Exam 2: Project Selection and Prioritization

Scoring models are very useful in providing input regarding the starting order of projects.

Strategic analysis is often called SWOT - Strengths,Weaknesses,Opportunities and Threats (SWOT).

The degree of formality used in selecting projects varies widely across organizations.

When a firm prepares to submit a proposal,it is really conducting a small project with the primary deliverable of the project being a compelling and complete proposal.

All of the following statements concerning project portfolios are true EXCEPT:

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

All of the following factors should be assessed to determine an organization's ability to perform projects EXCEPT:

A clear and compelling vision will have all the following characteristics EXCEPT:

Portfolio management aligns with organizational strategies by selecting the right projects,prioritizing work,and providing needed resources.

There are times that certain projects must be selected regardless of any considerations such as strategic fit,profitability or probability of success.

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?

While there is a wide variety of projects across organizations,the degree of formality used in selecting them is largely uniform.

All of the following criteria serve as a valid basis for identifying potential projects in most organizations EXCEPT:

Strategic analysis is often called SWOT - Start With Objectives Template (SWOT).

None of the financial project selection models ensure alignment of the project with an organization's strategic goals.

The organization's leadership should establish guiding principles such as the vision and mission for an organization before developing strategic objectives.

Which of the following responses most accurately depicts the correct sequence of activities in the strategic planning process?

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

Portfolio management helps an organization achieve its strategic goals in all of the following ways EXCEPT:

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?