Exam 2: Organization Strategy and Project Selection

When considering criteria used to select projects,capturing a larger market share or reducing the dependency on unreliable suppliers would both be examples of __________ criteria.

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(Short Answer)

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Question 1

Correct Answer:

Verified

nonfinancial
Explanation: Capturing a larger market share,reducing dependency on unreliable suppliers,preventing government intervention and regulation,making it difficult for competitors to enter the market are all examples of nonfinancial criteria.Both financial and nonfinancial selection criteria should be used when selecting projects.

The NPV financial model measures the time it will take to recover the project investment.

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(True/False)

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Question 2

Correct Answer:

Verified

False

One way to offset the influence of politics on project management within an organization is to have a well-defined project selection model.

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(True/False)

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Question 3

Correct Answer:

Verified

True

A project screening matrix typically contains all of the following EXCEPT

(Multiple Choice)

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Question 4

How strategies will be realized,given available resources,is answered through __________.

(Short Answer)

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Question 5

The process of assessing "what we are" and deciding and implementing "what we intend to be and how we are going to get there" is ______________.

(Short Answer)

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Question 6

A project selection process that is strongly linked to strategy results in

(Multiple Choice)

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Question 7

The lack of understanding and consensus of organization strategy among top and middle-level managers is known as the __________.

(Short Answer)

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Question 8

In some cases organizations will use a(n)__________ to solicit ideas for projects when the knowledge requirements for the project are not available in the organization.

(Short Answer)

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Question 9

In order to formulate strategies that align with the mission the organization will need to

(Multiple Choice)

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Question 10

A project that a powerful,high-ranking official is advocating is often termed a(n)___________.

(Short Answer)

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Question 11

Which of the following is NOT one of the characteristics of effective objectives?

(Multiple Choice)

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Question 12

Susie's department is implementing many projects.She finds herself starting and stopping work on one task to go and work on another task,and then return to the work on the original task.Susie is experiencing

(Multiple Choice)

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Question 13

Which of the following terms is often used to denote a project that a powerful,high-ranking official is advocating?

(Multiple Choice)

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Question 14

Identify and briefly describe the five characteristics of effective objectives.

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Question 15

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One benefit of project portfolio management is that it can justify killing a project that doesn't support organization strategy.

(True/False)

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Question 16

What is the implementation gap and how does it impact project management? How can it be prevented?

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Question 17

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Many organizations have three different kinds of projects in their portfolio: compliance,operational,and sacred cows.

(True/False)

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Question 18

Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.

(True/False)

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Question 19

Project managers should not engage in organizational politics.

(True/False)

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Question 20

Showing 1 - 20 of 87

When considering criteria used to select projects,capturing a larger market share or reducing the dependency on unreliable suppliers would both be examples of __________ criteria.

The NPV financial model measures the time it will take to recover the project investment.

One way to offset the influence of politics on project management within an organization is to have a well-defined project selection model.

A project screening matrix typically contains all of the following EXCEPT

How strategies will be realized,given available resources,is answered through __________.

The process of assessing "what we are" and deciding and implementing "what we intend to be and how we are going to get there" is ______________.

A project selection process that is strongly linked to strategy results in

The lack of understanding and consensus of organization strategy among top and middle-level managers is known as the __________.

In some cases organizations will use a(n)__________ to solicit ideas for projects when the knowledge requirements for the project are not available in the organization.

In order to formulate strategies that align with the mission the organization will need to

A project that a powerful,high-ranking official is advocating is often termed a(n)___________.

Which of the following is NOT one of the characteristics of effective objectives?

Susie's department is implementing many projects.She finds herself starting and stopping work on one task to go and work on another task,and then return to the work on the original task.Susie is experiencing

Which of the following terms is often used to denote a project that a powerful,high-ranking official is advocating?

Identify and briefly describe the five characteristics of effective objectives.

One benefit of project portfolio management is that it can justify killing a project that doesn't support organization strategy.

What is the implementation gap and how does it impact project management? How can it be prevented?

Many organizations have three different kinds of projects in their portfolio: compliance,operational,and sacred cows.

Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.

Project managers should not engage in organizational politics.

Modern Project Management

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Plan

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Leadership: Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

International Projects

Oversight

An Introduction to Agile Project Management

Project Management Career Paths

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