Question 1

A project selection process that is strongly linked to strategy results in

Accepted Answer

A)  the most profit. 
B)  better utilization of the organization's resources. 
C)  more projects. 
D)  a larger and more diverse organization. 
E)  stronger core competencies. 
A)  the most profit. 
B)  better utilization of the organization's resources. 
C)  more projects. 
D)  a larger and more diverse organization. 
E)  stronger core competencies.

Question 2

High-ranking managers who endorse and lend political support for the completion of a specific project are known as project _________.

Accepted Answer

A)  managers 
B)  leaders 
C)  politicians 
D)  sponsors 
E)  executives 
A)  managers 
B)  leaders 
C)  politicians 
D)  sponsors 
E)  executives

Question 3

One who endorses and lends political support for the completion of a specific project is known as the

Accepted Answer

A)  Project manager. 
B)  CEO. 
C)  Project sponsor. 
D)  Project lead. 
E)  Sacred cow. 
A)  Project manager. 
B)  CEO. 
C)  Project sponsor. 
D)  Project lead. 
E)  Sacred cow.

Question 4

In a SWOT analysis, strong competition, reduced product demand, and a maturing product life cycle are examples of external __________.

Accepted Answer

A)  weaknesses 
B)  opportunities 
C)  threats 
D)  targets 
E)  strengths 
A)  weaknesses 
B)  opportunities 
C)  threats 
D)  targets 
E)  strengths

Question 5

Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is

Accepted Answer

A)  how the project will balance risk within the project portfolio. 
B)  the project's fit to the organization strategy. 
C)  compliance. 
D)  nonfinancial. 
E)  profit. 
A)  how the project will balance risk within the project portfolio. 
B)  the project's fit to the organization strategy. 
C)  compliance. 
D)  nonfinancial. 
E)  profit.

Question 6

In a SWOT analysis, good product quality, low debt, and an established supplier network are examples of internal ________.

Accepted Answer

A)  weaknesses 
B)  opportunities 
C)  threats 
D)  targets 
E)  strengths 
A)  weaknesses 
B)  opportunities 
C)  threats 
D)  targets 
E)  strengths

Question 7

The first part of the management system that spans the lifetime of the project is called the ____.

Accepted Answer

A)  project selection process 
B)  project exit process 
C)  project phase exit 
D)  project kill process 
E)  project gate process 
A)  project selection process 
B)  project exit process 
C)  project phase exit 
D)  project kill process 
E)  project gate process

Question 8

Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.

Accepted Answer

A) True 
 B)False

Question 9

A written mission statement provides focus for decision making when shared by organizational managers and employees.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is true of multi-weighted scoring models?

Accepted Answer

A)  Will include quantitative criteria. 
B)  Will include qualitative criteria. 
C)  Each criterion is assigned a weight. 
D)  Projects with higher scores are considered more desirable. 
E)  All of these are true. 
A)  Will include quantitative criteria. 
B)  Will include qualitative criteria. 
C)  Each criterion is assigned a weight. 
D)  Projects with higher scores are considered more desirable. 
E)  All of these are true.

Question 11

In order to formulate strategies that align with the mission, some of the activities the organization will need to perform are

Accepted Answer

A)  assess internal strengths and weaknesses. 
B)  analyze competitors. 
C)  examine the external environment. 
D)  know their core competencies. 
E)  All of these should be considered when formulating strategies. 
A)  assess internal strengths and weaknesses. 
B)  analyze competitors. 
C)  examine the external environment. 
D)  know their core competencies. 
E)  All of these should be considered when formulating strategies.

Question 12

Project selection criteria are typically classified as

Accepted Answer

A)  financial and nonfinancial. 
B)  short-term and long-term. 
C)  strategic and tactical. 
D)  required and optional. 
E)  cost and schedule. 
A)  financial and nonfinancial. 
B)  short-term and long-term. 
C)  strategic and tactical. 
D)  required and optional. 
E)  cost and schedule.

Question 13

Which of the following is NOT one of the traditional components found in mission statements?

Accepted Answer

A)  Major products and services 
B)  Profitability 
C)  Target customers and markets 
D)  Geographic domain 
E)  Contribution to society 
A)  Major products and services 
B)  Profitability 
C)  Target customers and markets 
D)  Geographic domain 
E)  Contribution to society

Question 14

Project proposals are employed when _____and are used to make ______decisions.

