Assessment and Evaluation Flashcards
7 cards from real CP3P practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Assessment and Evaluation flashcards as text
What is the main objective of an ex-post evaluation of a PPP project?
Answer: To assess whether the project delivered the expected outcomes, VfM and lessons for future projects
Ex-post evaluation reviews actual performance against the original objectives to learn lessons and check accountability.
Why should the VfM assessment be updated at several points in the PPP project cycle rather than only once?
Answer: Because new information on costs, risks and market response emerges, and VfM must still hold before commitments are made
Updating VfM at the business case, pre-tender and pre-financial-close stages confirms the PPP remains the best option as information improves.
A government compares the PSC to actual bids received and finds all bids exceed the PSC significantly. What is the most appropriate next step?
Answer: Review the PSC assumptions and project structure, and consider re-scoping, restructuring or traditional procurement
Bids far above the PSC suggest either flawed assumptions or poor VfM, so the authority should re-examine the case before committing.
Key performance indicators (KPIs) in a PPP contract are most useful for evaluation when they are what?
Answer: Specific, measurable and linked to payment mechanisms or deductions
Measurable KPIs tied to the payment mechanism let the authority objectively evaluate and enforce service performance.
In a multi-criteria analysis (MCA) used to compare project options, what is the role of weighting?
Answer: To reflect the relative importance of each criterion in the overall score
Weights express how much each criterion contributes to the overall score, reflecting policy priorities.
Which situation would most likely indicate that a project is NOT well suited for PPP delivery?
Answer: The project is small, has rapidly changing technology requirements, and its outputs are hard to define
Small scale, high transaction costs relative to value, and unclear or rapidly changing outputs weaken the case for PPP.
When the government values the risks it would retain under the PSC, which approach is generally considered most robust?
Answer: Estimating probability-weighted cost impacts using historical data, expert judgment, and techniques like Monte Carlo simulation
Quantifying risks through probability and impact estimates, supported by data and simulation, gives a defensible risk-adjusted PSC.