Question 1

When a prioritization team is balancing projects, they consider all factors except for

Accepted Answer

A)  Risk. 
B)  Resource demand. 
C)  Leadership style. 
D)  Type of project. 
E)  All of these alternatives are correct. 
A)  Risk. 
B)  Resource demand. 
C)  Leadership style. 
D)  Type of project. 
E)  All of these alternatives are correct. C

Question 2

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

Accepted Answer

A)  Bread-and-butter project 
B)  Sacred cow 
C)  Pearl 
D)  Oyster 
E)  White elephant 
A)  Bread-and-butter project 
B)  Sacred cow 
C)  Pearl 
D)  Oyster 
E)  White elephant B

Question 3

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  True

Question 4

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

A)  Strategic 
B)  Conformance 
C)  Compliance (must do) 
D)  Operational 
E)  Sacred cow 
A)  Strategic 
B)  Conformance 
C)  Compliance (must do) 
D)  Operational 
E)  Sacred cow

Question 5

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 6

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

Accepted Answer

The Checklist approach fails t

Question 7

Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?

Accepted Answer

A)  Sacred cow 
B)  Pet project 
C)  Political necessity 
D)  Special undertaking 
E)  Strategic ploy 
A)  Sacred cow 
B)  Pet project 
C)  Political necessity 
D)  Special undertaking 
E)  Strategic ploy

Question 8

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals. An example of this would be a(n) ____________.

Accepted Answer

A)  project screening matrix 
B)  selection criterion 
C)  weighted score 
D)  score multiplication 
E)  project proposal 
A)  project screening matrix 
B)  selection criterion 
C)  weighted score 
D)  score multiplication 
E)  project proposal

Question 9

Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows.

Accepted Answer

A) True 
 B)False

Question 10

Project managers should not engage in organizational politics.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is NOT true for strategic management?

Accepted Answer

A)  It should be done once every few years just before developing the operating plan. 
B)  It supports consistency of action at every level of the organization. 
C)  It develops an integrated and coordinated long-term plan of action. 
D)  It positions the firm to meet the needs of its customers. 
E)  It involves responding to changes in the external market and allocating scarce resources to improve a competitive position. 
A)  It should be done once every few years just before developing the operating plan. 
B)  It supports consistency of action at every level of the organization. 
C)  It develops an integrated and coordinated long-term plan of action. 
D)  It positions the firm to meet the needs of its customers. 
E)  It involves responding to changes in the external market and allocating scarce resources to improve a competitive position.

Question 13

In classifying the kinds of projects an organization has in its portfolio, projects that are typically needed to support current operations are _________ projects.

Accepted Answer

A)  Strategic 
B)  Conformance 
C)  Compliance (must do) 
D)  Operational 
E)  Sacred cow 
A)  Strategic 
B)  Conformance 
C)  Compliance (must do) 
D)  Operational 
E)  Sacred cow

Question 14

Strategy is implemented through ________.

Accepted Answer

A)  portfolios 
B)  products 
C)  projects 
D)  policies 
E)  people 
A)  portfolios 
B)  products 
C)  projects 
D)  policies 
E)  people

Question 15

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. 
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 16

Intermittent and infrequent scanning of the external environment is required when managing organization strategy.

Accepted Answer

A) True 
 B)False

Question 17

An operational project is one that

Accepted Answer

A)  must be completed. 
B)  supports an organizations' long-run mission. 
C)  can improve organizational performance. 
D)  is completed to meet regulatory compliance. 
E)  always is extremely relevant to the strategic vision of the organization. 
A)  must be completed. 
B)  supports an organizations' long-run mission. 
C)  can improve organizational performance. 
D)  is completed to meet regulatory compliance. 
E)  always is extremely relevant to the strategic vision of the organization.

Question 18

Starting and stopping work on one task to go and work on another project, and then returning to work on the original task is known as ___________.

Accepted Answer

A)  multitasking 
B)  concurrency 
C)  parallelism 
D)  start-and-stop 
E)  confusion 
A)  multitasking 
B)  concurrency 
C)  parallelism 
D)  start-and-stop 
E)  confusion

Question 19

All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT

Accepted Answer

A)  frequent conflicts between managers. 
B)  inadequate resources. 
C)  confused employees regarding which projects are more important. 
D)  not enough projects within the portfolio to make a profit. 
E)  people are working on multiple projects and feel inefficient. 
A)  frequent conflicts between managers. 
B)  inadequate resources. 
C)  confused employees regarding which projects are more important. 
D)  not enough projects within the portfolio to make a profit. 
E)  people are working on multiple projects and feel inefficient.

Question 20

Identify and briefly describe the five characteristics of effective objectives.

Accepted Answer

The answer of Identify and briefly describe the five characteristics...

When a prioritization team is balancing projects, they consider all factors except for

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.

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.

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

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

Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals. An example of this would be a(n) ____________.

Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows.

Project managers should not engage in organizational politics.

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

Which of the following is NOT true for strategic management?

In classifying the kinds of projects an organization has in its portfolio, projects that are typically needed to support current operations are _________ projects.

Strategy is implemented through ________.

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

Intermittent and infrequent scanning of the external environment is required when managing organization strategy.

An operational project is one that

Starting and stopping work on one task to go and work on another project, and then returning to work on the original task is known as ___________.

All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT

Identify and briefly describe the five characteristics of effective objectives.

Modern Project Management

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Schedule

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

Agile Project Management

International Projects

Filters

Exam 2: Organization Strategy and Project Selection

When a prioritization team is balancing projects, they consider all factors except for

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.

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.

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

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

Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals. An example of this would be a(n) ____________.

Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows.

Project managers should not engage in organizational politics.

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

Which of the following is NOT true for strategic management?

In classifying the kinds of projects an organization has in its portfolio, projects that are typically needed to support current operations are _________ projects.

Strategy is implemented through ________.

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

Intermittent and infrequent scanning of the external environment is required when managing organization strategy.

An operational project is one that

Starting and stopping work on one task to go and work on another project, and then returning to work on the original task is known as ___________.

All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT

Identify and briefly describe the five characteristics of effective objectives.

Modern Project Management

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Schedule

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

Agile Project Management

International Projects

Filters