B. W plc shall endeavour to adhere to the terms of its contracts with its suppliers at all times.
C. W plc shall keep confidential all information received from suppliers and potential suppliers.
D. W plc shall continuously remind suppliers that it always has several alternative suppliers to choose from.
E. W plc shall endeavour to take as high a percentage of each supplier’s output as possible.
F. W plc shall insist on an exclusivity agreement with each provider so that identical products are not available from
other outlets.
Answer: A,B,C
Question: 170
The treasurer of IOK is considering entering into a money market hedge in order to hedge a payable.
Which of the following might be valid explanations for the use of a money market hedge for this purpose?
A. There are no forward contracts available for the purchase of the payable currency using IOK’s home currency.
B. The timing of the payable does not permit the use of a forward contract.
C. The relevant currency markets are very thinly traded and the treasurer believes that forward contracts are mispriced.
D. A money market hedge is easier and less expensive to organise than a future or forward contract.
E. Money market hedges can be unwound whereas positions in derivatives cannot.
Answer: A,B,C
Question: 171
DFG is the largest bridge-building company in its home country, H. DFG works exclusively for the government of
country H and the government awards DFG 80% of the contracts to build new bridges.
DFG’s directors are considering using the big data approach to identify opportunities to increase sales revenues and
profit.
Which of the following statements are true?
A. Big data has the potential to identify ways in which DFG can reduce construction costs.
B. DFG should supplement its existing databases in order to enhance the benefit from big data.
C. The big data approach may help DFG to price contract bids more accurately.
D. Big data has the potential to identify ways in which DFG can increase sales.
E. It would be unethical for DFG to use big data in order to compete even more effectively with its rivals.
Answer: A,B,C
Question: 172
When a new computer system is being implemented there are several possible methods for managing the changeover
from the old system to the new system.
Which THREE of the following are true?
A. Phased changeover is the safest and slowest method of changeover.
B. Phased changeover moves individual portions of the business to the new system one at a time.
C. Pilot changeover moves the simplest part of the business to the new system first.
D. Parallel running involves keeping the old system running, normally until certain data retention criteria are met or
confidence is gained, while the new system deals with the new workload. Data input is usually carried out on both
systems.
E. Direct changeover, or Big Bang is only used when the systems are significantly different such that comparing the
outputs of the two systems is largely irrelevant.
F. All methods of changeover carry high risk and it is the preparation, consideration of data compatibility and data
cleansing before the changeover which has the biggest impact on the smoothness of the transition.
Answer: B,D,F
Question: 173
ZZ is a data security company that is responsible for cyber security m a large shopping mall 21 uses Network
Configuration Management (NCM) to assist it in meeting the various needs of the mall’s user community.
Which THREE of the following are advantages provided by NCM?
A. NCM allows ZZ to prevent data corruption for different user groups in the mall
B. NCM allows ZZ to provide different service levels for different user groups in the mall
C. NCM allows ZZ to segregate traffic for different user groups in the mall
D. NCM allows ZZ to prevent scanners being used on the public WiFi for different user groups in the mall
E. NCM allows ZZ to restrict traffic for different user groups in the mall
F. NCM allows ZZ to stop malware from being spread for different user groups in the mall
Answer: B,C,D
Question: 174
Amber selects appropriate suppliers and places purchase orders.
Brian passes invoices for payment and submits payment instructions to the bank.
Chris checks incoming inventory and unpacks goods from their containers.
Dirwan posts purchase invoices and files invoices and supporting documents.
Which member of staff could most easily commit fraud?
A. Amber
B. Brian
C. Chris
D. Dirwan
Answer: B
Question: 175
Division A of X plc produced the following results in the last financial year.
Net profit $200,000 Gross capital employed $1,000,000
For evaluation purposes all divisional assets are valued at original cost.
The division is considering a project that has a positive NPV, will increase annual net profit by $15,000, but will
require average inventory levels to increase by $50,000 and non-current assets to increase by $50,000.
X plc imposes a 16% capital charge on its divisions.
Given these circumstances, will the evaluation criteria of return on investment (ROI) and residual income (RI)
motivate division A managers to accept the project?
