Question 1

Organizational objectives set targets for all levels of the organization not just for top management.

Accepted Answer

A) True 
 B)False

Question 2

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals.An example of this would be a(n)____________.

Accepted Answer

project screening matrix
Explanation: A

Question 3

If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration.

Accepted Answer

A) True 
 B)False

Question 4

The assessment of the external and internal environments is called _______ analysis.

Accepted Answer

A)  SWOT 
B)  Competitive 
C)  Industry 
D)  Market 
E)  Strategic 
A)  SWOT 
B)  Competitive 
C)  Industry 
D)  Market 
E)  Strategic

Question 5

Starting and stopping work on one task to go and work on another project,and then returning to work on the original task is known as ___________.

Accepted Answer

multitasking
Explanation: Multitasking i

Question 6

The financial model that measures the time it will take to recover the project investment is the __________ model.

Accepted Answer

payback
Explanation: The payba

Question 7

In classifying the kinds of projects an organization has in its portfolio,projects that are typically needed to support current operations are _________ projects.

Accepted Answer

operational
Explanation: Operational pro

Question 8

The following are responsibilities of the governance team when managing a portfolio system EXCEPT

Accepted Answer

A)  Deciding how they wish to balance the available organizational resources among the different types of projects. 
B)  Publishing the priority of every project and ensuring the process is open and free of power politics. 
C)  Evaluating the progress of the projects in the portfolio. 
D)  Constant scanning of the external environment to determine if organizational selection criteria need to be changed. 
E)  Communicating which projects are approved. 
A)  Deciding how they wish to balance the available organizational resources among the different types of projects. 
B)  Publishing the priority of every project and ensuring the process is open and free of power politics. 
C)  Evaluating the progress of the projects in the portfolio. 
D)  Constant scanning of the external environment to determine if organizational selection criteria need to be changed. 
E)  Communicating which projects are approved.

Question 9

Which of the following is NOT one of the traditional components found in mission statements?

Accepted Answer

A)  Major products and services 
B)  Profitability 
C)  Target customers and markets 
D)  Geographic domain 
E)  Contribution to society 
A)  Major products and services 
B)  Profitability 
C)  Target customers and markets 
D)  Geographic domain 
E)  Contribution to society

Question 10

Mission statements typically change frequently,responding to changes in the external environment.

Accepted Answer

A) True 
 B)False

Question 11

A proposed project that ranks high on most criteria may not be selected because the organization's portfolio already includes too many projects with the same characteristics.

Accepted Answer

A) True 
 B)False

Question 12

Intermittent scanning of the external environment is required when managing organization strategy.

Accepted Answer

A) True 
 B)False

Question 13

One who endorses and lends political support for the completion of a specific project is known as the

Accepted Answer

A)  Project manager. 
B)  CEO. 
C)  Project sponsor. 
D)  Project lead. 
E)  Sacred cow. 
A)  Project manager. 
B)  CEO. 
C)  Project sponsor. 
D)  Project lead. 
E)  Sacred cow.

Question 14

A list of potential projects,several criteria,weights for those criteria,and criteria scores for those projects are all typically included on a(n)___________ matrix.

Accepted Answer

project screening
Explanation: Weighted

Question 15

Which of the following is NOT true for strategic management?

Accepted Answer

A)  It should be done once every few years just before developing the operating plan 
B)  It supports consistency of action at every level of the organization 
C)  It develops an integrated and coordinated long-term plan of action 
D)  It positions the firm to meet the needs of its customers 
E)  It involves responding to changes in the external market and allocating scarce resources to improve a competitive position 
A)  It should be done once every few years just before developing the operating plan 
B)  It supports consistency of action at every level of the organization 
C)  It develops an integrated and coordinated long-term plan of action 
D)  It positions the firm to meet the needs of its customers 
E)  It involves responding to changes in the external market and allocating scarce resources to improve a competitive position

Question 16

Management of a portfolio system requires two major inputs from senior management.What are they?

Accepted Answer

The answer of Management of a portfolio system requires two...

Question 17

Multiweighted scoring models include only quantitative criteria,not qualitative.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is NOT true when managing a portfolio system?

Accepted Answer

A)  The qualities of a particular project are assessed within the context of existing projects 
B)  It does not require a constant effort 
C)  Within a small organization it can be managed by a small group of key employees 
D)  It requires input from senior management 
E)  It involves monitoring and adjusting criteria to reflect the strategic focus of the organization 
A)  The qualities of a particular project are assessed within the context of existing projects 
B)  It does not require a constant effort 
C)  Within a small organization it can be managed by a small group of key employees 
D)  It requires input from senior management 
E)  It involves monitoring and adjusting criteria to reflect the strategic focus of the organization

Question 19

The assessment of the internal and external environments is known as a(n)________.

Accepted Answer

SWOT analysis
Explanation: The keys are

Question 20

Why do project managers need to understand strategy?

Accepted Answer

The answer of Why do project managers need to understand...

Organizational objectives set targets for all levels of the organization not just for top management.

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals.An example of this would be a(n)____________.

If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration.

The assessment of the external and internal environments is called _______ analysis.

Starting and stopping work on one task to go and work on another project,and then returning to work on the original task is known as ___________.

The financial model that measures the time it will take to recover the project investment is the __________ model.

In classifying the kinds of projects an organization has in its portfolio,projects that are typically needed to support current operations are _________ projects.

The following are responsibilities of the governance team when managing a portfolio system EXCEPT

Which of the following is NOT one of the traditional components found in mission statements?

Mission statements typically change frequently,responding to changes in the external environment.

A proposed project that ranks high on most criteria may not be selected because the organization's portfolio already includes too many projects with the same characteristics.

Intermittent scanning of the external environment is required when managing organization strategy.

One who endorses and lends political support for the completion of a specific project is known as the

A list of potential projects,several criteria,weights for those criteria,and criteria scores for those projects are all typically included on a(n)___________ matrix.

Which of the following is NOT true for strategic management?

Management of a portfolio system requires two major inputs from senior management.What are they?

Multiweighted scoring models include only quantitative criteria,not qualitative.

Which of the following is NOT true when managing a portfolio system?

The assessment of the internal and external environments is known as a(n)________.

Why do project managers need to understand strategy?

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

Filters

Exam 2: Organization Strategy and Project Selection

Organizational objectives set targets for all levels of the organization not just for top management.

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals.An example of this would be a(n)____________.

If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration.

The assessment of the external and internal environments is called _______ analysis.

Starting and stopping work on one task to go and work on another project,and then returning to work on the original task is known as ___________.

The financial model that measures the time it will take to recover the project investment is the __________ model.

In classifying the kinds of projects an organization has in its portfolio,projects that are typically needed to support current operations are _________ projects.

The following are responsibilities of the governance team when managing a portfolio system EXCEPT

Which of the following is NOT one of the traditional components found in mission statements?

Mission statements typically change frequently,responding to changes in the external environment.

A proposed project that ranks high on most criteria may not be selected because the organization's portfolio already includes too many projects with the same characteristics.

Intermittent scanning of the external environment is required when managing organization strategy.

One who endorses and lends political support for the completion of a specific project is known as the

A list of potential projects,several criteria,weights for those criteria,and criteria scores for those projects are all typically included on a(n)___________ matrix.

Which of the following is NOT true for strategic management?

Management of a portfolio system requires two major inputs from senior management.What are they?

Multiweighted scoring models include only quantitative criteria,not qualitative.

Which of the following is NOT true when managing a portfolio system?

The assessment of the internal and external environments is known as a(n)________.

Why do project managers need to understand strategy?

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

Filters