Question 1

In classifying the kinds of projects an organization has in its portfolio, ________ projects are typically those needed to meet regulatory conditions required to operate in a region.

Accepted Answer

compliance (must do
Explanation: Compliance projects are typically those needed to meet regulatory conditions required to operate in a region; hence, they are called "must do" projects.

Question 2

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

Accepted Answer

operational
Explanation: Operational projects are those that are needed to support current operations.These projects are designed to improve efficiency of delivery systems, reduce product costs, and improve performance.

Question 3

What are the two major shortcomings of using the Checklist approach to project selection?

Accepted Answer

1) failure to determine the relative importance of the project to the firm and 2) fails to compare to other potential projects

Question 4

The two axes of the Project Portfolio Matrix are technical feasibility and commercial potential.

Accepted Answer

A) True 
 B)False

Question 5

What is the implementation gap and why is it important to project management?

Accepted Answer

The answer of What is the implementation gap and why...

Question 6

Project ________ are typically high-ranking managers who endorse and lend political support for the completion of a specific project.

Accepted Answer

The answer of Project ________ are typically high-ranking managers who...

Question 7

Generally, people working on several projects at the same time are more efficient than having several people working part-time on the same projects.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is the correct order for the strategic management process?

Accepted Answer

A) Strategies, mission, goals, projects 
B) Goals, projects, mission, strategies 
C) Mission, goals, strategies, projects 
D) Goals, mission, strategies, projects 
E) Projects, mission, strategies, goals

Question 9

Which of the following is not true for strategic management?

Accepted Answer

A) It should be done once each year 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) All of these are true statements

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

The answer of The assessment of the internal and external...

Question 12

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

Accepted Answer

A) Sacred cow 
B) Pet project 
C) Political necessity 
D) Special undertaking 
E) Strategic ploy

Question 13

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

Question 14

A major project proposal form will likely include all of the following except:

Accepted Answer

A) Project Classification 
B) Schedule objective 
C) Major deliverables of the project 
D) How success will be measured 
E) All of these are likely to be included

Question 15

A written mission statement provides focus for decision making when shared by organizational managers and employees.

Accepted Answer

A) True 
 B)False

Question 16

The term ________ is often used to denote a project that a powerful, high-ranking official is advocating.

Accepted Answer

The answer of The term ________ is often used to...

Question 17

Apple Computers has been successful in developing a turnaround strategy that has developed new markets and increased market share.This began with strict adherence to the ________.

Accepted Answer

The answer of Apple Computers has been successful in developing...

Question 18

Strategy formulation ends with cascading objectives or projects assigned to lower divisions, departments, or individuals.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) Poor scheduling 
B) Excess work burden 
C) Flexible tasking 
D) Multitasking 
E) Burnout

Question 20

What is a SWOT analysis and how does it relate to the Strategic Management Process?

Accepted Answer

The answer of What is a SWOT analysis and how...

Exam 2: Organization Strategy and Project Selection

In classifying the kinds of projects an organization has in its portfolio, ________ projects are typically those needed to meet regulatory conditions required to operate in a region.

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

What are the two major shortcomings of using the Checklist approach to project selection?

The two axes of the Project Portfolio Matrix are technical feasibility and commercial potential.

What is the implementation gap and why is it important to project management?

Project ________ are typically high-ranking managers who endorse and lend political support for the completion of a specific project.

Generally, people working on several projects at the same time are more efficient than having several people working part-time on the same projects.

Which of the following is the correct order for the strategic management process?

Which of the following is not true for strategic management?

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

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

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

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

A major project proposal form will likely include all of the following except:

A written mission statement provides focus for decision making when shared by organizational managers and employees.

The term ________ is often used to denote a project that a powerful, high-ranking official is advocating.

Apple Computers has been successful in developing a turnaround strategy that has developed new markets and increased market share.This began with strict adherence to the ________.

Strategy formulation ends with cascading objectives or projects assigned to lower divisions, departments, or individuals.

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

What is a SWOT analysis and how does it relate to the Strategic Management Process?