A. ROI Yes RI Yes
B. ROI Yes RI No
C. ROI No RI Yes
D. ROI No RI No
Answer: D
Question: 176
A project has been evaluated on the basis that it will cost $14 million and will have a net present value of $2.3 million.
The project has commenced and $3 million of the initial $14 million has been invested. A problem has been
discovered that will cost an additional $2.5 million to rectify. The $2.5 million will be payable immediately.
What is the NPV of continuing with this project?
A. -$3 million
B. -$0.2 million
C. $1.8 million
D. $2.8 million
Answer: D
Question: 177
DRAG DROP
Identify, from the list provided, which category of business risk most accurately describes the events detailed below.
Answer:
Question: 178
In the purchasing department, the purchasing manager selects and approves all suppliers, as they are the only person
with sufficient experience to do so. They use a very limited number of suppliers because they can rely on these
suppliers to provide goods of the quality required at a competitive price. They do not keep any documents in relation
to negotiations with other potential suppliers or other quotes obtained.
In relation to the above, which of the following statements are valid?
A. The fact that the purchasing manager uses a very small number of suppliers is, in itself, a sign of poor internal
controls.
B. It is acceptable for clerks in the trade receivables section to make journal adjustments without authorisation
provided the amounts involved are not material to U’s financial statements.
C. It is acceptable for clerks in the trade receivable section to make journal adjustments without authorisation, provided
they have no access to cash receipts.
D. The fact that the purchasing manager does not keep documentation relating to negotiations with suppliers, or
potential suppliers, is evidence that they are involved in fraudulent activity.
E. Clerks making journal adjustments without reference to their supervisor is evidence of inadequate separation of
duties.
F. The way the role of purchasing manager is carried out in U increases the chance that the company will fall victim to
fraudulent activity.
Answer: E,F
Question: 179
DRAG DROP
Select the most appropriate level of responsibility for managing each of the following risks.
Answer:
Question: 180
A UK based company is considering an investment of GBŁ1,000,000 in a project in the USA. It is anticipated that the
following cash flows will arise from this project.
The cash flows will be either US$400,000 with a probability of 40% or US$700,000 with a probability of 60% for
each of the next three years; remitted to the UK at the end of each year.
Currently GBŁ1.00 is worth US$1.30.
The expected inflation rates in the two countries over the next four years are 2% in the UK and 4% in the US.
Applying the Purchasing Power Parity Theory, which of the following represents the expected net present value of the
project in GPŁ (to the nearest whole pound)?
A. GBŁ287,639
B. GBŁ391,640
C. GBŁ(111,973)
D. GBŁ554,047
Answer: A
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In the highly complex CIMA curriculum, the Management Level is yet another challenge: one that must be overcome. In order to assist you in surpassing this challenge, Wisdom, the pioneer CIMA institute in Sri Lanka, offers you the best possible lecture panel. Consisting of a group of diverse individuals with the most relevant and exciting corporate experience under their belts, they will ensure that coursing through the Management Level to the Strategic Level is no difficult task.
Performance Management
Performance Management, the performance pillar subject of the Management Level, is an area where both your theoretical skills and numerical skills get tested. Hasitha Premaratne, Wisdoms' highly popular lecturer for Performance Management will make sure that you are not at a loss when it comes to either of these skills.
Heading the finance function at Brandix Lanka (Pvt) Ltd, Hasitha's diverse and colourful corporate experience in areas such as capital markets, economics, finance and management adds flavour to his classes. He has produced over 12 Sri Lankan prize winners during his lecturing career of 10 years, while also having received the prestigious CIMA 'Tutor of the Year' Award for 2009. His academic and professional qualifications include an MBA in International Finance and a BSc in Computer Science, along with associate membership of the Chartered Institute of Management Accountants and the Society of Certified Management Accountants and also fellow membership of the Association of Chartered Certified Accountants.
Enterprise Management
Enterprise Management, with a greater focus on the business and its competitive environment, requires students to gain a thorough understanding of the theoretical aspects and also to apply them in typical company related scenarios. Lectures for Enterprise Management are carried out by Tharindu Amaresekere, a young and vibrant lecturer who has received much praise and acclaim from his students over the past 6 years.
