Exam 2: Project, program, and Portfolio Selection

Projects should first and foremost address business ____.

Payback occurs in the year when the cumulative benefits minus costs reach ____.

A SWOT analysis involves the examination of Strengths,Weaknesses,Opportunities,and ____________________.

____________________ is the result of subtracting the project costs from the benefits and then dividing by the costs.

____ are new requirements imposed by government,management,or some external influence.

An organization should consider only projects with a ____ NPV if financial value is a key criterion for project selection.

From the viewpoint of NPV only,if Project 2 has a higher NPV than Project 1,Project 1 should be chosen.

According to the ____ value of money,a dollar today is worth more than a dollar tomorrow.

A positive NPV means the return from a project exceeds the ____ cost of capital-the return available by investing the capital elsewhere.

Grouping related ____________________ into programs helps improve coordination through better communications,planning,management,and control.

The required rate of return is the minimum acceptable rate of return on an investment.

A(n)____________________ is a group of projects managed in a coordinated way to obtain benefits and control not available from managing them individually.

Low- or medium-priority projects that can be finished in less time than high-priority projects should always be completed first.

In practice,organizations usually use a single approach to select projects.

A ____ rate is the rate used in discounting future cash flows.

In portfolio management the "____" task should occur first.

____________________ projects helps you see the big picture,such as how many projects are supporting a growth strategy,how many are helping to increase profit margins,how many relate to marketing,and how many relate to materials.

A weighted scoring model is a tool that provides a systematic process for selecting projects based on many criteria.

____________________ analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time.

An IT project in the ____ category could help transform the business.