Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is

Accepted Answer

A)   how the project will balance risk within the project portfolio.
B)   the project's fit to the organization strategy.
C)   compliance.
D)   nonfinancial.
E)   profit.

Question 3

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 4

Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.

Accepted Answer

A) True 
 B)False

Question 5

High-ranking managers who endorse and lend political support for the completion of a specific project are known as project _________.

Accepted Answer

A)   managers
B)   leaders
C)   politicians
D)   sponsors
E)   executives

Question 6

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

Accepted Answer

A)   weaknesses
B)   opportunities
C)   threats
D)   targets
E)   strengths

Question 7

Project selection criteria are typically classified as

Accepted Answer

A)   financial and nonfinancial.
B)   short-term and long-term.
C)   strategic and tactical.
D)   required and optional.
E)   cost and schedule.

Question 8

In a SWOT analysis, good product quality, low debt, and an established supplier network are examples of internal ________.

Accepted Answer

A)   weaknesses
B)   opportunities
C)   threats
D)   targets
E)   strengths

Question 9

Organizational objectives set targets for all levels of the organization not just for top management.

Accepted Answer

A) True 
 B)False

Question 10

The first part of the management system that spans the lifetime of the project is called the ____.

Accepted Answer

A)   project selection process
B)   project exit process
C)   project phase exit
D)   project kill process
E)   project gate process

Question 11

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 12

Which of the following is NOT one of the characteristics of effective objectives?

Accepted Answer

A)   Realistic
B)   Assignable
C)   Flexible
D)   Specific
E)   Measurable

Question 13

In order to formulate strategies that align with the mission, some of the activities the organization will need to perform are

Accepted Answer

A)   assess internal strengths and weaknesses.
B)   analyze competitors.
C)   examine the external environment.
D)   know their core competencies.
E)   All of these should be considered when formulating strategies.

Question 14

Which of the following is true of multi-weighted scoring models?

Accepted Answer

A)   Will include quantitative criteria.
B)   Will include qualitative criteria.
C)   Each criterion is assigned a weight.
D)   Projects with higher scores are considered more desirable.
E)   All of these are true.

Question 15

A project selection process that is strongly linked to strategy results in

Accepted Answer

A)   the most profit.
B)   better utilization of the organization's resources.
C)   more projects.
D)   a larger and more diverse organization.
E)   stronger core competencies.

Question 16

One who endorses and lends political support for the completion of a specific project is known as the

Accepted Answer

A)   Project manager.
B)   CEO.
C)   Project sponsor.
D)   Project lead.
E)   Sacred cow.

Question 17

How strategies will be realized, given available resources, is answered through __________.

Accepted Answer

A)   projects
B)   resource allocation
C)   implementation
D)   frameworks
E)   strategy formulation

Question 18

________ translate the organization's strategy into specific, concrete, and measurable terms.

Accepted Answer

A)   Vision statements
B)   Mission statements
C)   Lessons learned
D)   Goals
E)   Objectives

Question 19

Project proposals are employed when _____and are used to make ______decisions.

Accepted Answer

A)   a project idea is considered worthwhile, project selection
B)   a project concept fails to get acceptance, project cost estimation
C)   a high-level organization official wishes to submit a proposal, project scheduling
D)   a project concept fails to gain acceptance, project cost and scheduling
E)   a high-level organization official wishes to submit a proposal, project cost and scheduling

Question 20

Generally, people working on several projects at the same time are more efficient than people working full-time on one project.

Accepted Answer

A) True 
 B)False

Exam 2: Organization Strategy and Project Selection

How strategies will be realized, given available resources, is answered through __________.

Correct AnswerverifiedShow Answer

Which of the following is true of multi-weighted scoring models?

Correct AnswerverifiedShow Answer

In order to formulate strategies that align with the mission, some of the activities the organization will need to perform are

Correct AnswerverifiedShow Answer

The first part of the management system that spans the lifetime of the project is called the ____.

Correct AnswerverifiedShow Answer

In a SWOT analysis, good product quality, low debt, and an established supplier network are examples of internal ________.

Correct AnswerverifiedShow Answer

One who endorses and lends political support for the completion of a specific project is known as the

Correct AnswerverifiedShow Answer

Organizational objectives set targets for all levels of the organization not just for top management.

Correct AnswerverifiedShow Answer

High-ranking managers who endorse and lend political support for the completion of a specific project are known as project _________.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Generally, people working on several projects at the same time are more efficient than people working full-time on one project.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A project selection process that is strongly linked to strategy results in

Correct AnswerverifiedShow Answer

Which of the following is NOT one of the characteristics of effective objectives?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Project proposals are employed when _____and are used to make ______decisions.

Correct AnswerverifiedShow Answer

Project selection criteria are typically classified as

Correct AnswerverifiedShow Answer

Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.

Correct AnswerverifiedShow Answer

________ translate the organization's strategy into specific, concrete, and measurable terms.

Correct AnswerverifiedShow Answer

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Project proposals are employed when _and are used to make __decisions.

Correct Answer
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