Question 1

A proposed project that ranks high on most criteria may not be selected because the organization's portfolio already includes too many projects with the same characteristics.

Accepted Answer

A) True 
 B)False

Question 2

Mission statements typically change frequently,responding to changes in the external environment.

Accepted Answer

A) True 
 B)False

Question 3

The following are responsibilities of the governance team when managing a portfolio system EXCEPT

Accepted Answer

A)   Deciding how they wish to balance the available organizational resources among the different types of projects.
B)   Publishing the priority of every project and ensuring the process is open and free of power politics.
C)   Evaluating the progress of the projects in the portfolio.
D)   Constant scanning of the external environment to determine if organizational selection criteria need to be changed.
E)   Communicating which projects are approved.F) A) and E)
G) B) and C)

Question 4

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

Accepted Answer

SWOT analysis
Explanation: The keys are ...

Question 5

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals.An example of this would be a(n)____________.

Accepted Answer

project screening matrix
Explanation: A ...

Question 6

If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is NOT true when managing a portfolio system?

Accepted Answer

A)   The qualities of a particular project are assessed within the context of existing projects
B)   It does not require a constant effort
C)   Within a small organization it can be managed by a small group of key employees
D)   It requires input from senior management
E)   It involves monitoring and adjusting criteria to reflect the strategic focus of the organizationF) A) and B)
G) All of the above

Question 9

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

Accepted Answer

operational
Explanation: Operational pro...

Question 10

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.F) C) and D)
G) B) and E)

Question 11

Starting and stopping work on one task to go and work on another project,and then returning to work on the original task is known as ___________.

Accepted Answer

multitasking
Explanation: Multitasking i...

Question 12

The assessment of the external and internal environments is called _______ analysis.

Accepted Answer

A)   SWOT
B)   Competitive
C)   Industry
D)   Market
E)   StrategicF) A) and B)
G) A) and C)

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 societyF) A) and B)
G) A) and E)

Question 14

A list of potential projects,several criteria,weights for those criteria,and criteria scores for those projects are all typically included on a(n)___________ matrix.

Accepted Answer

project screening
Explanation: Weighted ...

Question 15

Management of a portfolio system requires two major inputs from senior management.What are they?

Accepted Answer

The answer of Management of a portfolio system requires two...

Question 16

Why do project managers need to understand strategy?

Accepted Answer

The answer of Why do project managers need to understand...

Question 17

Intermittent scanning of the external environment is required when managing organization strategy.

Accepted Answer

A) True 
 B)False

Question 18

The financial model that measures the time it will take to recover the project investment is the __________ model.

Accepted Answer

payback
Explanation: The payba...

Question 19

Multiweighted scoring models include only quantitative criteria,not qualitative.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is NOT true for strategic management?

Accepted Answer

A)   It should be done once every few years 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)   It involves responding to changes in the external market and allocating scarce resources to improve a competitive positionF) A) and E)
G) A) and C)

Exam 2: Organization Strategy and Project Selection

Which of the following is NOT true for strategic management?

Correct AnswerverifiedShow Answer

A list of potential projects,several criteria,weights for those criteria,and criteria scores for those projects are all typically included on a(n)___________ matrix.

Correct Answerverifiedproject screeningExplanation: Weighted ...View AnswerShow Answer

Mission statements typically change frequently,responding to changes in the external environment.

Correct AnswerverifiedShow Answer

A proposed project that ranks high on most criteria may not be selected because the organization's portfolio already includes too many projects with the same characteristics.

Correct AnswerverifiedShow Answer

Multiweighted scoring models include only quantitative criteria,not qualitative.

Correct AnswerverifiedShow Answer

The financial model that measures the time it will take to recover the project investment is the __________ model.

Correct AnswerverifiedpaybackExplanation: The payba...View AnswerShow Answer

The following are responsibilities of the governance team when managing a portfolio system EXCEPT

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals.An example of this would be a(n)____________.

Correct Answerverifiedproject screening matrixExplanation: A ...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedoperationalExplanation: Operational pro...View AnswerShow Answer

Intermittent scanning of the external environment is required when managing organization strategy.

Correct AnswerverifiedShow Answer

Which of the following is NOT true when managing a portfolio system?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedSWOT analysisExplanation: The keys are ...View AnswerShow Answer

If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration.

Correct AnswerverifiedShow Answer

Why do project managers need to understand strategy?

Correct AnswerverifiedShow Answer

Management of a portfolio system requires two major inputs from senior management.What are they?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The assessment of the external and internal environments is called _______ analysis.

Correct AnswerverifiedShow Answer

Starting and stopping work on one task to go and work on another project,and then returning to work on the original task is known as ___________.

Correct AnswerverifiedmultitaskingExplanation: Multitasking i...View AnswerShow Answer

Correct Answer
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project screening
Explanation: Weighted ...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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payback
Explanation: The payba...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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project screening matrix
Explanation: A ...
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Correct Answer
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operational
Explanation: Operational pro...
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Correct Answer
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Correct Answer
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Correct Answer
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SWOT analysis
Explanation: The keys are ...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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multitasking
Explanation: Multitasking i...
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