Project Management Study Set 3

Business

Quiz 2 :

Organization Strategy and Project Selection

Quiz 2 :

Organization Strategy and Project Selection

Question Type
search
arrow
Objectives should be specific, marketable, assignable, realistic, and time related.
Free
True False
Answer:

Answer:

False

Tags
Choose question tag
close menu
arrow
Mission statements typically change frequently, responding to changes in the external environment.
Free
True False
Answer:

Answer:

False

Tags
Choose question tag
close menu
arrow
If a proposed project does not meet one of the designated "must" objectives it should be immediately removed from consideration.
Free
True False
Answer:

Answer:

True

Tags
Choose question tag
close menu
arrow
Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Opportunities and threats can be viewed as flip sides of each other; that is, a threat can be viewed as an opportunity, and vice versa.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Studies have shown that companies using predominantly financial criteria to prioritize projects yield unbalanced portfolios and projects that aren't strategically aligned.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Strategy is implemented through projects.
True False
Answer:
Tags
Choose question tag
close menu
arrow
The assessment of the external and internal environments is called the SWOT analysis.
True False
Answer:
Tags
Choose question tag
close menu
arrow
The information gap refers to the lack of understanding and consensus of organization strategy among top and middle-level managers.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows.
True False
Answer:
Tags
Choose question tag
close menu
arrow
One benefit of project portfolio management is that it can justify killing a project that doesn't support organization strategy.
True False
Answer:
Tags
Choose question tag
close menu
arrow
The first step in the Strategic Management Process is to set long-range goals and objectives.
True False
Answer:
Tags
Choose question tag
close menu
arrow
One way to offset the influence of politics on project management within an organization is to have a well-defined project selection model.
True False
Answer:
Tags
Choose question tag
close menu
arrow
The NPV financial model measures the time it will take to recover the project investment.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Project managers should not engage in organizational politics.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Strategy formulation ends with cascading objectives or projects assigned to lower divisions, departments, or individuals.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Intermittent and infrequent scanning of the external environment is required when managing organization strategy.
True False
Answer:
Tags
Choose question tag
close menu
arrow
A written mission statement provides focus for decision making when shared by organizational managers and employees.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Organizational objectives set targets for all levels of the organization not just for top management.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Generally, people working on several projects at the same time are more efficient than people working full-time on one project.
True False
Answer:
Tags
Choose question tag
close menu
Showing 1 - 20 of 101