Strategic plans should be written by one group of managers, projects should be selected by another group, and projects should be implemented by another group.
  • payback model.
  • FALSE.
  • TRUE.
  • The project's fit to the organization strategy.
All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT
  • Project managers should not engage in organizational politics.
  • Declining need for product customization.
  • 1) Mission, 2) strategies, 3) objectives, 4) projects.
  • Not enough projects within the portfolio to make a profit.
Which of the following is NOT considered to be a characteristic of a project?
  • Overseeing existing operations.
  • Identifying.
  • For internal use only.
  • It does not require a constant effort.
Strategy formulation ends with cascading objectives or projects assigned to lower divisions, departments, or individuals.
  • Sacred cow
  • FALSE.
  • TRUE.
  • Quality management.
In today's high-tech industries the product life cycle is averaging
  • Defining Stage.
  • What do we want to become?
  • For internal use only.
  • 6 months to 3 years.
The first stage in the project life cycle is the concept stage.
  • Defining Stage.
  • TRUE.
  • payback model.
  • FALSE.
Which of the following represents the correct order of stages within the project life cycle?
  • What do we want to become?
  • Declining need for product customization.
  • It does not require a constant effort.
  • Defining, Planning, Executing, Closing.
A professional organization for project management specialists is the
  • PMI.
  • executing stage of the project life cycle.
  • Project sponsor.
  • The project's fit to the organization strategy.
The sociocultural dimension of project management includes managing relationships, motivating team members and negotiating project terms.
  • threats.
  • TRUE.
  • FALSE.
  • Sacred cow
Projects should align with the organization's overall strategy in order to
  • Overseeing existing operations.
  • Financial and non-financial.
  • Reduce waste of scarce resources.
  • customized products and services.
In classifying the kinds of projects an organization has in its portfolio, projects that are typically needed to support current operations are
  • For internal use only.
  • What do we want to become?
  • compliance (must do) projects.
  • project screening matrix.
Which of the following is NOT typical of a project manager?
  • Developing a new residential area that includes six custom homes.
  • Overseeing existing operations.
  • Declining need for product customization.
  • It does not require a constant effort.
The information gap refers to the lack of understanding and consensus of organization strategy among top and middle-level managers.
  • Identifying.
  • FALSE.
  • project screening matrix.
  • TRUE.
Executing
  • is the stage of the project life cycle, project objectives are established, teams are formed, and major responsibilities are assigned.
  • So they can make appropriate decisions and adjustments and be effective project advocates.
  • All the above. Are expected to use project management tools and concepts such as working as a team to create a budget or schedule and be able to monitor project progress. They also need to be able to understand project priorities and parameters.
  • is the stage of the project life cycle, a major portion of the physical project work performed.
The first step in the Strategic Management Process is to set long-range goals and objectives.
  • FALSE.
  • Quality management.
  • TRUE.
  • Problem solving.
Which of the following questions does the organization's mission statement answer?
  • What are our long-term strategies?
  • What are our long-term goals and objectives?
  • How do we operate in the existing environment?
  • What do we want to become?
  • All of these are answered by the mission statement
Because of the profitability motive, project management is nearly always limited to the private sector.
  • TRUE.
  • threats.
  • Problem solving.
  • FALSE.
Which of the following is NOT one of the stages of a project life cycle?
  • Sacred cow
  • Overseeing existing operations.
  • Quality management.
  • Identifying.
A project selection process that is strongly linked to strategy results in
  • 1) Mission, 2) strategies, 3) objectives, 4) projects.
  • Financial and non-financial.
  • Better utilization of the organization's resources.
  • Not enough projects within the portfolio to make a profit.
Which of the following is NOT one of the driving forces behind the increasing demand for project management?
  • Defining, Planning, Executing, Closing.
  • 1) Mission, 2) strategies, 3) objectives, 4) projects.
  • Overseeing existing operations.
  • Declining need for product customization.
Objectives should be specific, marketable, assignable, realistic, and time related.
  • Reduce waste of scarce resources.
  • FALSE.
  • TRUE.
  • threats.
In a SWOT analysis, strong competition, reduced product demand, and a maturing product life cycle are examples of external
  • threats.
  • payback model.
  • TRUE.
  • FALSE.
If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration.
  • FALSE.
  • threats.
  • Quality management.
  • TRUE.
A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals. An example of this would be a(n)
  • strategic management.
  • project screening matrix.
  • Problem solving.
  • What do we want to become?
Which of the following is a good example of a program?
  • Developing a new residential area that includes six custom homes.
  • Overseeing existing operations.
  • It does not require a constant effort.
  • Declining need for product customization.
The financial model that measures the time it will take to recover the project investment is the
  • payback model.
  • Problem solving.
  • Private Sector.
  • Sociocultural.
Defining
  • is the stage of the project life cycle, a major portion of the physical project work performed.
  • is the stage of the project life cycle, project objectives are established, teams are formed, and major responsibilities are assigned.
  • Deciding how they wish to balance the available organizational resources among the different types of projects.
  • Ensure that appropriate trade-offs are made between the time, cost, and performance requirements of the project.
The initial stage in the project life cycle is the
  • Identifying.
  • Private Sector.
  • FALSE.
  • Defining Stage.
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.
  • Sacred cow
  • threats.
The following are responsibilities of the governance team when managing a portfolio system EXCEPT
  • Deciding how they wish to balance the available organizational resources among the different types of projects.
  • Publishing the priority of every project and ensuring the process is open and free of power politics.
  • Evaluating the progress of the projects in the portfolio.
  • Constant scanning of the external environment to determine if organizational selection criteria need to be changed.
  • Communicating which projects are approved.
Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.
  • Sociocultural.
  • Private Sector.
  • TRUE.
  • FALSE.
Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?
  • Sacred cow
  • Pet project
  • Political necessity
  • Special undertaking
  • Strategic ploy
The process of assessing "what we are" and deciding and implementing "what we intend to be and how we are going to get there" is
  • What do we want to become?
  • strategic management.
  • payback model.
  • Problem solving.
Which of these is NOT part of the "technical dimension" of project management?
  • Problem solving.
  • What do we want to become?
  • Implementation gap.
  • Quality management.
One who endorses and lends political support for the completion of a specific project is known as the
  • Project sponsor.
  • PMI.
  • The project's fit to the organization strategy.
  • project life cycle.
Increased competition has placed a premium on customer satisfaction and the development of
  • What do we want to become?
  • It does not require a constant effort.
  • customized products and services.
  • Declining need for product customization.
Project management is important to understand when people are a part of a project team because they
  • All the above. Are expected to use project management tools and concepts such as working as a team to create a budget or schedule and be able to monitor project progress. They also need to be able to understand project priorities and parameters.
  • FALSE.
  • So they can make appropriate decisions and adjustments and be effective project advocates.
  • Private Sector.
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