Question 1

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

Accepted Answer

Senior management must provide guidance ...

Question 2

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 3

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 4

Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?

Accepted Answer

A)  Sacred cow
B)  Pet project
C)  Political necessity
D)  Special undertaking
E)  Strategic ploy

Question 5

People within an organization working on multiple efforts concurrently is an indicator of

Accepted Answer

A)  completely allocated staff.
B)  shrewd scheduling.
C)  optimized processes.
D)  too many projects taken on at once.

Question 6

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

Accepted Answer

sponsors
Explanation: Project sponsors a...

Question 7

Which of the following is NOT true about organizational politics?

Accepted Answer

A)  Project managers should not engage in organizational politics.
B)  Politics can have a significant influence on which projects receive funding.
C)  Politics exist in every organization.
D)  Politics can influence project selection.
E)  Politics can play a role in the aspirations behind projects.

Question 8

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 9

Which of the following would be classified as an organizational external threat?

Accepted Answer

A)  Slowing of the economy
B)  Excellent employees
C)  Poor product quality
D)  Declining facilities
E)  High labor costs

Question 10

The lack of understanding and consensus of organization strategy among top and middle-level managers is known as the __________.

Accepted Answer

implementation gap
Explanation: The impl...

Question 11

Which of the following problems refers to lack of understanding and consensus of organization strategy among top and middle-level managers? This also can result when top management formulates strategy and leaves implementation to functional managers.

Accepted Answer

A)  Multitasking
B)  Organization politics
C)  Implementation gap
D)  Resource conflicts
E)  Employee turnover

Question 12

The typical Strategic Management Process includes four activities.Identify and briefly describe each of those four activities.

Accepted Answer

(1)Review and define the organ...

Question 13

Project managers who understand the role that their project plays in accomplishing the organization's strategy will be inclined 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 if the project is a low priority strategically.

Question 14

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 15

When creating a selection model, it is important to

Accepted Answer

A)  make it mathematically complex so it cannot be "gamed."
B)  not use it as the final determination for project selection.
C)  assure the objectivity of the model.
D)  keep it secret from those submitting project proposals.

Question 16

In some cases organizations will use a(n)__________ to solicit ideas for projects when the knowledge requirements for the project are not available in the organization.

Accepted Answer

RFP (Request for Proposal
Explanation: O...

Question 17

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 18

________ change infrequently and may require revision only when the nature of the business changes or shifts.

Accepted Answer

Mission statements
Explanation...

Question 19

Which of the following would be classified as an organizational opportunity?

Accepted Answer

A)  Low debt
B)  Excellent employees
C)  Increasing product demand
D)  Talented management
E)  Government regulation

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 2: Organization Strategy and Project Selection

In some cases organizations will use a(n)__________ to solicit ideas for projects when the knowledge requirements for the project are not available in the organization.

Correct AnswerverifiedRFP (Request for ProposalExplanation: O...View AnswerShow Answer

The typical Strategic Management Process includes four activities.Identify and briefly describe each of those four activities.

Correct Answerverified(1)Review and define the organ...View AnswerShow Answer

People within an organization working on multiple efforts concurrently is an indicator of

Correct AnswerverifiedShow Answer

When creating a selection model, it is important to

Correct AnswerverifiedShow Answer

The lack of understanding and consensus of organization strategy among top and middle-level managers is known as the __________.

Correct Answerverifiedimplementation gapExplanation: The impl...View AnswerShow Answer

Which of the following is NOT true about organizational politics?

Correct AnswerverifiedShow Answer

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

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

Which of the following problems refers to lack of understanding and consensus of organization strategy among top and middle-level managers? This also can result when top management formulates strategy and leaves implementation to functional managers.

Correct AnswerverifiedShow Answer

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

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

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

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

Correct AnswerverifiedsponsorsExplanation: Project sponsors a...View AnswerShow Answer

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

Correct AnswerverifiedSenior management must provide guidance ...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?

Correct AnswerverifiedShow Answer

Which of the following would be classified as an organizational opportunity?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following would be classified as an organizational external threat?

Correct AnswerverifiedShow Answer

________ change infrequently and may require revision only when the nature of the business changes or shifts.

Correct AnswerverifiedMission statementsExplanation...View AnswerShow Answer

Correct Answer
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RFP (Request for Proposal
Explanation: O...
View Answer

Correct Answer
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(1)Review and define the organ...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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implementation gap
Explanation: The impl...
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Correct Answer
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Correct Answer
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operational
Explanation: Operational pro...
View Answer

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project screening
Explanation: Weighted ...
View Answer

Correct Answer
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sponsors
Explanation: Project sponsors a...
View Answer

Correct Answer
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Senior management must provide guidance ...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Mission statements
Explanation...
View Answer