Question 1

Describe how problems,opportunities,and directives can drive the project selection process.

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Question 2

It is important for organizations to develop a fair,consistent,and logical process for selecting projects,programs,and ____________________.

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Question 3

Describe the role of the project portfolio manager in relation to the roles of project manager and program manager.

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Question 4

A balanced ____________________ is a methodology that converts an organization's value drivers-such as customer service,innovation,operational efficiency,and financial performance-to a series of defined metrics.

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Question 5

A(n)____________________ is a group of projects managed in a coordinated way to obtain benefits and control not available from managing them individually.

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Question 6

Provide two examples demonstrating the value of identifying projects through the observation of day-to-day operations.

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Question 7

The core category of IT projects labeled as ____________________ costs must be funded for a company to stay in business.

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Question 8

Project portfolio management focuses on ____________________ issues while individual projects often focus on tactical issues.

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Question 9

Grouping related ____________________ into programs helps improve coordination through better communications,planning,management,and control.

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Question 10

Describe how coordinating housing projects within one program can lead to saving time and increasing authority.

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Question 11

When creating a weighted scoring model,how do you identify criteria important to the project selection process?

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Question 12

A program for IT ____________________ projects might include purchasing new hardware,software,and networking equipment,or determining standards for IT.

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Question 13

____________________ projects helps you see the big picture,such as how many projects are supporting a growth strategy,how many are helping to increase profit margins,how many relate to marketing,and how many relate to materials.

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Question 14

You can determine minimum scores or ____________________ for specific criteria in a weighted scoring model.

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Question 15

A construction firm using ____________________ of scale can purchase materials,obtain services,and hire workers for less money if it is managing the construction of 100 houses instead of just one house.

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Quiz 2: Project, program, and Portfolio Selection