Tharindu bears many academic and professional qualifications, which include a Bachelor's Degree in computing. He is also the only EM lecturer in Sri Lanka to hold a Master's Degree in Project Management, a vital component of the EM syllabus. He is currently reading for his MBA specialising in Marketing from the University of Colombo and CIM Diploma in Marketing.
Currently employed as a brand consultant for an international web solutions organisation, Tharindu's combined local and international experience renders him the perfect lecturer for a theory related subject in the likes of EM, where building the link between theory and practicality will never lose importance. His keenness on practising Corporate Stimulus Teaching, where theory is aligned with real world companies, has won him a large fan club among CIMA students. He also provides individual focus for improvement of writing skills, which will assist in presenting your arguments in a succinct and comprehensive manner.
Financial Management
For Financial Management, Wisdom presents two individuals with well respected financial and teaching skills. Mallik de Silva, who has found much favour among his students as a friendly and approachable person, has over 15 years lecturing experience. Currently serving as the Group Finance Manager at Richard Pieris and Company PLC, he counts diverse and versatile exposure in many multinational organisations. An associate member of the Institute of Chartered Accountants of Sri Lanka and a fellow member of the Chartered Institute of Management Accountants UK, he also possesses an MSc in Financial Management.
Akalanka Saparamadu, who joins Mallik at Financial Management, is a CIMA passed finalist who has also completed his Bachelor of Business Administration (Finance Special) degree with a First Class from the University of Colombo. At present, he is a Chartered Financial Analyst (CFA) - Level 3 candidate. Akalanka is presently employed at HSBC Sri Lanka as an Account Relationship Manager.
Together the duo has produced many prize winners and consistently maintained above average pass rates. Their combined efforts in teaching will expose you to a novel experience in finance.
In addition to the stimulating back up received from the lecture panel, Wisdom also provides you with a balanced environment where extra-curricular activities are promoted without disturbing academic activities. Thus, your CIMA studies are bound to be a combination of fun and success. When you are being presented with such a great opportunity to be coached under the best quality lecture panel for CIMA, would you want to say 'no'? Join Wisdom and experience a refreshing CIMA journey. Classes for Management Level began on June 4 2011.
Wisdom Business Academy, the largest CIMA Education Institute in Sri Lanka, an outstanding educator actively engaged in nurturing professionally qualified Management Accountants in Sri Lanka offers the expertise and experience of two of their most dynamic lecturers for Financial Management an integral subject in CIMA Management Level.
Experienced lecturer - Mallik De Silva, who specialises in Financial Management at the Management Level, is the Group Finance Manager of the local conglomerate Richard Pieris and Company PLC. He is responsible for the preparation of group accounts, consolidated financial statements and the Annual Report which is the core subject area in the Financial Management Syllabus. His expertise is such that every student is exposed to the practical aspects of Financial Management and not just loaded with theoretical knowledge. The interpretation of financial statements has significant impact on the syllabus and carries 35 % of the weight.
As the Group Finance Manager Mallik interprets the performance of RPC Group and its subsidiaries on a continuing basis. His co-lecturer Akalanka Saparamadu, is a CIMA passed finalist and a business graduate from the University of Colombo with 1st Class Honours. In addition he is reading for CFA Finals. As a Relationships Manager attached to Hong Kong & Shanghai Banking Corporation - a multinational banking corporation, he analyses the financial statements of a large spectrum of clientele on a continuing basis. As such students learn how financial statements are analyzed in the business world. There's absolutely no doubt that this exposure gives the student a competitive edge at the examination.
The combined strength of these experienced CIMA campaigners is transferred to the students who in turn benefit and gain invaluable exposure and in-depth understanding of the subject, when studying at Wisdom Business Academy.
Furthermore, both lecturers have devised a mechanism where students are introduced to a "magical formula" to help them present their reports successfully to the utmost satisfaction of the examiners, which is to be unveiled during the course of their lectures. Report writing which includes an advanced analysis has so far been an area which has posed a difficulty for many a Sri Lanka student.
