Exam 2: Project, program, and Portfolio Selection

Organizations should only pursue projects that have the best financial value.

____ should be formed and continuously updated to help the organization as a whole make better strategic decisions.

In the four-stage planning process for selecting projects,____ is the last step.

Project managers must be sure to check with their organization to find out its guidelines for when discounting starts,what discount rate to use,and what ____ the organization prefers.

Three primary methods for determining the projected financial value of projects include net present value analysis,return on investment,and ____ analysis.

A balanced ____________________ is a methodology that converts an organization's value drivers-such as customer service,innovation,operational efficiency,and financial performance-to a series of defined metrics.

Given discounted benefits of $516,000 and discounted costs of $243,200,your ROI is ____ %.

Studies show that one of the main reasons people quit their jobs is because ____.

You can determine minimum scores or ____________________ for specific criteria in a weighted scoring model.

A program for IT ____________________ projects might include purchasing new hardware,software,and networking equipment,or determining standards for IT.

Payback occurs in the year when the cumulative benefits minus costs reach zero.

A(n)____ scoring model is a tool that provides a systematic process for selecting projects based on many criteria.

You can determine a project's ____________________ by finding what discount rate results in an NPV of zero for the project.

____ is the result of subtracting the project costs from the benefits and then dividing by the costs.

An organization can view project portfolio management as having ____ levels,from simplest to most complex.

____________________ analysis determines how much time will lapse before accrued benefits overtake accrued and continuing costs.

The main goal of programs is to obtain benefits and control not available from managing projects separately.

A(n)____________________ rate is the rate used in discounting future cash flows.

Some core projects can be high risk,have high value,and require good timing.

____ period is the amount of time it will take to recoup-in the form of net cash inflows-the total dollars invested in a project.