Chapter 02 Organization Strategy and Project Selection 1. Which of the follow is not one of the commonly heard comments of project managers? A. Where did this project come from? B. Why are we doing this project? C. How can all these projects be first priority? D. Why is this project so strongly linked to the strategic plan? E. Where are we going to get the resources to do this project? 2. Strategy considered to be under purview of senior management is A. Old school thinking B. A new school of management thought C. Necessary in a company structure D. Beneficial to the Project Manager E. Depended on company goals 3. A critical factor to ensure the success of integrating the strategic plan with projects lies in a process that A. Is open and published for all participants to review B. Starts with top management's directives C. With projects first and integrates them with the strategic plan D. Both B and C are correct E. A, B, and C are all correct 4. The intended outcome of strategy/projects integration is A. Clear organization focus B. Best use of scare organization resources C. Improved communication across projects and departments D. Both A and C are correct E. A, B, and C are all correct 5. Which of the following is a main reason why project managers need to understand their organization's mission and strategy? A. They can better focus on the immediate customer B. They can make appropriate decisions and adjustments C. So they can be effective project advocates D. Both B and C are correct E. A, B, and C are all correct 6. Project managers who do not understand the role that their project plays in accomplishing the organization's strategy tend to make all the following mistakes except: A. Focusing on low priority problems B. Overemphasizing technology as an end in and of itself C. Focusing on the immediate customer
D. Trying to solve every customer issue E. All the above are likely mistakes 7. In today's business environment, project managers find it valuable to have a keen understanding of A. Strategic management B. Technical issues C. Project selection process D. Both A and C are correct E. A, B, and C are all correct 8. The textbook indicated that ________ is the major dimension of strategic management. A. Responding to changes in the external market B. Allocating scarce resources of the organization C. Beating competition to the market D. Both a and b are correct E. Both a and c are correct 9. Which of the following is not true for strategic management? A. It should be done once each year just before developing the operating plan B. It supports consistency of action at every level of the organization C. It develops an integrated and coordinated long-term plan of action D. It positions the firm to meet the needs of its customers E. All of these are true statements 10. Which of the following is the correct order for the strategic management process? A. Strategies, mission, goals, projects B. Goals, projects, mission, strategies C. Mission, goals, strategies, projects D. Goals, mission, strategies, projects E. Projects, mission, strategies, goals 11. Which of the following questions does the organization's mission statement answer? A. What are our long-term strategies? B. What are our long-term goals and objectives? C. How do we operate in the existing environment? D. What do we want to become? E. All of these are answered by the mission statement 12. Which of the following is not one of the traditional components found in mission statements? A. Major products and services B. Profitability C. Target customers and markets
D. Geographic domain E. Contribution to society
13. Which of the following is not one of the characteristics of effective objectives? A. Realistic B. Assignable C. Flexible D. Specific E. Measurable 14. Strategy formulation includes which of the following activities? A. Determining alternatives B. Creating profitability targets C. Evaluating alternatives D. Both a and c are correct E. A, B, and C are all correct 15. The assessment of the external and internal environments is called _______ analysis. A. SWOT analysis B. Competitive C. Industry D. Market E. Strategic 16. Which of the following would not be classified as an organizational threat? A. Slowing of the economy B. A maturing life cycle C. Poor product quality D. Government regulations E. All of these are organizational threats 17. Which of the following would not be classified as an organizational opportunity? A. Increasing product demand B. Excellent employees C. Emerging markets D. demographics E. All of these are organizational opportunities 18. Which of the following is not one of the requirements for successful implementation of strategies through projects? A. Allocation of resources B. Prioritizing of projects
C. Motivation of project contributors D. Adequate planning and control systems E. All of these are requirements
19. Which of the following terms is often used to denote a project that a powerful, high ranking official is advocating? A. Sacred cow B. Pet project C. Political necessity D. Special undertaking E. Strategic ploy 20. Susie's department is implementing many projects. She finds herself starting and stopping work on one task to go and work on another task, and then return to the work on the original task. Susie is experiencing A. Poor scheduling B. Excess work burden C. Flexible tasking D. Multitasking E. Burnout 21. Project selection criteria are typically classified as: A. Financial and non-financial B. Short-term and long-term C. Strategic and tactical D. Required and optional E. Cost and schedule 22. Which of the following financial models are typically included in project selection? A. Payback B. Net present value C. Internal rate of return D. Both A and B are correct E. A, B, and C are all correct 23. Projects are usually classified into all but one of the following categories. Which one is not one of the typical classifications? A. Compliance and emergency B. Operational C. Strategic D. Political necessity
E. All of these are typical classifications 24. Which of the following is not one of the classifications for assessing a project portfolio? A. Sacred cow B. Bread-and-butter C. Pearls D. Oysters E. White elephants 25. A project screening matrix typically contains all of the following except: A. The list of available projects B. Specific criteria C. Weights assigned to specific criteria D. Costs to complete each project E. All of the above are typically contained 26. Which of the following is the reason(s) why project managers need to understand their organization's mission and strategy? A. To make appropriate decisions and adjustments B. To be effective project advocates C. To be able to get their job done D. Both A and B are correct E. A, B, and C are all correct 27. In the Snapshot from Practice, Intel's CEO has concentrated Intel's strategy toward? A. Creating chips to support the digital device market B. Eliminating AMD as a competitor C. Strengthening Intel's position in the PC market D. Expanding Intel's international market E. Expand efforts in the mainframe computer market 28. Which of the following is not true of multi-weighted scoring models? A. Will include quantitative criteria B. Will include qualitative criteria C. Each criterion is assigned a weight D. Projects with higher scores are considered more desirable E. All of the above are true 29. A major project proposal form will likely include all of the following except: A. Project Classification B. Schedule objective C. Major deliverables of the project D. How success will be measured E. All of these are likely to be included
30. Which of the following is a common multicriteria selection model? A. Checklist B. Net Present Value C. Weighted criteria model D. Both A and C are correct E. All of these are common multicriteria selection models
Chapter 02 Organization Strategy and Project Selection 1=D 2=A 3=A 4=E 5=D 6=E 7=D 8=D 9=A 10=C 11=D 12=B 13=C 14=D 15=A 16=C 17=B 18=E 19=A 20=D 21=A
22=D 23=D 24=A 25=D 26=D 27=A 28=E 29=B 30=D
