Question 1

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

Question 2

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

Accepted Answer

A)  break through 
B)  recovery 
C)  threshold 
D)  investment 
E)  payback 
A)  break through 
B)  recovery 
C)  threshold 
D)  investment 
E)  payback

Question 3

A project screening matrix typically contains all of the following EXCEPT

Accepted Answer

A)  the list of available projects. 
B)  specific criteria. 
C)  weights assigned to specific criteria. 
D)  costs to complete each project. 
E)  All of these are typically contained. 
A)  the list of available projects. 
B)  specific criteria. 
C)  weights assigned to specific criteria. 
D)  costs to complete each project. 
E)  All of these are typically contained.

Question 4

Jack's organization has many projects ongoing concurrently. He finds himself starting and stopping work on one task to go and work on another task, and then return to the work on the original task. Jack is experiencing

Accepted Answer

A)  poor scheduling. 
B)  excess work burden. 
C)  flexible tasking. 
D)  multitasking. 
E)  burnout. 
A)  poor scheduling. 
B)  excess work burden. 
C)  flexible tasking. 
D)  multitasking. 
E)  burnout.

Question 5

Why do project managers need to understand strategy?

Accepted Answer

Project managers need to under

Question 6

Which of the following problems refers to lack of understanding and consensus of organization strategy among top and middle-level managers? This also can result when top management formulates strategy and leaves implementation to functional managers.

Accepted Answer

A)  Multitasking 
B)  Organization politics 
C)  Implementation gap 
D)  Resource conflicts 
E)  Employee turnover 
A)  Multitasking 
B)  Organization politics 
C)  Implementation gap 
D)  Resource conflicts 
E)  Employee turnover

Question 7

The typical Strategic Management Process includes four activities. Identify and briefly describe each of those four activities.

Accepted Answer

Implement

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

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

Question 10

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. 
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 11

Which of the following is NOT true when managing a portfolio system?

Accepted Answer

A)  The qualities of a particular project are assessed within the context of existing projects. 
B)  It does not require a constant effort. 
C)  Within a small organization it can be managed by a small group of key employees. 
D)  It requires input from senior management. 
E)  It involves monitoring and adjusting criteria to reflect the strategic focus of the organization. 
A)  The qualities of a particular project are assessed within the context of existing projects. 
B)  It does not require a constant effort. 
C)  Within a small organization it can be managed by a small group of key employees. 
D)  It requires input from senior management. 
E)  It involves monitoring and adjusting criteria to reflect the strategic focus of the organization.

Question 12

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 13

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 
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 14

Opportunities and threats can be viewed as flip sides of each other; that is, a threat can be viewed as an opportunity, and vice versa.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Identify and briefly discuss the three classes of projects usually found in an organization's project portfolio.

Accepted Answer

The answer of Identify and briefly discuss the three classes...

Question 17

A SWOT analysis provides the Project Manager with

Accepted Answer

A)  a direct linkage to goals. 
B)  an identifiable strategic alternative. 
C)  potential critical issues facing the organization. 
D)  an identifiable strategic alternative and potential critical issues facing the organization. 
E)  a direct linkage to goals and an identifiable strategic alternative. 
A)  a direct linkage to goals. 
B)  an identifiable strategic alternative. 
C)  potential critical issues facing the organization. 
D)  an identifiable strategic alternative and potential critical issues facing the organization. 
E)  a direct linkage to goals and an identifiable strategic alternative.

Question 18

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

Accepted Answer

A)  review and define the organizational mission. 
B)  reflection and inquiry into the organization's history of past projects. 
C)  analyze and formulate strategies. 
D)  set objectives to achieve strategy. 
E)  implement strategies through projects. 
A)  review and define the organizational mission. 
B)  reflection and inquiry into the organization's history of past projects. 
C)  analyze and formulate strategies. 
D)  set objectives to achieve strategy. 
E)  implement strategies through projects.

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is NOT one of the requirements for successful implementation of strategies through projects?

Accepted Answer

A)  Allocation of resources 
B)  Prioritizing of projects 
C)  Motivation of project contributors 
D)  Adequate planning and control systems 
E)  Quality management 
A)  Allocation of resources 
B)  Prioritizing of projects 
C)  Motivation of project contributors 
D)  Adequate planning and control systems 
E)  Quality management

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

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

A project screening matrix typically contains all of the following EXCEPT

Jack's organization has many projects ongoing concurrently. He finds himself starting and stopping work on one task to go and work on another task, and then return to the work on the original task. Jack is experiencing

Why do project managers need to understand strategy?

Which of the following problems refers to lack of understanding and consensus of organization strategy among top and middle-level managers? This also can result when top management formulates strategy and leaves implementation to functional managers.

The typical Strategic Management Process includes four activities. Identify and briefly describe each of those four activities.

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

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

Examples of nonfinancial criteria include all of the following EXCEPT

Which of the following is NOT true when managing a portfolio system?

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

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

Opportunities and threats can be viewed as flip sides of each other; that is, a threat can be viewed as an opportunity, and vice versa.

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

Identify and briefly discuss the three classes of projects usually found in an organization's project portfolio.

A SWOT analysis provides the Project Manager with

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

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

Which of the following is NOT one of the requirements for successful implementation of strategies through projects?

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

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

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

A project screening matrix typically contains all of the following EXCEPT

Jack's organization has many projects ongoing concurrently. He finds himself starting and stopping work on one task to go and work on another task, and then return to the work on the original task. Jack is experiencing

Why do project managers need to understand strategy?

Which of the following problems refers to lack of understanding and consensus of organization strategy among top and middle-level managers? This also can result when top management formulates strategy and leaves implementation to functional managers.

The typical Strategic Management Process includes four activities. Identify and briefly describe each of those four activities.

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

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

Examples of nonfinancial criteria include all of the following EXCEPT

Which of the following is NOT true when managing a portfolio system?

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

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

Opportunities and threats can be viewed as flip sides of each other; that is, a threat can be viewed as an opportunity, and vice versa.

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

Identify and briefly discuss the three classes of projects usually found in an organization's project portfolio.

A SWOT analysis provides the Project Manager with

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

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

Which of the following is NOT one of the requirements for successful implementation of strategies through projects?

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