The two lecturers have also over the years developed yet another successful mechanism entirely focused on probable areas for the examination and more often than not these are the exact areas that are tested by the examiners during the final exam. Both Mallik and Akalanka provide examination coaching where the students are trained to answer the questions within a stipulated time frame as many students run short of time during the examination, even though they are well versed in the subject. Numerous ways of effective time management and other examination tactics and strategies are periodically rolled out during the entire session in order to get the student 'exam ready'.
Students are also given a minimum of four mock examinations with strict guidelines similar to the final exam, while the lectures take the effort to deliver personalized feedback to each and every student on their weak points, to ensure that they master these skills in time for the final exam.
What's more there's never a dull moment throughout the sessions, students learn the core functions of Financial Management in an interactive, dynamic and challenging environment where the maximum potential of the student is harnessed by the lectures. Their main aim is to lay the foundation for the creation of qualified Management Accountants in Sri Lanka. Financial Management sessions conducted by Wisdom Business Academy are created for the absolute convenience of the students, as they have to only devote one day per week to attend lectures, thereby saving valuable time.
'Comments about the FM - November 2010 Exam:
"The predictions were so accurate it was unbelievable at the exam" - Krishani Gallage
"We were so well trained in all areas the examination was a piece of cake. Wisdom is definitely the no:1 choice for FM"- Sunera Tennakoon
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"If you want to do CIMA, the ideal choice would be Wisdom especially for the management pillar. The FM paper was just as predicted and the sole reason was due to the young lecturers Mr Mallik and Akalanka's deep exam focus and drive. The number of mocks, marking of mocks and discussion were fruitful. FM for wisdom would be nothing if deprived of you both. Thanks heaps and make the right choice"
Organizations today need leaders who can navigate a fast-changing economy, applying an entrepreneurial outlook and hurry analytical skills to emerging business opportunities and global forces. At The New School's colleges and schools — from Parsons and Milano to Media Studies and Performing Arts — management and entrepreneurship education goes beyond promoting conventional business approaches to develop creative problem solvers skilled at managing within future-facing, creative, socially engaged environments. Our distinctive approach is rooted in five overarching themes and in-demand capacities: Design, Futures, Human Experience, Social Justice, and Systems.
Academic Programs
Join our community of changemakers, who are re-envisioning management through entrepreneurship-focused graduate and undergraduate degrees and minors, certificates, and continuing and executive education programs. All of our management offerings draw on The New School's expertise in innovation and human-centered business leadership.
Faculty
Diverse, experienced, and visionary, our faculty are leaders committed to cultivating managers and entrepreneurs who can transform fields and disrupt business as usual to foster enterprise that advances innovation and social good. They mentor, share their networks, and establish industry collaborations that deliver learning real-world relevance.
Centers, Labs, and Initiatives
The New School's innovative management methodology is forged in applied, real-world work and research. University labs, incubators, and funded competitions deliver students and alumni an array of resources to bring innovation to established organizations and to develop new businesses, many of which are launched while students are still on campus.
When evaluating the best free project management software available, we considered a variety of factors such as pricing, general features, additional features, reviews and recognition, and expert score. We assigned a weighted score to each value and narrowed the field down to the top contenders based on their total score.
Pricing
Pricing is an essential factor when selecting project management software, and we gave this category a weight of 30%. This category includes whether a free version is available and the cost of the starting paid plan.
General Features
We assigned a weight of 30% to this category, which includes important project management features such as role assignment, timelines, Gantt charts, software integrations, dependencies and mobile app support.
Additional Features
Additional features can add significant value to a project management tool, and this category was assigned a weight of 15%. We considered whether the software offers budgeting tools, markup features, billing and invoicing, and guest/client access.
Reviews and Recognition
Reviews and recognition are valuable indicators of a product’s quality and customer satisfaction. We assigned a weight of 15% to this category, considering the ratings on platforms such as Capterra and Trustpilot.
Expert Score
Finally, we evaluated the expert score, which includes features, value for money, popularity and ease of use. We gave this category a weight of 10% to ensure we were taking into account both user and expert opinions on each product.
Career Paths
Graduates are well positioned for careers in business, sustainability management, innovation, social enterprise, strategic and service design, and entrepreneurship in a wide range of industries, organizations, and professional fields. Students who are already working can apply their learning to become "intrapreneurs" in their current organizations, or advance into novel and emerging roles such as chief change officer, chief innovation officer, or lead design thinker.
