7. Choose four of the terms/techniques listed below and for each one: i) Explain the meaning of the term/technique ii) Give two examples of its application.

   ii) Explain some of the practical limitations of which users should be aware with regard to the term/technique.

   a) Post completion audit of project cashflows. b) Benchmarking. c) Target Rate of Return pricing. d) Value added and non value added costs. e) Not yet controlled resources/ already controlled resources. f) Learning curve.

   (5 marks per term/technique)

   Note: only the first four answers provided will be marked. Examiners value the use of your own words. The word limit for each answer is 200 words