Question 1

________ is the systematic process of selecting,supporting,and managing a firm's collection of projects.

Accepted Answer

The answer of ________ is the systematic process of selecting,supporting,and...

Question 2

Project selection models come in two general classes: ________ and ________.

Accepted Answer

The answer of Project selection models come in two general...

Question 3

A principal cause of project portfolio underperformance is lack of ________.

Accepted Answer

The answer of A principal cause of project portfolio underperformance...

Question 4

Souder's project screening criterion that indicates an effective model must reflect organization objectives,including a firm's strategic goals and mission is called:

Accepted Answer

Souder's screening criterion that an effective model should reflect organizational objectives, strategic goals, and mission refers to the concept of realism. A realistic model replicates the organization's real-life situation, taking into account its goals, resources, constraints, and environment. Therefore, the model must align with the organization's mission and strategic objectives, providing decision-makers with accurate and relevant insights to support their actions. Capability, comparability, and ease of use are also important criteria, but they don't directly address the requirement for realism.

Question 5

The ________ screening method may arrive at multiple solutions,which is one reason it is used less widely than the net present value technique.

Accepted Answer

The answer of The ________ screening method may arrive at...

Question 6

Financial models are all predicated on the ________ principle.

Accepted Answer

The answer of Financial models are all predicated on the...

Question 7

An organization that has some flexibility in postponing a project and might be able to make a better decision with information that would be available at a later date might make use of a(n)________ for project screening.

Accepted Answer

The answer of An organization that has some flexibility in...

Question 8

Profile models allow managers to plot ________ options for various alternatives.

Accepted Answer

The answer of Profile models allow managers to plot ________...

Question 9

The ________ method of project screening generates overall project scores that can be compared meaningfully against each other.

Accepted Answer

The answer of The ________ method of project screening generates...

Question 10

The length of time it takes to recoup the investment in a project is the ________.

Accepted Answer

The answer of The length of time it takes to...

Question 11

Souder's project screening criterion of realism addresses the question:

Accepted Answer

Souder's criterion of realism is concerned with whether the project will work as intended, which is the focus of choice B. The other options (A, C, D) are not directly related to the realism of the project.

Question 12

In project management,the ________ is the set of project portfolio options that offers either a maximum return for every given level of risk or the minimum risk for every level of return.

Accepted Answer

The answer of In project management,the ________ is the set...

Question 13

One method of assigning weights to the criteria used in AHP is to consider the criteria two at a time and decide which is most important.This ________ to weighting is thought to be accurate because it focuses on a series of relatively simple exchanges.

Accepted Answer

The answer of One method of assigning weights to the...

Question 14

A project selection model that is simple to apply has the virtue of ________.

Accepted Answer

The answer of A project selection model that is simple...

Question 15

A firm that offsets risky ventures with more secure projects or new development ventures with existing product line cash cows is desirous of ________.

Accepted Answer

The answer of A firm that offsets risky ventures with...

Question 16

A project selection model that is broad enough to be applied to multiple projects has the virtue of ________.

Accepted Answer

The answer of A project selection model that is broad...

Question 17

A simple scoring model assigns ________ to the criteria used to evaluate projects.

Accepted Answer

The answer of A simple scoring model assigns ________ to...

Question 18

In AHP,certain choice options may not contribute positively to the decision goals and are therefore said to have ________.

Accepted Answer

The answer of In AHP,certain choice options may not contribute...

Question 19

Among the different types of risk that might be considered during project selection are ________,________ and ________.

Accepted Answer

The answer of Among the different types of risk that...

Question 20

The simplest method of project screening and selection is developing a(n)________ that contains criteria that pertain to a choice of projects.

Accepted Answer

The answer of The simplest method of project screening and...

Quiz 3: Project Selection and Portfolio Management