Explore Our Community
Discover what our students, alumni, and faculty are doing in NYC and worldwide.
What podcasts should you be following right now?
If you want more inspiration and thought leadership, these 10 podcasts will help change your life.
10Â Podcasts To Change Your Life
The Joe Rogan Experience
Joe Rogan's podcast, The Joe Rogan Experience, consistently ranks as one of the top podcasts. Rogan is a stand-up comic, mixed martial artist and sport commentator. He's smart, thought-provoking and delves deep into the human condition. Rogan has interviewed everyone from Elon Musk and Anthony Bourdain to Jordan Peterson and David Goggins.
The Tim Ferriss Show
Tim Ferriss is a bestselling author whose podcast, The Tim Ferriss Show, is often ranked as the #1 business podcast with over 100 million downloads. Ferriss interviews "world-class performers" ranging from Marc Andreessen and Peter Thiel to Malcolm Gladwell and Reid Hoffman to Arnold Schwarzenegger and Jamie Foxx. Ferriss focuses on dissecting actionable advice from top books, morning routines, exercise habits and time-management tricks.
The GaryVee Audio Experience
Gary Vaynerchuk, host of The GaryVee Audio Experience, is everywhere. The CEO, entrepreneur, bestselling author and investor has conquered social media. His inspiring speeches are filled with straight talk, and his podcasts are a must-listen for any entrepreneur.
Impact Theory With Tom Bilyeu
Tom Bilyeu, host of Impact Theory With Tom Bilyeu, is an entrepreneur who co-founded Quest Nutrition. Bilyeu focuses his podcast on inspiration, wellness, mindset, and other subjects that "help people develop the skills they will need to Excellerate themselves and the world." Bilyeu has interviewed thought leaders such as Ferriss, Vaynerchuk and bestselling author and marketing guru Seth Godin. Â
The Jordan Harbinger Show
Jordan Harbinger, host of The Jordan Harbinger Show, has been referred to as “The Larry King of podcasting.” A Wall Street lawyer turned interview talk show host, Harbinger's show is downloaded five million times per month. His podcast has been ranked in the Top 50 iTunes podcasts for over 12 years. Harbinger interviews successful people to share their insights and perspectives with his audience.
Build Your Network With Travis Chappell
Travis Chappell, host of Build Your Network With Travis Chappell, has a mission to "help a million people cultivate genuine relationships the right way." Chappell focuses on networking, and he believes who you know is more important than what you know. Chappell interviews entrepreneurs, authors and thought leaders, including guests such as Bilyeu, Ed Mylett and Grant Cardone. Chappell interviewed me on a latest podcast episode, and we discussed ways you can build and grow your professional network and other advice to lead your best life.
RISE Podcast With Rachel Hollis
Rachel Hollis, host of the RISE Podcast With Rachel Hollis, is an entrepreneur, motivational superstar and bestselling author who tells it like it is. With her husband Dave Hollis, she not only creates great content, but also runs The Hollis Company. If you want inspiration, authenticity and straight talk with business and personal development leaders, then Rachel Hollis is your go-to.
The Dave Ramsey Show
Dave Ramsey, host of The Dave Ramsey Show, is a money superstar and bestselling author. Ramsey's show is the third largest nationally syndicated talk radio show, is heard on more than 600 radio stations and has over 14 million weekly combined listeners. Ramsey helps callers "get out of debt, gain control of their money, and achieve financial peace."
The School of Greatness
Lewis Howes, host of The School of Greatness, is a bestselling author focused on personal development. Howes' podcast is one of the top-ranked business and self-development podcasts on iTunes, regularly appears in the Top 50 of all iTunes podcasts, and is downloaded more than four million times per month.
Happier With Gretchen Rubin
Gretchen Rubin, host of Happier With Gretchen Rubin, is a happiness guru and bestselling author. Rubin, along with her sister Elizabeth, focuses on daily tips to make your life happier. Rubin and I have spoken about the key to a happier life, the power of "before and after," the one question that can help you make better decisions and reduce stress and much more.
