Question 1

The financial model that measures the time it will take to recover the project investment is the __________ model.

Accepted Answer

payback
Explanation: The payba

Question 2

Project Priority Systems can resolve

Accepted Answer

A) lack of consensus and understanding among top and middle-managers. 
B) internal political issues. 
C) over-sharing of resources. 
D) all of the above. 
A) lack of consensus and understanding among top and middle-managers. 
B) internal political issues. 
C) over-sharing of resources. 
D) all of the above.

Question 3

Which of the following is NOT a problem associated with the absence of a project portfolio system?

Accepted Answer

A) Organizational politics 
B) Lack of funding 
C) Resource conflicts 
D) Multitasking 
E) Implementation gap 
A) Organizational politics 
B) Lack of funding 
C) Resource conflicts 
D) Multitasking 
E) Implementation gap

Question 4

Why is profitability alone not an adequate measure of a project's value to an organization?

Accepted Answer

Today management is interested in identi

Question 5

__________ the portfolio system involves monitoring and adjusting selection criteria to reflect the strategic focus of the organization.

Accepted Answer

Managing
Explanation: Managing the portf

Question 6

Restricting project proposals within an organization may lead to missed opportunities.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) SWOT 
B) Competitive 
C) Industry 
D) Market 
E) Strategic 
A) SWOT 
B) Competitive 
C) Industry 
D) Market 
E) Strategic

Question 10

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 11

The strategic activity that focuses on what needs to be accomplished is

Accepted Answer

A) review and define the organizational mission. 
B) analyze and formulate strategies. 
C) set objectives to achieve strategy. 
D) implement strategies through projects. 
A) review and define the organizational mission. 
B) analyze and formulate strategies. 
C) set objectives to achieve strategy. 
D) implement strategies through projects.

Question 12

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

Accepted Answer

Projects and politics invariably mix and

Question 13

A proposed project that ranks high on most criteria may not be selected because the organization's portfolio already includes too many projects with the same characteristics.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

strengths
Explanation: Example

Question 15

A project that a powerful, high-ranking official is advocating is often termed a(n)___________.

Accepted Answer

sacred cow
Explanation: Project selectio

Question 16

One benefit of project portfolio management is that it can justify killing a project that doesn't support organization strategy.

Accepted Answer

A) True 
 B)False

Question 17

What the organization wants to become and the scope of the firm in terms of its product or service would be identified in the organization's ____________.

Accepted Answer

mission statement
Explanation: The missi

Question 18

The information gap refers to the lack of understanding and consensus of organization strategy among top and middle-level managers.

Accepted Answer

A) True 
 B)False

Question 19

The advantages of successful project portfolio management systems are becoming well recognized.Briefly describe three.

Accepted Answer

The following are all examples of accept

Question 20

What are the two major shortcomings of using the Checklist approach to select projects?

Accepted Answer

The Checklist approach fails t

The financial model that measures the time it will take to recover the project investment is the __________ model.

Project Priority Systems can resolve

Which of the following is NOT a problem associated with the absence of a project portfolio system?

Why is profitability alone not an adequate measure of a project's value to an organization?

__________ the portfolio system involves monitoring and adjusting selection criteria to reflect the strategic focus of the organization.

Restricting project proposals within an organization may lead to missed opportunities.

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

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

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

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

The strategic activity that focuses on what needs to be accomplished is

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

A proposed project that ranks high on most criteria may not be selected because the organization's portfolio already includes too many projects with the same characteristics.

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

A project that a powerful, high-ranking official is advocating is often termed a(n)___________.

One benefit of project portfolio management is that it can justify killing a project that doesn't support organization strategy.

What the organization wants to become and the scope of the firm in terms of its product or service would be identified in the organization's ____________.

The information gap refers to the lack of understanding and consensus of organization strategy among top and middle-level managers.

The advantages of successful project portfolio management systems are becoming well recognized.Briefly describe three.

What are the two major shortcomings of using the Checklist approach to select projects?

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

Being an Effective Project Manager

Managing Project Team

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

International Projects

An Introduction to Agile Project Management

Filters

Exam 2: Organization Strategy and Project Selection

The financial model that measures the time it will take to recover the project investment is the __________ model.

Project Priority Systems can resolve

Which of the following is NOT a problem associated with the absence of a project portfolio system?

Why is profitability alone not an adequate measure of a project's value to an organization?

__________ the portfolio system involves monitoring and adjusting selection criteria to reflect the strategic focus of the organization.

Restricting project proposals within an organization may lead to missed opportunities.

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

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

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

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

The strategic activity that focuses on what needs to be accomplished is

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

A proposed project that ranks high on most criteria may not be selected because the organization's portfolio already includes too many projects with the same characteristics.

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

A project that a powerful, high-ranking official is advocating is often termed a(n)___________.

One benefit of project portfolio management is that it can justify killing a project that doesn't support organization strategy.

What the organization wants to become and the scope of the firm in terms of its product or service would be identified in the organization's ____________.

The information gap refers to the lack of understanding and consensus of organization strategy among top and middle-level managers.

The advantages of successful project portfolio management systems are becoming well recognized.Briefly describe three.

What are the two major shortcomings of using the Checklist approach to select projects?

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

Being an Effective Project Manager

Managing Project Team

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

International Projects

An Introduction to Agile Project Management

Filters