Accepted Answer

A)  a project idea is considered worthwhile, project selection 
B)  a project concept fails to get acceptance, project cost estimation 
C)  a high-level organization official wishes to submit a proposal, project scheduling 
D)  a project concept fails to gain acceptance, project cost and scheduling 
E)  a high-level organization official wishes to submit a proposal, project cost and scheduling 
A)  a project idea is considered worthwhile, project selection 
B)  a project concept fails to get acceptance, project cost estimation 
C)  a high-level organization official wishes to submit a proposal, project scheduling 
D)  a project concept fails to gain acceptance, project cost and scheduling 
E)  a high-level organization official wishes to submit a proposal, project cost and scheduling

Question 15

Generally, people working on several projects at the same time are more efficient than people working full-time on one project.

Accepted Answer

A) True 
 B)False

Question 16

How strategies will be realized, given available resources, is answered through __________.

Accepted Answer

A)  projects 
B)  resource allocation 
C)  implementation 
D)  frameworks 
E)  strategy formulation 
A)  projects 
B)  resource allocation 
C)  implementation 
D)  frameworks 
E)  strategy formulation

Question 17

One way to offset the influence of politics on project management within an organization is to have a well-defined project selection model.

Accepted Answer

A) True 
 B)False

Question 18

Organizational objectives set targets for all levels of the organization not just for top management.

Accepted Answer

A) True 
 B)False

Question 19

________ translate the organization's strategy into specific, concrete, and measurable terms.

Accepted Answer

A)  Vision statements 
B)  Mission statements 
C)  Lessons learned 
D)  Goals 
E)  Objectives 
A)  Vision statements 
B)  Mission statements 
C)  Lessons learned 
D)  Goals 
E)  Objectives

Question 20

Which of the following is NOT one of the characteristics of effective objectives?

Accepted Answer

A)  Realistic 
B)  Assignable 
C)  Flexible 
D)  Specific 
E)  Measurable 
A)  Realistic 
B)  Assignable 
C)  Flexible 
D)  Specific 
E)  Measurable

A project selection process that is strongly linked to strategy results in

High-ranking managers who endorse and lend political support for the completion of a specific project are known as project _________.

One who endorses and lends political support for the completion of a specific project is known as the

In a SWOT analysis, strong competition, reduced product demand, and a maturing product life cycle are examples of external __________.

Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is

In a SWOT analysis, good product quality, low debt, and an established supplier network are examples of internal ________.

The first part of the management system that spans the lifetime of the project is called the ____.

Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.

A written mission statement provides focus for decision making when shared by organizational managers and employees.

Which of the following is true of multi-weighted scoring models?

In order to formulate strategies that align with the mission, some of the activities the organization will need to perform are

Project selection criteria are typically classified as

Which of the following is NOT one of the traditional components found in mission statements?

Project proposals are employed when _and are used to make __decisions.

Generally, people working on several projects at the same time are more efficient than people working full-time on one project.

How strategies will be realized, given available resources, is answered through __________.

One way to offset the influence of politics on project management within an organization is to have a well-defined project selection model.

Organizational objectives set targets for all levels of the organization not just for top management.

________ translate the organization's strategy into specific, concrete, and measurable terms.

Which of the following is NOT one of the characteristics of effective objectives?

Modern Project Management

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Schedule

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

Agile Project Management

International Projects

Filters

Exam 2: Organization Strategy and Project Selection

A project selection process that is strongly linked to strategy results in

High-ranking managers who endorse and lend political support for the completion of a specific project are known as project _________.

One who endorses and lends political support for the completion of a specific project is known as the

In a SWOT analysis, strong competition, reduced product demand, and a maturing product life cycle are examples of external __________.

Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is

In a SWOT analysis, good product quality, low debt, and an established supplier network are examples of internal ________.

The first part of the management system that spans the lifetime of the project is called the ____.

Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.

A written mission statement provides focus for decision making when shared by organizational managers and employees.

Which of the following is true of multi-weighted scoring models?

In order to formulate strategies that align with the mission, some of the activities the organization will need to perform are

Project selection criteria are typically classified as

Which of the following is NOT one of the traditional components found in mission statements?

Project proposals are employed when _____and are used to make ______decisions.

Generally, people working on several projects at the same time are more efficient than people working full-time on one project.

How strategies will be realized, given available resources, is answered through __________.

One way to offset the influence of politics on project management within an organization is to have a well-defined project selection model.

Organizational objectives set targets for all levels of the organization not just for top management.

________ translate the organization's strategy into specific, concrete, and measurable terms.

Which of the following is NOT one of the characteristics of effective objectives?

Modern Project Management

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Schedule

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

Agile Project Management

International Projects

Filters

Project proposals are employed when _and are used to make __decisions.