Question 1

Projects tend to be the primary method for implementing many objectives.

Accepted Answer

A) True 
 B)False

Question 2

________ between a client company and a contractor company should aim at a win-win solution,and the outcome must benefit both the parties involved.​

Accepted Answer

A)  selections 
B)  meetings 
C)  conflicts 
D)  negotiations 
A)  selections 
B)  meetings 
C)  conflicts 
D)  negotiations

Question 3

The organization's leadership should establish the flow-down objectives to set the stage for establishing the guiding principles such as the vision and mission.

Accepted Answer

A) True 
 B)False

Question 4

The degree of formality used in selecting projects varies widely across organizations.

Accepted Answer

A) True 
 B)False

Question 5

Project scoring models are very useful in providing performance data that can be used to terminate a project.

Accepted Answer

A) True 
 B)False

Question 6

All of the following factors influence the opportunities and threats an organization must consider when performing a strategic analysis EXCEPT:​

Accepted Answer

A)  competitors 
B)  suppliers 
C)  regulatory agencies 
D)  employees 
A)  competitors 
B)  suppliers 
C)  regulatory agencies 
D)  employees

Question 7

A clear and compelling vision will have all the following characteristics EXCEPT:​

Accepted Answer

A)  often requires extra effort to achieve. 
B)  often requires several years to achieve. 
C)  provides detailed roadmap for managing a project 
D)  helps all stakeholders understand the direction of the organization 
A)  often requires extra effort to achieve. 
B)  often requires several years to achieve. 
C)  provides detailed roadmap for managing a project 
D)  helps all stakeholders understand the direction of the organization

Question 8

A business case is a brief narrative description of products,services,or results to be supplied by the project.

Accepted Answer

A) True 
 B)False

Question 9

Describe the relationship between the strategic planning process and portfolio management in an organization.

Accepted Answer

Key concepts to be covered in the respon

Question 10

Once selected projects have been prioritized,it is time to assign resources to each.Resources could include all of the following EXCEPT:

Accepted Answer

A)  subject matter experts 
B)  equipment 
C)  quality metrics 
D)  funds 
A)  subject matter experts 
B)  equipment 
C)  quality metrics 
D)  funds

Question 11

Describe the advantages and limitations of financial models in project selection.

Accepted Answer

Key concepts to be covered in the respon

Question 12

Which of the following is NOT a typical source selection criterion that an organization would use to evaluate potential contractors?

Accepted Answer

A)  life cycle cost 
B)  references 
C)  personalities 
D)  technical approach 
A)  life cycle cost 
B)  references 
C)  personalities 
D)  technical approach

Question 13

None of the financial project selection models ensure alignment of the project with an organization's strategic goals.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following statements concerning strategic analysis is true?

Accepted Answer

A)  Strategic analysis focuses exclusively upon external analysis. 
B)  External analysis focuses on the strengths and weaknesses of the organization. 
C)  Internal analysis focuses on the threats and opportunities facing the organization. 
D)  External analysis focuses on the threats and opportunities facing the organization. 
A)  Strategic analysis focuses exclusively upon external analysis. 
B)  External analysis focuses on the strengths and weaknesses of the organization. 
C)  Internal analysis focuses on the threats and opportunities facing the organization. 
D)  External analysis focuses on the threats and opportunities facing the organization.

Question 15

Which of the following responses most accurately depicts the correct sequence of activities in the strategic planning process?

Accepted Answer

A)  strategic objectives - strategic analysis - guiding principles - flow-down objectives 
B)  guiding principles - strategic analysis - strategic objectives - flow-down objectives 
C)  strategic analysis - guiding principles - strategic objectives - flow-down objectives 
D)  guiding principles - strategic objectives - flow-down objectives - strategic analysis 
A)  strategic objectives - strategic analysis - guiding principles - flow-down objectives 
B)  guiding principles - strategic analysis - strategic objectives - flow-down objectives 
C)  strategic analysis - guiding principles - strategic objectives - flow-down objectives 
D)  guiding principles - strategic objectives - flow-down objectives - strategic analysis

Question 16

The internal part of strategic analysis (elements within the project team's control)consists of asking what opportunities and threats are posed by competitors,suppliers,customers,regulatory agencies,technologies and so on.

Accepted Answer

A) True 
 B)False

Question 17

Strategic objectives are the means of achieving the mission and vision,and should provide focus on decisions regarding which projects to select and how to prioritize them.

Accepted Answer

A) True 
 B)False

Question 18

In addition to considering financial factors,organizations often identify project selection criteria to determine how well each potential project fits with the organization's strategic planning.

Accepted Answer

A) True 
 B)False

Question 19

All of the following criteria serve as a valid basis for identifying potential projects in most organizations EXCEPT:​

Accepted Answer

A)  social need 
B)  environmental consideration 
C)  technological advance 
D)  internal politics 
A)  social need 
B)  environmental consideration 
C)  technological advance 
D)  internal politics

Question 20

Figure 2-1 Project Selection and Prioritization Matrix
-Based on the information provided in Figure 2-1,which project is LEAST attractive based on new products?​

Accepted Answer

A)  Project A 
B)  Project B 
C)  Project C 
D)  Project D 
A)  Project A 
B)  Project B 
C)  Project C 
D)  Project D

Projects tend to be the primary method for implementing many objectives.

