Exam 2: Organization Strategy and Project Selection

In classifying the kinds of projects an organization has in its portfolio, ________ projects are typically those needed to meet regulatory conditions required to operate in a region.

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(Short Answer)

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Question 1

Correct Answer:

Verified

compliance (must do
Explanation: Compliance projects are typically those needed to meet regulatory conditions required to operate in a region; hence, they are called "must do" projects.

In classifying the kinds of projects an organization has in its portfolio, ________ projects are typically those needed to support current operations.

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Question 2

Correct Answer:

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operational
Explanation: Operational projects are those that are needed to support current operations.These projects are designed to improve efficiency of delivery systems, reduce product costs, and improve performance.

What are the two major shortcomings of using the Checklist approach to project selection?

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Question 3

Correct Answer:

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1) failure to determine the relative importance of the project to the firm and 2) fails to compare to other potential projects

The two axes of the Project Portfolio Matrix are technical feasibility and commercial potential.

(True/False)

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Question 4

What is the implementation gap and why is it important to project management?

(Essay)

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Question 5

Project ________ are typically high-ranking managers who endorse and lend political support for the completion of a specific project.

(Short Answer)

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Question 6

Generally, people working on several projects at the same time are more efficient than having several people working part-time on the same projects.

(True/False)

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Question 7

Which of the following is the correct order for the strategic management process?

(Multiple Choice)

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Question 8

Which of the following is not true for strategic management?

(Multiple Choice)

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Question 9

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

(True/False)

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Question 10

The assessment of the internal and external environments is known as a ________.

(Short Answer)

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Question 11

Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?

(Multiple Choice)

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Question 12

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

(Multiple Choice)

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Question 13

A major project proposal form will likely include all of the following except:

(Multiple Choice)

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Question 14

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

(True/False)

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Question 15

The term ________ is often used to denote a project that a powerful, high-ranking official is advocating.

(Short Answer)

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Question 16

Apple Computers has been successful in developing a turnaround strategy that has developed new markets and increased market share.This began with strict adherence to the ________.

(Short Answer)

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Question 17

Strategy formulation ends with cascading objectives or projects assigned to lower divisions, departments, or individuals.

(True/False)

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Question 18

Susie's department is implementing many projects.She finds herself starting and stopping work on one task to go and work on another task, and then return to the work on the original task.Susie is experiencing

(Multiple Choice)

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Question 19

What is a SWOT analysis and how does it relate to the Strategic Management Process?

(Essay)

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Question 20

Showing 1 - 20 of 88

In classifying the kinds of projects an organization has in its portfolio, ________ projects are typically those needed to meet regulatory conditions required to operate in a region.

In classifying the kinds of projects an organization has in its portfolio, ________ projects are typically those needed to support current operations.

What are the two major shortcomings of using the Checklist approach to project selection?

The two axes of the Project Portfolio Matrix are technical feasibility and commercial potential.

What is the implementation gap and why is it important to project management?

Project ________ are typically high-ranking managers who endorse and lend political support for the completion of a specific project.

Generally, people working on several projects at the same time are more efficient than having several people working part-time on the same projects.

Which of the following is the correct order for the strategic management process?

Which of the following is not true for strategic management?

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

The assessment of the internal and external environments is known as a ________.

Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?

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

A major project proposal form will likely include all of the following except:

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

The term ________ is often used to denote a project that a powerful, high-ranking official is advocating.

Apple Computers has been successful in developing a turnaround strategy that has developed new markets and increased market share.This began with strict adherence to the ________.

Strategy formulation ends with cascading objectives or projects assigned to lower divisions, departments, or individuals.

Susie's department is implementing many projects.She finds herself starting and stopping work on one task to go and work on another task, and then return to the work on the original task.Susie is experiencing

What is a SWOT analysis and how does it relate to the Strategic Management Process?

Modern Project Management

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Plan

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Leadership: Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

International Projects

Oversight

An Introduction to Agile Project Management

Project Management Career Paths

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