Question 1

Which of the following is NOT true about an organization's strategy?

Accepted Answer

A)  Strategy determines how an organization will compete 
B)  Strategy is implemented through projects 
C)  Only top management must understand strategy 
D)  Project selection should be clearly aligned with strategy 
E)  Project management plays a key role in supporting strategy

Question 2

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...

Question 3

Project managers who understand the role that their project plays in accomplishing the organization's strategy are able to do all of the following EXCEPT

Accepted Answer

A)  Demonstrate to senior management how their project contributes to the firm's mission. 
B)  Explain to team members why certain project objectives and priorities are critical. 
C)  Explain to stakeholders why certain project objectives and priorities are critical. 
D)  Be able to respond appropriately to delays and/or questions about product design. 
E)  Be able to focus on problems or solutions,even if the project is a low priority strategically.

Question 4

The __________ financial model measures the current value of all cash inflows using management's minimum desired rate of return.

Accepted Answer

A)  FUBAR 
B)  ARR 
C)  IRS 
D)  IRB 
E)  None of these

Question 5

In a SWOT analysis,strong competition,reduced product demand,and a maturing product life cycle are examples of external __________.

Accepted Answer

The answer of In a SWOT analysis,strong competition,reduced product demand,and...

Question 6

__________ the portfolio system involves monitoring and adjusting selection criteria to reflect the strategic focus of the organization.

Accepted Answer

The answer of __________ the portfolio system involves monitoring and...

Question 7

All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT

Accepted Answer

A)  Frequent conflicts between managers. 
B)  Inadequate resources. 
C)  Confused employees regarding which projects are more important. 
D)  Not enough projects within the portfolio to make a profit. 
E)  People are working on multiple projects and feel inefficient.

Exam 2: Organization Strategy and Project Selection