________ between a client company and a contractor company should aim at a win-win solution,and the outcome must benefit both the parties involved.

The organization's leadership should establish the flow-down objectives to set the stage for establishing the guiding principles such as the vision and mission.

The degree of formality used in selecting projects varies widely across organizations.

Project scoring models are very useful in providing performance data that can be used to terminate a project.

All of the following factors influence the opportunities and threats an organization must consider when performing a strategic analysis EXCEPT:

A clear and compelling vision will have all the following characteristics EXCEPT:

A business case is a brief narrative description of products,services,or results to be supplied by the project.

Describe the relationship between the strategic planning process and portfolio management in an organization.

Once selected projects have been prioritized,it is time to assign resources to each.Resources could include all of the following EXCEPT:

Describe the advantages and limitations of financial models in project selection.

Which of the following is NOT a typical source selection criterion that an organization would use to evaluate potential contractors?

None of the financial project selection models ensure alignment of the project with an organization's strategic goals.

Which of the following statements concerning strategic analysis is true?

Which of the following responses most accurately depicts the correct sequence of activities in the strategic planning process?

The internal part of strategic analysis (elements within the project team's control)consists of asking what opportunities and threats are posed by competitors,suppliers,customers,regulatory agencies,technologies and so on.

Strategic objectives are the means of achieving the mission and vision,and should provide focus on decisions regarding which projects to select and how to prioritize them.

In addition to considering financial factors,organizations often identify project selection criteria to determine how well each potential project fits with the organization's strategic planning.

All of the following criteria serve as a valid basis for identifying potential projects in most organizations EXCEPT:

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which project is LEAST attractive based on new products?

Introduction to Project Management

Chartering Projects

Organizational Capability: Structure, Culture and Roles

Leading and Managing Project Teams

Stakeholder Analysis and Communication Planning

Scope Planning

Scheduling Projects

Resourcing Projects

Budgeting Projects

Project Risk Planning

Project Quality Planning and Project Kick-Off

Project Supply Chain Management

Determining Project Progress and Results

Finishing the Project and Realizing the Benefits

Filters

Exam 2: Project Selection and Prioritization

Projects tend to be the primary method for implementing many objectives.

________ between a client company and a contractor company should aim at a win-win solution,and the outcome must benefit both the parties involved.​

The organization's leadership should establish the flow-down objectives to set the stage for establishing the guiding principles such as the vision and mission.

The degree of formality used in selecting projects varies widely across organizations.

Project scoring models are very useful in providing performance data that can be used to terminate a project.

All of the following factors influence the opportunities and threats an organization must consider when performing a strategic analysis EXCEPT:​

A clear and compelling vision will have all the following characteristics EXCEPT:​

A business case is a brief narrative description of products,services,or results to be supplied by the project.

Describe the relationship between the strategic planning process and portfolio management in an organization.

Once selected projects have been prioritized,it is time to assign resources to each.Resources could include all of the following EXCEPT:

Describe the advantages and limitations of financial models in project selection.

Which of the following is NOT a typical source selection criterion that an organization would use to evaluate potential contractors?

None of the financial project selection models ensure alignment of the project with an organization's strategic goals.

Which of the following statements concerning strategic analysis is true?

Which of the following responses most accurately depicts the correct sequence of activities in the strategic planning process?

The internal part of strategic analysis (elements within the project team's control)consists of asking what opportunities and threats are posed by competitors,suppliers,customers,regulatory agencies,technologies and so on.

Strategic objectives are the means of achieving the mission and vision,and should provide focus on decisions regarding which projects to select and how to prioritize them.

In addition to considering financial factors,organizations often identify project selection criteria to determine how well each potential project fits with the organization's strategic planning.

All of the following criteria serve as a valid basis for identifying potential projects in most organizations EXCEPT:​

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which project is LEAST attractive based on new products?​

Introduction to Project Management

Chartering Projects

Organizational Capability: Structure, Culture and Roles

Leading and Managing Project Teams

Stakeholder Analysis and Communication Planning

Scope Planning

Scheduling Projects

Resourcing Projects

Budgeting Projects

Project Risk Planning

Project Quality Planning and Project Kick-Off

Project Supply Chain Management

Determining Project Progress and Results

Finishing the Project and Realizing the Benefits

Filters

________ between a client company and a contractor company should aim at a win-win solution,and the outcome must benefit both the parties involved.

All of the following factors influence the opportunities and threats an organization must consider when performing a strategic analysis EXCEPT:

A clear and compelling vision will have all the following characteristics EXCEPT:

All of the following criteria serve as a valid basis for identifying potential projects in most organizations EXCEPT:

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which project is LEAST attractive based on new products?