Exam 2: Project Selection and Prioritization

Describe the advantages and limitations of financial models in project selection.

All of the following represent appropriate sources to identify new potential projects EXCEPT:

All of the following statements concerning project portfolios are true EXCEPT:

Managers performing project portfolio alignment will do all of the following EXCEPT:

Which of the following statements correctly describes a strength associated with the financial project selection model?

Traditional financial models are most useful when there are multiple projects and several criteria to consider.

All of the following organizations can effectively use a scoring model to select and prioritize competing projects EXCEPT:

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which project has the highest probability of success?

Strategic analysis is an important first step in setting strategic direction.

Projects tend to be the primary method for implementing many objectives.

Many writers have stated that effective objectives should be:

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which project is least attractive based on the risk criterion?

Payback period models do not consider the amount of profit that may be realized after the costs are paid.

The prioritization of projects in a portfolio should consider whether the demands of performing each project are clearly understood.

The organization's leadership should establish guiding principles such as the vision and mission for an organization before developing the strategic objectives.

Portfolio alignment helps an organization achieve its goals in all the following ways EXCEPT:

Portfolio alignment includes identification,selection and prioritization of projects in a portfolio.

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?

Describe the advantages and limitations of scoring models in project selection.

Figure 2-1 Project Selection and Prioritization Matrix -Consider the information provided in Figure 2-1. Based on the results in the project selection and prioritization matrix,which project would you select if you were limited to selecting only one project?