Question 1

To accomplish portfolio management,executives need to identify,select,prioritize,resource and govern an appropriate portfolio of projects and other work.

Accepted Answer

A) True 
 B)False

Question 2

The vision statement should present a positive,inspiring and vivid description of the organization as it currently exists.

Accepted Answer

A) True 
 B)False

Question 3

Strategic objectives describe both short- and long-term results that are desired,along with measures to determine their achievement.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?​

Accepted Answer

A)  These methods are often used together to ensure financial and non-financial factors are both considered. 
B)  Financial methods are preferred because they ensure alignment with the organization's strategic goals. 
C)  Scoring models are unreliable because they fail to consider financial factors. 
D)  One of these techniques is typically used to the exclusion of the other, due to time demands. 
A)  These methods are often used together to ensure financial and non-financial factors are both considered. 
B)  Financial methods are preferred because they ensure alignment with the organization's strategic goals. 
C)  Scoring models are unreliable because they fail to consider financial factors. 
D)  One of these techniques is typically used to the exclusion of the other, due to time demands.

Question 5

A project portfolio is a useful storage medium that enables the project manager to consolidate all project information in a single,convenient location.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

Key concepts to be covered in the respon

Question 7

Payback period models do not consider the amount of profit that may be generated after the costs are paid.

Accepted Answer

A) True 
 B)False

Question 8

Figure 2-1 Project Selection and Prioritization Matrix
-Based on the information provided in Figure 2-1,which project has the highest probability of success?​

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

Question 9

Because the specific projects within them are of limited duration,programs themselves are temporary.

Accepted Answer

A) True 
 B)False

Question 10

Figure 2-1 Project Selection and Prioritization Matrix
-Consider the information provided in Figure 2-1.Based on the results in the project selection and prioritization matrix,which project would you select if you were limited to selecting only one project?​

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

Question 11

Many writers have stated that for strategic objectives to be effective,they should be:​

Accepted Answer

A)  broad - to cover many dimensions of the business 
B)  measurable - to track progress 
C)  unachievable - to inspire maximum performance 
D)  resource based - to focus on the inputs 
A)  broad - to cover many dimensions of the business 
B)  measurable - to track progress 
C)  unachievable - to inspire maximum performance 
D)  resource based - to focus on the inputs

Question 12

All of the following may be negotiated between a client company and a contractor EXCEPT:

Accepted Answer

A)  the amount of money to be paid. 
B)  quality standards 
C)  selection criteria for scoring models 
D)  personnel assignments 
A)  the amount of money to be paid. 
B)  quality standards 
C)  selection criteria for scoring models 
D)  personnel assignments

To accomplish portfolio management,executives need to identify,select,prioritize,resource and govern an appropriate portfolio of projects and other work.

The vision statement should present a positive,inspiring and vivid description of the organization as it currently exists.

Strategic objectives describe both short- and long-term results that are desired,along with measures to determine their achievement.

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?

A project portfolio is a useful storage medium that enables the project manager to consolidate all project information in a single,convenient location.

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

Payback period models do not consider the amount of profit that may be generated after the costs are paid.

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which project has the highest probability of success?

Because the specific projects within them are of limited duration,programs themselves are temporary.

Figure 2-1 Project Selection and Prioritization Matrix -Consider the information provided in Figure 2-1.Based on the results in the project selection and prioritization matrix,which project would you select if you were limited to selecting only one project?

Many writers have stated that for strategic objectives to be effective,they should be:

All of the following may be negotiated between a client company and a contractor EXCEPT:

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

To accomplish portfolio management,executives need to identify,select,prioritize,resource and govern an appropriate portfolio of projects and other work.

The vision statement should present a positive,inspiring and vivid description of the organization as it currently exists.

Strategic objectives describe both short- and long-term results that are desired,along with measures to determine their achievement.

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?​

A project portfolio is a useful storage medium that enables the project manager to consolidate all project information in a single,convenient location.

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

Payback period models do not consider the amount of profit that may be generated after the costs are paid.

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which project has the highest probability of success?​

Because the specific projects within them are of limited duration,programs themselves are temporary.

Figure 2-1 Project Selection and Prioritization Matrix -Consider the information provided in Figure 2-1.Based on the results in the project selection and prioritization matrix,which project would you select if you were limited to selecting only one project?​

Many writers have stated that for strategic objectives to be effective,they should be:​

All of the following may be negotiated between a client company and a contractor EXCEPT:

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

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which project has the highest probability of success?

Figure 2-1 Project Selection and Prioritization Matrix -Consider the information provided in Figure 2-1.Based on the results in the project selection and prioritization matrix,which project would you select if you were limited to selecting only one project?

Many writers have stated that for strategic objectives to be effective,they should be: