Question 1

The same project managed in the same fashion may succeed in one organization but fail in another.

Accepted Answer

The success of a project is not only dependent on the project management but also on various other factors such as organizational culture, resources, stakeholders, and external environment. Therefore, the same project managed in the same fashion may succeed in one organization but fail in another.

Question 2

Which statement about stakeholders is BEST?
A) Stakeholders wield considerable power.
B) Stakeholders can potentially impact project development.
C) Stakeholders are external to a company.
D) By definition, clients are not stakeholders, they are customers.

Accepted Answer

B

Question 3

Strategy, goals, and programs support the organizational mission.

Accepted Answer

Strategy, goals, and programs are important tools that help support and achieve the organizational mission. They provide a roadmap for how the organization will operate, what it hopes to achieve, and the steps it will take to get there. Without these tools, it can be difficult for an organization to effectively work towards its mission and achieve its overall goals.

Question 4

What is meant by the statement, "successful project management is contextual"?

Accepted Answer

The answer of What is meant by the statement, "successful...

Question 5

What is strategic management and what role do projects play in it?

Accepted Answer

The answer of What is strategic management and what role...

Question 6

One element of strategic management is cross-functional decision making.

Accepted Answer

Cross-functional decision making involves collaboration between different departments and functions within an organization to make strategic decisions that align with overall objectives. This approach can lead to more informed and effective decision making.

Question 7

Develop a TOWS matrix for a Fortune 100 firm that has announced a new project within the past year. Demonstrate how the new project, which could be any revenue-generating new product or service, fits or doesn't fit the organization based on your TOWS analysis.

Accepted Answer

The answer of Develop a TOWS matrix for a Fortune...

Question 8

Which of the following is NOT an element of strategic management?
A) Formulating cross-functional decisions
B) Implementing cross-functional decisions
C) Evaluating cross-functional decisions
D) Eliminating cross-functional decisions

Accepted Answer

Eliminating cross-functional decisions is not an element of strategic management. Formulating, implementing, and evaluating cross-functional decisions are all essential components of strategic management.

Question 9

Which of the following is descriptive of a vision statement?
A) Inspirational
B) Functional
C) Supportive
D) Critical

Accepted Answer

A vision statement is meant to inspire and provide a long-term direction for an organization. It is not meant to be functional, supportive, or critical.

Question 10

The highest priority among strategic choice elements is:
A) Objective.
B) Strategy.
C) Mission.
D) Goal.

Accepted Answer

The mission statement outlines the organization's reason for existence and serves as a foundation for setting objectives and developing strategies. Without a clear mission, it is difficult to determine which objectives and strategies will be most effective in achieving the organization's goals. Therefore, mission should be the highest priority among strategic choice elements.

Question 11

A strategic perspective on project management might ask which of the following questions prior to undertaking a project?
A) What is our corporate culture?
B) Does this project support the company vision?
C) Do we have the necessary budget for this project?
D) Can we define the problem?

Accepted Answer

The answer of A strategic perspective on project management might...

Question 12

What are the essential components of corporate strategy and how are they related?

Accepted Answer

The answer of What are the essential components of corporate...

Question 13

A strategic element consisting of statements such as "a 5% increase in freshman to sophomore retention" and "a 10% increase in the six-year graduation rate" is BEST described as a:
A) Goal.
B) Program.
C) Strategy.
D) Mission.

Accepted Answer

These statements are specific, measurable targets, making them goals. The other options do not fit the description of these statements.

Question 14

A strategic element that contains formally titled initiatives such as the Customer Survey Project, the Small Business Alliance Project, and the Employee Relations Project is most likely a:
A) Mission.
B) Strategy.
C) Goal.
D) Program.

Accepted Answer

The formally titled initiatives such as the Customer Survey Project, the Small Business Alliance Project, and the Employee Relations Project indicate that they are specific projects or initiatives within a larger program. Therefore, the strategic element is most likely a program.

Question 15

Which of these strategic elements exists at a higher level than the others?
A) Programs
B) Objectives
C) Goals
D) Strategies

Accepted Answer

The answer of Which of these strategic elements exists at...

Question 16

One purpose of a mission statement is to:
A) Establish a sense of what the organization hopes to accomplish.
B) Explain the company's reason for existence.
C) Support the tactical plans of the organization.
D) Explicitly enumerate the projects in the company's portfolio.

Accepted Answer

The answer of One purpose of a mission statement is...

Question 17

Developing vision and mission statements is an important tactical step in project management.

Accepted Answer

Developing vision and mission statements is a strategic step, not a tactical one, as they define the organization's purpose, objectives, and the direction in which a project or company aims to move.

Question 18

The management department at the university decides to add a new program in restaurant, hotel, and institutional management. As part of the development process they hold focus groups consisting of area business leaders, current and former students, and restaurant and hotel owners. These groups can be described as:
A) Project leaders.
B) Project workers.
C) Stakeholders.
D) Clients.

Accepted Answer

The focus groups consist of area business leaders, current and former students, and restaurant and hotel owners. These groups all have a stake or interest in the development of the new program, making them stakeholders in the project. The other options, project leaders, project workers, and clients, do not accurately describe the individuals involved in the focus groups.

Question 19

Define the term stakeholder and discuss the major groups of stakeholders.

Accepted Answer

The answer of Define the term stakeholder and discuss the...

Question 20

Most companies are well suited to allow for successful completion of projects in conjunction with other ongoing corporate activities.

Accepted Answer

Most companies face challenges in balancing project completion with other ongoing corporate activities due to resource constraints, prioritization issues, and potential conflicts between project and operational goals.

Quiz 2: The Organizational Context: Strategy, Structure, and Culture

The same project managed in the same fashion may succeed in one organization but fail in another.

Which statement about stakeholders is BEST?

Strategy, goals, and programs support the organizational mission.

What is meant by the statement, "successful project management is contextual"?

What is strategic management and what role do projects play in it?

One element of strategic management is cross-functional decision making.

Develop a TOWS matrix for a Fortune 100 firm that has announced a new project within the past year. Demonstrate how the new project, which could be any revenue-generating new product or service, fits or doesn't fit the organization based on your TOWS analysis.

Which of the following is NOT an element of strategic management?

Which of the following is descriptive of a vision statement?

The highest priority among strategic choice elements is:

A strategic perspective on project management might ask which of the following questions prior to undertaking a project?

What are the essential components of corporate strategy and how are they related?

A strategic element consisting of statements such as "a 5% increase in freshman to sophomore retention" and "a 10% increase in the six-year graduation rate" is BEST described as a:

A strategic element that contains formally titled initiatives such as the Customer Survey Project, the Small Business Alliance Project, and the Employee Relations Project is most likely a:

Which of these strategic elements exists at a higher level than the others?

One purpose of a mission statement is to:

Developing vision and mission statements is an important tactical step in project management.

Define the term stakeholder and discuss the major groups of stakeholders.

Most companies are well suited to allow for successful completion of projects in conjunction with other ongoing corporate activities.