Question 1

Many writers have stated that effective objectives should be:

Accepted Answer

A)  broad - to cover many dimensions of the business 
B)  measurable - to track progress 
C)  unachievable - to inspire maximum performance 
D)  resource based - to focus on the inputs 
A)  broad - to cover many dimensions of the business 
B)  measurable - to track progress 
C)  unachievable - to inspire maximum performance 
D)  resource based - to focus on the inputs

Question 2

A portfolio is a collection of projects,programs,subportfolios,and operations managed as a group to achieve strategic business objectives.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

Key concepts to be covered in the respon

Question 4

When a client company decides to engage an external contractor to perform project work,it must be prepared to submit a proposal and prepare a bid.

Accepted Answer

A) True 
 B)False

Question 5

Scoring models are most useful when there are multiple projects and several criteria to consider.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements concerning strategic analysis is true?

Accepted Answer

A)  Strategic analysis focuses exclusively upon external analysis. 
B)  External analysis focuses on the strengths and weaknesses of the organization. 
C)  Internal analysis focuses on the threats and opportunities facing the organization. 
D)  External analysis focuses on the threats and opportunities facing the organization. 
A)  Strategic analysis focuses exclusively upon external analysis. 
B)  External analysis focuses on the strengths and weaknesses of the organization. 
C)  Internal analysis focuses on the threats and opportunities facing the organization. 
D)  External analysis focuses on the threats and opportunities facing the organization.

Question 7

Figure 2-1 Project Selection and Prioritization Matrix
  
-Based on the information provided in Figure 2-1,which criterion is most important to the leadership team?

Accepted Answer

A)  strategic fit 
B)  risk 
C)  market potential 
D)  probability of success 
A)  strategic fit 
B)  risk 
C)  market potential 
D)  probability of success

Question 8

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?

Accepted Answer

A)  These methods are often used together to ensure financial and non-financial factors are both considered. 
B)  Financial methods are preferred because they ensure alignment with the organization's strategic goals. 
C)  Scoring models are unreliable because they fail to consider financial factors. 
D)  One of these techniques is typically used to the exclusion of the other,due to time demands. 
A)  These methods are often used together to ensure financial and non-financial factors are both considered. 
B)  Financial methods are preferred because they ensure alignment with the organization's strategic goals. 
C)  Scoring models are unreliable because they fail to consider financial factors. 
D)  One of these techniques is typically used to the exclusion of the other,due to time demands.

Question 9

Traditional financial models are most useful when there are multiple projects and several criteria to consider.

Accepted Answer

A) True 
 B)False

Question 10

Project selection scoring models are very useful in providing performance data that can be used to terminate a project.

Accepted Answer

A) True 
 B)False

Question 11

All of the following organizations can effectively use a scoring model to select and prioritize competing projects EXCEPT:

Accepted Answer

A)  the leadership team 
B)  client companies 
C)  contractor companies 
D)  program management office 
A)  the leadership team 
B)  client companies 
C)  contractor companies 
D)  program management office

Question 12

Which of the following statements correctly describes a weakness associated with the financial project selection model?

Accepted Answer

A)  The benefit-to-cost models favor projects which generate the smallest absolute return over a specified period. 
B)  Payback period models do not consider the profit to be realized after the costs are paid. 
C)  The Net Present Value (NPV)method does not consider the time value of money. 
D)  The Internal Rate of Return (IRR)method is difficult to use when a project has conventional cash flows. 
A)  The benefit-to-cost models favor projects which generate the smallest absolute return over a specified period. 
B)  Payback period models do not consider the profit to be realized after the costs are paid. 
C)  The Net Present Value (NPV)method does not consider the time value of money. 
D)  The Internal Rate of Return (IRR)method is difficult to use when a project has conventional cash flows.

Many writers have stated that effective objectives should be:

A portfolio is a collection of projects,programs,subportfolios,and operations managed as a group to achieve strategic business objectives.

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

When a client company decides to engage an external contractor to perform project work,it must be prepared to submit a proposal and prepare a bid.

Scoring models are most useful when there are multiple projects and several criteria to consider.

Which of the following statements concerning strategic analysis is true?

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which criterion is most important to the leadership team?

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?

Traditional financial models are most useful when there are multiple projects and several criteria to consider.

Project selection scoring models are very useful in providing performance data that can be used to terminate a project.

All of the following organizations can effectively use a scoring model to select and prioritize competing projects EXCEPT:

Which of the following statements correctly describes a weakness associated with the financial project selection model?

Introduction to Project Management

Organizational Capability: Structure,Culture and Roles

Chartering Projects

Stakeholder Analysis and Communication Planning

Defining Scope and Constructing Work Breakdown Structures WBS

Scheduling Activities

Resourcing Projects

Budgeting Projects

Project Risk Planning

Project Quality Planning and Project Kick-Off

Project Supply Chain Management

Leading and Managing Project Teams

Determining Project Progress and Results

Finishing the Project

Filters

Exam 2: Project Selection and Prioritization

Many writers have stated that effective objectives should be:

A portfolio is a collection of projects,programs,subportfolios,and operations managed as a group to achieve strategic business objectives.

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

When a client company decides to engage an external contractor to perform project work,it must be prepared to submit a proposal and prepare a bid.

Scoring models are most useful when there are multiple projects and several criteria to consider.

Which of the following statements concerning strategic analysis is true?

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which criterion is most important to the leadership team?

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?

Traditional financial models are most useful when there are multiple projects and several criteria to consider.

Project selection scoring models are very useful in providing performance data that can be used to terminate a project.

All of the following organizations can effectively use a scoring model to select and prioritize competing projects EXCEPT:

Which of the following statements correctly describes a weakness associated with the financial project selection model?

Introduction to Project Management

Organizational Capability: Structure,Culture and Roles

Chartering Projects

Stakeholder Analysis and Communication Planning

Defining Scope and Constructing Work Breakdown Structures WBS

Scheduling Activities

Resourcing Projects

Budgeting Projects

Project Risk Planning

Project Quality Planning and Project Kick-Off

Project Supply Chain Management

Leading and Managing Project Teams

Determining Project Progress and Results

Finishing the Project

Filters