Exam 2: Organization Strategy and Project Selection

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A ___________ will typically include a list of potential projects, several criteria, weights for those criteria, and criteria scores for those projects.

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Identify and briefly describe the five characteristics of effective objectives.

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Formulating strategy answers the questions who and when the tasks will be performed to reach objectives.

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The most common approach to selecting project has been to use the __________ model.

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The _______ financial model measures the time it will take to recover the project investment.

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The assessment of the external and internal environments is called _______ analysis.

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

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The NPV financial model measures the time it will take to recover the project investment.

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Which of the following would not be classified as an organizational opportunity?

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Strategy formulation includes which of the following activities?

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The problem in many organizations is not with formulating strategies but with implementing the strategies.

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"Politics and project management should not mix." Agree or Disagree and support your position.

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In today's business environment, project managers find it valuable to have a keen understanding of

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Multi-weighted scoring models include only quantitative criteria, not qualitative.

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A weighted scoring model such as _________ typically uses several weighted selection criteria to evaluate project proposals.

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In the Snapshot from Practice, Intel's CEO has concentrated Intel's strategy toward?

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Which of the following is a main reason why project managers need to understand their organization's mission and strategy?

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Capacity overload which inevitably leads to confusion and inefficient use of scarce resources is an __________.

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The first step in the Strategic Management Process is to set long-range goals and objectives.

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

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