Question 1

Objectives should be specific,marketable,assignable,realistic,and time related.

Accepted Answer

A) True 
 B)False

Question 2

Studies have shown that companies using predominantly financial criteria to prioritize projects yield unbalanced portfolios and projects that aren't strategically aligned.

Accepted Answer

A) True 
 B)False

Question 3

The financial model that measures the current value of all cash inflows and outflows using management's minimum desired rate of return is known as the _________ model.

Accepted Answer

net present value (NPV
Explanation: The ...

Question 4

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

Accepted Answer

strengths
Explanation: Example...

Question 5

Which of the following would be classified as an organizational threat?

Accepted Answer

A)   Slowing of the economy
B)   Excellent employees
C)   Poor product quality
D)   Declining facilities
E)   High labor costs

Question 6

Which of the following is true of multiweighted 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

Question 7

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

Accepted Answer

The answer of "Politics and project management should not mix."...

Question 8

Why do project managers need to understand their organization's mission and strategy?

Accepted Answer

A)   To reduce project duration and increase the number of projects implemented
B)   So they can make appropriate decisions and adjustments and be effective project advocates
C)   It is only important for senior management to understand the organization's mission and strategy
D)   To get their job done and increase opportunities for promotion
E)   So that they can make sure the customer is satisfied

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is NOT true about organizational politics?

Accepted Answer

A)   Project managers should not engage in organizational politics
B)   Politics can have a significant influence on which projects receive funding
C)   Politics exist in every organization
D)   Politics can influence project selection
E)   Politics can play a role in the aspirations behind projects

Question 11

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

Accepted Answer

The answer of Why is profitability alone not an adequate...

Question 12

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

Accepted Answer

The answer of What are the two major shortcomings of...

Question 13

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 14

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 15

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

Question 16

Examples of nonfinancial criteria include all of the following EXCEPT

Accepted Answer

A)   Capturing a larger market share.
B)   Reducing dependency on unreliable suppliers.
C)   Preventing government intervention and regulation.
D)   Making it difficult for competitors to enter the market.
E)   Calculating the time it will take to recover the project investment.

Question 17

Which of the following questions does the organization's mission statement answer?

Accepted Answer

A)   What are our long-term strategies?
B)   What are our long-term goals and objectives?
C)   How do we operate in the existing environment?
D)   What do we want to become?
E)   All of these are answered by the mission statement

Question 18

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

Accepted Answer

compliance (must do
Explanatio...

Question 19

Projects are usually classified into all but one of the following categories.Which one is NOT one of the typical classifications?

Accepted Answer

A)   Compliance and emergency
B)   Operational
C)   Strategic
D)   Political necessity
E)   All of these are typical classifications

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 2: Organization Strategy and Project Selection

Objectives should be specific,marketable,assignable,realistic,and time related.

Correct AnswerverifiedShow Answer

The financial model that measures the current value of all cash inflows and outflows using management's minimum desired rate of return is known as the _________ model.

Correct Answerverifiednet present value (NPVExplanation: The ...View AnswerShow Answer

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

Correct Answerverifiedcompliance (must doExplanatio...View AnswerShow Answer

Why do project managers need to understand their organization's mission and strategy?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following questions does the organization's mission statement answer?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedstrengthsExplanation: Example...View AnswerShow Answer

Projects are usually classified into all but one of the following categories.Which one is NOT one of the typical classifications?

Correct AnswerverifiedShow Answer

Which of the following is true of multiweighted scoring models?

Correct AnswerverifiedShow Answer

Which of the following would be classified as an organizational threat?

Correct AnswerverifiedShow Answer

Which of the following is NOT true about organizational politics?

Correct AnswerverifiedShow Answer

Studies have shown that companies using predominantly financial criteria to prioritize projects yield unbalanced portfolios and projects that aren't strategically aligned.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Examples of nonfinancial criteria include all of the following EXCEPT

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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 ____________.

Correct Answerverifiedmission statementExplanation: The missi...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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net present value (NPV
Explanation: The ...
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compliance (must do
Explanatio...
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strengths
Explanation: Example...
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mission statement
Explanation: The missi...
View Answer

Correct Answer
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