Question 1

Choose any example from recent news media and explain why their project failed.

Accepted Answer

Examples will vary and may inc

Question 2

An MBA redesign committee plans to spend a decade traveling the world to benchmark graduate programs at other universities.Regardless of the screening model being used,it will suffer from poor performance in the area of:

Accepted Answer

A) Flexibility. 
B) Capability. 
C) Comparability. 
D) Cost. 
A) Flexibility. 
B) Capability. 
C) Comparability. 
D) Cost.

Question 3

Because projects managed under a project portfolio management scheme may be independent of each other,it is not necessary to consider resource use when deciding to pursue any single project.

Accepted Answer

A) True 
 B)False

Question 4

The systematic process of selecting,supporting,and managing a firm's collection of projects is called:

Accepted Answer

A) Heavyweight project management. 
B) Matrix project organization. 
C) Profile management. 
D) Project portfolio management. 
A) Heavyweight project management. 
B) Matrix project organization. 
C) Profile management. 
D) Project portfolio management.

Question 5

A simplified scoring model is used to determine that project Cow has a score of 38 and project GiGi has a score of 30.Project Cow is therefore 26.7% better than project GiGi.

Accepted Answer

A) True 
 B)False

Question 6

What are three keys to success for project portfolio management? Which is most important?

Accepted Answer

The author indicates that the keys to su

Question 7

One facet of risk in project screening is:

Accepted Answer

A) The change in manufacturing operations resulting from the project. 
B) The initial cash outlay. 
C) The potential for lawsuits or legal obligation. 
D) The strategic fit of the project with the company. 
A) The change in manufacturing operations resulting from the project. 
B) The initial cash outlay. 
C) The potential for lawsuits or legal obligation. 
D) The strategic fit of the project with the company.

Question 8

Souder's project screening criterion that indicates an effective model must reflect organization objectives,including a firm's strategic goals and mission is called:

Accepted Answer

A) Realism. 
B) Capability. 
C) Comparability. 
D) Ease of use. 
A) Realism. 
B) Capability. 
C) Comparability. 
D) Ease of use.

Question 9

Souder's project screening criterion of realism addresses the question:

Accepted Answer

A) How many workers will the project need? 
B) Will the project work as intended? 
C) Who are the stakeholders? 
D) How often should the project team meet? 
A) How many workers will the project need? 
B) Will the project work as intended? 
C) Who are the stakeholders? 
D) How often should the project team meet?

Question 10

Which of these is NOT a factor in successful project portfolio management?

Accepted Answer

A) Flexible structure and freedom of communication 
B) Low-cost environmental setting 
C) Emphasis on quality 
D) Time-paced transition 
A) Flexible structure and freedom of communication 
B) Low-cost environmental setting 
C) Emphasis on quality 
D) Time-paced transition

Question 11

A firm is BEST served if its project portfolio:

Accepted Answer

A) Has a number of low-cost experimental prototypes. 
B) Devotes significant resources to hit product "home runs." 
C) Aims to take the marketplace by storm regardless of future trends. 
D) Represents narrowly concentrated efforts. 
A) Has a number of low-cost experimental prototypes. 
B) Devotes significant resources to hit product "home runs." 
C) Aims to take the marketplace by storm regardless of future trends. 
D) Represents narrowly concentrated efforts.

Question 12

A project manager is using the net present value method to make the final decision on which project to undertake.The company has a 12% required rate of return and expects a 3% rate of inflation for the following four years.What is the NPV of a project that has cash flows as shown in the table? $$\begin{array} { | l | l | } 
\hline \text { Year } & \text { Cash Flow } \
\hline 0 & - \$ 250,000 \
\hline 1 & \$ 50,000 \
\hline 2 & \$ 60,000 \
\hline 3& \$ 70,000 \
\hline 4 & \$ 80,000 \
\hline
\end{array}$$

Accepted Answer

A) -$9,762 
B) -$56,859 
C) -$69,387 
D) -$98,780 
A) -$9,762 
B) -$56,859 
C) -$69,387 
D) -$98,780

Question 13

Describe the use of a profile model and sketch an example,clearly labeling every component and the best alternative in your example.

Accepted Answer

Profile models allow managers to plot ri

Question 14

What two simple rules should be followed when choosing a project selection approach?

