Question 1

Which of these can result from a lack of portfolio management?

Accepted Answer

A)   No limits to the number of innovation projects taken on
B)   Reluctance to 'kill' projects under development
C)   High failure rates in terms of cost and time overruns
D)   Too many low risk projects, lack of 'stretch' A,B,C

Question 2

Portfolio management is:

Accepted Answer

A)   A computer-based filing system.
B)   A set of tools for assessing and comparing innovation projects.
C)   A concept in engineering related to interlinked product features.
D)   A financial evaluation tool. B

Question 3

Financial measures are the only way to judge innovation projects?

Accepted Answer

A) True 
 B)False  False

Question 4

The innovation funnel is:

Accepted Answer

A)   A portfolio approach to managing projects.
B)   A framework for the increasing resource commitment/decreasing uncertainty relationship.
C)   A type of forecasting method.
D)   A software tool to assess risk and uncertainty.

Question 5

Which of the following is not important when choosing the most appropriate forecasting method?

Accepted Answer

A)   Mathematical sophistication.
B)   Rate of technological and market change.
C)   The organization's planning horizon.
D)   The resources available for forecasting.

Question 6

Which of the following is not typically needed for a business plan:

Accepted Answer

A)   Assessment of the market opportunity.
B)   Barriers to entry and competitor analysis.
C)   Identification and planning for key risks.
D)   High-technology product or service.

Question 7

Uncertainty increases during the life of an innovation project

Accepted Answer

A) True 
 B)False

Question 8

Concept testing is:

Accepted Answer

A)   An approach to explore innovation options with potential users to refine the project scope
B)   A movement in modern art
C)   A financial management tool to assess relative values of share portfolios

Question 9

Which of the following techniques is least effective for identifying radical innovations?

Accepted Answer

A)   Market and customer segmentation.
B)   Scenario planning.
C)   Lead user involvement.
D)   Focus groups.

Question 10

Assembling and presenting a business case for an innovation only applies to entrepreneurial start-ups

Accepted Answer