Final Thoughts
Are these the only amazing podcasts? Of course not. There are so many others podcasts that will impact the trajectory of your life. The more you can read and learn from great authors and podcasters, the more fulfilled your life can become.
Disclosure: My new book, The Lemonade Life, is published by HarperCollins, which also has published books by Gary Vaynerchuk, Rachel Hollis, Dave Ramsey and Gretchen Rubin.
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ASMR, short for autonomous sensory meridian response, is a phenomenon that aims to create a tingling sensation when you hear certain sounds. Many tout this online movement’s ability to release anxiety and stress. Learn more about its benefits in this WebMD video.
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MBA in Project Management Program Overview
Meet the growing demand for project leaders and couple your MBA with a project management concentration with the Master of Business Administration in Project Management from Southern New Hampshire University. Learn what it takes to plan, monitor, measure and adapt a project from start to finish, and enroll in a rigorous MBA program that fits right into your life.
A project manager's job is to keep projects and people on track, and the field of project management is growing as more companies move to project team-based business models. Our MBA is all about understanding and optimizing the functions of a business. The project management MBA builds a strong foundation of management skills, and you can apply these skills to leadership roles across a variety of industries, including construction, healthcare, IT development, manufacturing and more.
Students in this program have the opportunity to take QSO-645: Project Management for PMP® Certification, which upon successful completion awards them the 35 hours of project management education required to sit for the Project Management Professional® (PMP) certification exam. It's important to note that instructors of this course have completed the PMI® Authorized Training Partner Train the Trainer – PMP's exam prep program. This program equips SNHU faculty with the authority to deliver PMP exam prep and training content to PMI’s quality standards.
SNHU’s MBA in Project Management is one of the most affordable MBAs in the nation and can be completed in just over a year.
Career Outlook
With an MBA in Project Management online from SNHU, you can develop the skills and experience you need to capitalize on the growing demand for qualified project managers.
PMI® expects the number of project management jobs to skyrocket: It cites that the global economy will need 25 million new project professionals by 2030.1 Earning potential for project management workers is also strong – particularly for workers with the PMP certification. A 2021 PMI survey found that PMP-certified workers earned 32% more than those without certification.1
However, job growth and earning potential for project management careers will vary depending on the career you pursue with your project management MBA.
Understanding the numbers
When reviewing job growth and salary information, it’s important to remember that genuine numbers can vary due to many different factors—like years of experience in the role, industry of employment, geographic location, worker skill and economic conditions. Cited projections do not certain genuine salary or job growth.
The project management MBA offers a unique mix of project management skills and broad-based business knowledge that can help you stand out in this growing field.
“This degree will not only prepare you to carry a project management certification but it provides you the business acumen to put those project skills to work with any industry and any project model environment,” said Gina Cravedi '18, SNHU’s director of student experience operations, an MBA graduate and certified Project Management Professional (PMP).
Not sure you want to work as a project manager? The skills gained in a project management MBA can help you develop key leadership and career skills that enhance any business management position.
Earning an MBA in Project Management gave Dara Edge '15 new tools to support her career. During her time as a social media community manager, Edge managed engagement on her employer's social media channels and worked with teams from across the organization to analyze community engagement data.
Edge said her MBA program helped develop the strong critical analysis and communication skills needed for this role.
What SNHU Students Are Saying
“You have the ability to use the degree in so many different ways — whether you want to work in the project management field, work in management, or if you want to learn how to manage projects in general. You’ll always be able to use the skills and knowledge that you’ll learn in the program.”
Courses & Curriculum
The MBA in Project Management online combines theory with practical application. You can graduate with a set of tools that complement today's tech-intensive workplace.
In the updated curriculum, you'll engage in scenario-based learning opportunities, allowing you to complete activities and individually graded group work based on solving real-world business problems. This type of learning offers hands-on learning experience in your online classroom that mimics real-world work settings and challenges.
Taught by professors with many years of business experience, your courses will focus on how to lead a project from start to finish – smoothly. You’ll learn how to define the scope of a project, develop a project timeline, and identify costs and resources.
Project management learning will be supported by the MBA core curriculum, which focuses on all aspects of business leadership, including:
- Building Business Leaders
- Applied Business Statistics
- Leading People and Organizations
- Optimizing Brands
- Leading Organizational Change
- And more
Your project management degree courses will focus on the tools, processes and strategies used to successfully hit the goals of any big project.
