A project manager is using a simple scoring model to decide which of four projects is best,given the company's limited resources.The criteria,importance weights,and scores for each are shown in the table.Which project should be chosen? \[\begin{array} { | l | l | l | l | } \hline & & \text { Impartance } & \\ \text { Project } & \text { Criterin } &\text {Weight}& \text { Score } \\ \hline & & & \\ \hline & 1 & 1 & 3 \\ \hline \text { Greenlight }&2 & 2 & 2 \\ \hline &3 & 3 & 1 \\ \hline & & & \\ \hline &1 & 1 & 2 \\ \hline \text { Runway }& 2& 2 & 1 \\ \hline &3 & 3 & 3 \\ \hline & & & \\ \hline &1 & 1 & 1 \\ \hline \mathbf{X}& 2 & 2 & 2 \\ \hline & 3 & 3 & 2 \\ \hline & & & \\ \hline & 1 & 1 & 2 \\ \hline\text { Ilevomit } & 2 & 2 & 2 \\ \hline & 3 & 3 & 2 \\ \hline \end{array}\]

A) Project Greenlight B) Project Runway C) Project X D) Project Ilevomit A) Project Greenlight B) Project Runway C) Project X D) Project Ilevomit

Exam 3: Project Selection and Portfolio Management

Successful project management firms rely on home runs and narrowly concentrated efforts since specialization creates name recognition and market share.

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(True/False)

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Question 1

Correct Answer:

Verified

False

A simple scoring model is used to decide among three projects that we'll call A,B,and C.The total score for project A is 30,for project B is 20,and for project C is 10.Which of the following statements is BEST?

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Question 2

Correct Answer:

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D

What is project portfolio management and what are its objectives and initiatives?

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Question 3

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Project portfolio management is the systematic process of selecting,supporting and managing a firm's collection of projects.Projects are managed concurrently under a single umbrella and may be either related or independent of each other.Portfolio management entails decision making,prioritization,review,realignment,and reprioritization of a firm's project.

Quality risk refers to the chance that:

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Question 4

Internal rate of return is preferable to net present value because IRR employs a weighted average cost of capital discount rate that reflects potential reinvestment.

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Question 5

A checklist screening model does NOT consider:

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Question 6

Project portfolio management is typically NOT used to balance:

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Question 7

The pre-process phase of the portfolio selection consists of activities related to project development,project evaluation,and portfolio completion.

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Question 8

The efficient frontier in project management is the set of portfolio options that offer:

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Question 9

A project with the chance for a big payout may be funded if an important criterion is:

(Multiple Choice)

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Question 10

An effective project selection model must reflect organizational objectives,including a firm's strategic goals and mission.

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Question 11

A project screening criterion that allows the company to compare long-term versus short-term projects,projects with different technologies,and projects with different commercial objectives is:

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Question 12

How does a checklist project screening model work?

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Question 13

A project manager is using the payback method to make the final decision on which project to undertake.The company has a 10% required rate of return and expects a 4% rate of inflation for the following five years.What is the non-discounted payback of a project that has cash flows as shown in the table? Year Cash Flow 0 -\ 500,000 1 \ 50,000 2 \ 75,000 3 \ 150,000 4 \ 150,000 5 \ 750,000

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Question 14

Rank the problems in implementing portfolio management from largest to smallest and justify your rankings.

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Question 15

The efficient frontier in a profile model is the set of options that offers a maximum return for a given level of risk or a minimum risk for every level of return.

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Question 16

Realignment describes:

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Question 17

The Analytical Hierarchy Process elegantly addresses scaling issues in criteria and negative utility in alternative scores.

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Question 18

A project manager is using a simple scoring model to decide which of four projects is best,given the company's limited resources.The criteria,importance weights,and scores for each are shown in the table.Which project should be chosen? Impartance Project Criterin Weight Score 1 1 3 Greenlight 2 2 2 3 3 1 1 1 2 Runway 2 2 1 3 3 3 1 1 1 2 2 2 3 3 2 1 1 2 Ilevomit 2 2 2 3 3 2

(Multiple Choice)

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Question 19

The ________ phase of the portfolio selection process involves steps such as prescreening,individual project analysis,and portfolio adjustment.

(Multiple Choice)

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Question 20

Successful project management firms rely on home runs and narrowly concentrated efforts since specialization creates name recognition and market share.

A simple scoring model is used to decide among three projects that we'll call A,B,and C.The total score for project A is 30,for project B is 20,and for project C is 10.Which of the following statements is BEST?

What is project portfolio management and what are its objectives and initiatives?

Quality risk refers to the chance that:

Internal rate of return is preferable to net present value because IRR employs a weighted average cost of capital discount rate that reflects potential reinvestment.

A checklist screening model does NOT consider:

Project portfolio management is typically NOT used to balance:

The pre-process phase of the portfolio selection consists of activities related to project development,project evaluation,and portfolio completion.

The efficient frontier in project management is the set of portfolio options that offer:

A project with the chance for a big payout may be funded if an important criterion is:

An effective project selection model must reflect organizational objectives,including a firm's strategic goals and mission.

A project screening criterion that allows the company to compare long-term versus short-term projects,projects with different technologies,and projects with different commercial objectives is:

How does a checklist project screening model work?

Rank the problems in implementing portfolio management from largest to smallest and justify your rankings.

The efficient frontier in a profile model is the set of options that offers a maximum return for a given level of risk or a minimum risk for every level of return.

Realignment describes:

The Analytical Hierarchy Process elegantly addresses scaling issues in criteria and negative utility in alternative scores.

The ________ phase of the portfolio selection process involves steps such as prescreening,individual project analysis,and portfolio adjustment.

Introduction: Why Project Management

The Organizational Context: Strategy, Structure, and Culture

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Advanced Topics in Planning and Scheduling: Agile and Critical Chain

Resource Management

Project Evaluation and Control

Project Closeout and Termination

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