Exam 3: Project Selection and Portfolio Management
Exam 1: Introduction: Why Project Management105 Questions
Exam 2: The Organizational Context: Strategy, structure, and Culture106 Questions
Exam 3: Project Selection and Portfolio Management116 Questions
Exam 4: Leadership and the Project Manager130 Questions
Exam 5: Scope Management116 Questions
Exam 6: Project Team Building, conflict, and Negotiation123 Questions
Exam 7: Risk Management114 Questions
Exam 8: Cost Estimation and Budgeting114 Questions
Exam 9: Project Scheduling: Networks, duration Estimation, and Critical Path118 Questions
Exam 10: Project Scheduling: Lagging, crashing, and Activity Networks110 Questions
Exam 11: Critical Chain Project Scheduling117 Questions
Exam 12: Resource Management93 Questions
Exam 13: Project Evaluation and Control117 Questions
Exam 14: Project Closeout and Termination120 Questions
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The efficient frontier in a profile model is the set of options that offers a maximum return for a given level of risk or a minimum risk for every level of return.
(True/False)
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The ________ screening method may arrive at multiple solutions,which is one reason it is used less widely than the net present value technique.
(Essay)
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The Analytical Hierarchy Process elegantly addresses scaling issues in criteria and negative utility in alternative scores.
(True/False)
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What are three keys to success for project portfolio management? Which is most important?
(Essay)
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Souder's project screening criterion that indicates an effective model must reflect organization objectives,including a firm's strategic goals and mission is called:
(Multiple Choice)
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Which statement about the Analytical Hierarchy Process is FALSE?
(Multiple Choice)
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A principal cause of project portfolio underperformance is lack of ________.
(Essay)
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What criteria might be employed to prioritize projects in a project portfolio? Choose any example project from recent business news and deduce which criteria were most important to the company in question.
(Essay)
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If an organization that currently is managing a vast and well-balanced portfolio of projects decides on a new strategic direction,it will initially face the problem of:
(Multiple Choice)
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Every decision model contains both objective and subjective factors.
(True/False)
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A commercial factor in project selection and screening might be:
(Multiple Choice)
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Numeric project selection models,by their very nature,employ objective values.
(True/False)
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How can a payback period approach be used to evaluate potential projects?
(Essay)
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Souder's model selection criterion that encourages ease of adaptation to changes in tax laws,building codes,among others,is called:
(Multiple Choice)
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The most important thing to remember when using project selection models is to be consistent and objective.
(True/False)
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A simplified scoring model addresses all the weakness of a checklist model for project screening.
(True/False)
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Profile models allow managers to plot ________ options for various alternatives.
(Essay)
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Between projects A and B,project A will be considered a superior financial undertaking if it has:
(Multiple Choice)
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Which statement regarding project selection and screening criteria is best?
(Multiple Choice)
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