You’ll learn how factors like scope, time, cost, quality, risk, resources and communication impact a project. You can apply this learning to real-world case studies to gain key decision-making experience. And you’ll get hands-on practice using manual and technology-based tools to start, plan and control projects.
In SNHU's MBA program, you can take advantage of benefits like:
- Embedded credentials from external partners, which deliver you the option to enhance your learnings and overall marketability in the field. These include learning tools such as Power BI, MS Excel and Tableau, as well as enhancement of soft skills such as human intelligence and strategy implementation.
- Fluid learning paths, which offer more flexibility in due dates as well as learning across modules with interconnected themes to draw relationships between business principles.
- Group work, featuring collaborative work and discussions with classmates – with individual contributions and grades.
- Multimedia, including animations for complex topics, videos featuring industry leaders sharing business insights and video communication tools.
- Scenario-based learning, where you'll practice and problem-solve within real-world business scenarios – and your instructors act as mentors.
- Timely resources, featuring relevant resource material from leading professional organizations and publications.
If you’re interested in seeking the PMP certification, you have the option to take QSO-645: Project Management for PMP Certification as part of your MBA program. In this course, you'll explore the professional and social responsibilities of project management. You can also get a deeper understanding of the tools and techniques you can use to plan and manage projects.
This course satisfies the education requirement of 35 hours needed to take the PMP exam. It does not certain certification or passage of the certification exam, but does get you closer to earning this key credential. You must meet all other PMP requirements, including work experience hours, in order to sit for the exam.
No matter what your goals are, an MBA in Project Management offers key leadership and career skills you can use to be successful as a project manager or business leader. These skills include:
- Communication. Communicate effectively between internal team members, clients and vendors.
- Critical thinking. Know how to ask questions, solve problems and make decisions.
- Leadership. Be an active leader and coach for members of your project team to keep projects running smoothly.
- Organization. Plan and monitor project timelines to keep projects on track.
As an add-on to your degree with minimal additional courses required, MBA students can also pursue a graduate certificate beyond the standard degree program, including a project management graduate certificate. This allows you to list another significant credential on your resume with minimal additional coursework.
Don't have a business background? No problem. Our MBA is accessible to everyone. Interested students must have a conferred undergraduate degree for acceptance, but it can be in any field. Those without an undergraduate degree in business or a related field may be asked to complete up to 2 foundation courses to get started. These foundations cover essential business skill sets and can be used to satisfy elective requirements for the general-track MBA. With foundations, the maximum length of your online MBA would be 36 credits.
Attend full time or part time. Students in the MBA have the option to enroll full time (at 2 classes per term) or part time (with 1 class per term). Full-time students should be able to complete the program in about 1 year, while part-time students could finish in about 2 years. Our SNHU students are busy, often juggling jobs, family and other obligations, so you may want to work with your academic advisor to identify the course plan that works for you. The good news is, you can switch from full time to part time and back again as often as you want.
Tuition & Fees
Tuition rates for SNHU's online degree programs are among the lowest in the nation. We offer a 25% tuition discount for U.S. service members, both full and part time, and the spouses of those on active duty.
| Online Graduate Programs | Per Course | Per Credit Hour | Annual Cost for 15 credits |
|---|---|---|---|
| Degree/Certificates | $1,911 | $637 | $9,555Â |
| Degree/Certificates (U.S. service members, both full and part time, and the spouses of those on active duty)* |
$1,410 | $470 | $7,050Â |
Tuition rates are subject to change and are reviewed annually.
*Note: students receiving this rate are not eligible for additional discounts.
Additional Costs:
Course Materials ($ varies by course). Foundational courses may be required based on your undergraduate course history, which may result in additional cost.
Licensure and Certification Disclosures
SNHU has provided additional information for programs that educationally prepare students for professional licensure or certification. Learn more about what that means for your program on our licensure and certification disclosure page.
The Project Management Professional (PMP) is a registered mark of the Project Management Institute, Inc.
The PMI Authorized Training Partner seal is a mark of the Project Management Institute, Inc.
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