Question 1

A project that a powerful,high-ranking official is advocating is often termed a(n)___________.

Accepted Answer

The answer of A project that a powerful,high-ranking official is...

Question 2

Project managers should not engage in organizational politics.

Accepted Answer

Many would argue that politics and project management should not mix.A more proactive response is that projects and politics invariably mix and that effective project managers recognize that any significant project has political ramifications.

Question 3

In classifying the kinds of projects an organization has in its portfolio,projects that directly support the organization's long-term mission are ________ projects.

Accepted Answer

The answer of In classifying the kinds of projects an...

Question 4

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

The answer of In some cases organizations will use a(n)__________...

Question 5

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

Accepted Answer

The answer of The lack of understanding and consensus of...

Question 6

A written mission statement provides focus for decision making when shared by organizational managers and employees.

Accepted Answer

A written mission statement provides focus for decision making when shared by organizational managers and employees.Everyone in the organization should be keenly aware of the organization's mission.

Question 7

When considering criteria used to select projects,capturing a larger market share or reducing the dependency on unreliable suppliers would both be examples of __________ criteria.

Accepted Answer

The answer of When considering criteria used to select projects,capturing...

Question 8

Starting and stopping work on one task to go and work on another project,and then returning to work on the original task is known as ___________.

Accepted Answer

The answer of Starting and stopping work on one task...

Question 9

Strategy formulation ends with cascading objectives or projects assigned to lower divisions,departments,or individuals.

Accepted Answer

Strategy formulation includes determining and evaluating alternatives that support the organization's objectives and selecting the best alternative.The first step is a realistic evaluation of the past and current position of the enterprise.

Question 10

The financial model that measures the time it will take to recover the project investment is the __________ model.

Accepted Answer

The answer of The financial model that measures the time...

Question 11

Mission statements typically change frequently,responding to changes in the external environment.

Accepted Answer

Mission statements change infrequently.However,when the nature of the business changes or shifts,revised mission and strategy may be required.

Question 12

Organizational objectives set targets for all levels of the organization not just for top management.

Accepted Answer

Organizational objectives set targets for all levels of the organization.Objectives pinpoint the direction managers believe the organization should move toward.Objectives answer in detail where a firm is headed and when it is going to get there.

Question 13

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

The answer of In classifying the kinds of projects an...

Question 14

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

Accepted Answer

Two major dimensions of strategic management are responding to changes in the external environment and allocating scarce resources of the firm to improve its competitive advantage.Constant scanning of the external environment for changes is a major requirement for survival in a dynamic competitive environment.

Question 15

The financial model that measures the current value of all cash inflows and outflows using management's minimum desired rate of return is known as the _________ model.

Accepted Answer

The answer of The financial model that measures the current...

Question 16

__________ the portfolio system involves monitoring and adjusting selection criteria to reflect the strategic focus of the organization.

Accepted Answer

The answer of __________ the portfolio system involves monitoring and...

Question 17

In classifying the kinds of projects an organization has in its portfolio,projects that are typically those needed to meet regulatory conditions required to operate in a region are ___________ projects.

Accepted Answer

The answer of In classifying the kinds of projects an...

Question 18

Strategy is implemented through ________.

Accepted Answer

The answer of Strategy is implemented through ________....

Question 19

Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.

Accepted Answer

Project management historically has been preoccupied solely with the planning and execution of projects.Strategy was considered to be under the purview of senior management,which is old-school thinking.

Question 20

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

The answer of A list of potential projects,several criteria,weights for...

Quiz 2: Organization Strategy and Project Selection

A project that a powerful,high-ranking official is advocating is often termed a(n)___________.

Project managers should not engage in organizational politics.

In classifying the kinds of projects an organization has in its portfolio,projects that directly support the organization's long-term mission are ________ projects.

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.

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

A written mission statement provides focus for decision making when shared by organizational managers and employees.

When considering criteria used to select projects,capturing a larger market share or reducing the dependency on unreliable suppliers would both be examples of __________ criteria.

Starting and stopping work on one task to go and work on another project,and then returning to work on the original task is known as ___________.

Strategy formulation ends with cascading objectives or projects assigned to lower divisions,departments,or individuals.

The financial model that measures the time it will take to recover the project investment is the __________ model.

Mission statements typically change frequently,responding to changes in the external environment.

Organizational objectives set targets for all levels of the organization not just for top management.

In classifying the kinds of projects an organization has in its portfolio,projects that are typically needed to support current operations are _________ projects.

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

The financial model that measures the current value of all cash inflows and outflows using management's minimum desired rate of return is known as the _________ model.

__________ the portfolio system involves monitoring and adjusting selection criteria to reflect the strategic focus of the organization.

In classifying the kinds of projects an organization has in its portfolio,projects that are typically those needed to meet regulatory conditions required to operate in a region are ___________ projects.

Strategy is implemented through ________.

Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.

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.