Exam 2: Project, program, and Portfolio Selection

Organizations need to narrow down the list of potential projects to those projects that will be most beneficial.

The annual discount ____________________ is a multiplier for each year that is based on the discount rate and year.

Projects with higher NPVs are preferred to projects with lower NPVs if all other factors are equal.

When using the hierarchical four-stage planning process for selecting projects,you must start at the bottom of the pyramid.

NPV analysis is a method for making equal ____________________ between cash flow for multiyear projects.

Project portfolio management focuses on ____________________ issues while individual projects often focus on tactical issues.

____________________ planning involves determining long-term objectives by analyzing the strengths and weaknesses of an organization,studying opportunities and threats in the business environment,predicting future trends,and projecting the need for new products and services.

The core category of IT projects labeled as ____________________ costs must be funded for a company to stay in business.

The goal of ____ portfolio management is clear: to help maximize business value to ensure enterprise success.

One method for selecting projects based on broad organizational needs is to first determine whether they meet three important criteria: need,____,and will.

A construction firm using ____________________ of scale can purchase materials,obtain services,and hire workers for less money if it is managing the construction of 100 houses instead of just one house.

If you create the weighted scoring model in a spreadsheet,you can enter the data,create and copy formulas,and perform a "____" analysis.

Most crucial projects,such as drug development or major transportation projects,will achieve payback in less than a year.

After deciding which projects to pursue,organizations need to decide if it is advantageous to manage several projects together as part of a(n)____.

Describe how problems,opportunities,and directives can drive the project selection process.

Projects that address competitive ____ are much more likely to be successful because they will be important to the organization's competitive position.

If you assign weights to criteria based on percentage,the sum of all the criteria's weights must total 100 percent.

When creating a weighted scoring model,how do you identify criteria important to the project selection process?

Describe how coordinating housing projects within one program can lead to saving time and increasing authority.

It is important for organizations to develop a fair,consistent,and logical process for selecting projects,programs,and ____________________.