Accepted Answer

First and foremost,objectivity and consi

Question 15

A project manager is using the net present value method to make the final decision on which project to undertake.The company has a 15% required rate of return and expects a 5% rate of inflation for the following four years.What is the NPV of a project that has cash flows as shown in the table? $$\begin{array} { | l | l |} 
\hline \text { Year } & \text { Cash Flow } \
\hline 0 & - \$ 350,000 \
\hline 1 & \$ 50,000 \
\hline 2 & \$ 80,000 \
\hline 3 & \$ 100,000 \
\hline 4 & \$ 150,000 \
\hline
\end{array}$$

Accepted Answer

A) $4.955 
B) $42,586 
C) -$23,667 
D) -$122,569 
A) $4.955 
B) $42,586 
C) -$23,667 
D) -$122,569

Question 16

One project factor that directly impacts a firm's internal operations is the:

Accepted Answer

A) Expected return on investment. 
B) Financial risk. 
C) Need to develop employees. 
D) Impact on company's image. 
A) Expected return on investment. 
B) Financial risk. 
C) Need to develop employees. 
D) Impact on company's image.

Question 17

How can a payback period approach be used to evaluate potential projects?

Accepted Answer

The project payback period approach esti

Question 18

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 discounted payback of a project that has cash flows as shown in the table? $$\begin{array} { | l | l | } 
\hline \text { Year } & \text { Cash Flow } \
\hline 0 & -\$ 100,000 \
\hline 1 & \$ 20,000 \
\hline 2 & \$ 50,000 \
\hline 3 & \$ 50,000 \
\hline 4 & \$ 25,000 \
\hline 5 & \$ 500,000 \
\hline
\end{array}$$

Accepted Answer

A) 3.4 years 
B) 2.6 years 
C) 5.0 years 
D) 4.2 years 
A) 3.4 years 
B) 2.6 years 
C) 5.0 years 
D) 4.2 years

Question 19

Describe any four types of risk that projects may hold.

Accepted Answer

Risk factors reflect elements of unpredi

Question 20

Provide an example of a numeric and non-numeric project selection model and indicate what advantage each might hold over the other.

Accepted Answer

Project selection models come in two gen

Choose any example from recent news media and explain why their project failed.

An MBA redesign committee plans to spend a decade traveling the world to benchmark graduate programs at other universities.Regardless of the screening model being used,it will suffer from poor performance in the area of:

Because projects managed under a project portfolio management scheme may be independent of each other,it is not necessary to consider resource use when deciding to pursue any single project.

The systematic process of selecting,supporting,and managing a firm's collection of projects is called:

A simplified scoring model is used to determine that project Cow has a score of 38 and project GiGi has a score of 30.Project Cow is therefore 26.7% better than project GiGi.

What are three keys to success for project portfolio management? Which is most important?

One facet of risk in project screening is:

Souder's project screening criterion that indicates an effective model must reflect organization objectives,including a firm's strategic goals and mission is called:

Souder's project screening criterion of realism addresses the question:

Which of these is NOT a factor in successful project portfolio management?

A firm is BEST served if its project portfolio:

Describe the use of a profile model and sketch an example,clearly labeling every component and the best alternative in your example.

What two simple rules should be followed when choosing a project selection approach?

One project factor that directly impacts a firm's internal operations is the:

How can a payback period approach be used to evaluate potential projects?

Describe any four types of risk that projects may hold.

Provide an example of a numeric and non-numeric project selection model and indicate what advantage each might hold over the other.

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

Filters

Exam 3: Project Selection and Portfolio Management

Choose any example from recent news media and explain why their project failed.

An MBA redesign committee plans to spend a decade traveling the world to benchmark graduate programs at other universities.Regardless of the screening model being used,it will suffer from poor performance in the area of:

Because projects managed under a project portfolio management scheme may be independent of each other,it is not necessary to consider resource use when deciding to pursue any single project.

The systematic process of selecting,supporting,and managing a firm's collection of projects is called:

A simplified scoring model is used to determine that project Cow has a score of 38 and project GiGi has a score of 30.Project Cow is therefore 26.7% better than project GiGi.

What are three keys to success for project portfolio management? Which is most important?

One facet of risk in project screening is:

Souder's project screening criterion that indicates an effective model must reflect organization objectives,including a firm's strategic goals and mission is called:

Souder's project screening criterion of realism addresses the question:

Which of these is NOT a factor in successful project portfolio management?

A firm is BEST served if its project portfolio:

Describe the use of a profile model and sketch an example,clearly labeling every component and the best alternative in your example.

What two simple rules should be followed when choosing a project selection approach?

One project factor that directly impacts a firm's internal operations is the:

How can a payback period approach be used to evaluate potential projects?

Describe any four types of risk that projects may hold.

Provide an example of a numeric and non-numeric project selection model and indicate what advantage each might hold over the other.

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

Filters