Exam 2: Project Selection and Prioritization

Strategic analysis is an important first step in setting strategic direction.

Strategic analysis is often called SWOT - Start With Objectives Template (SWOT).

Strategic analysis is often called Strengths,Weaknesses,Opportunities and Threats (SWOT).

A portfolio is defined as "projects,programs,subportfolios,and operations managed as a group to achieve strategic business objectives" 

When a client company decides to engage an external contractor to perform project work,it must be prepared to submit a proposal and prepare a bid.

Scoring models are most useful when there are multiple projects and several criteria to be considered.

Traditional financial models are most useful when there are multiple projects and several criteria to be considered.

Scoring models are very useful in providing input into the starting order of projects.

Sometimes situations dictate that a project must be chosen regardless of any other considerations such as strategic fit,profitability or probability of success.

Portfolios deal with all of an organization's projects,while programs deal with: 

If an organization does not have the right capabilities,a project that may otherwise support organizational goals may be too difficult to successfully complete.

Which of the following statements correctly describes a weakness associated with the financial project selection model?​ 

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which criterion is most important to the leadership team?​ 

When a contractor seeking external projects prepares to submit a proposal,it is really conducting a small project with the primary deliverable of the project being a compelling and complete proposal.

All of the following statements concerning project portfolios are true EXCEPT:​ 

All of the following factors should be assessed to determine an organization's ability to perform projects EXCEPT:​ 

This document summarizes why the project is important by describing the benefits of a selected component,and is used as a basis for authorizing further project management activities: 

Portfolio management helps an organization achieve its strategic goals in all of the following ways EXCEPT:​ 

All of the following represent appropriate sources to identify new potential projects EXCEPT:​ 

Once the SWOT analysis is complete,the organization's leadership should establish guiding principles such as the vision and mission before setting strategic objectives.